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Best way to become a realtor?

Best way to become a realtor? Topic: Pay someone to take my online class for me
July 22, 2019 / By Kailey
Question: My girlfriend is interested in becoming a realtor. I have done some research and it seems like you can take online classes for a few hundred and take the test for another couple hundred? Is this the most common/recommended way? Is it easy to get a job as a realtor with a company like re/max? or should you try to do it on your own? Any suggestions would be great, especially from younger or older realtors!!! Thanks
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Best Answers: Best way to become a realtor?

Gwenneth Gwenneth | 10 days ago
It really doesn't matter how you take the class - online or in person. If your girlfriend is disciplined enough to sit on a computer and do the assignments and stuff, then she should just do that because she can do it on her own time without having to go to class in person. There is no "easier" brokerage. You choose the brokerage that fits your needs. If you don't feel like you need training, then you might not want a brokerage that specializes in grooming each agent (smaller brokerages). If you want the brand notoriety, then you might want to go with big names like RE/MAX and Prudential, but they come at a higher MONTHLY price tag than other brokerages. There are also different business models of brokerages. In some brokerages, you pay all your advertising expenses, other brokerages pay all your advertising. Some brokerages charge a flat rate fee off each commission, others take a cut. I know a brokerage that pays for all the advertising, MLS listing fees etc, and they take a 50% cut of each commission. So it depends on what works best for you and how much volume and start up money you have. Obviously if you don't have startup capital, you might consider starting with a brokerage that pays your advertising etc, but takes a huge chunk out of each commission. Also, I always recommend that new agents put up flyers (with little cut outs at bottom for them to pull off the info) introducing yourself and stating that you do open houses. You will not get paid if the open house leads to a sale, but usually you are entitled to keep the buyers you meet at the open house if they didn't like the house but are looking for an agent to represent them and show them homes. This is a great way to generate leads and to open yourself up to new clients you would never have had without open houses. You might also want to work as part of a team (yes there are agent teams) and so you all take a cut of everything you all share. Teams exist for people with a lot of clients and inventory and need more than just themselves to handle it all. Also, people often think "a client is a client!". Don't think like that. You have to evaluate how much YOU think your time is worth. If you think you should have no life and just be at the beck and call of clients, go ahead. But if you value your personal time and also want a life outside of work, then you need to learn to prioritize and choose your clients wisely. Someone you show 20 houses to in 2 weeks who have shown absolutely no interest in buying just yet, might not buy for months/years. You need to be able to gauge the likelihood of a client buying, or if they're just d*cking you around. Your time is worth something, so don't give it up just because you think you can make a deal happen.
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Gwenneth Originally Answered: Realtor licence?
YES FOR ONLY $1,500.00 YOU TOO CAN SELL REAL ESTATE! This is the great lie all realtors are told! Yes, for $1,500.00 you can take classes (at least that’s the cost in Birmingham, Alabama) to learn everything you need to get your license, but not much on what it really takes to sell homes. Most experienced agent do not want to bother with newer agents. When I first started, over two years ago, I was with a different company (Birmingham’s largest real estate company at the time) and I remember asking some of the older agents for help. While a few would help, for the most part, I was told, you just got your license, you should know what you’re doing. Now I’m with Keller Williams Realty, North America’s fastest growing realty company, and since it is the only realty company with profit sharing, every agent in the office has a financial gain in how well that office does, so everyone is more then willing to help out, but more on Keller Williams later. First we will talk about what it takes to be a realtor, then we will talk cost – for if you do not have what it takes, you will be throwing money away, no matter what the cost is. If you have what it takes, it is well worth the cost!!! You should be out-going, not afraid to talk with strangers you meet in the mall, stores, etc. You can’t get all bummed out with rejections, trust me, you will get allot of rejections in this line of business. You also need to be a good teacher as well as a good listener. And most of all, if you can remain calm when the world around you is going to pieces, you will make a good realtor. If you read some of the questions and answers from Yahoo, you will see EVERYTHING is the realtor’s fault, and allot of times, this is true, not because realtors are bad people or trying to