re: Any realtors in here?

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

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.

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

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I’d actually like to start a side business but I have no idea what any of the stuff you just posted meant.

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Don’t. You’ll spend more money than you’ll make.

Some of the biggest scammers out there are the ones selling the classes “how to make 6 figures in part-time real estate”

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Thinking about getting into the real estate game. Got any tips?

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OT TIP #1
According to the OT, do not charge a commission because Realtors do not do anything.

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I’d actually like to start a side business but I have no idea what any of the stuff you just posted meant.

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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.

You'd probably make more money playing scratch offs as a job.

Yes...Broker 20 years.

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Go into home inspections.

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what’s that?