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re: Theres nearly 1.6 million Realtors and rumor is 800K have not closed a deal in 8 months
Posted on 11/12/22 at 10:02 am to Obtuse1
Posted on 11/12/22 at 10:02 am to Obtuse1
quote:
I know several that don't work in RE at all anymore or ever but still hang on to their license (whatever that entails).
My next-door neighbor is technically a realtor but hasn't been active for 25 years. She has listed a couple of properties over the years for me gratis just to get them on MLS.
May depend on the state, but usually you can place them on hold and just pay a renewal fee every few years. To list (and get commissions) the license needs to be active under a sponsoring broker. I had one for years (got it one summer during college) and only used it when buying and selling my own home. Saved money on selling and received a check from the listing broker when buying. Also made it easy to visit homes I was interested in, as I acted as my own agent.
0
Posted on 11/12/22 at 10:10 am to stout
PSA for Orlando area guys. The national women’s realtors council is having their convention there now. You’re welcome.
Posted on 11/12/22 at 10:32 am to Wiseguy
Does anyone know of any women who have hit the trifecta?
1. Realtor
2. Photographer
3. Cupcake business
?
1. Realtor
2. Photographer
3. Cupcake business
?
Posted on 11/12/22 at 10:39 am to stout
closed one yesterday 
Posted on 11/12/22 at 10:45 am to chRxis
I’ve had a real estate license for years. Takes between $700-$1000 to keep it active. I never do transactions though as I have a full time job in banking. Occasionally I’ll help a friend out if I know they aren’t going to want to see 500 houses before picking the one they want.
Where it saved me is on our last home purchase. I listed my house myself and saved 3% or around $18k. Then when I bought our new house, I got the buyers commission as I represented myself. That was close to $21k. So just those two transactions were close to $40k.
Makes it super easy just to keep my license hung somewhere and just have it handy in case I need it (and pay the nominal annual fees).
And 9.5 out of 10 realtors are pure cheese nuts that don’t know shite about real estate and bring nothing to the transaction other than their palm to get greased at the closing table.
Where it saved me is on our last home purchase. I listed my house myself and saved 3% or around $18k. Then when I bought our new house, I got the buyers commission as I represented myself. That was close to $21k. So just those two transactions were close to $40k.
Makes it super easy just to keep my license hung somewhere and just have it handy in case I need it (and pay the nominal annual fees).
And 9.5 out of 10 realtors are pure cheese nuts that don’t know shite about real estate and bring nothing to the transaction other than their palm to get greased at the closing table.
Posted on 11/12/22 at 1:05 pm to stout
OST of those are part timers.
Posted on 11/12/22 at 1:14 pm to BarnabyJones
[quote]shite, with home prices where they (still) are that's still a six figure income[/quote
Not a chance—6% on a 450k house is only 27k. And then that gets spilt like 4 ways. Idk how these ppl survive
Not a chance—6% on a 450k house is only 27k. And then that gets spilt like 4 ways. Idk how these ppl survive
Posted on 11/12/22 at 1:20 pm to Overbrook
quote:
The discipline of that industry to never compete on prices is really remarkable. (I'll assume that they aren't price-fixing, as that is a per-se felony
There’s numerous that say they’ll only take 1-2% or just say that there’s a flat fee for listing a house.
It’s gimmicky but I’ve seen some do it well and make a living.
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