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#2323486 - 06/19/17 07:52 AM Anybody a real estate agent?
ekim Offline
mopar

Registered: 02/15/03
Posts: 575
Loc: S E Michigan
I was recently laid off and there are 3 help wanted ads for real estate agents in the local paper. Any thoughts?

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#2323490 - 06/19/17 08:08 AM Re: Anybody a real estate agent? [Re: ekim]
19swinger70 Offline
master

Registered: 01/20/03
Posts: 3565
Loc: Richmond, Indiana
I'm not a real estate agent - but I am a 100% commissioned sales person.

You get paid when you sell something. Your expenses are your responsibility.
If you are able to take that on, and have a good personality, then go for it. If you need a steady paycheck and benefits, then it might not be for you.

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#2323500 - 06/19/17 08:35 AM Re: Anybody a real estate agent? [Re: ekim]
Challenger 1 Offline
Too Many Posts

Registered: 02/05/05
Posts: 27539
Loc: Cincinnati, Ohio
It's a thankless job and you get treated like a shady used car salesman. Oh yea you do not make much money.
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#2323505 - 06/19/17 08:45 AM Re: Anybody a real estate agent? [Re: Challenger 1]
19swinger70 Offline
master

Registered: 01/20/03
Posts: 3565
Loc: Richmond, Indiana
Originally Posted By Challenger 1
It's a thankless job and you get treated like a shady used car salesman. Oh yea you do not make much money.


To make real money, you have to own the agency. I'm in capital equipment sales, and own my agency. It's small now - but in 3 short years, things have way exceeded my expectations.

I wouldn't want to sell houses. The successful agents in my area sell houses, but also own rental properties. My guess is that they use their inside knowledge to buy cheap rentals before they hit the market.
_________________________
1970 340 swinger. sublime 1967 barracuda fastback BB project 55 Plymouth Project

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#2323562 - 06/19/17 10:41 AM Re: Anybody a real estate agent? [Re: 19swinger70]
Challenger 1 Offline
Too Many Posts

Registered: 02/05/05
Posts: 27539
Loc: Cincinnati, Ohio
Yup my wife is realtor and it seems most people in her office work other jobs too.

Rental properties are a major PIA, We have known plenty of people who bought rental property from her over the years. Most have sold them off because it is not a good way to get rich either.
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#2323567 - 06/19/17 10:58 AM Re: Anybody a real estate agent? [Re: ekim]
Orange_Crush Offline
Belieber!

Registered: 02/03/03
Posts: 17512
Loc: Charlotte, NC
Originally Posted By ekim
I was recently laid off and there are 3 help wanted ads for real estate agents in the local paper. Any thoughts?


In a good market and if you're a good salesman, there is a lot of money in it. There's also a lot of money in it if you are a broker, since you don't have to pay most of your commission to the firm.

Around here, the housing market is hot enough and the city is big enough that agents specialize in certain areas of town and/or certain types of homes. Some of them stick to starter homes and condos and make their money on volume, others specialize in high-end (1,000,000+) homes and and make money that way (though it's way harder to break in to that market).

Also, some agents specialize in listing and other's as buyer's agents.

It's not easy work. You will basically be working weekends and evenings because that's when people are looking at houses and you'd better be ready to show a house at a moment's notice.

RE agents earn every bit of the commission they make since they'll usually be "tied" to a client for a good long time. Our last agent worked with us for four months, and we looked at, at least, two houses every weekend...and some we looked at three or four times.

In other words, be ready to put up with a lot of crap. Even the easy-to-deal-with clients take a lot of hand holding.
_________________________
1970 Dodge Charger R/T Hemi Orange U-code 4-speed
1971 Jaguar E-Type Series 3 V-12 4-speed 2+2 Signal Red.

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#2323595 - 06/19/17 11:49 AM Re: Anybody a real estate agent? [Re: 19swinger70]
wldgtx Offline
top fuel

Registered: 11/08/04
Posts: 2222
Loc: Clarkston, MI
Originally Posted By 19swinger70
I'm not a real estate agent - but I am a 100% commissioned sales person.

You get paid when you sell something. Your expenses are your responsibility.
If you are able to take that on, and have a good personality, then go for it. If you need a steady paycheck and benefits, then it might not be for you.


Several years ago, my boss offered me to go 100% commission with similar parameters you mentioned. The following year I made more money than I did in any year prior. I say that in retrospect, but there is something intoxicating about getting 32% of the margin of whatever you sell.
_________________________
1968 GTX Hemi, 4 spd
1970 Challenger R/T SE

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#2324084 - 06/20/17 09:04 AM Re: Anybody a real estate agent? [Re: wldgtx]
ekim Offline
mopar

Registered: 02/15/03
Posts: 575
Loc: S E Michigan
Any other thoughts?

