Commercial Real Estate Broker · Kent, WA · Member since 2015 · 3 posts · 0 votes
I am 20/m i have over 5k saved up, and no debt. I want to become a real estate agent but i have no idea where to even begin, or what to say if i am speaking to someone that can help me. i am not asking for anything more than for help on how to get started and what to look/ ask for in order to become an Agent.
The reason i want to become an Agent is because i am looking forward into investing most of my money (overall that I have and will be earning in the future) into real estate. In my opinion, it is the safest and most logical thing for me to do.
Investor · Snohomish, WA · Member since 2013 · 629 posts · 84 votes
11y
Alex - I was in your situation a few years ago (but in 2010 and 23, I think) - it was somewhat different, horrible market and lots of real estate agents were finding different jobs. I figured I would take advantage of that and get into commercial brokerage. I wanted to learn as much as possible as quick as possible. I paired up with an older broker who complimented my skill sets (financial analysis and marketing) with (years of experience, negotiation and talking to investors / pipeline of deals). It was of my opinion, the residential market was fairly simple, so I went with commercial as the deals were a bit more "interesting" and the payoff was much greater. I, like you, wanted my license myself to make money. I actually really enjoy being a broker now and work with some really cool clients. I also, myself, am now an active investor. I just took the regular license with Rockwell then got into a house (I shopped a few and found one I love where I hang my license now in Everett - awesome owners, which in my opinion makes a difference). I would recommend taking CCIM 101 as it can really boost your knowledge. 102-104 aren't bad either but 101 is the best (again, all from my perspective) - if you do it, do it in classroom in Kirkland, leave cellphone and email OFF, too easy to be distracted. Best of luck!
Investor · Snohomish, WA · Member since 2013 · 629 posts · 84 votes
11y
Alex - I was in your situation a few years ago (but in 2010 and 23, I think) - it was somewhat different, horrible market and lots of real estate agents were finding different jobs. I figured I would take advantage of that and get into commercial brokerage. I wanted to learn as much as possible as quick as possible. I paired up with an older broker who complimented my skill sets (financial analysis and marketing) with (years of experience, negotiation and talking to investors / pipeline of deals). It was of my opinion, the residential market was fairly simple, so I went with commercial as the deals were a bit more "interesting" and the payoff was much greater. I, like you, wanted my license myself to make money. I actually really enjoy being a broker now and work with some really cool clients. I also, myself, am now an active investor. I just took the regular license with Rockwell then got into a house (I shopped a few and found one I love where I hang my license now in Everett - awesome owners, which in my opinion makes a difference). I would recommend taking CCIM 101 as it can really boost your knowledge. 102-104 aren't bad either but 101 is the best (again, all from my perspective) - if you do it, do it in classroom in Kirkland, leave cellphone and email OFF, too easy to be distracted. Best of luck!
Investor · Snohomish, WA · Member since 2013 · 629 posts · 84 votes
11y
Oh, I might add - some of my best decisions have just been networking with people I find interesting. I just find interesting people and ask them if I can buy them a coffee, I've learned a ton. And you never know what that $5 coffee date could lead to in the future.
Ogden, UT · Member since 2013 · 266 posts · 51 votes
11y
80-90% of the new agents never make it. so my advise would be to have a part time job that will meet your basic living costs, whether its working nights, shift work, whatever, this will give you the ability to get started as a agent and build the business, and when it takes off you could quit the part time job.