FAQ for potential agents
How do I get started?
The first step is to take the Principles and Practices class. this is a state mandated 60 hour class. It is given in a variety of schedules, including evening and weekend schedules, and daytime schedules. With the daytime schedule you can be eligible to be licensed. To actually become licensed, you must affiliate with a Broker.
How do I choose a Broker?
You need to do your research, and interview with the offices that you feel represent how you want to do business. Then, during the interview, ask about the history and market share of the company, training available, the agent resources you would have at your disposal and the core values that the manager/broker commits to in the office. You need to feel good about the atmosphere you are in so you can thrive. But understand that this is a 2-way street: The manager or Broker wants to know your level of commitment and professionalism to know if you are a good fit for their office and culture. They will be investing a tremendous amount of time, money and resources to get you started. They are interviewing you as much as you are interviewing them. Be prepared.
Can I do this part-time?
There really is no "part time" in a successful real estate business. It is a matter of working two full time occupations well. There are some people who can run their business of real estate successfully while pursuing another career. The people who are most likely to succeed doing this "dual career" are accessible while on their other job, have a flexible schedule, and can control their schedule to allow for last minute changes. Real estate as a whole is not nights and weekends - all the ancillary industries we deal with are 9-5 business for the most part. And clients do not want to feel neglected because their agent didn't have time for them. If the financial stability of starting part-time is a necessity, then create a goal and a time line to convert to full-time. It will make it easier to commit the extra hours needed to get up and running and complete transactions if you can see the light at the end of the tunnel.
How much does it cost to get started?
Start-up costs will be about $1,500, just for the basics of getting started. As an investment in starting your own business, the cost is not very high. you would also want to have a marketing budget and a career development budget to ensure that you are adequately promoting yourself, and continuing to grow in this industry.
How can I learn more?
Attend a career seminar, or call to speak one-on-one with a manager in a company you want to join. I would also recommend "Up and Running In 30 Days" by Carla Cross. It has terrific information on what you can expect to encounter through the early days of your career.