Belt Auction

Getting my real estate liscense? NEED SOME ADVICE?

So, Ive put this off for about 3 years now, but I always come back to it! I know the market is in an all time low, but hopefully by the time I get liscenced and trained it will be back to normal. Anyway, how much can a realtor make in their first year.....an average amount? Where is the best place to go through....ex. century 21, remax..etc? Is there any options where you can work part time at home and part time in the office? Thanks! yeah...i dont work now anyway...we are living off of what my husband makes..so, i think i will be okay

Public Comments

1. Your first year you would be lucky to make 3 sales so figure about $3,000-$12,000 for the first year. You will probably need to supplement with a part time job while you are starting out. As far as the different companies you can work for I can only say try to work for the smallest company, with the highest commission structure you can. A huge factor in how well you do is how proactive you are at promoting yourself as a business. Lets be honest everyone knows a realtor, someone that's a family member or long time friend. So you will be competing against long time relationships. Don't get discouraged though, keep plugging away, let everyone know you can help them with their real estate issues. Hand out business cards like they were candy on halloween. Give everyone notice you are available and make a list of semi-interested contacts, that you can call when things get slow for you.
2. All brokers are the same. For the first year, sad to say, it is all expense because you are learning the trade on all phase of it. The second year, if you didn't learn a lot the first year will be expenses too. This is a business, and you have to have an eagle eye to success in this business. Strategy and more strategy plus money ready to be spent ( because this is really a luxurious business).on seminars you have to attend, on business attires you have to wear, on car's mileage and gas, on time, association's membership, more studying, advertisements, business cards, websites, fees(several of them), equipments like printers, fax machines, contracts copies, signs, inks for printing flyers, and many more. This job is for retired folks and not for people that has family and small kids that they need to send to school. This is fun to do but very espensive as well. Real Estate Brokers mostly don't like part time realtors because that means that their income is going to be small. You will probably find a broker that will say ok for part time if you have clients at the time you are applying to them, but they prefer a full time real estate agents.
3. Look, every brokerage has their ups and downs. Some help the agents, others don't. Check out the major ones in your area to see what they offer. Each one will be different on commission splits and fees. Find out which one works for you and don't sign up with any until you're positive that you want to work there. Check out the web sites to see what each site offers for consumers. Have fun!
4. Congrats on making the big move, real estate can be both rewarding and sometime a little challenging. I am the productivity coach for our office in Austin and I will tell you that if you do the basics of lead generation and are committed to doing the business real estate is limitless. I have agents in the coaching program that have just started in the busines that are on target for more then 60K a year, but that is really dependant on what you are actually doing in the business, for me 60K is a minimum number I want my agents to reach. I persoanlly think that you should come to Keller Williams Realty as it is the best agent driven company. Please feel free to email me back for a no obligation discussion. have a great day!