Jump to content


What's with the ads?

Photo
- - - - -

Anyone here a real estate agent?


6 replies to this topic

What's with the ads?

#1 Sassenach

Sassenach

    Dinna Fash Yourself

  • Members
  • PipPipPipPip
  • 6029 posts

Posted 19 June 2017 - 02:56 PM

I'm trying to think through possible career avenues for my post homeschooling life. Real estate is strong in my area. We're among the first to rebound anytime the market takes a hit. What appeals about it is its flexibility and that it can be potentially very lucrative, and it doesn't require years in school. But I don't feel like I know enough about it to know if it would be a fit.

 

I'd love to hear more about it!



#2 Anne in CA

Anne in CA

    Hive Mind Queen Bee

  • Members
  • PipPipPipPip
  • 5357 posts

Posted 19 June 2017 - 04:02 PM

I have had several friends do real estate as an empty nest career. Some have done very well. The thing that will make you successful or not is service. You do have to realize you are serving clients. My friends who have done well BUSTED TAIL on customer service. In this area women do have an edge, and a perceptive woman can understand what people really want and help make that happen. 


  • Sassenach likes this

#3 Calm37

Calm37

    Hive Mind Level 5 Worker: Forager Bee

  • Members
  • PipPip
  • 548 posts

Posted 19 June 2017 - 04:27 PM

You mentioned flexibility and I think that is a misunderstanding. You have to be available when the client wants you. They can also be very demanding about that!


  • Sassenach, TechWife, onelittlemonkey and 3 others like this

#4 ashfern

ashfern

    Hive Mind Level 5 Worker: Forager Bee

  • Members
  • PipPip
  • 1333 posts

Posted 19 June 2017 - 07:57 PM

If you hustle and work really hard you can make good money. It's not very flexible. Most buyers will want to look at houses on the weekends. You are on their schedule. I've had many buyers where I show them the exact house that they described to me but they found something wrong with it. I now only do anything for my husband's investing company. Working for the sellers is about the same. You have to really hustle to get your name out there for listings. Some sellers are great and others require a lot of hand-holding through the entire process. It can be a great career choice for the right person. My friend is great but her kids are grown so she had a lot more flexibility that I do. 



#5 The Girls' Mom

The Girls' Mom

    Hive Mind Queen Bee

  • Members
  • PipPipPip
  • 4811 posts

Posted 19 June 2017 - 08:12 PM

I'm not an agent, but I work for a real estate group.  They work their butts off.  Good agents can make a good deal of money, but it really takes a LOT of work.  In our group I see agents come into the office at 9AM, get their day rolling, go off to work with clients, and not get home until 7 or 8PM...that can be 6 or 7 days a week.  

 

Not to discourage you, but it can really take over your life.  It is hard to do it "light" and keep a client base.

 

ETA:  I do work with people that love their jobs, and it is a rewarding career.  It just takes the right people.  

 


Edited by The Girls' Mom, 19 June 2017 - 08:19 PM.

  • happypamama likes this

#6 G5052

G5052

    Retired Homeschool Mom -- they're in college!

  • Members
  • PipPipPipPipPip
  • 8949 posts

Posted 19 June 2017 - 09:06 PM

It's not something I'd be into, but yes, if you're willing to work very hard with weekend and evening hours, you can do very well.

 

My neighbor down the road started very part-time when her oldest started college and ramped it up when his younger brother graduated from high school., Of course in the downturn she struggled, but now she makes more than her husband!



#7 happypamama

happypamama

    Hive Mind Queen Bee

  • Members
  • PipPipPipPipPip
  • 9026 posts

Posted 19 June 2017 - 10:25 PM

I hold a license to sell real estate. It's expired though. I got it because when we bought our first house, we bought it through the listing agent, and she offered me a job as her administrative assistant. She was a well established agent who liked to travel a lot, so she had her assistant do a lot of showings for her, which requires a license in our state.

It wasn't hard to get the license. Granted, this was sixteen years ago, but it was simply two classes, each 30 hours, with tests at the end of each. I took them simultaneously, three hours a day total, four days a week, five weeks. Then I took an exam (which I found easy to pass) and had our cooperating broker agree to take me on.

At the time, there were two models of agent. One was that you kept all of your earnings but paid rent, your own marketing supplies, etc. That's how our office worked, and it was better once you got well established. The other model was to give a set percentage of your earnings to your broker's office, but they would cover your expenses. This was nicer for newbies. My boss treated me like the latter. I got all of her lower priced buyers (under 200K -- this was in major wealthy suburbs), and she walked me thorough the process, and kept a percentage of my earnings. It was a win-win.

Now, to make money, you have to work pretty hard. Yes, hours are flexible, but you also have to be willing to work evenings and weekends because that's what people have available. People are picky, and you have to understand what they're saying without them actually saying it. You have to be continually trying to market yourself and find new clients. You might list a house, show it a bunch of times, and then have your sellers decide not to sell after all, which means you may not get paid. Or you may spend a lot of time with buyers before they find The One. Otoh, sometimes listings sell really quickly, or the buyers are sweet and easy. It helps to be somewhat assertive because you'll need to represent your clients' best interests, but you also have to be level headed because some other agents are snakes. It helps to be a people person because you're always going to need to have contacts for mortgages, inspections, etc. A good agent really makes the move to a new area easier. I know ours did several times. It is fun to see different houses and picture a family in them.

I liked the job okay, but it didn't bother me to leave when I had my daughter. I don't know that I'd go back to it, but I'm very introverted and have no desire to make small talk with people I don't know well. If you enjoy meeting new people, you might really like it.