Realtors: I want to become a realtor so badly. However, I can’t afford to quit my full time job. Am I in over my head? |
- I want to become a realtor so badly. However, I can’t afford to quit my full time job. Am I in over my head?
- What do you do about clients who are too picky for their budget?
- Why do I feel like my clients hate me?
- Creating an LLC
- Anyone using BrokerMetrics to recruit?
- Expense tracking
- Need some guidance Please!
- What do Agents look for in a Title Company?
- Got my first potential client...maybe? Would appreciate some insight.
- Networking/Starting Out
- Anyone successfully negotiate out a premium lot fee?
- [FL] Trying to help my mom, a relatively new Real Estate Agent
- [Dallas, TX] What do you like about your brokerage?
| Posted: 04 Jan 2021 07:44 AM PST I currently live and breath real estate as much as possible. I am constantly researching the market and my area in my free time. I feel that I have a solid grasp on the market. I have a deep desire to become an agent, but I am feeling somewhat discouraged by some common themes I keep reading (no transactions in the first year, etc). I currently work 36 hours Monday through Thursday and quitting my job is not an option (at this time). My husband and I are in the process of building a home and quitting my job before our loan is processed is not possible. We also need my salary for the mortgage. My hope is that I can get my license and start putting in as much effort as possible in my off hours. I have a very flexible work from home job that allows me to create my own schedule (to an extent - I can choose when my meetings are). Taking a few hours off in the work week is very feasible. My plan would be to get my license and spend Friday through Sunday (and after work Monday through Thursday) doing open houses, calling FSBO's and expired listings, door knocking (post covid), and marketing (flyers, social media, email newsletters etc). My husband is also a software engineer and can build me a website for free. I've read several posts that insist it's nearly impossible to become an agent while working full time. However, I don't have another option. I am a very driven person and don't need free time. Spending all my time essentially working a second job does not scare me. Eventually (once I have enough transactions under my belt) I would quit my job and become an agent full time. My other concerns are fees, and choosing a broker. I am strongly considering KW based on the positive things I have read regarding their willingness to help new agents succeed. I do have concerns about not being able to show my face Monday through Thursday at the office, as I assume this will hurt my ability to network and get leads. Plus, this is all under the assumption they are willing to work with a part time agent (I have yet to speak to anybody about this). Lastly, I live in a very competitive housing market (Colorado). I am sure the competition for agents is astounding here. I have a feeling if I start calling FSBO's and sending flyers I will be one of many, many other agents doing the same thing. How do I stand out without any experience? Is joining a team a good starting option? I have also consisted becoming a new home counselor for a new build (i.e., Lennar, Richmond etc). Am I in over my head? It's either this or graduate school. I have a very stagnant job that does not feel like something I can do forever. I'm young enough that following my dreams seems worth pursuing. I feel like I have very little to lose. Any advice is appreciated! [link] [comments] |
| What do you do about clients who are too picky for their budget? Posted: 04 Jan 2021 01:31 AM PST My parents are looking to move and got approved for $275,000 and their realtor as well as I (studying for my real estate license) have been finding a lot of nice houses in nice, quiet neighborhoods for around $260,000 to $220,000, But my mom is being super picky mainly because early on she fell in love with this house that was extensively renovated with a salt water pool for $310,000. Long story short they bid $305,000 and got rejected. Now every house we look at is "not my dream home" or "doesn't have what I want" or it's too far or too old or too big or too small. Both our poor realtor and myself have both told her that she may not find a house with everything she wants in their budget and that having a pool in the backyard increases the price and that a community pool would be a good compromise.....but of course my mom won't hear it.......how do you work with clients like that??? [link] [comments] |
| Why do I feel like my clients hate me? Posted: 04 Jan 2021 10:35 AM PST Title says it all really. I know this is a limiting belief but I can't seem to push past it. I am hesitant to ask for reviews bc of this. Even though they all seem happy at the end of the transaction...we know it can be a bumpy ride, and I feel like especially in today's crazy market my clients blame me for issues (none have expressed this out right). [link] [comments] |
| Posted: 04 Jan 2021 10:11 AM PST Hello, I am a new agent and about sign the Agent Agreement with the Broker. After reading the agreement I realized that the Broker assumes very little of the liabilities associated with real estate and places much of the liability on the Agent. To avoid any personal liability on my part I was considering incorporating, an LLC perhaps. Did any of you incorporate or have any experience with the process? And did you create a new bank account in the name of your corporation for commissions and expenses? Thank you in advance. [link] [comments] |
| Anyone using BrokerMetrics to recruit? Posted: 04 Jan 2021 09:34 AM PST I've just moved into a management/recruiting role and I'm trying to track down anyone who might use BrokerMetrics for recruiting agents to your brokerage. Do you find it effective? Do you think it has helped you to source and retain talent? What is the approximate cost? I can't seem to find the cost published anywhere. Thanks for any insight you can provide. [link] [comments] |
