Want to be a Real Estate agent?

[krazynammer69]

so i was just wondering how the program was for?
was it hard? a lot of information?
what mark is needed to pass the course and things like that?
i know the economy is bad but i want to try cuz i hear u can make like 3000 per house

[TACO.VIDAL]

Work at Radio Shack. Get fired.

Work at used car dealership. Get fired.

Work as real estate agent. Make Millions.

[project240]

http://www.creb.com/

Do some reading...

[Xtrema]

Originally posted by krazynammer69
so i was just wondering how the program was for?
was it hard? a lot of information?
what mark is needed to pass the course and things like that?
i know the economy is bad but i want to try cuz i hear u can make like 3000 per house

:D

You are too late kid.

Starting out as an agent now means lot of work, no pay just to build up your network. On top of that, the market sucks.

I think if you don't know 100 people right now, it's hard to start.

[03ozwhip]

i agree, it was one of the other things on my list of things to try but i missed the bus. maybe in a couple of years it might be worth looking into again, but realistically oyu have to be financially stable and go for AT LEAST 6 months without a paycheck. you have to be prepared to not sell anything for a while.

[barmanjay]

hope you have about 10k sittin around to take the courses and pay the fees.

expect to only make 1 sale every 2 months if you are lucky,.. and pay larger commission split fees as a newb.

If you project 3k for each sale,.. can you live on 1500/month?

keep an alternative source of income

[civic_rida]

Yea i think some newbie realitors are going to have a wake up call.
5700+ real estate agents in this city only a small percentage of them make over 6 figures.

[ZorroAMG]

It's the same in EVERY industry:

20% of the people make 80% of the money.

You sound like a "free ride sans work" kinda guy, judging by your opening post.

Best of luck.

[Canmorite]

Originally posted by ZorroAMG
It's the same in EVERY industry:

20% of the people make 80% of the money.

You sound like a "free ride sans work" kinda guy, judging by your opening post.

Best of luck.

20/80 sounds generous too.

[barmanjay]

more like 15/85

[ZorroAMG]

More like..more like ...13.5/86.5!!!!

:rolleyes:

LOL

[Super_Geo]

Originally posted by krazynammer69
so i was just wondering how the program was for?
was it hard? a lot of information?
what mark is needed to pass the course and things like that?
i know the economy is bad but i want to try cuz i hear u can make like 3000 per house

I hear you can make like 6000 per house!! Quick, go take out a high interest loan and take the course!! I'll join as well, we can race Lambos next spring!!!!!!!!!!!11!!!!eleven!!

[Kloubek]

I think when this market was really hot, agents did VERY well for themselves. I mean, look at a certain realtor's house. ;)

But in today's market, I think it's a tough industry and some realtors are struggling to put food on the table. It sounds to me like you're only interest in it to make the "quick money", and I think you'll be sorely disappointed.

[Super_Geo]

Is the 5700 realtor count pretty accurate?

How many homes/condos are sold per month?

[civic_rida]

yea thats what creb.ca says.

This month stats

453 houses
187 condos

[barmanjay]

Originally posted by civic_rida
yea thats what creb.ca says.

This month stats

453 houses
187 condos

that's crappy

to sustain the current amount of realtors, we need about 1500 sales/month

[Xtrema]

Originally posted by barmanjay


that's crappy

to sustain the current amount of realtors, we need about 1500 sales/month

uhhh

Assuming buy and sell agents are different in each transaction, you need 2900 sales to sustain 5700 agents.

And the fact that a single sale only cover your monthly cost, you'll actually need 2 sales to be viable, so more like 5800 sales.

But I am sure of the 5700 agents, 3000 of them are doing it part time and have a proper day time job like property management or mortgage broker or others to put food on the table.

[Heff]

Combine your strengths:

Go FT Realtor, FT House Flipper.

:poosie:

Or go to Los Angeles and make mucho denero!

[G3500]

Originally posted by Heff
Combine your strengths:

Go FT Realtor, FT House Flipper.

:poosie:

Or go to Los Angeles and make mucho denero!

good idea...but it's kinda hard to flip houses in this market..

[civic_rida]

It doesnt always go like in the t.v. shows.

[JordanLotoski]

Originally posted by TACO.VIDAL
Work at Radio Shack. Get fired.

Work at used car dealership. Get fired.

Work as real estate agent. Make Millions.

Yeah its just that easy:rolleyes: ...Just to give you guys an idea last year 275 or so realtors made the MLS Million dollar club...out of 5700 agents...The agents who make that club are selling 40 to 300 homes per year.

[JordanLotoski]

Originally posted by Kloubek
I think when this market was really hot, agents did VERY well for themselves. I mean, look at a certain realtor's house. ;)

But in today's market, I think it's a tough industry and some realtors are struggling to put food on the table. It sounds to me like you're only interest in it to make the "quick money", and I think you'll be sorely disappointed.


If your refering to me...I actually did better in 2007, and this year then i did during the boom....It was hard to sell a house during that time...When each house has 2-10 offers its hard to wrap up a deal.

[civic_rida]

But you have to agree that this year has been pretty brutal for people who are just starting out with no experince.

miwyfshot
"Proud member of the MLS Million Dollar Club " baller "

[JordanLotoski]

^^^ hell yeah....the smartest thing for a new realtor is to attach themsleves to a bigger name realtor...I have 2 agents that do work for me, and i let them co-list some of my listings....its a great way for them to get their name out there and make a little bit of money.

[GTO]

I just finished mine and started as a realtor in october, havn't sold anything, and have been working hard since I started. You have to work your ass off in this market and its tough. I have paid almost $13000 already to become one, and take my advice don't do it unless you know some people that are looking to buy or sell by the time you finish your course.

As for the course you do have to study the books its not easy. And you need 70% in every exam to pass.

[AZ REALTY]

Originally posted by GTO
I have paid almost $13000 already to become one, and take my advice don't do it unless you know some people that are looking to buy or sell by the time you finish your course.

Wow.... I can't believe it costs nearly $13,000 for your agents license in Calgary. There are plenty of agents, particularly part-time that don't even make that in a year in commission. At that cost, you should definitely be looking for potential clients while taking the courses to try and re-coup your costs as soon as possible.

[krazynammer69]

is the $13000 from october till now
or just for the course n exams

[JordanLotoski]

^^ I think he is talking the course, creb fees, brokerage fees, signage, business cards and so on...

[Euro838]

Just a question, what is the MLS Million Dollar Club? I tried to google the requirements/qualifications but didn't find a definite answer. I would have thought an answer would have come up pretty fast and easy on the first couple of pages.

[civic_rida]

when you make a million dollars a year:poosie:

[civic_rida]

just kiddin. I think million dollars in sales maybe.

[Super_Geo]

Originally posted by civic_rida
just kiddin. I think million dollars in sales maybe.

That's like what.... 3 condos?

I think it has to be $1,000,000 in pre-tax commissions.

[JordanLotoski]

Its actually based on points...CREB has a very odd way to calculate it which i really cant explain...you usually need a min of about 37-40 sales per year to get to a million points.

[civic_rida]

Do you have to make the million points every year to stay in the club?

[Machi]

Originally posted by civic_rida
Do you have to make the million points every year to stay in the club?

as far as I know, yes you do..