Question for new and seasoned agents.
What is something you wish you would’ve known before getting licensed in RE?
@Jude Cineas I started with a small brokerage because they had better splits so I figured I'd make more money. I sold one house in 6 months. I joined KW and sold 24 the first year with them. I should have joined an established brokerage with great tools and training right off the bat.
Quote from @Jude Cineas:
What is something you wish you would’ve known before getting licensed in RE?
I’ll go first - start up cost.
Getting enrolled into a RE school is only the beginning. Once you pass your schooling you have to take into consideration
-application fees
-fingerprints fees
-test fees
- NAR initial dues
-brokerage initial dues
And many more other fees. Plan ahead and be cautious about your spending; you’ll need every cent in the beginning.
Quote from @Jordan Moorhead:
@Jude Cineas I started with a small brokerage because they had better splits so I figured I'd make more money. I sold one house in 6 months. I joined KW and sold 24 the first year with them. I should have joined an established brokerage with great tools and training right off the bat.
Hello Jordan ,
I definitely agree with you , it can seem very enticing follow a brokerage that have low to no commission splits. You have to be very careful with these brokerages because they may offer minimal tools and resources for you to succeed as a new agent. Joining a big name brokerage can be very advantageous , just make sure you fully understand what your money is paying for.
Hey @Jude Cineas - I'm actually releasing a video on my YT channel about this topic on Friday. I have other similar videos if you want to check them out (see my profile for the link).
I wish I would've known that it's very easy to get your RE license. I'm not saying this to be sarcastic, but it's just a matter of fact. Most states don't require a highschool or college degree - which is the allure to RE for people without much experience or credentials.
Unfortunately what happens is as an agent with professional experience, you have to now interact with other agents that just don't know how to be professional in different situations. The group of people that get most hurt by this are the end clients because they usually have no way of knowing an agent is credible until after they've listed with them or are already under contract.
-
Broker New York (#10401359681)
- 929-349-8042
- http://www.ClosedByMo.com
- [email protected]
- Real Estate Broker
- Twin Cities, MN
- 4,425
- Votes |
- 3,462
- Posts
@Jude Cineas I did things a bit backwards, having already been a veteran investor and decades in housing industry, I knew most of it already, and I came into it eyes wide open. So the mistakes and misconceptions most carry in the door, i didn't have.
But still, I did fall prey at the start of the #1 false idea of brand, and later learned that the brand just does-NOT-matter. It's the people, NOT the brand (brokerage) that counts.
So many get roped into this thing of what brokerage to start at, and get really focused on what that brand messaging is. Looking at splits or what not. NONE of that matters, it doesn't! 0 split or 50% split DOES NOT MATTER. yeah, you'd think it does, seems like it should but it doesn't. Because simply put, the more it's costs, the MORE your getting, it's very simple math. And most new agents, they NEED more so, actually, the bigger the split it's actually probably a better starting point, ironically.
The ONLY thing that matters is WHO the people are, WHAT they are doing, WHAT you are getting, and HOW it all works. Who, What, How, that's it.
Notice brand is nowhere in there, nor are splits, crm, all that other gobbly-gook they use to confuse a person, NONE of that matters.
That's the 1 thing I wish i had known, the brand means NOTHING.
Pick a TEAM that best meets your style, your interests, that is actively DOING what you want to do, know, learn, master. It's a lesson old as time, surround yourself with persons better then you, doing what you want to do, knowing what you want to know, be a great student, the rest will follow.
Quote from @Mohammed Rahman:I will most definitely check out your video on YT.. professionalism is HUGE in this industry ! Thanks for the response!
Hey @Jude Cineas - I'm actually releasing a video on my YT channel about this topic on Friday. I have other similar videos if you want to check them out (see my profile for the link).
I wish I would've known that it's very easy to get your RE license. I'm not saying this to be sarcastic, but it's just a matter of fact. Most states don't require a highschool or college degree - which is the allure to RE for people without much experience or credentials.
Unfortunately what happens is as an agent with professional experience, you have to now interact with other agents that just don't know how to be professional in different situations. The group of people that get most hurt by this are the end clients because they usually have no way of knowing an agent is credible until after they've listed with them or are already under contract.
Quote from @James Hamling:Beautifully said James ! Thanks for the insight !
@Jude Cineas I did things a bit backwards, having already been a veteran investors and decades in housing industry, I knew most of it already, and I came into it eyes wide open. So the mistakes and misconceptions most carry in the door, i didn't have.
But still, I did fall prey at the start of the #1 false idea that, the brand just does-NOT-matter. It's the people, NOT the brand (brokerage) that counts.
