Re: Attn: All current/past RE Agents/Brokers… - Posted by Carmen
Posted by Carmen on April 15, 1999 at 15:14:27:
As a former RE Agent (Florida requires that you have an Agent’s license for a year before becoming a broker), let me say that RobFL is absolutely right.
First, very few brokers will take you “part time”. And don’t expect to get ANY training. Also, if you don’t list (which is not your main interest, I don’t think), you won’t last long. And I hated listing. And driving people around all day (taxi driver - without the fare) looking for that “perfect” home - plus, everything that goes wrong - yep, it’s your fault.
So I did it for two months, made two sales (a tiny condo, and a cheap house) - a whopping $1800 total for two full month’s work - then got smart, and kept my license active, but am concentrating on investment. I found another job (doing something I really enjoy) and my husband quit his job (doing something he really didn’t enjoy). I now have the benefits of all the info in the MLS - and despite a lot of posts to the contrary, since I started using the MLS the right way I have seen much better results than previously. But, we do still have one income coming in until we get out of the “rat race” (passive income exceeds monthly expenses). So we can still get bank loans, etc. and my husband does not need to disclose - the best of both worlds?!
There is no right answer, but being an agent is being self-employed - in the best case, if you sell a house your first day out, your first paycheck will be 30 days later. You can do it part-time, but it’s difficult - your time is not your own; to sell homes, you must be available when the buyes are out - and surprisingly, few weekend “lookers” are really “buyers” - the serious buyers are those looking for homes on the weekdays, 9 to 5.