How Do I Break Into Real Estate??

[PhillyGuido]

Im out here in Philadelphia, I'm 19 years old. Graduated High School, went to college for a year and didn't like it one bit. I'm currently in the Pet Industry...Yes it's horrible and I hate it. So I would like to know the first steps I can take in getting into real estate. I think this is a good fit for me.

[HHI Golf Guy]

First, you need to have enogh money in the bank to live for 8-12 months with no income (unless you have another job or two). You might think I'm kidding - but I'm not.

You will need to obtain a real estate license. Contact your local Association or Realtor's and find out when they offer their pre-licensing course. It will probably cost around $500 for those classes. Once you pass the class you can take the state exam.

After that, you will need to find a broker to work for. Many times local brokerages have open houses or seminars around the time the pre-licensing course is wrapping up.

One of my clients is one of the top agents in the Main Line area. If you like, I can give you his contact information so you can call him and ask him some detailed questions. If you would like to do that, contact me by private message with your name and contact information.

[vrem]

Yeah see if you can find a mentor of some sort. Get your foor in the door anywher you can!!!



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[543LISTguy]

I strongly agree with the need for some $$$$ upfront. In addition to the cost of your classes you will prob also be faced with:

Association fees
Errors and Omissions Insurance
MLS dues
State exam fee
etc, etc etc....and then there are the office related costs

I have only been in the business for 2 years. I was so frustrated at first and really thought the business was set up in such a way as to run off as many newcomers as possible and thereby keep the competition down. Everytime i looked around i was having to pay something to somebody so i could have a job and i wasnt making a dime....2 years later and it is a little better....my broker tells me if you get through the third year you will be fine.

[MileHighAgent.com]

Hello PA!

I would recommend staying in your current industry/job while at the same time going to Real Estate School and passing the Real Estate Exam. It will take a ton of dedication and hard work (working all of the time) but after about a year it should pay off. Once you've passed the test, you're going to need money - as others before me indicated - so your income is extremely important. Use your current network in your industry to kick start your real estate business. Tell EVERYONE you know and meet at home, fun, work, in line at the grocery, etc that you are a REALTOR. After a few months you should be on your way with your first clients. Be sure to tell everyone and let everyone know that you'll take great care of thier referrals. People you know trust you - your sphere of influence (the people you know already through your current network) already know and love you - so they'll be your first clients! I also recommend finding an extremely successful local Realtor to be your mentor and inspiration - Realtor's love to talk about success stories and share ideas - use your local successful Realtors to keep you going and with fresh ideas and inspiration. You'll do great!