So many get roped into this thing of what brokerage to start at, and get really focused on what that brand messaging is. Looking at splits or what not. NONE of that matters, it doesn't! 0 split or 50% split DOES NOT MATTER. yeah, you'd think it does, seems like it should but it doesn't. Because simply put, the more it's costs, the MORE your getting, it's very simple math. And most new agents, they NEED more so, actually, the bigger the split it's actually probably a better starting point, ironically.
The ONLY thing that matters is WHO the people are, WHAT they are doing, WHAT you are getting, and HOW it all works. Who, What, How, that's it.
Notice brand is nowhere in there, no are splits, crm, all that other gobbly-gook they use to confuse a person, NONE of that matters.
That's the 1 thing I wish i had known, the brand means NOTHING.
Pick a TEAM that best meets your style, your interests, that is actively DOING what you want to do, know, learn, master. It's a lesson old as time, surround yourself with persons better then you, doing what you want to do, knowing what you want to know, be a great student, the rest will follow.
Quote from @James Hamling:
@Jude Cineas I did things a bit backwards, having already been a veteran investor and decades in housing industry, I knew most of it already, and I came into it eyes wide open. So the mistakes and misconceptions most carry in the door, i didn't have.
But still, I did fall prey at the start of the #1 false idea of brand, and later learned that the brand just does-NOT-matter. It's the people, NOT the brand (brokerage) that counts.
So many get roped into this thing of what brokerage to start at, and get really focused on what that brand messaging is. Looking at splits or what not. NONE of that matters, it doesn't! 0 split or 50% split DOES NOT MATTER. yeah, you'd think it does, seems like it should but it doesn't. Because simply put, the more it's costs, the MORE your getting, it's very simple math. And most new agents, they NEED more so, actually, the bigger the split it's actually probably a better starting point, ironically.
The ONLY thing that matters is WHO the people are, WHAT they are doing, WHAT you are getting, and HOW it all works. Who, What, How, that's it.
Notice brand is nowhere in there, nor are splits, crm, all that other gobbly-gook they use to confuse a person, NONE of that matters.
That's the 1 thing I wish i had known, the brand means NOTHING.
Pick a TEAM that best meets your style, your interests, that is actively DOING what you want to do, know, learn, master. It's a lesson old as time, surround yourself with persons better then you, doing what you want to do, knowing what you want to know, be a great student, the rest will follow.
100% Agree with this!
- Real Estate Broker
- Twin Cities, MN
- 4,425
- Votes |
- 3,462
- Posts
Quote from @Tommy Parker:
Quote from @James Hamling:
@Jude Cineas I did things a bit backwards, having already been a veteran investor and decades in housing industry, I knew most of it already, and I came into it eyes wide open. So the mistakes and misconceptions most carry in the door, i didn't have.
But still, I did fall prey at the start of the #1 false idea of brand, and later learned that the brand just does-NOT-matter. It's the people, NOT the brand (brokerage) that counts.
So many get roped into this thing of what brokerage to start at, and get really focused on what that brand messaging is. Looking at splits or what not. NONE of that matters, it doesn't! 0 split or 50% split DOES NOT MATTER. yeah, you'd think it does, seems like it should but it doesn't. Because simply put, the more it's costs, the MORE your getting, it's very simple math. And most new agents, they NEED more so, actually, the bigger the split it's actually probably a better starting point, ironically.
The ONLY thing that matters is WHO the people are, WHAT they are doing, WHAT you are getting, and HOW it all works. Who, What, How, that's it.
Notice brand is nowhere in there, nor are splits, crm, all that other gobbly-gook they use to confuse a person, NONE of that matters.
That's the 1 thing I wish i had known, the brand means NOTHING.
Pick a TEAM that best meets your style, your interests, that is actively DOING what you want to do, know, learn, master. It's a lesson old as time, surround yourself with persons better then you, doing what you want to do, knowing what you want to know, be a great student, the rest will follow.
100% Agree with this!
Like our new client welcome cover:
- Investor
- Austin, TX
- 5,507
- Votes |
- 9,861
- Posts
How to be a closer, not likable. Start looking for deals for myself not clients
Quote from @Jude Cineas:
What is something you wish you would’ve known before getting licensed in RE?
I was focused on becoming a property manager because I knew I would be good at managing assets. I didn't realize the value of including sales in my business until five years later. I also didn't start to invest until five years later. I wish I had started everything at the very beginning.
No one is coming for you. Being licensed doesn’t mean you make money. The marketplace rewards you for one thing: the value you bring to it. Raise the value, early and often and become well paid for it.