Who else here works in real estate?

hustler · 01-07-2010, 10:50 AM

I know I have seen a few posts here and there that imply people working as Realtors, or maybe somewhere else in the real estate industry.

I know I do, who else does?

AMG_POWER · 01-07-2010, 11:26 AM

how long does it take to get a RE license?

careless7 · 01-07-2010, 11:48 AM

Hardeep Sidhu is a Realtor I forget his username tho it's 7-something LOL.

Drives the black on black 740iL with the rare Steptronic on dubs.

arek · 01-07-2010, 11:55 AM

I was planning on it, but didn't like the hours.

Boss17 · 01-07-2010, 01:20 PM

I have my real estate license but got out of it cause I got in the business when the market went bust and i was 22 at the time. I don't understand why people wouldn't find a 22 year old with a BA credible or a good choice as their realtor.

It should take about 9-12 months to get your real estate license and then you have to continue to do these bullshit courses.

**T.Dot_E30** · 01-07-2010, 01:27 PM

Quote:

Originally Posted by Boss17

I have my real estate license but got out of it cause I got in the business when the market went bust and i was 22 at the time. I don't understand why people wouldn't find a 22 year old with a BA credible or a good choice as their realtor.

It should take about 9-12 months to get your real estate license and then you have to continue to do these bullshit courses.

It has to do with image and experience, while you might make your younger clients or clients your age feel comfortable.

Older people are less likely to feel comfortable with a much younger person than them handling the most expensive purchase they will ever make.

It is definitely not fair but there is not much you can do but grow old and get the experience, believe me i get the same type of thing in my industry too.

That......and Real Estate Agents are a dime a dozen these days. (No Offence, it's a reality of a world we live in)

StikiGreenZ · 01-07-2010, 01:43 PM

These days, everyone and their uncle is becoming a real estate agent.

AMG_POWER · 01-07-2010, 01:50 PM

how about insurance brokers? What do you think of that path?

careless7 · 01-07-2010, 02:04 PM

Another option...

I had a real estate lawyer contact who got sued by one of his clients, lost in court and decided to leave law. He sells Freedom 55 and does very well LOL.

sirex · 01-07-2010, 03:28 PM

if u need a real estate agent, or w/e it is they are called i might be able to help you out.. my cousin is doing that stuff for a few years now and shes pretty successfull from what ive seen..

hustler · 01-07-2010, 03:51 PM

Realtors have an amazingly high atrophy rate. In fact, depending on the board, typically well over 80% in the first year. The numbers also show that something like 5% of the agents earn 90% of the commission. It seems like either a strong real estate market, or a shitty job market drives people to consider alternate employment.

AMG Power: The courses to get a license take about 2 months each, and there are three of them. Then you basically get a learners permit, and in two years do some more courses and get a full license. From then on, every two years you do refresher courses. The most time consuming part of doing courses is waiting for the schedule to make the correct one come around.

Boss17: I know what you mean. At 29, and after a little more than 5 years at it, people are just starting to take me seriously. When I first started I was apparently too young to have any sort of credibility.

hockeyfan27 · 01-07-2010, 04:06 PM

Quote:

Originally Posted by AMG_POWER

how about insurance brokers? What do you think of that path?

If you find the right brokerage to work with you can do very well. The most important details are: markets available, commission split %, and portfolio ownership split (if any).

The insurance licence is fairly easy to maintain (8 hours of courses per year) and we are slightly insulated from the economic swings as the necessity for insurance always exists.

hustler · 01-07-2010, 04:13 PM

I would probably choose insurance if I had to do it over again. That being said, the internet insurance sales places would scare me.

I would definitely NOT have gone into real estate without family working in it, even working with my dad, the first two years were pretty slim.

hockeyfan27 · 01-07-2010, 04:36 PM

Back in "the good old days" you could have both your insurance and real estate licences. Still can if you had both and were 'grandfathered'. You can get your investments & financial licence and insurance as well.

Blackedout95 · 01-07-2010, 04:55 PM

Going on 11 years now, since I was 20.