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Realtors License

Realtors License

Old Feb 23rd 2012, 4:08 pm
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Default Realtors License

Have any of the ex-pats around on the board gone through the process of doing their license to be come a real estate agent???

The wife has finally convinced me to go to school with her to do this and I was wondering whether the benefits would be there long term?

I am currently working as a 'Management Consultant' with huge rewards possible, the problem is that it is time consuming and I am not sure whether the benefits will be worth the hassle.

Any stories from you guys both good and bad would be appreciated.
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Old Feb 23rd 2012, 4:12 pm
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Default Re: Realtors License

Originally Posted by njmackem View Post
Have any of the ex-pats around on the board gone through the process of doing their license to be come a real estate agent???

The wife has finally convinced me to go to school with her to do this and I was wondering whether the benefits would be there long term?

I am currently working as a 'Management Consultant' with huge rewards possible, the problem is that it is time consuming and I am not sure whether the benefits will be worth the hassle.

Any stories from you guys both good and bad would be appreciated.
My daughter-in-law got her license a few years ago. She's a registered nurse now.
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Old Feb 23rd 2012, 4:27 pm
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Post Re: Realtors License

Originally Posted by njmackem View Post
Have any of the ex-pats around on the board gone through the process of doing their license to be come a real estate agent???

The wife has finally convinced me to go to school with her to do this and I was wondering whether the benefits would be there long term?

I am currently working as a 'Management Consultant' with huge rewards possible, the problem is that it is time consuming and I am not sure whether the benefits will be worth the hassle.

Any stories from you guys both good and bad would be appreciated.
It may be worth calling this realtor who works in Summit and she may put you in the picture. She is British. (Just to let you know; she was widowed when her English spouse was sadly killed at the WTC, helping to rescue his colleagues..... )

http://www.kw.com/kw/agent/lucythompson
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Old Feb 23rd 2012, 4:29 pm
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Default Re: Realtors License

Originally Posted by njmackem View Post

I am currently working as a 'Management Consultant' with huge rewards possible, the problem is that it is time consuming and I am not sure whether the benefits will be worth the hassle.
You think that being a realtor isn't time consuming? It's a seven-days a week occupation to make decent money. You don't sell anything, you don't make anything. Contacts are everything, and the local bigwigs who've been doing it for decades have all the contacts. My OH held a license for a year and hated it! He said it was the sleaziest experience he ever had.
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Old Feb 23rd 2012, 4:38 pm
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Default Re: Realtors License

Originally Posted by njmackem View Post
Have any of the ex-pats around on the board gone through the process of doing their license to be come a real estate agent???

The wife has finally convinced me to go to school with her to do this and I was wondering whether the benefits would be there long term?

I am currently working as a 'Management Consultant' with huge rewards possible, the problem is that it is time consuming and I am not sure whether the benefits will be worth the hassle.

Any stories from you guys both good and bad would be appreciated.
Tarkak9 is a realtor - maybe he'll give you some pointers.
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Old Feb 23rd 2012, 7:20 pm
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Thumbs down Re: Realtors License

Originally Posted by Nutmegger View Post
You think that being a realtor isn't time consuming? It's a seven-days a week occupation to make decent money. You don't sell anything, you don't make anything. Contacts are everything, and the local bigwigs who've been doing it for decades have all the contacts. My OH held a license for a year and hated it! He said it was the sleaziest experience he ever had.
You know, when we will eventually sell our house, I'm dreading it.

It seems that in my neighbourhood, all of the realtors want to be your new best friend. In my zipcode, many homes cost a few million $ as Wall St bankers, CEO's, surgeons etc. live in the township (We're in a very modest little old house, I'll have you know!) The realtors can earn a fortune in commission (especially at this time of year when the banks pay their annual bonuses) and the local realtors seem to be quite aggressive in trying to get the listings. The next town along, Summit, NJ where the o/p lives, is similar albeit with pockets where there are cheaper properties.

I don't know if anyone watches 'Selling LA' or 'Selling New York' (both on the HGTV channel on Thursday nights. Indeed, the woman and her two daughters on 'Selling New York' remind me of the three witches in Macbeth lol! ). I can't stand fake people like this....and they're similar to the realtors operating where I live. They give me the creeps

What gets me is the local newspapers and quarterly magazines which list the estate agencies based nearby, with all the photos of their realtors. My friend burst out laughing when she saw one photo of a realtor handling her rental....she said it must have been taken 30 years ago because the realtor must now be in her late 70s and looks nothing like her old photo

There is a 'big name' realtor operating in our local towns. I received her newsletter last week...I couldn't believe what I was reading....she was gloating about a family holiday they'd had in Australia, which colleges her kids had got into, an internship one of her daughters had done....then went on to list all the family news for the people working for her (complete with photos) and the bar/bat mitzvahs they'd held for their kids. I rolled my eyes when she wrote about one of her minions: "One of the families left their house to move overseas. They did not leave the house so clean, so 'D' got down on her hands and knees to scrub the floor'.... WTF?
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Old Feb 23rd 2012, 7:29 pm
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Default Re: Realtors License

You'll be hated and one step up for a second hand car dealer.

