For every 10 reputation of Seekers of Wisdom gained, you will lose 1 reputation of Guardians of Beauty and vice versa. These reputations can also reach negative numbers. With this it is worth working on both reputations at the same time.
After finishing the initiation quest you can get a quest from the Old Fattar to gain Seeker of Wisdom Repuatation every 3 days.
You only get one of the following quests, which one is random: