Advice for a soon to be real estate agent.

7 Replies

Not putting the cart before the horse but I'll be taking the exam next month and I'm looking for tip or pointers on a few things:

1. Where is the best place to take a cram course?  Online or in person, which is better?

2. What would be the major things to look for in a broker?  Training? Support? Commission %?

Being a newbie I'm hoping to get some advice from the experienced realtors out there.  Things to do/not do when getting your feet wet.  Any advice is very much appreciated.  

Hey @Brad Miller , are you getting your license because you truly want to be an agent, or is your ultimate goal to become a real estate investor?

If it's the latter, then I believe you want to connect with a broker with a majority of investor clients and who is an experienced investor themselves.

It's amazing to me how many brokers and agents have never done an investment deal!

Originally posted by @Mitch Messer :

Hey @Brad Miller, are you getting your license because you truly want to be an agent, or is your ultimate goal to become a real estate investor?

If it's the latter, then I believe you want to connect with a broker with a majority of investor clients and who is an experienced investor themselves.

It's amazing to me how many brokers and agents have never done an investment deal!

 Mitch,

Thank you for the reply.  Ultimately I will be getting in to investing but as of now it's more about being an agent and working with people on buying/selling real estate.  At this point I'm starting new and just looking for advice on how to start on the right path becoming an agent.  

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@Brad Miller

I took all my classes online through Texas A&M but did exam prep in a classroom setting. The interaction was really helpful, as were the instructor’s insights into the exam. You won’t get that online.

The broker question is tougher. There are tons of brokerage models and each has their own fee schedule, splits, training systems, neato swag, and a sales pitch to recruit you. The two things I found to be most important were:

1. Know yourself. If you are self-motivated and don’t need someone regulating your business (ie desk hours), then look at smaller or boutique brokerages that will allow you more autonomy. If you need structure, then the big traditional brokerages will suit you better.

2. Know without a doubt that your broker/supervisor/a team leader will answer the phone.

There are tons of things to consider, but for me these were the big ones. Best of luck on your exam!

@Brad Miller . The best advice I got when getting into the business was "It doesn't really matter whether you choose a large broker or a small broker, it's ultimately all up to you to make it happen. 

Grasp that you are self employed master of your domain, and you are responsible for going out and killing some meat and drag it back to the cave. 

There are a number of excellent training and coaching programs that will aid and guide you - but it's ultimately up to you!

Originally posted by @Sharon Powell :

@Brad Miller

I took all my classes online through Texas A&M but did exam prep in a classroom setting. The interaction was really helpful, as were the instructor’s insights into the exam. You won’t get that online.

The broker question is tougher. There are tons of brokerage models and each has their own fee schedule, splits, training systems, neato swag, and a sales pitch to recruit you. The two things I found to be most important were:

1. Know yourself. If you are self-motivated and don’t need someone regulating your business (ie desk hours), then look at smaller or boutique brokerages that will allow you more autonomy. If you need structure, then the big traditional brokerages will suit you better.

2. Know without a doubt that your broker/supervisor/a team leader will answer the phone.

There are tons of things to consider, but for me these were the big ones. Best of luck on your exam!

Thank you for the feedback and advice.  I will look into cram courses offered in person as that is better for me as well.

Originally posted by @Jim Cummings :

@Brad Miller. The best advice I got when getting into the business was "It doesn't really matter whether you choose a large broker or a small broker, it's ultimately all up to you to make it happen. 

Grasp that you are self employed master of your domain, and you are responsible for going out and killing some meat and drag it back to the cave. 

There are a number of excellent training and coaching programs that will aid and guide you - but it's ultimately up to you!

Jim, Thank you for the feedback.  I know that sales in general is an "eat what you kill" career, I'm very familiar with that. I Appreciate the advice.  

check out prep agent on youtube heard he is one of the best for passing the exam. You will need to have  passed both 2 RE prep exam courses plus and elective to take his prep exam. Good luck inpassing.