Thinking Of Becoming A Real Estate Agent In A Down Real Estate Market?How do you pursue a career in real estate? Where should you start your search when looking to become a real estate agent? A reader wants some job advice in this area.

Q: I graduated with an associated degree in real estate, but I haven't taken the big test, yet. I would love to work with a broker or a salesperson and see what it’s like to work in a residential brokerage company. That would be the best experience. How can I make that happen?

A: You do not need a real estate license to do some jobs in a real estate office. For instance, you could be a receptionist, work as part of the staff that helps get paperwork and documents ready for closing, or be an assistant to a top-selling real estate agent with limited ability to deal with buyers and sellers and probably without showing properties.

But having your salesperson's license will be a huge asset because it will tell everyone that you’re serious about pursuing a career in real estate. It will also allow you to do things like show property (which you typically cannot do if you don't have a salesperson's license) which will make you more valuable to a top agent.

The big problem is that times are tough for real estate agents, and many firms have cut the number of people who were doing jobs like these. They simply don't have enough business to pay for them.

You should make an appointment to talk to the hiring manager at some of the bigger firms in your area and see if there are any openings that will at least help you get your foot in the door, and hopefully pay you while you're taking the salesperson's license.

Even if you can't get a paying job, you should offer to intern with an agent for free, just for the experience.

For more tips and advice on real estate, logon to ThinkGlink.com.

 
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3 Comments on Thinking Of Becoming A Real Estate Agent In A Down Real Estate Market?

NOV
05
119,450 Points 1 Featured Post

I just recently obtained by real estate license. I chose to go ahead and "take the test" for the experience. I understand what agents have gone through. I don't know that I will be a salesperson any time soon but it can't hurt to have the license.

10:32am • #1
Outside Blog

Obtain your license ASAP! DO NOT quit your job if you have one! I strongly encourage you to plan on NO INCOME for the first 3 months as a full time Realtor (and very little the first 6 months). There are many fees and hidden costs when starting into real estate sales. If you were to ask me where I would rank a new career as a real estate agent it would be just below a Chrysler car salesman!

If you can find a good Realtor that will let you work part-time that would be great. I do NOT suggest working for free as your willingness probably will not be rewarded (You can't beat free help). If you take Ilyce's advice and talk with managers of large firms remember one thing; the managers main goal is to make money for the firm, not provide you on the job training.

I make these bleak comments to insure you have no illusions of how tough today's real estate market is. Being a brand new Realtor or real estate agent without substantial cash flow from another source is very difficult in today's market. Good luck!

11:33am • #2
136,346 Points 1 Featured Post

Hi Robert,

Thanks for the additional advice and tips. While large firms may not provide as much on-the-job training, it may be a great place to start, as you'll have the opportunity and resources to learn from many real-estate agents.

1:39pm • #3

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Ilyce Glink

Chicago, IL

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Think Glink Publishing

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