Becoming an agent ?

[Kedian West]

What are some of the pros and cons of becoming a real estate agent before starting to invest?

I’m about to get register for a real estate school but I want to ensure that I’m not wasting my time.

[Chris Davidson]

@Kedian West check out David Greene's book sold. It is great if you are thinking of becoming g an agent. Bit if your main reaso. Is just to feel out the market you don't need to be a realtor to do that.

Hope that helps!

[Jonathan Styer]

Are you planning to be an agent as a career or just be an investor with a license? General consensus is that unless you're planning to actually be a working agent it's not worth it. 

[Shawn Mcenteer]

@Kedian West have a license all comes down to the individual and what they want out of it.  For myself when first starting out having a licenses saved me countless hours in terms of how fast I could get in  and see properties,  then once I closed on a property the commission typically covered my closing costs.  Along the way I would talk to friends and family help them buy or sell which added up to a few transactions per year.  Now I am a full time agent helping great clients and loving what I do... happy to connect you with some like minded agents in the Georgia market investing that you may want to chat with.

[Kedian West]

Hi @Jonathan Styer

Thank you I don’t only want to be an agent but I want to get a feel into the market before doing investment again. If you get where I going.

[Kedian West]

@Shawn Mcenteer great ok I’ll love to connect and get more info

[Chris Davidson]

@Kedian West check out David Greene's book sold. It is great if you are thinking of becoming g an agent. Bit if your main reaso. Is just to feel out the market you don't need to be a realtor to do that.

Hope that helps!

[Kedian West]

@Chris Davidson thank you

[Dalyn Hazell]

@Kedian West I think becoming an agent is a great investment in your real estate investing career. I don’t need to explain all the advantages and disadvantage is on here… It’s been explained thousands of times across the web. All I can say is that in my experience, it has been well worth the minimal study hours and ongoing fees.

[Kedian West]

@Dalyn Hazell thank you I got on one of David webinar today and got some info which I think will help me moving forward ...

[Corey Floyd]

@Kedian West I actually just asked this of a successful realtor/investor today. He advised if your main goal is to be an investor, then don’t become an agent. Reason being, is that when your an agent you have a fiduciary responsibility to your clients to represent their needs and get them the best possible deal. When your just an investor your only responsibility is to yourself. This is of course assuming you plan to operate ethically. An unethical real estate agent could in theory “rip off” clients. It creates a conflict basically.

[Russell Brazil]

Pro: Huge financial upside.

Con: 87% failure rate, and of those that make it, median income of only $45k per year. 

[Shawn Mcenteer]

Originally posted by @Corey Floyd:

@Kedian West I actually just asked this of a successful realtor/investor today. He advised if your main goal is to be an investor, then don’t become an agent. Reason being, is that when your an agent you have a fiduciary responsibility to your clients to represent their needs and get them the best possible deal. When your just an investor your only responsibility is to yourself. This is of course assuming you plan to operate ethically. An unethical real estate agent could in theory “rip off” clients. It creates a conflict basically.

That makes sense but I would suggest getting your license and working with investor friendly realtor.  It all comes down to the individual and their personal goals.  Starting out I teamed up with a local pro that did exactly what I wanted to do.  I learned from him and when we found properties I received a commission check which in many cases covered closing cost or at least took a big chunk out of them. Over time I learned, along the way I would pick up a few clients each year.  Now when I buy for myself my closing cost are paid for in the form of commission check (working alone but still have access to top notch mentor) and I have a lot more clients.. It worked great for myself but at the end of the day it comes down to the person and what they are intending on doing and what expectations they have with their license. 

[Matthew Irish-Jones]

@Kedian West if you are at agent you have to disclose it. You also have a duty to tell people you meet that are considering buying a home what the value is.

If you are an investor and talk a person into selling below market value and don’t disclose you are an agent you can be in trouble.

As a licensed agent and investor you can be on top of all the trends, see properties first, and have a pulse on the market.

[Kedian West]

@Corey Floyd ok got you thanks

[Kedian West]

Thank you @Russell Brazil

[Kedian West]

@Shawn Mcenteer

I’m going for the license about to get Sold by David Greene was in his session yesterday and he put a lot of things in perspective

[Kedian West]

@Matthew Irish-Jones thats for this but I would au rely uphold my duties and responsibilities as an agent and investor.

[Shawn Madir]

@Shawn Mcenteer looking to connect with NJ RE Agents. I'll send you a request.

[Peter Mckernan]

@Kedian West For you, I would say do some digging on what you what to do with the license, and if you want to be active (agent, wholesaler, flipper), and if you do not want to be active (buy hold, syndication, passive partner, notes). Once you have that question answered, then it will direct you in the way you want to go.

My suggestion, if you say yes to any part of being active, you should get your license.  

[Kedian West]

@Peter Mckernan thank you I’m going for active agent