THE FOUR THINGS YOU ABSOLUTELY NEED TO KNOW WHEN YOU DECIDE TO GO INTO REAL ESTATE
I wish someone told me these things (these are about Ohio real estate but I assume it translates). I hope this helps someone. I really, truly love what I do. Also you need to save up what you need to survive for 6 months. Because you should quit your day job if you're going to fully commit.
- •YOU'RE NOT GOING TO LEARN WHAT TO DO FROM GOING TO REAL ESTATE SCHOOL.They basically teach you what's against the law. Like what you're not allowed to say. As far as the ins and outs, your employer is going to have to teach you how to actually be an agent.
- •PICK THE RIGHT BROKER (EMPLOYER).For whatever reason you need to have a place to work before you can take your licensing exam. It's stupid and backward but whatever. There are VAST differences in brokers. Some do 50/50 splits. Some you pay a fee and then you get 100% commission. Some offer in person training and marketing. THIS IS AN IMPORTANT DECISION. YOU CAN CHANGE LATER BUT ITS A HASSLE. TAKE YOUR TIME TO FIND THE RIGHT ONE.
- •YOU WON'T GET RICH SELLING TO PEOPLE YOU ALREADY KNOWSome of your friends are going to be looking to sell their house. Your aunt is thinking about buying a condo. That's cool. You can help these people. BUT YOU NEED TO BUY LEADS. You can buy them from zillow, or Trulia, or Realtor.com or F*CKING ANYWHERE, but you NEED to do this. This is the NUMBER ONE THING THAT WILL DECIDE IF YOU CAN QUIT YOUR DAY JOB.
- •YOUR BOSS IS BUSY. FIND A MENTOR. GIVE THEM $$$.You need someone who not only knows what to do, but will take your calls on short notice and has an actual reason to do so. Your broker will tell you that they're there for you, but in all honesty they have too many people to watch over and really, do you want your boss realizing all the things you don't know? Plus, your boss is going to tell you the way things should be done. A mentor will know the shortcuts you can get away with.