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Anyone here a Realtor... (1 Viewer)
- Thread starter walnutz
- Start date
comfortably numb
Footballguy
me
got my license 2 years ago in NJ and practicing part time.....barely
got my license 2 years ago in NJ and practicing part time.....barely
Gianni Verscotchie
Footballguy
I've been licensed for 10 years.
I have not had one listing
I have not had one listing
comfortably numb
Footballguy
I will keep my licence going as long as I can afford to.
It's a good fall back option and I can pull together a deal if something comes up or if I am in right time or place.
At this point I am not looking to make a career of it or market myself but being able to make extra cash
Gianni Verscotchie
Footballguy
Yeah. Me neither. I just like going to the gatherings and playing golf with my Mortgage buddies for free.
Gianni Verscotchie
Footballguy
I took a class with my girlfriend and her stripper friend a few nights a week. It was pretty brainless. Especially considering that those two stunods had no problem passing.
I would just sit there mentally masturbating to the thought of the two of them getting it on. Then we'd go out drinking or to the strip club after class.
Now we are all realtors!
The end.
I would just sit there mentally masturbating to the thought of the two of them getting it on. Then we'd go out drinking or to the strip club after class.
Now we are all realtors!
The end.
comfortably numb
Footballguy
School cost 350 and I did 2 nights a week 3 hours each night for 3 months.
if you have time you could knock it off in 2 weeks going 5 days a week.
You pass the school test and are now ready for the state exam.
Passed both on the 1st go.
Was not very hard and class was actually very informative.
IMO with a RE license you get out what you put in.
I am not putting myself out there and your sales will usually reflect that.
Year 1 was in 3 deals and made 15k just putting in a few extra hours here and there, emails, a dozen or so showings.
Year 2 has been slower I am working on 1 deal and will probably only make about 2- 5k extra this year.
You get what you give.
I can easily see how one can quickly make 40-100k in a year.
This all depends on your market, ability to network and find clients and of course what you are willing to put in.
In NJ keeping your license up to date runs you about 800-1200 per year between updating your license and RE key access and other services you may sign up for.
All in all for a relatively cheap investment I think it is a great asset to have.
Most any companies will hire you.
You can only operate out of 1 office at any time.
An office may even pay for your schooling
It's pretty easy work.
Just alot of patience and following up with other moving pieces involved in a deal (attorney, inspections, other agent etc...)
I enjoy it, just not that motivated to fill my free time with too much extra work.
Also alot of other doors open up when you are involved in RE.
you meet a lot of new people and may find yourself exposed to other areas that night interest you and give you an ability to make more money
if you have time you could knock it off in 2 weeks going 5 days a week.
You pass the school test and are now ready for the state exam.
Passed both on the 1st go.
Was not very hard and class was actually very informative.
IMO with a RE license you get out what you put in.
I am not putting myself out there and your sales will usually reflect that.
Year 1 was in 3 deals and made 15k just putting in a few extra hours here and there, emails, a dozen or so showings.
Year 2 has been slower I am working on 1 deal and will probably only make about 2- 5k extra this year.
You get what you give.
I can easily see how one can quickly make 40-100k in a year.
This all depends on your market, ability to network and find clients and of course what you are willing to put in.
In NJ keeping your license up to date runs you about 800-1200 per year between updating your license and RE key access and other services you may sign up for.
All in all for a relatively cheap investment I think it is a great asset to have.
Most any companies will hire you.
You can only operate out of 1 office at any time.
An office may even pay for your schooling
It's pretty easy work.
Just alot of patience and following up with other moving pieces involved in a deal (attorney, inspections, other agent etc...)
I enjoy it, just not that motivated to fill my free time with too much extra work.
Also alot of other doors open up when you are involved in RE.
you meet a lot of new people and may find yourself exposed to other areas that night interest you and give you an ability to make more money
Koya
Footballguy
Koya
Footballguy
Interesting question. I've been listened close to 10 years. Work in real estate development and have never needed the licence but it's valuable to have should the need arise, at which time id likely get the brokers license.
sbonomo
Footballguy
I have sold three houses in the last 1.5 years. I guess it would have saved me 15K or so if i had mine. Maybe this is not a bad idea if/when i ever sell my main house.
cstu
Footballguy
It's a terrible business unless you a) know a lot of people who will let you sell their house or b) willing to work your ### to be the top agent in your area.
moleculo
Footballguy
My wife started in January. She's been killing it. I think she's up to 11 or 12 deals so far this calendar year - not shabby for a rookie.
