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Question:

Real estate agent or mortgage loan officer?

This is a feild that really appeals to me. I have always been interested. I know it's hard to start out...I have tried and gave up once because of the costs....I was going in debt...lol. But, I want to try again. Any tips? What are some good companies to work for? Any of you make any money within the first couple months? Also, after you work for a while is it possible to work at home...or at least part time at home? I am going to have a baby in the near future?Also, is it better to start off working for a builer rather a real estate company?

Answer:

Get into mortgage lending now while everyone else is bailing out. You can make it. It is the most fun career you can choose. If you apply at a big bank, they will probably put you in the loan modification department since that is where they are desperate for help..
real estate agent you need to be a go getter,it doesn't come to you.and you pay out dues depends on your state and then you have to see who would take you under there wings so you can work out of there office.you never just go bam I'm open unless you take over an office from some one else and you need experiance from the old timers. if you only make a comission of 6 percent,think about that one.you need to sell a house for 100k oat least to make almost 6k and then the real estate office gets there cut for over head and all and then you'll pay taxes on it,etc. so if you think just sitting at home and it'll work for you,good luck. we have the money to persure it and we find it hard to get listings and sell and foreclosures,alot of footwork and alot of the peole are just looking and your never hear from them again don't know alot about mortgage brokers. but the other answer of 20k a month? I would question that one. but i could be wrong.
I held off on real estate until my children were older because I did not have someone to drop the children off with at a moments notice.,(I was a legal secretary title company closer, which provided me a structured schedule that worked with small kids), and if you are working hard enough to get that phone to ring, there will be those moments notice. Strong buyers know they are few far between and expect to be treated appropriately. Both professions entail a lot of self marketing Know how. As the previous poster mentioned its go/go/go. You must enjoy people resolving issues. YOU are the one that has to decide what you want to do, take it from there. The plus with a small baby, he will sleep a lot so you have time to take online classes learn as much as you can. As to the companies, Interview them, decide where you feel comfortable, don't just run to the first one, but do look around and find your fit. I have met quite a few people who worked for builders and exclaimed how easy it was to get buyers, in most states that is not the case any longer and they are being let go, only a select few remaining. With a real estate company you will get as much experience as you want, I wish you the best and enjoy the baby..

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