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Investors are more interested in locating
properties that they can buy, not properties they can list. It soon
became a clash of ideology with my broker. Her disdain for investors
did not bode well for my investing career. I ultimately decided not
to renew my license.
But I certainly came out of that experience
knowing a lot about real estate. It was a great foundational
education. But a rather expensive lesson in choosing a business
model.
All in all, taking the courses for a sales agent
was a big leap for my understanding of the principles of real
estate, but the fees and costs associated with being licensed were a
definite burden to someone who was not really interested in
functioning as a sales agent on a day to day basis.
If I were considering that decision today,
knowing what I now know, I would take the sales agent course but I
would not plan to take the exam or get my license.
There are advantages both ways. In making your
decision, keep in mind your long term objectives.
If one of your objectives is to learn to buy and
sell real estate, and you are willing to work with investors, you
could have a built in clientèle waiting for you.
Investors are always looking for a good sales
agent to work with. This could be a great way to build your business
and learn investing at the same time.
On the other hand, keep in mind that this
business does cost money. You may have to split commissions with
your broker. And you will be required to pay fees for things like
MLS membership, lockboxes, electronic keys for lockboxes and other
items.
You can interview a local broker in your area to
find out what costs will be involved. Then you can decide if this
course of action makes sense for you. Tip: Be sure your broker is OK
with investor activity if you plan to work with investors. You
broker will have a lot to do with your success as a sales agent.
Choose one carefully.
Donna Robinson is a real estate investor, author,
and consultant located in Atlanta Georgia. You may read more of her
articles on her website at
http://www.realestateinvestorhelp.com/
or you may contact her by email at
drobinson@reihelp.com or
call 404 542-9903. |