She is cut out for it though - right personality, she can talk to anyone about anything...good at getting people to open up about what they want, etc. Lots of previous B2B sales experience as well. Also, its true that you get out of it what you put in. She has been busting her ###, drumming up clients. Working the phone desk at the office last week, someone called in looking for a buyer agent for a $1.2M house...that would be a nice deal if she can close that one.
She is cut out for it though - right personality, she can talk to anyone about anything...good at getting people to open up about what they want, etc. Lots of previous B2B sales experience as well. Also, its true that you get out of it what you put in. She has been busting her ###, drumming up clients. Working the phone desk at the office last week, someone called in looking for a buyer agent for a $1.2M house...that would be a nice deal if she can close that one.
cstu
Footballguy
Don't even think about becoming a realtor unless you love introducing yourself to strangers. It's extremely difficult if you don't naturally talk to people.
Chemical X
Footballguy
dont you need to get aligned with a sponsoring broker? if you want to make money you have to work weekends.
Swing 51
Footballguy
JoeSteeler
Footballguy
comfortably numb
Footballguy
In NJ you can get your license on your own but you can not practice without a brokers office backing your license.
That office will hold your license for as long as you wish to work for them.
If you want to move they will send your license to your new agency.
Zegras11
Footballguy
Not everyone "deals with a lot of real estate" so what you think is zero value because of your experience is a great deal of value to someone else, especially someone with zero to a few deals.
I was just able to get a seller to come down 4% for my buyer because the agent and the seller were pricing their home based on what they needed and not what the market was paying. Nice home was on the market for 10 weeks and should have never lasted a week in that condition. That seller would have sat on that home forever. They weren't getting any showings at that price. I saw it as an opportunity for my buyer.
You must have worked with some really ####ty realtors because my office is about 40% that are very good and making well over six figures.
Chadstroma
Footballguy
Can you get a brokers license without X amount of time as a realtor? I don't know really but I seem to remember someone telling me that that was the case. Maybe a state by state thing?
Zegras11
Footballguy
http://www.dre.ca.gov/Examinees/RequirementsBroker.html
California is 2 years active and at least 8 college courses.
http://www.49dollaridahoregisteredagent.com/idaho-real-estate-broker-license.html
Idaho is similar
cstu
Footballguy
How many listings did you get your first two years from people outside of those you knew when you started? From what I've seen here in Los Angeles the most difficult part is getting listings in the beginning from people you don't know since everyone is marketed to death by big name agents.
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Zegras11
Footballguy
I spent my first year as a Buyers Agent only for a top listing agent. I'm now getting listings from past buyers and referrals from them.
Looking back, I think I chose by far the best route to get started.
I also have a very good internet listing lead generator that he used (he as 22 listings now and I grabbed two other zip codes) and I'm getting 3-5 leads per day.
I'll have about 10 in 5 months and than 15-20 at all times in a year. Went on my own a few months ago and hired an executive assistant to handle DB and marketing and a showing assistant (so I can focus on these leads) in the last 10 days. LOL, another lead just came in as I was typing. Three in the past hour. About 1 in 20 want to sell now. About 1 in 5 want to sell in next 12 months.
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bagger
Footballguy
depends by state. In AZ I got mine on the side 10 years ago and hung it with a broker for the required 3 years who just took a small flat fee for commission but gave no help or office space. After the 3 years got my broker license that I keep but really just use the Mls for my condo rental and if I sell or buy a house and maybe some random friends and family stuff. For the op, the broker you pick really depends on what you want out of it. But I agree 90% of agents are pretty much worthless.
jason12vb
Footballguy
Anyone know if I should be able to see if attachments/supplements are attached to a listing currently on the MLS (specifically #4649545)?
Listed our home a few weeks ago and am very unhappy with the realtor we chose for a plethera of reasons. I'm starting to put together an argument for getting out of our contract and am trying to verify that he added an attachment to the listing like he said he was going to do. Just not sure if the general public should be able to see them or if only agents can.
Listed our home a few weeks ago and am very unhappy with the realtor we chose for a plethera of reasons. I'm starting to put together an argument for getting out of our contract and am trying to verify that he added an attachment to the listing like he said he was going to do. Just not sure if the general public should be able to see them or if only agents can.
You can easily get out of a listing contract, you just can't sell the house yourself for whatever period is specified in the contract, usually six months to a year without owing a commission to said Realtor. Now if you re-list with some other broker, it normally voids that part of the agreement. You need to see what your contract says, but most standard BOR forms will have similar language.
jason12vb
Footballguy
Thanks, had he left us with a copy of the contract/papework I wouldn't feel the need to build this case....but it helps to know what's common.
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