I am looking into possibly being a real-estate agent, part-time? Do any of you happen to do this? Is it profitable if you have a full-time job aside from that, or would I be wasting money with licensing and classes and such?
How does one look into getting involved?
Thanks,
CT
2006-08-22 09:59:16 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
it can be profitable. you can also be a referral agent and get paid by referring buyers and sellers to a particular office or agent without doing any work at all. go to www.weichert.com to find out more
2006-08-22 10:12:26 · answer #1 · answered by daniel r 4 · 0⤊ 0⤋
Okay, I tried this, and really didn't like it. Here's the problems:
It costs A LOT. To be a John L scott agent at the agency i was at, they had all the fees, like insurances, monthly fees for phone or copy usage, "branch fees"...it was ridiculous. It costed $150+ a month. Then, they required you to be a member of the "national association of Realtors" which costed $100+ every three months.
To be a member of the MLS, it was another $100+ every three months
To get the electronic key card, it was $100+ to lease it each year.
I ended up paying $200+ every single month. You'd REALLY have to be committed to making it happen. And I hated it to realize I was wasting a lot of time, driving lookey-loos around. Most people look at 10+ houses to buy one and you make $1500-2000 (in my area). So once i figured it all in, it just wans't worth it to me. Too much work for not enough "guarenteed" money.
It takes you about 3-6 months to get established to where you can try and make a sale, on average... becuase of trainings and getting into the MLS and all that. And you'll be paying all the fees FIRST, before you make a sale.
2006-08-22 10:48:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1. Check your market where you are, make sure its going well.
2. Check the requirements in your area
3. Yes, you would need to invest some $$$/Time
Yes, I did this for a while until I started my own business last year and Iam doing better with my Health and Wellness business.
I have a huge team from the West Coast to the East Coast and our product is in 14 countries!!!
It will be in 50 countries within the next 4 1/2 years!!!
2006-08-22 10:32:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'm a part-time agent. You have to have either a good amt of savings or a full or part time job to survive until deals start to close. Go to your state's real estate commission web site and they have a list of approved schools and requirements for you to begin.
It can get expensive, but if you stick with it- it can really pay off. That's what I'm waiting for.
2006-08-22 11:32:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Refering Real Estate Buyers/Sellers? I do the same with mortgages, just refer business to my office & you will earn an income, no hassles with licensing/classes/advertising.
Antal
Surefast Mortgage
AToth@SurefastMortgage.com
http://gabbly.com/http://www.surefastmortgage.com/
2006-08-22 10:15:00 · answer #5 · answered by Antal T 2 · 0⤊ 0⤋
If you work it, and work at it, it can do great, not everyone can sell, and not everyone is willing to do what it takes.
Alot of sales people start part time
2006-08-22 10:29:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