Home > categories > Construction & Real Estate > Other Construction & Real Estate > Advice on being a Real Estate Agent?
Question:

Advice on being a Real Estate Agent?

I don't know a lot about it , but i loveee houses. I think it would be such a cool job, and i hear you can become quite wealthy from it too. Ive heard there has been deflation on houses, so does that affect the want for more real estate agents? what is average salary? are there any colleges known for giving a good education on real estate? thanks------- marshall

Answer:

Housing markets don't affect real estate agents. Why? Because regardless of how the economy or housing market is doing, people will still be selling and buying homes. In a slow housing market, it's a buyer's market and buyers get so many options and for a lot less than during a seller's market. During a seller's market, sellers are making a kill while buyers scramble to get their foot in the door of multiple offers left and right. There is no salary. We are commissioned. When we close a deal and the title is transferred, that's when we get paid. If a deal collapses for whatever reason, we make nothing. You don't need to go to college to be a real estate agent. You simply take the licensing courses required by your state, pass the licensing exam, and off you go! It's an amazing industry where you get to be your own boss, set your own hours, etc. The downside is we live off our commissions so if we have no deals coming in, we have to learn to tighten our belts and save up for those rough patches.
NO salary for agents; salary for staff; office managers, designers, architects, etc. colleges, no [yes, colleges offer the same thing but it takes WAY longer] lots of RE schools-for speed and good, fast answers. what do you LOVE about houses? Can guide you.
A professional agent will have to be higher at negotiating to your behalf however eventually, the fee you pay for a brand new condo is as much as the humans promoting it, no longer any one's connections. My final agent had handiest been within the industry for a short while however I relatively felt she did a well activity. Remember you'll be able to consistently spend a couple of searching journeys with this agent and get any one else if you happen to don't seem to be joyful. I do not suppose you need to signal any agreement to be able to bind you to that man or woman. A well agent goes to supply you plenty of choices to prefer from and no longer push you into creating a selection, mainly one you are not able to manage to pay for. Just take a step again and examine this agent's conduct every so often and you can be quality. I additionally advise studying Home Buying for Dummies. I proposal that was once very handy. Good good fortune.

Share to: