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re: real estate license/side job
Posted on 10/19/23 at 11:15 am to Coach85
Posted on 10/19/23 at 11:15 am to Coach85
What's your end goal? Are you really familiar with the land around you? Are you well connected and have a robust social network? These are the first things I would think of.
A new agent has to work under a brokerage. Absolute horse shite system, but you can't just get a license and start winging out deals as they come up. That brokerage may or may not have any specific requirements for work, but you can decide based on that.
Not to be the "it's too late to start" person but I'd assume that there are already some well established people in your area and even at whatever hypothetical brokerage you end up at that you'd have to try to displace. That goes back to your knowledge of the area and your social network. If yes to both of those, then you at least have a leg up.
If you're talking about dealing with large tracts of land then presumably you're looking at a bunch of inquiries and long deal cycles with a lot of negotiation and possibly several trips out to the land that often might end in no deal.
I think the real estate licensing is easy, and I think you can find a brokerage that will take on people, it would just come down to 1 do you want to commit the weeks to learning and taking the licensing exam and 2 do you want to start engaging in the sales process on that land.
A new agent has to work under a brokerage. Absolute horse shite system, but you can't just get a license and start winging out deals as they come up. That brokerage may or may not have any specific requirements for work, but you can decide based on that.
Not to be the "it's too late to start" person but I'd assume that there are already some well established people in your area and even at whatever hypothetical brokerage you end up at that you'd have to try to displace. That goes back to your knowledge of the area and your social network. If yes to both of those, then you at least have a leg up.
If you're talking about dealing with large tracts of land then presumably you're looking at a bunch of inquiries and long deal cycles with a lot of negotiation and possibly several trips out to the land that often might end in no deal.
I think the real estate licensing is easy, and I think you can find a brokerage that will take on people, it would just come down to 1 do you want to commit the weeks to learning and taking the licensing exam and 2 do you want to start engaging in the sales process on that land.
Posted on 10/19/23 at 3:30 pm to Thundercles
I’ve actually thought a lot about this. I have multiple engineering degrees and have a career in that field. My employer does a perfect job ensuring I’ll never have enough time to even think about a side gig. However I have a deep passion for timberland and rural real estate, and I think often about trying to do it in retirement. I’ve bought land and one thing has always stuck out to me: in less than 10% of situations has the agent I contacted (usually listing agent) known more about the land than I did. I usually contact the listing agent because I’ve never met a buyer’s agent that would call me back a second time.
Downsides to my plan are numerous, but I can’t help but think I could so easily outwork these folks enough to make some walking around money, if not a second career.
Downsides to my plan are numerous, but I can’t help but think I could so easily outwork these folks enough to make some walking around money, if not a second career.
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