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A slight diversion - I've been in sales for about 8 years (not real estate). I've been pondering getting into real estate, but I see myself more as a "right-hand" assistant to a major realtor. Anybody have any idea how much a position like that might pay, and how difficult it would be to find a job like that?
The broker pre-licensing class is a 75 hour mandatory class with a test at the end, and then you must pass the state exam to get your provisional license. You must then take 90 hours over the next 3 years to get your full broker's license. Commissions and fees vary greatly depending upon who you're working for. If you're at one of the bigger companies, you'll probably be on straight commission. Go talk to some Brokers in Charge at various agencies to see who you're comfortable working with. They usually hold "career seminars" regularly to answer your questions.
NCHomeFinder, I'd love you to PM me with the information you can provide about schooling. When I was in California (just recently moved), I was taking courses to qualify me, not as an agent but, as a Broker. Since I completed the coursework (and continue to conduct business in CA), I still plan to take the test there. Since NC does not have reciprocity with CA (no one does), in general, does some of that coursework transfer over and count toward that 75 hours? In other words, is it really necessary for me to retake all the general real estate law, practice, appraisal, etc, etc classes all over again, just to obtain my license here?
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Originally Posted by CharlotteAgent
1. Biggest is not always the best. Some smaller companies work wonders especially if you can work side by side with your BIC (Broker in Charge). They can be a great help. If they have to watch over 50 agents you just become another number.
I agree. It really depends on the structure of the company and it capacity to incentivize existing professionals within the organization to help train and motivate new recruits as well as it's ability to promote continued education and offer marketing support.
Quote:
Originally Posted by CharlotteAgent
2. Either work Real Estate full time or not at all in my opinion. How can you feel comfortable giving your client on 50% of what they deserve and you are obligated to?
Yes and no. I know of agents in CA who work part-time in the industry, but give 100% to the clients they are representing. They just don't work on a mass scale where they are juggling too many clients, and thus diluting their attention to that client. They don't make as much money, either, but that is not necessarily life's greatest motivation.
Quote:
Originally Posted by nydeb
A slight diversion - I've been in sales for about 8 years (not real estate). I've been pondering getting into real estate, but I see myself more as a "right-hand" assistant to a major Realtor. Anybody have any idea how much a position like that might pay, and how difficult it would be to find a job like that?
Great question! I'm interested in this aspect as well since my experience in other forms of sales, marketing and web development would certainly be an asset to a successful broker. However, I'm wondering, as an addendum to your question NYDeb, if a license is required to assist in this capacity?
1. Biggest is not always the best. Some smaller companies work wonders especially if you can work side by side with your BIC (Broker in Charge). They can be a great help. If they have to watch over 50 agents you just become another number.
2. Either work Real Estate full time or not at all in my opinion. How can you feel comfortable giving your client on 50% of what they deserve and you are obligated to?
Just my opinion
Hey, CA: you might want to mention the changes coming down the pike regarding Real Estate Brokers/Agents and education requirements.
Moderator cut: removed Perry and Walston Moderator cut: removed Fonville Morrisey Moderator cut: removed I'd recommend working with a large company to get the best training. Moderator cut: removed
Last edited by autumngal; 01-12-2008 at 10:51 AM..
Reason: advertising
No problem! Seems like some good changes, however. Such training should be required to help weed out those who aren't quite as serious about the profession, and keep any potential fraud from ensuing. Unless the state pulls some crud that in order for courses to qualify, that the course must be taken within a short time frame prior to licensing, the hours requirement don't seem all that bad. Providing that the additional requirements make for a better appraiser.
I'd like to get some more input from the real estate brokers on this subject if at all possible.
12V,
What further input are you looking for?
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Tease!!!
