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Hi there I'm hoping to get some insight into getting my career in real estate career started. So I recently passed my Washington Broker exam and was initially planning on joining a Seattle area brokerage and starting my career as a residential broker. As I've started to reach out to brokerages in Seattle I've been rethinking my approach. My question is whether it would be beneficial for me to start as a Licensed assistant before becoming a broker at a future date.
My reasoning behind this is that I'm young, 23, and inexperienced in real estate besides working with family members who have owned and sold rental real estate. Starting off as a licensed assistant would allow for me to gain experience by working and learning from an experienced broker or brokers. Similarly I would be able to familiarize myself with Seattle neighborhoods and make inroads in networking with people that could potentially become clients in the future. Hopefully by becoming an assistant I could also accumulate more money for my reserves that would be used when I did decide to become a broker. I currently have enough reserves to make it about 6-7 months if I was to start off as a broker, ideally I'd like to have enough reserves to last a year.
Any advice or thoughts on this matter would be greatly appreciated. Also if there any resources that you would recommend me checking out I would love to hear about them.
Hi there I'm hoping to get some insight into getting my career in real estate career started. So I recently passed my Washington Broker exam and was initially planning on joining a Seattle area brokerage and starting my career as a residential broker. As I've started to reach out to brokerages in Seattle I've been rethinking my approach. My question is whether it would be beneficial for me to start as a Licensed assistant before becoming a broker at a future date.
My reasoning behind this is that I'm young, 23, and inexperienced in real estate besides working with family members who have owned and sold rental real estate. Starting off as a licensed assistant would allow for me to gain experience by working and learning from an experienced broker or brokers. Similarly I would be able to familiarize myself with Seattle neighborhoods and make inroads in networking with people that could potentially become clients in the future. Hopefully by becoming an assistant I could also accumulate more money for my reserves that would be used when I did decide to become a broker. I currently have enough reserves to make it about 6-7 months if I was to start off as a broker, ideally I'd like to have enough reserves to last a year.
Any advice or thoughts on this matter would be greatly appreciated. Also if there any resources that you would recommend me checking out I would love to hear about them.
Thanks
If you can find that outstanding individual who is nearing retirement, go work for them, then buy their business. Let them mentor you for a year (live meagerly, but learn intensely, and learn about people)
If you purchase a going "business" you'll have an immediate cash flow and won't have to worry about starving.
The best agent you can find is the one to be with.
Hi there I'm hoping to get some insight into getting my career in real estate career started. So I recently passed my Washington Broker exam and was initially planning on joining a Seattle area brokerage and starting my career as a residential broker. As I've started to reach out to brokerages in Seattle I've been rethinking my approach. My question is whether it would be beneficial for me to start as a Licensed assistant before becoming a broker at a future date.
My reasoning behind this is that I'm young, 23, and inexperienced in real estate besides working with family members who have owned and sold rental real estate. Starting off as a licensed assistant would allow for me to gain experience by working and learning from an experienced broker or brokers. Similarly I would be able to familiarize myself with Seattle neighborhoods and make inroads in networking with people that could potentially become clients in the future. Hopefully by becoming an assistant I could also accumulate more money for my reserves that would be used when I did decide to become a broker. I currently have enough reserves to make it about 6-7 months if I was to start off as a broker, ideally I'd like to have enough reserves to last a year.
Any advice or thoughts on this matter would be greatly appreciated. Also if there any resources that you would recommend me checking out I would love to hear about them.
Thanks
I started off when I was 23 and had the same fears. I ended up going as broker, not an assistant or part of a team or anything, just on my own. You should start building your business the way you want it. If you don't want to be someone's assistant as a career, don't start like that because you're too scared.
That being said, I was able to live very very frugally my first year. I also finished training at the worst time possible- right when the dead winter market hit. It took me a while to get my first sale and I had to take a seasonal retail job Nov-Dec before my first full year really took off. It was worth it, though, to have built my business the way I want. I'm now in my second year and doing very well. I can tell you there is no way I'd be doing half of this on my own in my second year if I had spent the first year as someone's assistant. The problem with learning this business from someone else is that we all have our own style. You need to learn your own way of doing things that feels right to you. The ONLY way to do that is by experience. The idea of "taking over someones business" to me is completely ridiculous. ESPECIALLY if you're 23 and they're retiring (realize the average age of brokers is 57, and many work past traditional retirement age, so someone retiring from RE is OLD), what makes you think their client base will even like you or want to work with you? I don't say this to be mean, I'm sure you're very smart and pleasant, but the client base of a senior veteran may not be too thrilled with you. Many long time brokers are very conceited and look down upon new, young agents. I don't think you're very likely at all to find someone just willing to hand your their business unless its a family member.
1. Read Gary Keller's Millionaire Real Estate Agent.
I also started as a new licensee when I was 25 - I had a good broker to train me. If I had to start today, I would join a team or be an assistant. Think of it as an apprenticeship.
1. Read Gary Keller's Millionaire Real Estate Agent.
I also started as a new licensee when I was 25 - I had a good broker to train me. If I had to start today, I would join a team or be an assistant. Think of it as an apprenticeship.
Good luck to you.
My sentiments exactly! I even started when I was 25 also.
Thanks for the advice, I have heard from many people that Millionaire Real Estate Agent is a must read, its next on my reading list.
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