I'm in the construction industry and thinking about getting my realestate lisc., do I have an advantage?

Asked by Steve Harren, Saint Cloud, MN Mon Dec 29, 2008

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Cameron Piper, Agent, Forest Lake, MN
Tue Dec 30, 2008

I know a bit about this because I have a degree and quite a bit of experience in residential architecture. Here are a couple of my thoughts:

An advantage is only an advantage if it is properly marketed. The trick for you will be to find the balance between selling your construction experience without overshadowing your real estate license, and at first this will be difficult.

Remember that real estate agents are hired to do real estate work and as such you need to honestly state your experience in this realm. For the most part you will be right in there with the rest of the new agents at first. Your construction experience will only be an ansilary benefit at best since they are hiring you as a real estate agent.

Focus more on clients where both of your skillsets will dovetail - rehabbers who need a contractor to do some work. First time homebuyers looking to buy a place and fix it up some (you will help them determine costs, etc.) Vacant land purchasers who are planning to build a house. You get the idea.

Good luck in your new career and post back often with questions you will get plenty of help here. In the mean time find a broker that is willing to train you (they will all hard sell this - the trick is figuring out who is selling and who is just telling you the way it is)

Cameron Piper
Web Reference:  http://www.campiper.com
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George Moore, Agent, Saint Cloud, MN
Mon Dec 1, 2014
Being a real estate professional is much different that being a contractor. But if you are the type of contractor that spends time educating your customer so they are able to make a good decision, you may be ahead of many of the current real estate agents. Your construction experience gives you the ability to speak intelligently about your trade and your experiences. This many times makes buyers and sellers feel comfortable. Good Luck!
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Aaron Trompe…, Agent, Saint Cloud, MN
Fri Sep 28, 2012
If you know many other contractors/builders, you could access them as leads and sales. A good builder may not be a great salesman, so if you are their friend be there for them.
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Jennifer Kir…, Agent, Minneapolis, MN
Tue Dec 30, 2008
If you do get your real estate license and stay in the construction business, you will now have to disclose that you are a real estate agent to everyone who walks through your business door. Also, getting your real estate license won't make you an instant expert on the RE side, so to get the real advantage, you will need to increase your transaction knowledge over time. If you make new construction your real estate niche, instead of trying to be an agent for everything, you will do much better. Good Luck!
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The Hagley G…, Agent, Pleasanton, CA
Mon Dec 29, 2008
I believe you have an advantage...and a potential liability.
Web Reference:  http://www.cindihagley.com
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Dallas Texas, Agent, Dallas, TN
Mon Dec 29, 2008
YES you do ! ! ! considering buyers ask about items ie materials, expense for repairs, how to's, foundation, roofing, name a few.
Web Reference:  http://www.lynn911.com
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Sandra Mathe…, Agent, Grand Junction, CO
Mon Dec 29, 2008
I believe you will have a big advantage! I have been in the real estate and construction business since 1984. I always maintained my license even when I was working as a project manager or as a licensed building inspector. It also opened more doors on the construction side having a real estate license.
I feel I have an advantage with my knowledge when I look at homes for a potential listing or with buyers. Of course you have to be very careful that you don't make yourself out to be an expert as it could lead to legal problems.
I even obtained my certification in real estate as "Residential Construction Certified" and "Certified New Home Specialist".
I wish you the best!
Web Reference:  http://www.SoldOnFernley.com
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