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Become your own agent


               
2012 Jan 31, 2:34am   2,552 views  11 comments

by RentingForHalfTheCost   follow (2)  

Has anyone on this forum become a real estate agent just to close their own deals. Come on, how hard can it be. I envision a room with everyone just repeating over and over. "Now is a great time to buy" followed by "Now is a great time to sell". Oh, and don't forget "Interest rates are at an all time low and are only going up".

#housing

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2   bmwman91   @   2012 Jan 31, 8:36am  

How much do the classes cost, how much for the NAr membership, and how much for MLS access?

3   PockyClipsNow   @   2012 Jan 31, 8:37am  

i did it. SUPER EASY.
Except if you are your own agent you will STILL be better off letting the listing agent double dip the commission to snag a good deal.

Sad huh?

When is it worth it? to SELL your own home (and u get to double dip, cha-ching!)

4   PockyClipsNow   @   2012 Jan 31, 8:40am  

Here is what I spent:

Time: 2 weekends of cramming to pass broker exam.
$:
about $200 in classess/books
NAR/MLS Access/Keybox: $1200 a year.

you do get a lot with mls/car/nar membership - the CAR forms are standard and if you submit an offer 'not' on a CAR form they will normally trash it due to legal liability or ask it to be on a car form.

NOW if you dont have a 4 year degree the whole situation is different you gotta be a slave to a broker for 2 years.

If you passed to BAR exam already its even easier - no classes just take exam (i think).

Its all spelled out here:
http://www.dre.ca.gov/lic_home.html

I would like to point out that most people who have spent 5 years bashing agents woulda been better off getting the license and learning the hard way how 'it works'. INCLUDING PATRICK!

5   waitingandwatching   @   2012 Jan 31, 9:19am  

That sounds like a good deal to me. One way or another I would save money on the deal, either by being more knowledgeable and getting the short sale at a better price, or by buying a REO/Normal Sale myself and saving the $15K commission.

Thanks for the info!

6   PockyClipsNow   @   2012 Jan 31, 9:32am  

YES. I applaud your attempt at 'if you cant beat em join em'. It really is super easy to pass any and ALL government exams. One reason is EEOC requirements and the fact that median IQ is what they are geared for. If you work in IT or pass exams in college ez its a breeze.

I let my license expire as I am renting 4eva and RE appears to 'be broken' as an investment for a long time to come.

7   Ferrari   @   2012 Jan 31, 9:46am  

PockyClipsNow:my understanding is that even with a 4 year college degree, you still need to take a good set of RE classes. Did you take these required classes beforehand?

Thanks

8   dutchboyjay   @   2012 Jan 31, 9:58am  

How about 1 year broker enslavement and a 2 year degree?

9   AuntieMame   @   2012 Feb 1, 6:10am  

$1200 a year seems steep to me.

10   bubblesitter   @   2012 Feb 1, 8:26am  

Become your own agent? Well then you'd have to give up your virtue called - honesty. LOL.

11   PockyClipsNow   @   2012 Feb 1, 1:01pm  

yes the online classes are super cheap and easy.

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