You'll not have any contacts and so struggle to get into it.

If you work with accountants, bankers and insurance brokers or know plenty of them, you'll have a good base of contacts of people referring customers to you. Best yet is trying to blag it onto a designated list for a bank, they normally have a list for realtors and for lawyers to deal with local foreclosures but it's hard to get onto that list apparently.
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Old Feb 23rd 2012, 8:11 pm
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Default Re: Realtors License

About 90% of the real estate agents barely make a living. The other 10% have a niche.

For example when I sold my last place (a complex of about 200 townhouses and detached homes on a ridge), I used a selling real estate agent that was used by about 50% of the people in the complex because she was known to be able to sell homes in that complex, knew a lot about those homes, and knew how to get around issues for that complex. She did very well selling homes in that complex but that was about 90% of her business. Without that complex, she would be lucky to sell more than couple homes per year.
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Old Feb 23rd 2012, 8:14 pm
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Default Re: Realtors License

Originally Posted by Michael View Post
About 90% of the real estate agents barely make a living. The other 10% have a niche.

For example when I sold my last place (a complex of about 200 townhouses and detached homes on a ridge), I used a selling real estate agent that was used by about 50% of the people in the complex because she was known to be able to sell homes in that complex, knew a lot about those homes, and knew how to get around issues for that complex. She did very well selling homes in that complex but that was about 90% of her business. Without that complex, she would be lucky to sell more than couple homes per year.
So, would you say she specialises in that complex?

Last edited by Uncle Ebenezer; Feb 23rd 2012 at 8:17 pm.
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Old Feb 23rd 2012, 8:48 pm
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Default Re: Realtors License

Originally Posted by Uncle Ebenezer View Post
So, would you say she specialises in that complex?
Yes. She also owns a home in the complex so people know her which helps her to become the selling agent. Although I used her for selling my last home, I wouldn't consider her to sell my current home if I decided to sell since my current home is in a different area (urban instead of suburban) and a completely different type of complex.

In my current complex, most people use a selling agent that lives in complex adjacent to the complex. He was the selling agent that sold me my current home.

When I sold my original home, I found the new home by myself and thought that I would be in a better position to negotiate the price down but when I talked to the selling agent of my old home, she convinced me to let her be the buying agent and that she would split her commission with me. So I really only ended up paying about 4.2% to sell my home instead of 5.75% that I should have paid because of the rebate from my buying agent. And even though I ended up getting a rebate from her, she did the negotiation for the buying price, reviewed the contract, was involved in the inspection and other documents, and handled the escrow account.

The sell of my old home occurred at the same time as the purchase of the new home.

Last edited by Michael; Feb 23rd 2012 at 8:51 pm.
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Old Feb 23rd 2012, 8:52 pm
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Default Re: Realtors License

Originally Posted by Michael View Post
Yes. She also owns a home in the complex so people know her which helps her to become the selling agent. Although I used her for selling my last home, I wouldn't consider her to sell my current home if I decided to sell since my current home is in a different area (urban instead of suburban) and a completely different type of complex.

In my current complex, most people use a selling agent that lives in complex adjacent to the complex. He was the selling agent that sold me my current home.

When I sold my original home, I found the new home by myself and thought that I would be in a better position to negotiate the price down but when I talked to the selling agent of my old home, she convinced me to let her be the buying agent and that she would split her commission with me. So I really only ended up paying about 4.2% to sell my home instead of 5.75% that I should have paid because of the rebate from my buying agent. And even though I ended up getting a rebate from her, she did the negotiation for the buying price, reviewed the contract, was involved in the inspection and other documents, and handled the escrow account.

The sell of my old home occurred at the same time as the purchase of the new home.
Hmmm ... sounds like a very complex situation.
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Old Feb 23rd 2012, 8:54 pm
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Default Re: Realtors License

Originally Posted by Uncle Ebenezer View Post
Hmmm ... sounds like a very complex situation.
Behave.
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Old Feb 23rd 2012, 9:09 pm
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Default Re: Realtors License

Originally Posted by Jerseygirl View Post
Behave.
You're always getting on at me - its a wonder I don't have a complex.
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Old Feb 23rd 2012, 9:17 pm
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Default Re: Realtors License

Originally Posted by Uncle Ebenezer View Post
You're always getting on at me - its a wonder I don't have a complex.
You're just too complex for me to understand.
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Old Feb 23rd 2012, 9:26 pm
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Default Re: Realtors License

Originally Posted by Uncle Ebenezer View Post
You're always getting on at me - its a wonder I don't have a complex.
You bad.
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