pull something (although some do). It is because the realtor did not take the time to explain to the Buyer/Seller how it all works, then if something goes wrong the client has no clue and feel they have been cheated. Also, before I forget, EVERY realtor, works for a Broker, that is just how it works, but you will learn that in realty school. In Alabama you can not be a Broker until you been an agent for at least two years COST My first year I invested a total of $5,000.00 (Spread out over the year) over and above the cost of my classes and I only pulled in $3,000.00. For a total net income of minus $2,000.00 plus or minus a few hundred. This year, so far, I spent $2000.00 and made, to date $30,000.00. Next year I plan on doing even better! As you can see, it cost money, but the rewards, well, they speak for them self! Most real estate companies have what is called OT time (Opportunity Time). The way this works is, you are the agent of the day. You sit in the office and answer the phone. You mostly end up setting up showings for other agents listings, but if a call comes in with someone looking to sell or buy a home, you get that lead, remember, it is only a lead, it is up to you to turn in into a sale or listing. This is only an OK way to get clients. The BEST way is through marketing yourself. That is mainly where the bulk of my budget goes, to marketing myself. If you remember earlier, I said each Keller Williams agent has a stake in how well the office does, I think, most Keller Williams agents are helping other people not just because of the profit sharing, but because this is just the type of people Keller Williams attracts! Keller Williams culture and belief is WI4C2TS W – Win-Win – or no deal ( make it a winning deal for everyone) I – Integrity – Do the right thing C – Commitment – In all things C – Communication – Seek first to understand C – Creativity – Ideas before results C – Customers – Always come first (This one I truly believe in) T – Team Work – Together Everyone Achieves More (another one I truly believe in) T – Trust Starts with Honesty S – Success – Results through people Keller Williams has some GREAT in house training on how to get listings and market yourself, just to name two of its many classes. Best of all, if offers passive income through profit sharing! Real estate is not for everyone, but it is a good business to be in, and yes, it is not a job, nor truly a career, it is a business you need to work and grow. True, you work for a broker, but you work as an independent. Most Brokers could care less if your selling or not, you pay a fee just to be in the office on top of your commission splits, so the brokers are not loosing any money on you. The most common split is 60/40 – you keep 60 and the broker gets 40. Some companies will let you keep 95 to 100%, but the monthly fee is like $1000.00. Each office is different. Keller Williams offers 70/30 splits for new agents, (Monthly fee, called a desk fee is $30.00- once again each office is different) then after you paid a set dollar amount for the year ($19,500.00 for my office) then you get to keep 100% for the rest of your anniversary year. You can, however start off at a 90/10 split, BUT then you must guarantee to pay that set amount. So for me, If I took the 90/10 split and only earned enough to have paid $17,500.00 in commissions to my office, at the end of my anniversary year, I would have to write a check to Keller Williams for $2,000.00. It is for this reason a 90/10 split is not recommended for newer agents, in fact, some Keller Williams brokers will not let new agents get the 90/10 split for that very reason. Interview with Keller Williams Realty The only real estate company that offers profit sharing GREAT company to work for, GREAT training on how to market yourself, in any market. If you would like more info on a career with Keller Williams Realty, go to my web page http://www.pauld-kw.com and on the top you will see "Sell a Property" Click on that, then click on "A career with Keller Williams" I think you will be very impressed. You can also e-mail or call me and I will be more then happy to talk to you about Keller Williams or send you some more information. [email protected] If you do look into Keller Williams because of the information and end up going with them, remember my name when they ask, who would you like to be your sponsor. Just say Paul D. Dziedzic. BEST of luck with your new career!
Gwenneth Originally Answered: Realtor licence?
I have mine. The major change among this and different jobs is that you're an independant contractor, you handiest receives a commission when you produce. Because of this specific obstacle, you'll have countless brokerages serious about having you come back aboard, as a substitute than stumping for jobs. The cash depends upon you. If you recognize many folks, have powerful interpersonal conversation talents and a force to get matters performed, you can also do good. If you're an introvert, could goof off as a substitute than paintings due to the fact there is not any time clock and nobody keeping you liable, you customarily will fail in brief order. I love serving to folks with their targets and desires, there's not anything like handing the keys to anybody who has simply bought a dwelling. My dislikes? People who anticipate me to paintings at no cost.

