All Forum Posts by: Dawn Oishi

@DonaAlvarez  I applaud your willingness to educate yourself on the process.  It is great knowledge..especially when you are buying and selling on a regular basis.  I can give you a couple contacts for schools.  One will be local and one will be online.  I can also mentor you through your courses. I do this with several people from the online school. Let me know if I can assist you in any way with that.  Otherwise, I would start scoping out your stomping ground for potential deals as Frisco is a hotter market right now!

I'm going to just jump straight to the question about becoming a real estate agent for education and to save a few bucks.  I am a full-time Realtor at a large brokerage.  I spend easily 5-15 hours a week training investor agents and part-time other career agents how to do things, write up contracts, use the various compliance programs and much more.  Mostly because they are unable to attend any of the training provided by the brokerage due to their other career commitment.

Texas is one of the hardest states to get a license in.  You are required to pass 90 hours of training before your exam. Then you have another 90 hours to finish within two years.  Less yearly after that. None of those hours include any of the day to day training hours you need to run your own business within your brokerage.  

Next comes the fees just to stay an agent. You have brokerage fees monthly. Brokerage splits on your transactions. Mextrotex Association of Realtors or any of the other local Realtor Associations in the DFW area that you must be a part of. NTREIS MLS fee. Keycard fees. E&O...all before you can write an offer.

If your plan is to sell a lot of investments, then becoming an agent might be beneficial.  However, if you are buying and holding or buying with an occasional sell...leave it to a Realtor you have made a good rapport with.  1. You are not paying any commissions when you are buying.  2.  Your Realtor friend might be willing to work a commission rate deal with you.  Why spend all of that time and money to dabble as an agent?

I'm an agent in the DFW area.  I may be newer, but I am highly driven.  I've done several buying, listing and leasing transactions for local investors, out of state investors and out of country investors.  Please let me know if I may be of assistance.

You have renters. You don't really need the equity just yet.  I say hold it a bit longer.  

I've done a few investor deals out your way.  Let me know if you would like chat more and see if we might be a good match.

Congratulations, Shane!  Now, you just need to get through that exam!!  I do have a test prep that help me get through the state/national course. Let me know if you need it.  Great choice with KW.  I chose them too.  Look forward to watching your journey!