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Old 07-16-2009, 04:17 PM
 
60 posts, read 132,272 times
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Does anyone have an actual number? 50k, 60k, 70? Anybody?
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Old 07-16-2009, 05:17 PM
 
Location: San Antonio, TX - Displaced Michigander
2,068 posts, read 5,967,438 times
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Quote:
Originally Posted by cabin View Post
I know like ten people that sell as their second career and they all do great...if it was as competitive as you say, at least one of them would have gone belly up.
That surprises me. I would not even consider using an agent that only does RE part time, even if they were a friend.
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Old 07-16-2009, 05:44 PM
 
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Why Not?
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Old 07-16-2009, 06:46 PM
 
Location: San Antonio, TX - Displaced Michigander
2,068 posts, read 5,967,438 times
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For one thing, I tend to think of a pt realtor as more of a hobbyist. If they were serious about it, and not just serious, but very good at selling real estate, they wouldn't be doing something else as their primary job. Also, a full time realtor will have better connections with other realtors, not just withn their own office, but with realtors working for other companies as well. Because they do not have divided job loyalties, I also think ft realtors are more aware of what is going on in their market and likely more up to date with any changes that may make a difference to a buyer or seller.

I sold my house in Traverse City, Michigan last Sept. I didn't stop to think who I knew who dabbled in real estate, I looked around my neighborhood for months in advance to see who had signs up and how long it took those signs to have a sold attached to them. I chose an agent with a great track record, who had been selling for a couple of decades in my community. Even then, I disagreed with him on a couple of issues. He said not to paint the kitchen and dining room and suggested listing the house for less than I wanted. I painted and think it made a huge difference, and told him to list the house for 10K than he suggested. I ended up selling the house for 4.5K more than he initially wanted to list it for. It helped that I painted and staged (really well if I do say so myself!) but he did his job and had an advertising budget as well as knowledge that I don't think a pt agent will ever have.
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Old 07-17-2009, 03:18 PM
 
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You letter posting proves you do not know what you are talking about. Another telivision expert.
Get your license and try it yourself. Talk is cheap.
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Old 07-17-2009, 06:31 PM
 
Location: San Antonio, TX - Displaced Michigander
2,068 posts, read 5,967,438 times
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Quote:
Originally Posted by ruvidu View Post
You letter posting proves you do not know what you are talking about. Another telivision expert.
Get your license and try it yourself. Talk is cheap.
If that is in response to my response to your question, then I am wondering what the heck you are smoking because it makes no sense.
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Old 07-27-2009, 09:45 AM
 
Location: Hazel, KY, USA
137 posts, read 396,857 times
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Quote:
Originally Posted by cabin View Post
I know like ten people that sell as their second career and they all do great...if it was as competitive as you say, at least one of them would have gone belly up.
By second career I assume you mean they were employed earlier in a different profession, NOT that real estate is currently a part-time job for them. Some responses have assumed that is the case!

How many years real estate experience do they have though? I'm guessing the ten people you speak of already EACH have over 5 years experience and half have over 8 years experience, and so built a client base and referral networks and basically their whole business before hard times hit. The fact that they are still realtors proves they are winners, not that real estate is easy for beginners.

I've been a realtor. I'm retired now. I worked at it a total of 4 years (Not enough for 80% of us to really establish a good business in, I'd say). Real Estate was the hardest job I ever worked, and the lowest paid. If you don't work your fingers off every day, but also get educated in the right game-plan for that finger-working, you are going to fail in the first 2 years. By fail, I just mean you will decide that you can make more money elsewhere - that its just not for you. In other words, you won't become one of those 10 people that you know that make it sound so rosy. I know no realtor who ever took on Real Estate as a vocation and found it lucrative and rewarding right from the start unless they happened to be in the Broker's family, etc. That's quite different. That's a situation where someone will hand you business on a silver plater.

That brings the thought to mind that perhaps you should ask each of those 10 successful real estate acquaintances about their income. Send the answers back to the forum for the rest of us to see, if you please. I'd really like to hear their advice to you regarding entering the field of real estate too, in addition to their net income figures. As long as we've all been working this problem and trying to help, it would be nice to share. You probably have more real estate contacts than anyone I know so you are the best one to do this research on income for us!

It may sound like I'm being haughty or condescending. That's not my intention. You have responded with another question after hearing some very good advice by others so I'm just trying to be rigorous about filling in the holes in the advice given so far. I really wish you luck, whichever way you chose to go. You may be a Real Estate "natural" and will prosper sooner than 95% of your competition. So keep up your inquiry if you have an interest. It could be the best job of your life. But unless you have someone handing you business, be prepared to be very organized and very diligent and to be big on self motivation. Or you might want to get a "life coach" to work with you on that.

Last edited by thurx; 07-27-2009 at 10:03 AM..
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Old 07-27-2009, 04:04 PM
 
5,491 posts, read 8,323,155 times
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I've been reading this for some time, and would like to throw another angle at it. Nothing worthwhile is easy! That's why most people work for someone else. It takes a special person to succeed at anything other than a job. What I mean by that is, the person must be willing to do things that the average person isn't willing to do. It's hard being your own boss! But if you can be a good boss of yourself you can be successful. That's why approximately 10 percent of the people control all of the money and the other 90 work for them. The 10 percent were willing to do something the other 90 wasn't. I have friends also who are successful right now as a real estate agents and many that are real estate investors. So is it hard work? Yes! Can you be successful? Beyond your dreams! It's not supposed to be easy.
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Old 08-10-2012, 08:07 PM
 
60 posts, read 132,272 times
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Default I'd say

50k on average
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Old 08-10-2012, 08:15 PM
 
60 posts, read 132,272 times
Reputation: 79
Default I'd say

50k on average
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