Dindraine Dindraine
A few things to consider: 1. All real estate companies charge a fee and/or keep a % of the commission, so it is not nearly as lucrative to be in the business as it seems 2. Most clients want/expect you to cut your commission 3. Companies advertise THEIR name, not the agent, so the agent is responsible for his/her own advertising, which can be very expensive 4. Most likely, current agents will not help new agents. I asked an agent if I could go with them on a listing appointment, the answer was no. Even though you are working for the same company, everyone is afraid you will cannabilize their next deal. Expect to have to "learn-as-you-go" 4. Unless you already know MANY people who are going to buy or sell a home, good luck! 5. Few agents make most of the money. This is very true. 6. Expect to work lots and not get paid for it. I have listings that have received many contracts, but none have closed. I have showed many homes, but the offer was not accepted, or the shopper was not interested after all. Lots of time and effort, but no pay. My best suggestion would be: Work for a new home builder or at an apartment community. The home builder will help a new person most, an apartment community will pay a regular (dependable) pay check. -- I wish I had this advice when I started!
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Carine Carine
Yes...either look on the Internet for Realtor Training or, contact your local branch of the NAR - National Association of Realtors. Good Luck...
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Carine Originally Answered: Cheaper with or without a Realtor?
As the buyer you would not normally be required to pay a real estate agent. The seller would normally pay for the services of the real estate agent. You may contact areal estate agent to assist you in the purchase of your house without a real estate commission cost to you. Buying a house is a step by step process, this is the first step you should take in order to purchase a house. The rest of the steps will fall in place, no matter the type of property you are purchasing. In order to find out the type of loan programs you are qualified for you will have to fill out a loan application, with a mortgage broker, which you can find one in your local telephone book. Make sure this mortgage broker or mortgage banker is able to do government loans such as FHA and VA loans if you qualify for one. With a VA mortgage loan you are not required to have a down payment, this will save you on closing cost. He will fill out this application, which takes awhile so grab your favorite beverage and sit down. Once you have completed the application, he will run your credit report which will have your credit scores. These credit scores will determine your interest rate. The amount of your monthly debt payments you are required to pay as per your credit report and the amount of mortgage you can take on based on your income will determine the amount of house you will be able to purchase. When you speak with the mortgage broker you will need the following documents to complete the loan application, there will be others, but this will get you started. #1 One month of pay stubs for each person that will be on the mortgage. #2 Six months bank statements from each bank in which you bank as well as statements from any 401K from you place of employment. #3 Two years of federal income tax along with the W-2 that match. Once he has all that he need to do he can then issue you a pre-approval letter so you can purchase a home. In this pre-approval letter will be the amount of house you are qualified to purchased. Once he gives you this pre-approval you may now find a real estate agent to find yourself a home or he might have a referral. Now make sure before you get your pre-approval you and your mortgage broker go over all your options as to the mortgage programs you qualify for, the interest rate, monthly payments. If you are getting a FHA, fixed rate, two loans to eliminate PMI like an 80/20 or one loan, if you are qualified for and approved for a 100% loan. You should select the loan that best suit your financial condition at the time. That could be an adjustable rate loan. It could be a fixed rate loan for 5 or 10 years and then adjust. Some adjustable rate mortgages only adjust once. Make sure your mortgage broker explain all your options so you may make an intelligent decision. What might be good for one person might not be good for you, in other words just because your friends and all your real estate buddies are telling you about the great fixed rate they got, your financial situation might call for something else. So select the best option for you and your financial situation. You should also get a Good Faith Estimate (GFE) which will indicate the cost you will have to pay for getting this loan. It will also indicate the amount of your down payment. Once you have found a home the real estate agent will then prepare a contract for you and the seller to sign. Your mortgage broker will now order an appraisal to show proof of the property value. The mortgage broker might ask for additional information or documentation, don't get all up tight this is normal, just supply the information or find the documents needed. After the appraisal has been completed you will be called by your mortgage broker to sign your loan docs so you can take possession of your new home. Before signing any loan docs make sure they say exactly what you and your mortgage broker went over when you decided on what mortgage program was best for you. I hope this has been of some benefit to you, good luck "FIGHT ON"

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