Because of homes doubling in price and foreclosures I'm considering dropping my real estate license?
Question:
Are you a real estate agent? How difficult was it for you to get started? I've heard very few agents work while 75% just have real estate companies holding their licenses while they are inactive. Your comments please.
Answer:
Now is a tough time for real estate agents. I have my broker's license just for kicks and pay MLS. I dropped the fees for joining my local Realtor board so I cannot use a Realtor designation, big deal. I work in r.e. foreclosures, not as a salesperson, although I like having MLS. I made 2k this year from my broker's license for a referral, after costs for MLS it is pretty negligble. In the next year I will probably buy a house and guess who is keeping the 8k-10k sales broker's commission, me. Real estate sales pretty much follow the 80/20 rule, 20% of the agents make 80% of the money. Some agents make nothing. Now is an especially tough time for new agents, but there are people making money. Not everyone is made for sales or working on commission. It can really blow when you go a few months without a paycheck. If I were you I would work something else full time and try to develop my real estate career part-time, find a good office and get a mentor. I would keep the license it is only a couple hundred bucks a year to stay active. If you ran into one deal a year it would be worth it.
renew your license, its the right thing to do.
WTF?
depends on where you live totally. I'd still keep it.
new home starts are down,this will help existing home sales...look for a turn-around in about 18 months...
You'll be kicking yourself when real estate makes a come back.
You're looking at the glass as half empty. Doesn' the rise in prices give you a great opportunity to make more money?
hold ur license u never know when the real estate market will get better and lots of ppl are taking advantage of the foreclosures to buy close to new homes i advise u to renew ur license
go ahead and get them.maybe you could work with another company or use them later...it been going up and down and might go up again.
you most definetly stay in the biz, I am not a agent but I study the real estate biz, in runs in cycles, so you got to think out of the box and find ways to make money in this part of the cycle. my neighbor is a realtor and she manages property on the side, it provides incomes during slow markets. there are also classes you can take to give you a fresh start, you just have to get off your duff and go get them, SO DO IT KNOW!
Real estate always goes in cycles - right now it's a "down" market. It will pick back up - a real estate sales license is too valuable a thing and much too easy to keep to just let it go because of what the market is currently doing. The market won't stay like this forever.
My advice is, if you already have it - keep it.
Stop selling for somebody to somebody. Start BUYING. Get ME started.
I wish you lived and worked around here where I'm at.I sure could "use" a good friend and a knowledgeable one!There are alot of homes around here for sale but in my opinion the real estate agents around here are all "too good" to help out or work with those that don't have alot of money or are just starting out.I think part of it is because they all got dollar signs in their eyes when BIG homes (i;m talking 6 digit figures starting price) were built and going up quick ,when this town assumed they were most definitely being voted in for a new casino to be built here.Now they have ALOT of high dollar homes to sale and no high rollers moving here!Now this town is tearing down homes ,a whole block at a time and building homes to attract more of the middle to low income class!I have been wanting to find out about the goverment "grant" that is supposed to be available for first time home owners\buyers.The HUD agency has info. on it but you have to be on one of their programs first before they will give you any information (probably because they like to buy homes that families lose).I am not a realator but my opinion is that you should keep your license(and move here!LOL).
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