Mspattya,  in Pinellas County, FL

I am considering a RE career after many years as a parlaegal . I would welcome any advice from the group.

Asked by Mspattya, Pinellas County, FL Tue Oct 27, 2009

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Time is another consideration. Many new agents do not realize the number of hours it takes to get your business up and running. And I am not talking about the many hours of study and exams just to get your license. The technical aspect of our job today is very important therefore you must allow for training. You must understand contracts. Not just how to read them but understand how to explain them to clients without violating any codes of ethics or performing as an attorney. Most of the people I know that have left the business did so because they did not know what the business was all about and found it too time intensive. We do much more than open doors and show properties. When you take a listing that is only the beginning of your job. It all involves marketing and public relations, communication, continuous education and lots and lots of hours. It takes an average of a year to become established on a basic level and then you lighten your load a little. But buyers and sellers expect 100% and if you aren't prepared to give that then you may want to rethink the career.
0 votes Thank Flag Link Thu Sep 23, 2010
If you are able to motivate yourself, keep a positive outlook and have plenty of money to fund your career in real estate, there is no better profession.
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0 votes Thank Flag Link Thu Sep 23, 2010
The best advice I can give anyone looking to get into real estate is that this is not a job; it is a business you start. If you look at it as starting your own advertising and marketing business you will succeed. Build your business plan first. There are start up costs. If going full time right off the bat...have reserves for personal living expenses and plan on it taking you a year to earn a positive income in our local market. Business loans can help. Part time can be the safe way but a trap if you do not have a plan first. No one wants a part time agent representing them. A good broker and/or team helps fill in the gaps. But plan on earning less on the transaction for the extra help.

Very Important! You should never rely on a broker to give you leads or business... you are setting yourself up to fail. It's a nice bonus here and there... but newbies will not get the better leads. Broker's would be crazy to give there best leads to someone who does not know what they are doing. Leads are expensive & very valuable!

So ask to ride along with other senior Realtors on appointments, volunteer as an assistant to learn the ropes, be active with the board and attend classes. The more you absorb and witness, the more experiences you have to better help your future customers and become an expert in real estate. Your broker will then see you are ready for serious referrals and leads… so will your friends and family! Hope this helps. Good luck 

Sheryl Lynn Webster
Broker / REALTOR
The Real Estate Firm Inc.
727-587-0077
0 votes Thank Flag Link Tue Oct 27, 2009
A lot of people don't last very long. You ought to read up about what it takes to succeed. I like the books by Mr Keller and anotehr one by Mr Thyfalt. I know one of the websites. It talks about how to get business , plus some of the other jobs besides sales, like proerty management and commercial.
0 votes Thank Flag Link Tue Oct 27, 2009
Im assuming you are looking to be a Realtor.
My best advice is number one make sure you have at least 6 months reserves. These days with all the short sales it takes forever to get paid on commission. Case in point I am getting paid on deals I did last year.

Make sure the broker you go with is there too help you learn the business and will give you leads. Leads is an absolute must when you start. Also make sure you ask what there fee's are. I have heard of some crazy fee's the Big Realty companies charge. Check into that.

Also take the time to learn your area. The way I did it was learn one city at a time and by section. So you know what homes in each section of the city are selling for.

Also read as much as you can and learn lender financing. This is a must in todays market. If you don't know what financing programs are out there you will be looked at as someone who doesn't know the business very well. Aligning yourself with a knowledgable loan officer will help you greatly.

Do not get discouraged by the negative Realtor and develop thick skin. I think I covered most of everything.

Well Ms Patty I wish you the best and I hope you have a great career when you do take the plunge..

Darren Moreno!!!
0 votes Thank Flag Link Tue Oct 27, 2009
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