Any Part Time Realtors Here?

[MahiMike]

I've been an investor for quite a while and figured I'd finally get my license. Don't wanna quit my day job, just get MLS and lockbox access.

I'll be doing this on the side. Anyone else in the same boat?

[arrwheader]

My girl friend just got hers a few months ago. She hasn't had much luck. She has definitely paid more fees to the state and to Berkshire Hathaway then she ever has getting close to making anything from selling a house. Could just be her though idk but good luck!

[mikeyis4dcats.]

so you're just wanting to list your own properties? That is smart.

If you want to sell others, you might re-evaluate. I've known several "part time realtors" and none lasted. it is a full time job, otherwise you won't make it.

[Tacoman]

I am a full time agent in Utah, would love to offer any thoughts I could to help. What are your goals in the short and long term?

[Tacoman]

Originally Posted by mikeyis4dcats.

so you're just wanting to list your own properties? That is smart.

If you want to sell others, you might re-evaluate. I've known several "part time realtors" and none lasted. it is a full time job, otherwise you won't make it.

This is pretty much the truth. Even when you are a full time agent it can still be really difficult, if you turn your energy away from your business it loses momentum very quickly.

[Dave Lane]

Originally Posted by MahiMike

I've been an investor for quite a while and figured I'd finally get my license. Don't wanna quit my day job, just get MLS and lockbox access.

I'll be doing this on the side. Anyone else in the same boat?

I did it just to make some commiss $ when I bought and sold. Not worth the hassles. Passing the test is so simple its frightening.

I'd go for a brokers licence if I did it again.

[Tacoman]

Originally Posted by arrwheader

My girl friend just got hers a few months ago. She hasn't had much luck. She has definitely paid more fees to the state and to Berkshire Hathaway then she ever has getting close to making anything from selling a house. Could just be her though idk but good luck!

I have been there, it is really tough. It is really chicken and egg type situation and you have to almost invent a way our of it. There are several avenues to accomplish this but none of them are going to be easy. Clients are making (most of the time) the biggest financial commitment of their entire lives, in an arena they kind of know about, but not really, and they need someone they can trust will get them through the process. The easiest way to instill confidence in them is to talk about how you have done it a bunch, which you can't really do without having done it. Not to mention, it's not only that you have bought a home a time or two, it's that you have to learn how to help someone else buy a house.

If she is still committed to seeing her goal come to fruition tell her to keep her chin up and learn as much as she possibly can every day.

It took me 8 months to sell my first house. I had 24k to my name when I started and had less than 2k when I finally completed a deal, it was frustrating and really scary, I was afraid I was going to lose my house. There are some agents who naturally or even just are lucky enough to get one or two early on that propels them, but most are like me and have a pretty big learning curve.

[mikeyis4dcats.]

Originally Posted by Tacoman

I have been there, it is really tough. It is really chicken and egg type situation and you have to almost invent a way our of it. There are several avenues to accomplish this but none of them are going to be easy. Clients are making (most of the time) the biggest financial commitment of their entire lives, in an arena they kind of know about but not really and they need someone they can trust will get them through the process. The easiest way to instill confidence in them is to talk about how you have done it a bunch, which you can't really do without having done it. Not to mention, it's not only that you have bought a home a time or two, it's that you have to learn how to help someone else buy a house.

If she is still committed to seeing her goal come to fruition tell her to keep her chin up and learn as much as she possibly can every day.

It took me 8 months to sell my first house. I had 24k to my name when I started and had less than 2k when I finally completed a deal, it was frustrating and really scary, I was afraid I was going to lose my house. There are some agents who naturally or even just are lucky enough to get one or two early on that propels them, but most are like me and have a pretty big learning curve.

a free handie at closing never hurts....

[Tacoman]

Also, it is worth mentioning just so you are aware, and you should look into your particular states laws etc etc:

While you will be saving money on commissions, you will also be taking on more responsibility and legal liability in the process. Especially if you are renting properties or own the houses you are selling. Being a licensed professional means that you are held to a higher standard of conduct than John Q Public. The acceptance for error is less and the consequences are more severe if you are running your business in a way that is deemed unethical etc etc. I'm not saying that you are doing anything wrong or unethical or whatever, or even that there is a problem with being an agent and owning or renting property. Just pointing out a few considerations for investors looking to get licensed.

[Demonpenz]

Pm sent

[Demonpenz]

I think the thing about being a realtor that people don't understand is it's all about location. No one wants to live by a busy street .

[Tacoman]

Originally Posted by mikeyis4dcats.

a free handie at closing never hurts....

Lately my gig has been to get my clients one of those portable bluetooth rechargeable Speakers. JBL Charge etc etc

[mikeyis4dcats.]

Originally Posted by Tacoman

Lately my gig has been to get my clients one of those portable bluetooth rechargeable Speakers. JBL Charge etc etc

yeah, I guess that works too.