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re: Any realtors in here?
Posted on 2/21/24 at 3:55 pm to Hawgnsincebirth55
Posted on 2/21/24 at 3:55 pm to Hawgnsincebirth55
No, but I watch Million Dollar Listing on Bravo
This post was edited on 2/21/24 at 3:55 pm
Posted on 2/21/24 at 3:55 pm to Hawgnsincebirth55
I have been a mortgage lender for 17yrs. 98% of realtors suck, they are part time and have no knowledge of what they are doing. I would suggest starting as a part time/second job situation. The pay is 100% commission and the broker is taking a min of 50% of that commission each month unless your a big producer. Also it really helps if your a good looking female. I mean it really helps
Posted on 2/21/24 at 4:00 pm to Hawgnsincebirth55
quote:
Got any tips?
Make sure you start the description of every property with "Welcome to..."
Throw in the words "luxurious" and "one of a kind" no matter how cookie cutter the house is
Posted on 2/21/24 at 4:14 pm to Hawgnsincebirth55
Yes, unlike most of these idiots I actually know what I’m doing, and yes like one of the posts says about 98% of them are worse than useless. Yes I make a lot and my clients mostly love me and call me when they have questions still.
If you’re serious about this, don’t do it part time. Have about a year’s worth of cash stashed back (more would be better) because you’re going to have to spend money to make it, and you’re going to screw up learning what works and what doesn’t.
Step 1, talk to a few brokers. Not Keller Williams. Ask for a printout of the brokerage sales for last year if you know a friendly agent so you know which of the smaller independent brokers with a few agents actually sells anything. You’ll need to put your license with someone and you might as well do it right from the start.
Do that btw before you ever spend a cent getting your license. If you’re still interested I’ll give you steps 2 and 3 later.
If you’re serious about this, don’t do it part time. Have about a year’s worth of cash stashed back (more would be better) because you’re going to have to spend money to make it, and you’re going to screw up learning what works and what doesn’t.
Step 1, talk to a few brokers. Not Keller Williams. Ask for a printout of the brokerage sales for last year if you know a friendly agent so you know which of the smaller independent brokers with a few agents actually sells anything. You’ll need to put your license with someone and you might as well do it right from the start.
Do that btw before you ever spend a cent getting your license. If you’re still interested I’ll give you steps 2 and 3 later.
Posted on 2/21/24 at 4:30 pm to llfshoals
quote:I’d actually like to start a side business but I have no idea what any of the stuff you just posted meant.
Step 1, talk to a few brokers. Not Keller Williams. Ask for a printout of the brokerage sales for last year if you know a friendly agent so you know which of the smaller independent brokers with a few agents actually sells anything. You’ll need to put your license with someone and you might as well do it right from the start. Do that btw before you ever spend a cent getting your license. If you’re still interested I’ll give you steps 2 and 3 later.
Posted on 2/21/24 at 4:37 pm to Hawgnsincebirth55
Here is your terminology you’ll need
- something is wrong and owner wants out = motivated seller
Window gives a view of another building = partial view
Owners doesn’t want to move his/her junk out = furnished
House is on verge of collapse = has potential
House needs a lot of updating = needs a little TLC
Appliances work and aren’t as old as the house = new appliances
House is really small = cozy
Yard is full of weeds or dead spots = low maintenance yard
Back yard has poor drainage = potential future pool or pond site
- something is wrong and owner wants out = motivated seller
Window gives a view of another building = partial view
Owners doesn’t want to move his/her junk out = furnished
House is on verge of collapse = has potential
House needs a lot of updating = needs a little TLC
Appliances work and aren’t as old as the house = new appliances
House is really small = cozy
Yard is full of weeds or dead spots = low maintenance yard
Back yard has poor drainage = potential future pool or pond site
Posted on 2/21/24 at 4:39 pm to Hawgnsincebirth55
quote:
Thinking about getting into the real estate game. Got any tips?
Just go take the test. Any reasonably competent person can pass it.
Posted on 2/21/24 at 5:14 pm to Hawgnsincebirth55
quote:Don’t. You’ll spend more money than you’ll make.
I’d actually like to start a side business but I have no idea what any of the stuff you just posted meant.
Some of the biggest scammers out there are the ones selling the classes “how to make 6 figures in part-time real estate”
Posted on 2/21/24 at 5:27 pm to Hawgnsincebirth55
It's a roller coaster. My experience was when it was good, it was really good, but when it was bad, it was really bad. No benefits, no steady income and long hours and if you're in it long enough, you're going to get screwed by some customers. Unfortunately, it's part of the business.
If you decide to give it a try, I wish you the best of luck. You can make great money, but just understand you need to be smart with your money. Good luck, brother!
If you decide to give it a try, I wish you the best of luck. You can make great money, but just understand you need to be smart with your money. Good luck, brother!
Posted on 2/21/24 at 5:38 pm to Hawgnsincebirth55
quote:
Thinking about getting into the real estate game. Got any tips?
OT TIP #1
According to the OT, do not charge a commission because Realtors do not do anything.
Posted on 2/21/24 at 5:51 pm to Hawgnsincebirth55
quote:
I’d actually like to start a side business but I have no idea what any of the stuff you just posted meant.
1. Shop around. You have to hang your license with a broker.
Keller Williams just chews agents up and spits them out. They offer little support and just have tons of new agents that don't know shite about shite. Ask for a printout of their sales numbers to determine if they actually sell anything.
My 2 and 3?
Don't be afraid to join a team of agents within the brokerage when you start out. They are normally led by a top producing agent with a half a dozen or so agents below them. Think of it as a Master/Journeyman/Apprentice model. You kick some of your commission up to the lead agent, but they might cover your marketing or office fees and you get the benefit of their name. Real Estate is all about knowing the right people.
3 Don't expect to make much for the first six months to a year. That's just the nature of the beast. Don't chase a quick buck or cut corners. Your reputation is everything in that business. If times are tight, you can do broker price opinions for $150 a shot or host open houses on weekends for other agents for a cut of the commission and a flat rate.
4. Invest back in the business and double whatever marketing budget you think is reasonable.
Posted on 2/21/24 at 5:52 pm to llfshoals
quote:
Some of the biggest scammers out there are the ones selling the classes “how to make 6 figures in part-time real estate”
You know Genny, too?
Posted on 2/21/24 at 5:55 pm to Hawgnsincebirth55
You'd probably make more money playing scratch offs as a job.
Posted on 2/21/24 at 6:06 pm to Hawgnsincebirth55
Realtor is easy money
Posted on 2/21/24 at 7:06 pm to Hawgnsincebirth55
Yes...Broker 20 years.
Posted on 2/21/24 at 7:11 pm to Hawgnsincebirth55
quote:
Thinking about getting into the real estate game. Got any tips?
Go into home inspections.
A good one can do very well.
Posted on 2/21/24 at 7:22 pm to Rouge
quote:what’s that?
Go into home inspections.
Posted on 2/21/24 at 7:30 pm to PurpleandGold Motown
I thought real estate agents just had to get a license. Find somebody who wanted to sell a house. Convince someone else to buy it and take some of the money. Why would it cost me money to do that?
Posted on 2/21/24 at 7:40 pm to Hawgnsincebirth55
Learn how to code
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