2 answers
Savannah
Student
Whitmore Lake, Michigan
16
Questions
Asked
1124 views
What made you realize you wanted to become a real estate agent.
I am in 8th grade. My teacher told my class that we had to pick 3 jobs that we were interested in. I decided to choose a Real estate agent. I really want to learn what they do. #realestate #student #classes
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2 answers
Julio Lopez
IT Analyst
34
Answers
Houston, Texas
Updated
Julio’s Answer
Hey Savannah,
Real Estate is a great and very unique work field to choose and I can definitely fill you in on many of the biggest questions about what they do. To begin, real estate agents work at a real estate firm where they connect with clients via their firm, cold calling, social media, and postings on their firm’s website. Whenever they connect with a potential client, they try and learn what kind of home/property they are looking for and begin to search for similar listings on the market. From there, the agent sends some of the listings to the clients and if the client is interested in one, they go on a showing where they tour the house or property, talk about some of the features and surrounding area that may be beneficial for the consumer and at the end of the day they essentially are salespeople, so they try and sell the property for a commission which they get for every sale.
That is the basics about being a real estate agent, the unique part about being and becoming a real estate agent is the process and career options you have in this field. To become a real estate agent, you actually do not have to go to college, rather you take a course online or in-person that will teach you most of the fundamentals of real estate to pass the realtor exam and get certified in your state. Another unique part of this career is that you can do this part-time or full-time depending on your availability, firm you work with, and more, so if you are doing real estate as a side job or while you try and finish school, you can, but part-time realtors are rare and usually do not make too much money; this career is most beneficial if it is going to become your main and only job since you will be able to contribute more of your time to it and make more commission. Finally, speaking of commission, this career is a bit risky since some realtors tend to go one or two years without selling ANY properties and they have no option, but to leave this field of work, BUT that is not to discourage you, since many realtors can become very, very successful and become millionaires with properties, investments, commissions, and more.
If you want to watch some videos on YouTube, Graham Stephan, is a realtor who is very successful and talks about his career, gives financial advice, and more on his channel, definitely check him out and some of his videos on his real estate career that will give you more insight.
Hope this helped and Good Luck!
Real Estate is a great and very unique work field to choose and I can definitely fill you in on many of the biggest questions about what they do. To begin, real estate agents work at a real estate firm where they connect with clients via their firm, cold calling, social media, and postings on their firm’s website. Whenever they connect with a potential client, they try and learn what kind of home/property they are looking for and begin to search for similar listings on the market. From there, the agent sends some of the listings to the clients and if the client is interested in one, they go on a showing where they tour the house or property, talk about some of the features and surrounding area that may be beneficial for the consumer and at the end of the day they essentially are salespeople, so they try and sell the property for a commission which they get for every sale.
That is the basics about being a real estate agent, the unique part about being and becoming a real estate agent is the process and career options you have in this field. To become a real estate agent, you actually do not have to go to college, rather you take a course online or in-person that will teach you most of the fundamentals of real estate to pass the realtor exam and get certified in your state. Another unique part of this career is that you can do this part-time or full-time depending on your availability, firm you work with, and more, so if you are doing real estate as a side job or while you try and finish school, you can, but part-time realtors are rare and usually do not make too much money; this career is most beneficial if it is going to become your main and only job since you will be able to contribute more of your time to it and make more commission. Finally, speaking of commission, this career is a bit risky since some realtors tend to go one or two years without selling ANY properties and they have no option, but to leave this field of work, BUT that is not to discourage you, since many realtors can become very, very successful and become millionaires with properties, investments, commissions, and more.
If you want to watch some videos on YouTube, Graham Stephan, is a realtor who is very successful and talks about his career, gives financial advice, and more on his channel, definitely check him out and some of his videos on his real estate career that will give you more insight.
Hope this helped and Good Luck!
Doug Bonilla, NHC
Retired Architect and licensed Texas Realtor
2
Answers
San Antonio, Texas
Updated
Doug’s Answer
Hi Savanah,
The above answers are correct. In addition to that there are a lot of expenses that come with working with a BIG LEAGUE Brokerage. You have fees to pay the broker, your commission is not 100% until you meet their quota. You may need to sell 15+ houses/ before your one year anniversary to get a full commission. Normally, it a 60% / 40% split commission. So you gotta HUSTLE, in order to receive income, pay bills, pay brokerage fees, etc. oh yeah, you may make a $14,000 or $4,000 commission BUT YOU HAVE TO DISCIPLINE YOURSELF to put money on the side for income taxes at the end of the year.
