I have a friend in Eastland Texas who got her license recently and in 2 days sold 2 houses! She's 19!!! I live in Fort Hood/Killeen. I was wondering if anyone knew the market here, or how I could find out about it. Because I hear some places there are like 1 agent to every 5 people, and that you can't make any money. Before I shell out the dough for classes I want to see if its worth it. In addition she did her classes online. And a real estate company still took her on as an agent. So is it true that if you get your credentials from online they're less impressive?? Thanks ALL!
2007-08-10 09:17:24 · 4 answers · asked by mrs.v 4 in Business & Finance ➔ Renting & Real Estate
It wasn't her FIRST two days-- just in two days.
2007-08-10 10:53:32 · update #1
If you get your R.E. license, you go to offices to interview - to decide if YOU WILL TAKE THAT OFFICE. The office does not pay the Realtor for working there - it's the other way around. And if your friend sold two houses in her first two days (VERY unlikely), it's because she already knew those people and they were already going to buy those houses. - or - Her broker was allowing her to show houses prior to being licensed (against the law in Texas).
2007-08-10 09:51:49 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Market in Fort Hood/Killeen
The market is slow everywhere, however, here is one report I found for Fort Hood that says the market is bad and it was written before things are as bad as they are now http://www.fthoodhome.com/content/article.html/1301161
Also, read your local newspaper to get more insight and call up a local agent.
On-line classes are just as good as on-site schools. Generally, courses have to be approved by the state. So, double check with the state to ensure the school you choose is approved.
Becoming an agent is not just "shelling out money to take classes" and sitting back and getting rich. The average agent makes $32,000 a year and works 60hour weeks. So, despite what a lot of people think it is not easy. It is a business you spend a lot of time and money (advertising, mailing, marketing, signage, dues, fees, gas, ongoing education etc.) in the hope of making money. E.g. you may list a house and in today's market after all your efforts and money it may expire without selling, so, No payday. Or you might drive some potential buyers around and they may never buy.
So, be sure you understand what you are getting into and then make the commitment because rarely will business fall in your lap.
I hope that I have helped. I do not mean to be discouraging just don't get into it because you think it is easy. Do Real Estate because you like it and because you want to run your business. Good Luck!
2007-08-10 20:31:19 · answer #2 · answered by The Floridian Realtor 1 · 0⤊ 0⤋
Your friend lied!
The market stinks virtually everywhere.
There is not 1 agent to every 5 people anywhere except at a Starbucks.
Online classes are no different than anywhere else, companies like ERA, Century 21 and Prudential just want warm bodies.
Either become an investor so you are the one making the decisions and YOu are the one making the profit or pick a new carreer until the market calms.
Just my 2 cents.
2007-08-10 16:32:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
how many months does it take to get your real estate license
2013-10-02 06:53:09 · answer #4 · answered by Michelle 1 · 0⤊ 0⤋