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#2324150 - 06/20/17 10:42 AM Re: Anybody a real estate agent? [Re: ekim]
4mayhemi Offline
member

Registered: 11/28/16
Posts: 161
Loc: between the coasts
Are you sticking in the same field or switching careers, or looking to just pay the bills? Without a realtor/broker license and experience you'll basically be the agent's/brokerage's guy that sits during the Sunday open house when nobody shows because the football game is on, or making copies putting together market analyses.

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#2324254 - 06/20/17 02:15 PM Re: Anybody a real estate agent? [Re: 4mayhemi]
ekim Offline
mopar

Registered: 02/15/03
Posts: 575
Loc: S E Michigan
I was working at an engine plant but I was laid off so Im just seeing whats available for a 52 year old who has been a forklift drive for 20+ yrs.
I wouldnt mind staying at a house on a Sun. as long as I get paid!

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#2324307 - 06/20/17 03:58 PM Re: Anybody a real estate agent? [Re: ekim]
Neil Offline
I Live Here

Registered: 01/19/03
Posts: 11847
Loc: Eagle, Idaho
I met an Architect years ago that tried it as it looks easy from the outside, especially compared to being an Architect. As the new person with no clientele it's a steep road to climb. They told me they ran their but off for a year and barely made 25k. Tons of driving so factor in gas a vehicle wear too.

Maybe with more time the job gets better/easier? I had friends in high school who's parents were realtors and they had money to burn.

The commercial real estate guys seem to have it better than the residential types.

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#2324441 - 06/20/17 09:33 PM Re: Anybody a real estate agent? [Re: ekim]
4mayhemi Offline
member

Registered: 11/28/16
Posts: 161
Loc: between the coasts
Originally Posted By ekim
Im just seeing whats available for a 52 year old who has been a forklift drive for 20+ yrs.

That bites. Have you looked into logistics? My wife is in HR and they can't find enough forklift drivers (dependable and citizens). In Chicagoland distribution/contract manufacturers are sprouting like dandelions. Are you close enough to Toledo or Detroit metro? I've been to Detroit area a few times recently and western suburbia is a fairly healthy market.
Also, places like Menards value forklift drivers. I'm sure any of them may not equal your previous rate but could be a stopgap.

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#2324462 - 06/20/17 09:59 PM Re: Anybody a real estate agent? [Re: ekim]
Pacnorthcuda Offline
I Live Here

Registered: 11/19/07
Posts: 18000
Loc: Kirkland, Washington
Originally Posted By ekim
Any other thoughts?


It depends on your local market. I'm in Seattle and in two weeks will be putting our home on the market for $750,000. It will sell within an agreed offer period (1 week) for over list.
The listing agent will make quick $ but getting a listing isn't easy. Everybody has buyers here.

But Seattle is the hottest market in country right now, so if you can get listings (sellers) you're doing great, if buyers, not so much

Other markets you're wanting buyers.


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#2324829 - 06/21/17 03:34 PM Re: Anybody a real estate agent? [Re: Pacnorthcuda]
Morty426 Offline
master

Registered: 03/12/08
Posts: 6429
Loc: Sacramento CA
Originally Posted By Pacnorthcuda
Originally Posted By ekim
Any other thoughts?


It depends on your local market. I'm in Seattle and in two weeks will be putting our home on the market for $750,000. It will sell within an agreed offer period (1 week) for over list.
The listing agent will make quick $ but getting a listing isn't easy. Everybody has buyers here.

But Seattle is the hottest market in country right now, so if you can get listings (sellers) you're doing great, if buyers, not so much

Other markets you're wanting buyers.



And then where you going to go?

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#2324905 - 06/21/17 06:37 PM Re: Anybody a real estate agent? [Re: ekim]
QuickDodge Offline
super stock

Registered: 12/14/05
Posts: 965
Loc: Cruising!
The real estate market in this area seems to be doing fairly well currently. Lower priced homes are selling fairly quickly.

I know a realtor quite well. She LOVES real estate!!! She LOVES just about every aspect of her work!! Of course, she loves helping people and she loves sales work. She works many hours per week, but she just LOVES it! For her, real estate is a wonderful job!!

This realtor's one (and only) complaint is that her time is never her own. She must always be ready to drop whatever she is doing and go show a home. For her, that is a very small price to pay.

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#2324924 - 06/21/17 07:35 PM Re: Anybody a real estate agent? [Re: ekim]
mopacltd Offline
pro stock

Registered: 10/01/03
Posts: 1268
Loc: yarnell,az
Here in AZ you have to pay for you schooling to get a license to sell real estate. And that took a number of months and was not cheap.

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