You will have to market yourself........loading youtube videos will be your life. Since you are starting off, you need $$$ for marketing.......YOUTUBE is a great way to spend little marketing expense. As you become successful, you will learn to spend money in order to make money. For example, you pay for leads at $2,000 a month and you get 2-3 leads and an average fair commission for each is $5k.....that's a good return.
Remember, a deal between 2 parties is not official until both parties sign at closing. At closing, is where your client gets or divorces from a house and you get your commission.
You have to be a people's person, great communication, knowledge of the real estate market, real estate laws, network, network and network.......so people know what you do and how you can help them buy or sell their house. You must have a reliable car......to start with, forget this illusion that you must drive a luxury car. NO, it's the knowledge about Real Estate & negotiation skills that people will fall to TRUST YOU not a mechanical car.
Warning: people are unpredictable and some are very determined of what they want. SO learn to work with various personalities and LOTS of PATIENCE.
Also, as you go to become a successful realtor and then own your own brokerage firm........learn to teach them the ropes and make your team happy that they are learning everyday and being successful.
Lastly, as you grow wiser, smarter.....INVEST IN REAL ESTATE yourself.........NOT houses but Multi-family apts. that's where the $$ is ........not in house as a landlord.
My wife and I are both realtors. I've practice architecture for 20 yrs and retired to help my wife in real estate. I'm a rookie but have seen my wife be working hard and successful making 6 figures $. Even our kids (3) are learning about real estate. We are teaching them to learn how to sell.......everywhere you look somebody is selling you something............a skill you need in life. THE ART OF THE DEAL!
BEST OF LUCK.......and go CONQUER the real estate market!
PS. Don't say your a Realtor and just talk about real estate because boring blah blah blah blah to others. I make it fun and say "well, I help people get a divorce" pause as I take a drink......they immediately say "oh your a lawyer"
I respond, "no, I help couples get a divorce from their old house" ............then people start talking. Then I just listen, share 1 client story and then ask more questions about them. I don't give out traditional business cards........I give out my digital business cards at the end because now, I have captured their name and telephone number and a future lead. HAVE FUN!
The above answers are correct. In addition to that there are a lot of expenses that come with working with a BIG LEAGUE Brokerage. You have fees to pay the broker, your commission is not 100% until you meet their quota. You may need to sell 15+ houses/ before your one year anniversary to get a full commission. Normally, it a 60% / 40% split commission. So you gotta HUSTLE, in order to receive income, pay bills, pay brokerage fees, etc. oh yeah, you may make a $14,000 or $4,000 commission BUT YOU HAVE TO DISCIPLINE YOURSELF to put money on the side for income taxes at the end of the year.
You will have to market yourself........loading youtube videos will be your life. Since you are starting off, you need $$$ for marketing.......YOUTUBE is a great way to spend little marketing expense. As you become successful, you will learn to spend money in order to make money. For example, you pay for leads at $2,000 a month and you get 2-3 leads and an average fair commission for each is $5k.....that's a good return.
Remember, a deal between 2 parties is not official until both parties sign at closing. At closing, is where your client gets or divorces from a house and you get your commission.
You have to be a people's person, great communication, knowledge of the real estate market, real estate laws, network, network and network.......so people know what you do and how you can help them buy or sell their house. You must have a reliable car......to start with, forget this illusion that you must drive a luxury car. NO, it's the knowledge about Real Estate & negotiation skills that people will fall to TRUST YOU not a mechanical car.
Warning: people are unpredictable and some are very determined of what they want. SO learn to work with various personalities and LOTS of PATIENCE.
Also, as you go to become a successful realtor and then own your own brokerage firm........learn to teach them the ropes and make your team happy that they are learning everyday and being successful.
Lastly, as you grow wiser, smarter.....INVEST IN REAL ESTATE yourself.........NOT houses but Multi-family apts. that's where the $$ is ........not in house as a landlord.
My wife and I are both realtors. I've practice architecture for 20 yrs and retired to help my wife in real estate. I'm a rookie but have seen my wife be working hard and successful making 6 figures $. Even our kids (3) are learning about real estate. We are teaching them to learn how to sell.......everywhere you look somebody is selling you something............a skill you need in life. THE ART OF THE DEAL!
BEST OF LUCK.......and go CONQUER the real estate market!
PS. Don't say your a Realtor and just talk about real estate because boring blah blah blah blah to others. I make it fun and say "well, I help people get a divorce" pause as I take a drink......they immediately say "oh your a lawyer"
I respond, "no, I help couples get a divorce from their old house" ............then people start talking. Then I just listen, share 1 client story and then ask more questions about them. I don't give out traditional business cards........I give out my digital business cards at the end because now, I have captured their name and telephone number and a future lead. HAVE FUN!