| Posted: 04 Jan 2021 09:27 AM PST Hi all, I just got my license and was wondering what the best expense app to use is? I'd like to scan receipts and track mileage. What are you all using? [link] [comments] |
| Posted: 04 Jan 2021 08:59 AM PST I've recently became licensed in NC. I've interviewed a ton of firms and narrowed down to 2 that I want to associate with. One has really low fees and they practice all forms of agency and they have a really good culture but they are remote. I also really like the BIC and seems that she would make a great mentor. The other firm is a more strict firm with a good atmosphere. They are a small firm but do really high volume for how many agents they have. There I would strictly be a buyers agent and would have to go through 90 total days of training without any freedom in my schedule. My job would strictly be to get buyers in get them approved with a lender, get them under an agency agreement and then they are handed off to the "closing team" that takes over from there. Both firms have ups and downs. The second firm I'm pretty much guaranteed to make good money my first year in. But there are a ton of negatives and not really sure which way to go. Any advice would be greatly appreciated. [link] [comments] |
| What do Agents look for in a Title Company? Posted: 03 Jan 2021 05:47 PM PST I'm a title agent and I'm curious what do agents look for in a title company? What type of value do they add to you and your business? Are they classes? If so what type? Are they business development ideas? How? Any advice would be greatly appreciated. Thank you! [link] [comments] |
| Got my first potential client...maybe? Would appreciate some insight. Posted: 03 Jan 2021 02:16 PM PST New agent here! I was so excited that I got a referral from my sphere of influence. I talked to the guy, there's a bit of a language barrier but I did my best. He wants to sell his condo and buy another one that's newer. I suggested that the best path forward is to list his condo while searching for a new one. We can also put in a subject clauses. He agreed to have me come over to check out his condo and bring paper work. After we hung up he called me back within a couple minutes and said his wife said they don't want to list yet, they just want to see what's out there on the market. I didn't push back or handle the objection at all. He said once they see what's out there then maybe they will list. I agreed and sent him over listings that meet his criteria. I felt like this was the best thing to do because it doesn't seem like they are all that serious. And if I tried to pursuade him it would leave a bad taste in their mouth since I can tell they aren't really that serious about listing. I feel like it would be good to preserve the relationship. On the other hand I feel like I could have convinced him to list his condo. Maybe this would create some urgency and move the needle on their decision making process. What do you all think? What could I have done better? Should I have pushed a little more? [link] [comments] |
| Posted: 04 Jan 2021 04:22 AM PST Hey everyone! Recently joined a team and the Team Leader is asking me to add a large number of people to the team network. I can't disclose the amount but it's a lot more people than I know. Do you have any ideas on how to expand your network? I'm a young guy so not many people my age are looking to buy homes or know people who are looking to buy. Thanks! [link] [comments] |
| Anyone successfully negotiate out a premium lot fee? Posted: 03 Jan 2021 09:32 PM PST I'm looking at a new custom build but the premium lot fee is 35k. Has anyone been successful in negotiating this out of their purchase agreement? If so, any tips for success? [link] [comments] |
| [FL] Trying to help my mom, a relatively new Real Estate Agent Posted: 03 Jan 2021 06:58 PM PST Hey friends, I've read through many posts in this sub, and it seems like you guys are a really great community! So I was wondering if I could get some advice regarding my mom's business. She's a licensed realtor in Florida, only a couple years in. She's trying to do it full time but is still generating most of her income doing handyman/home repairs (where she receives a 1099). She recently told me how much she's expecting to pay in taxes and it's absurd, especially with how little she's making. Since I personally have an S-Corp in a different field (recording studio/music), I'm convinced she can keep more of her earnings if she created a business for herself. My grand idea was to create an LLC for her as a Realtor, and add a DBA for her home repair services. Is this plausible? What do you guys recommend for her situation? Some ladies at her office were telling her that she doesn't need an LLC until she starts making a certain amount of sales, but it seems to me like a win-win for her to set this up as early as possible so that she doesn't have to pay back everything she earns in taxes! But again, this isn't really my field so please let me know what you guys do personally and if you have any suggestions for her situation. Thanks! [link] [comments] |
| [Dallas, TX] What do you like about your brokerage? Posted: 03 Jan 2021 02:37 PM PST Happy New Year. I'm planning to move to a new brokerage at some point this year; I don't want to get into why I'm leaving. I really want to hear about what you like about your brokerage. I'm not overly concerned with the splits if they offer some value for what they get. Feel free to DM me the name of your brokerage if you'd like to keep it private. I've been with a KW office in the past so you don't need to give me the full pitch on KW, but if you like your office feel free to tell me why. [link] [comments] |
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