I Would Like To Become A Real Estate Agent, What's The Easiest Way?
I have a little boy and he's at the age where he doesn't want me to leave him he's also very shy so its hard so i was wondering how i could become a real estate agent but still be with my son
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As Phobe7 accurately states, you need to take classes and then pass a test (or more) depending on which state you reside in.
She is also accurate in her comments about the market being "weak," and about building a "client" base & showing houses & being on the phone a considerable amount of the time.
Please note that I am speaking as a licensed Realtor in the state of MN and what I am about to tell you is specifically from MN law.
In MN (& I would guess many other states) it is illegal to get a commission unless you are a "party" to the transaction. So, you need to be licensed. As an example, since the market is so weak, & I do not have a massive client list (&/or people that immediately think of ME when it comes to buying or selling) I specifically sought out a "REAL ESTATE BROKER" who would be willing to "work" the "potential" buyers & sellers that I brought to him. Obviously, he (&/or his team) will make the bulk of the commission $'S on any transaction, but at least I get something. He takes the time to discuss with me what each & every "potential" client might bring in & we set my commission % accordingly. It has been as low as 10% and as high as 40%.
As an example, if I had taken a client & helped them sell their house & I alone had worked it (I found a buyer for this property that I listed) I would receive 80% of the 6% we negotiated with the seller. Sale price: $100,000. Commission paid to the broker: 6% of $100K = $6,000. My commission would be 80% of the $6,000 = $4,800.
Same scenario above, but I only listed the property & another agent (a different company) brought the buyer to the table, my commission would be $2,400. My Broker would receive 3% of the $100,000 = $3,000 & I would receive 80% of the $3K = $2,400. The other agents Broker would receive the other 3% ($3,000) and the agent would receive whatever % (of the $3K) that he/she was entitled to depending on their contract).
Same scenario above, but this time, all I did was refer my "potential" listing to my Broker. This is where I referred to my receiving between 10% - 40%. If the listing (process) went well and my Broker's company was successful in finding the buyer for the listing, I would receive a higher %. If the buyer came from a different Real Estate company, I would receive the lower %.
This has worked well for me as I have decided to work my Real Estate Bs. "part time" until the market turns around again.
I hope this has made sense and helps you with your decision! Good luck!
She is also accurate in her comments about the market being "weak," and about building a "client" base & showing houses & being on the phone a considerable amount of the time.
Please note that I am speaking as a licensed Realtor in the state of MN and what I am about to tell you is specifically from MN law.
In MN (& I would guess many other states) it is illegal to get a commission unless you are a "party" to the transaction. So, you need to be licensed. As an example, since the market is so weak, & I do not have a massive client list (&/or people that immediately think of ME when it comes to buying or selling) I specifically sought out a "REAL ESTATE BROKER" who would be willing to "work" the "potential" buyers & sellers that I brought to him. Obviously, he (&/or his team) will make the bulk of the commission $'S on any transaction, but at least I get something. He takes the time to discuss with me what each & every "potential" client might bring in & we set my commission % accordingly. It has been as low as 10% and as high as 40%.
As an example, if I had taken a client & helped them sell their house & I alone had worked it (I found a buyer for this property that I listed) I would receive 80% of the 6% we negotiated with the seller. Sale price: $100,000. Commission paid to the broker: 6% of $100K = $6,000. My commission would be 80% of the $6,000 = $4,800.
Same scenario above, but I only listed the property & another agent (a different company) brought the buyer to the table, my commission would be $2,400. My Broker would receive 3% of the $100,000 = $3,000 & I would receive 80% of the $3K = $2,400. The other agents Broker would receive the other 3% ($3,000) and the agent would receive whatever % (of the $3K) that he/she was entitled to depending on their contract).
Same scenario above, but this time, all I did was refer my "potential" listing to my Broker. This is where I referred to my receiving between 10% - 40%. If the listing (process) went well and my Broker's company was successful in finding the buyer for the listing, I would receive a higher %. If the buyer came from a different Real Estate company, I would receive the lower %.
This has worked well for me as I have decided to work my Real Estate Bs. "part time" until the market turns around again.
I hope this has made sense and helps you with your decision! Good luck!
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This do not work the best real estate Agents are on call all the time this is how you build your client tell and you are constantly on the phone .
You may show many homes and not sell a home and yu do not get a paid wage unlse you sell a jome yo get some commission for it
You have to take classes and then take a test what ever your state requires.
Now is not a great time for home sales because the market has slowed way down and there are a lot of foreclosures on home because people bought with a loan with variable interest rates and for profit an it all when out the window.
Have a idea maybe if you have some one you can trade of with or watch your son while he is a sleep at night you could find a job do some thing you enjoy just to get out and bring in a income
Your son would never know you where gone if you worked while he was sleeping.
Do you need to work ? If not what is it you like to do . maybe you could do something from home or is it you would like to get out or you would like extra cash.
You already have the most important job in the world what a wonderful gift the instilled in you to be such a concerned loving mother .
Do you know not every one has that special piece of heart in them.
You may show many homes and not sell a home and yu do not get a paid wage unlse you sell a jome yo get some commission for it
You have to take classes and then take a test what ever your state requires.
Now is not a great time for home sales because the market has slowed way down and there are a lot of foreclosures on home because people bought with a loan with variable interest rates and for profit an it all when out the window.
Have a idea maybe if you have some one you can trade of with or watch your son while he is a sleep at night you could find a job do some thing you enjoy just to get out and bring in a income
Your son would never know you where gone if you worked while he was sleeping.
Do you need to work ? If not what is it you like to do . maybe you could do something from home or is it you would like to get out or you would like extra cash.
You already have the most important job in the world what a wonderful gift the instilled in you to be such a concerned loving mother .
Do you know not every one has that special piece of heart in them.
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The short answer is there is no easy way if you want to do something do it right go to college and study it all
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