If you could tell your younger self 3 tips before becoming a real estate agent what would they be?Or any points of wisdom, all appreciated. :)
There are many real estate firms that have been in business many, many years and have maintained some balance of success through good times and bad.This is not true that a lot of people who have got into the real estate business specially when the market booming and it is also fall unless this is really your life is work it will be temporary at best. I can also done job in real estate company in Montgomery,AL. That company is very famous in AL
No one above has even mentioned the most important TIP of all. You need at least 6 months of your normal everyday expenses saved, before you begin the realtor's course. After you make a sale,you may not be paid for 30 - 60 days until the sale closes. Your business expenses continue to pile up and must be paid even though you have not received any commission yet. The competition from the thousands of other sales people is fierce. You are new with no experience and no contacts, so you need to come up with something unique while staying within the code of ethics. Work hard 24 / 7 and good luck.
my broker said I needed to start out with $10K in pocket and a new or nearly new car. (this is both a positive and negative statement). you work under a broker but have your own business. You think you can run your business like you want but there are too many rules and regulations to do that. broker said to stay with their agency you need to sell/buy 3 properties per month. You get dumped but your peers don't. some people bring in one sale and stay. broker said they won't teach you about their office if you have a full time job elsewhere (to support yourself while you get on your feet in real estate), but they pick and choose who they train (their favorites). there's a great amount of competition in the agencies and other agents will steal your sale, even the broker. It's a cut-throat (excuse he expression) business. you must use the phone of the agency to get your calls, then you don't get all your calls or mail. This is not a business for the faint of heart. There's a statement out there that says something like 20% of agents bring in the business. A person with the title of million dollar seller only earns $35K a year. If a couple is married who are selling or buying, interview them together (never singly).
