You should, actually.
Better, yet buy one that is for sale by owner... http://.www.fsbo.com
If you are "all Cash", or have equity go to Foreclosure Court and buy one for 30% less
on Court steps.
really, you can subcribe for 2-3 weeks of pink sheets and find out all the foreclosures..
...then, attend a few court steps auctions....once you have figured it out....start buying..
Intero Real Estate
If I were you, I would try to buy the home now because in 6 months, the prices most likely will be much higher than any commission that you will receive. Unless you are planning on becoming an agent, it might not be worth the time, money and hassle to obtain your real estate license just to buy a home. I will be happy to help you. I have over 18 years experience selling homes in the area.
(909) 772-8842 cell
If you did, you'd need to take care of these activities and related costs...
1. Study materials
2. Testing Fees
3. Testing time
4. Study time
5. Fingerprinting and background check costs
6. MLS access costs
7. California Association Of Realtors membership (mandatory)
8. National Association Of Realtors membership (ditto)
9. Local Association Of Realtors membership (ditto)
10. Special key to access homes listed on the MLS
11. Fees related to the brokerage you sign up with
12. Association initiation training
and probably another 5 I didn't think of.
I was thinking about getting going to med school so I can take out my own tonsils. What do you think?
You're right... I should just hire a professional and let them take care of the job the right way.
Call me ,,HENA MARTIN BROKER 760-251-2868
Depending how much you are buying the property for, you can make from $3,000 to who knows what.
I did the courses in three months and passed the exam the second time. So in total I did it in 5 months. But, it is difficult and need to study as much as possible. I know of ex-coworkers that have been trying complete the cources for 2 years or failed the test 6 times. If you fail, you have to wait for almost a month before you retake it.
Keep us posted on your progress if you decide to join our profession.
Jes Sierra, B.Sc.
Passing the test is one thing. The test is largely theoretical and has very little to do with the day-to-day reality of practicing real estate. I'll take you at your word that you can pass the test. But as Patrick said, that's an awful lot of trouble to go through to earn roughly 50% of commission and to practice your way through locating and negotiating for your dream home.
There's also the issue of start-up costs. You have to pay to take your classes and take the test. And passing the test is only the beginning. You still have to pay for fingerprinting with the state.
And, depending on the price range you're buying in, you'd spend a lot of your commission on set-up fees like board membership, MLS membership, lockbox key subscriptions, errors and omissions insurance, equipment insurance, etc.
And finally, there's the issue of liability. Since you'll be brand new, if you mess up the paperwork, or lose your deposit money, or the deal just gets super-hairy ... it's kinda hard to go after yourself. Unless you truly want to learn about and get into the real estate business, I'd suggest you use a knowledgeable Realtor.
Either way, congrats on being close to homeownership and best wishes!
Couple of things to consider here. You could self educate yourself on the process without having to take the time and spend the money on classes required to get a license. Will this mean that you will know what you are doing? Maybe, most likely not, but you will have at least have some concept of what is involved.
You will have to spend money on the classes, license fees and sign will a broker since the only way you could get paid is through a licensed broker. And since you would be a new agent you will most likely be at the bottom of the commission scale which in all likelyhood would be a 50/50 split. That's half the commission to you.
So is the time, money and effort involved worth the money that you may save by being licensed. You could just work with an experienced agent and end up with the same results.
By the way don't be too sure about that test. It's harder than a lot of people think. Good Luck