Interested in Real Estate

**610** · 02-26-2007, 10:11 PM

So, I'm not a realtor, but I'm very much interested in becoming an agent / realtor. I'm just looking for advice and what to do, and where to start. I've been reading and gathering information on everything. I'm located in Northeast Ohio. I'm basically looking for information on how I should get started... schools, general information, suggestions, etc.

Thanks in advance!

**jimkimmons** · 02-27-2007, 06:06 AM

Real estate can be a wonderful career, but with the large majority of new agents failing in under two years, you really need to understand the challenges as well as the benefits.

It's all about knowledge, a plan, and implementing the plan over time. Here are some articles on the pros and cons, as well as a new agent plan. Pay particular attention to budgeting, both personal and business and you'll be able to get through the lean times to success.

**610** · 02-27-2007, 06:02 PM

Thanks for the information.

I hope to put a lot of research in outside of school as well.

**noobdogs** · 03-02-2007, 02:45 PM

well first you'll get your sales license. you'll work as an independent contractor under a broker's license. each state has different req's for doing all this but it basically boils down to a class and two tests - one for the class and one for the state. you then find a broker and the state sends your license to the broker's office.

there really isn't much to it - getting the license that is. the real challenge is after you start up - it's BEST to find a brokerage with EXCELLENT TRAINING.

the costs to get the license are minimal. the costs of starting up average around 1000 bucks - insurance fees, mls fees, some trainings...

then you'll find out, depending on the broker office - you may pay desk fees and then you'll also have to figure out commissions splits.

some brokerages offer straight commission splits with no desk fees.

it's all different - the national brokerages charge a percentage off the top for national advertising, etc...

go for it man! you can do it. just have a plan and find a good niche, like working with investors or foreclosures or commercial retail etc...