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re: Any realtors in here?
Posted on 2/21/24 at 4:30 pm to llfshoals
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 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 5:51 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.
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