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re: Being a real estate agent.......

Posted on 12/27/15 at 4:20 pm to
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 12/27/15 at 4:20 pm to
quote:


No, they don't. You must not either since I also mentioned identifying your net number and grossing up your price. Keep up.


You sound like the business that tries to do cost plus pricing.
Posted by dsides
Member since Jan 2013
6153 posts
Posted on 12/27/15 at 4:21 pm to
quote:

Your point is heard loud and clear that you think the opportunity cost is favorable to use a REA. Others have stated they believe otherwise. You are in no position to say one is right or wrong across the board.


You are the decision maker so what you net is your decision, not the brokers.
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 12/27/15 at 4:24 pm to
quote:


You are the decision maker so what you net is your decision, not the brokers.


What one gets is dependent on what a buyer is willing to pay. I don't just get to gross up to a figurative number unless a buyer is willing to pay that number.
This post was edited on 12/27/15 at 4:25 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465996 posts
Posted on 12/27/15 at 4:27 pm to
let's just ignore him

seriously though the broker/agent issue is the biggest one of real estate law

if you're an attorney, once you get licensed you can start your own firm

if you're a real estate agent, you have to work for a broker and can't be licensed as a broker until 4 years of work
Posted by stout
Porte du Lafitte
Member since Sep 2006
179491 posts
Posted on 12/27/15 at 4:27 pm to
I think he should write an infomercial with this wonderful knowledge he has shared with us for free.
Posted by saderade
America's City
Member since Jul 2005
26248 posts
Posted on 12/27/15 at 4:28 pm to
quote:

Here's an idea. Find good people to work with and let them make a little money off you providing a service. Treat them well. Over time it will get paid back to you and you will enjoy life much more and die happy with friends. Or you can pinch pennies, assume everyone is out to screw you and you can die miserable with a few extra dollars. (although that's debatable.)
Please tell me you are trolling
Posted by stout
Porte du Lafitte
Member since Sep 2006
179491 posts
Posted on 12/27/15 at 4:29 pm to
quote:

if you're a real estate agent, you have to work for a broker and can't be licensed as a broker until 4 years of work



Becoming an appraiser or surveyor is even tougher and each of those are in big demand.
Posted by PurpleandGold Motown
Birmingham, Alabama
Member since Oct 2007
23987 posts
Posted on 12/27/15 at 4:30 pm to
quote:

et's just ignore him

seriously though the broker/agent issue is the biggest one of real estate law

if you're an attorney, once you get licensed you can start your own firm

if you're a real estate agent, you have to work for a broker and can't be licensed as a broker until 4 years of work


Each state is different. Alabama is 24 of the past 36 months as an active agent.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465996 posts
Posted on 12/27/15 at 4:31 pm to
shite infuriates me
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465996 posts
Posted on 12/27/15 at 4:31 pm to
quote:

Each state is different. Alabama is 24 of the past 36 months as an active agent.

even that seems outrageous to me
Posted by dsides
Member since Jan 2013
6153 posts
Posted on 12/27/15 at 4:31 pm to
quote:


What one gets is dependent on what a buyer is willing to pay. I don't just get to gross up to a figurative number unless a buyer is willing to pay that number.


You've got to determine a reasonable number you want to net based on the market and then incentivize your broker to make the market and achieve it. I own a lot of commercial property and trade often. I also will pay overmarket fees if I get my net number. I don't get caught up in %'s, what someone else makes. As long as I meet my targets, everyone wins.

I would argue if you agree to pay a good broker greater than a market fee you can most likely net more.
Posted by hillcountrywanderer
Buda, TX
Member since Jul 2014
529 posts
Posted on 12/27/15 at 4:33 pm to
It's pretty tough. I was lucky enough to join a successful team when I started and then ventured off into commercial RE. You will probably be pretty broke for the first 6 months so you might want to get some kind of side gig if you want to make ends meet. Not a good career to get started in if you're already married or have kids.
Posted by dsides
Member since Jan 2013
6153 posts
Posted on 12/27/15 at 4:34 pm to
quote:

I think he should write an infomercial with this wonderful knowledge he has shared with us for free.


You'll get it one day. Done here. Off to make money on the smart dumb guys in this thread.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179491 posts
Posted on 12/27/15 at 4:34 pm to
quote:

shite infuriates me



Look how insane it is to become an appraiser

LINK

Posted by stout
Porte du Lafitte
Member since Sep 2006
179491 posts
Posted on 12/27/15 at 4:35 pm to

quote:

Off to make money on the smart dumb guys in this thread.



Time is money yet you have posted in this thread for like 5 hours straight today with the rest of us "smart dumb guys"

Posted by joeleblanc
Member since Jan 2012
4114 posts
Posted on 12/27/15 at 4:36 pm to
quote:

Off to make money on the smart dumb guys in this thread


you mean people that use a realtor? lol
Posted by Gr8t8s
Member since Oct 2009
2585 posts
Posted on 12/27/15 at 4:36 pm to
I don't really care if you believe it or not. It's a message board. I might as well have said that I created Zillow.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465996 posts
Posted on 12/27/15 at 4:36 pm to
quote:

Experience Criteria - None Required

Examination Criteria - None Required



quote:

Experience Criteria - A minimum of 5000 hours of appraisal experience in no fewer than 36 months is required. The maximum allowable credit that shall be applied toward the experience requirement in a 12-month period is 1700 hours.


that is so ridiculous

Posted by PurpleandGold Motown
Birmingham, Alabama
Member since Oct 2007
23987 posts
Posted on 12/27/15 at 4:37 pm to
quote:


Look how insane it is to become an appraiser

LINK



It's three years as an apprentice in Alabama -- where you make roughly 25% of your total fees. fricking sucked when I did it.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179491 posts
Posted on 12/27/15 at 4:38 pm to
quote:

I don't really care if you believe it or not. It's a message board. I might as well have said that I created Zillow.




django is the biggest liar here behind Hammertime. Ignore him.
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