If you’re thinking of becoming a real estate agent, it’s definitely worth it to look into every aspect of the different real estate jobs before you make a decision:
Some of the pros include the freedom to not work 9 to 5, and of course, unlimited earning potential. To succeed as a real estate agent, you have to have a huge market knowledge base and be extremely dedicated. The best real estate agents work crazy long days and are constantly on their feet or on the phone, looking for new business or following up with clients.
For every wonderful buyer or seller, there is another who will try to ruin your life. New agents don’t make a lot (if any) money to begin with, and starting from the bottom can be very frustrating. You’re on call basically 24 hours a day.
So rack your brain, do some soul searching, and if the outcome seems positive, take the following steps:
1) Make sure you’re 18 years old.
2) Find a class (I recommend REEDC Real Estate School) where you’ll have to take 75 hours of class time. These classes usually cost around $300. You’ll cover topics like License Law, Fair Housing, and Easements and liens. If you completed a course before July 1, 2008, you’ll only have to finish 30 hours. You’ll have to take an in-class school exam to pass this section of your hours. Please see NYS real estate requirements here.
You have to pass the test with a 70 percent score?and according to many agents, the test itself isn’t too difficult. It’s the next six months that are the troubling times.
A Day in the Life of a Real Estate Agent
An agent wakes up every day with a big smile on their face and a jig in their step, ready to hang and face the world out with their appreciative clients. Just kidding. While some people might think that agents make a lot of money for seemingly little work, the job is very demanding and often comes with little acknowledgement for services rendered. Sometimes an agent does hit the jackpot, perhaps grabbing an exclusive listing from a rich friend and then having an all-cash buyer walk into the first open house without a buyer’s broker representing them. That rarely happens. A complete deal takes months of back and forth between the cooperating broker, the attorneys from both sides, the mortgage broker, the seller, the buyer, and many other bit players.
Real estate agent jobs can be working for a seller or a buyer, which are very different jobs and require various skills. Many agents work on both sides of the spectrum. Seller’s agents can take a sigh of relief knowing that they sometimes have less running around, since the buyers’ agents have to come to them.
Buyer’s agents work around their clients’ schedules, which could mean trying to schedule early morning showings (and begging other agents to go along with them) or scheduling late night showings (and begging other agents to meet them there). Since most of the sales listings in NYC are “exclusive” listings, meaning that they are only accessible through a scheduled appointment with a broker, making appointments is a huge part of a broker’s day. This headache can be calmed a bit if an agent is part of a team or has an assistant just for this purpose. If a broker has a busy schedule, finding time not only to make an appointment but to also accompany a client and be on time can be a very intense experience.
When an agent is actually out on appointments, they have to concentrate on a lot of different tasks. This can begin with simply making appointments for the right kinds of apartments so as not to waste anyone’s time, which could mean previewing properties to check out the views and state of the renovations. They serve as a shrink to counsel the buyer through the pros and cons of every property.
A client can come in especially for a day of appointments, but if they’re notoriously late, an agent has to plan that out ahead of time. Not wasting someone’s time is important to everyone? If an agent completely blows off an appointment, that might reflect badly on them for the rest of their career. If an agent has a reputation for being late, being obnoxious, or being extremely difficult, other agents might not even want to work with them.
Since a real estate agent is an independent contractor to a brokerage, their day doesn’t usually include meetings with the management unless they need guidance on a deal or they’ve done something wrong. The busy agents are out all day on appointments and only make visits to the office to organize themselves on various things. The bored agents put up ads on Craigslist or some other website to scrounge and try up some clients. Other parts of an agent’s day can include putting together a client’s board package for their purchase or following up with current clients. Smart agents also call their contacts to see how they’re doing on their home search? “warm calling” people they know and even “cold calling” random people.
Being a real estate agent is what you make of it. As a seller’s broker, an agent has to be accommodating to schedules and negotiate shrewdly for the sellers.
The best real estate agents work crazy long days and are constantly on their feet or on the phone, looking for new business or following up with clients.
Real estate agents can be working for a buyer or a seller, which are very different jobs and require various skills. Seller’s agents can take a sigh of relief knowing that they sometimes have less running around, since the buyers’ agents have to come to them. Buyer’s agents work around their clients’ schedules, which could mean trying to schedule early morning showings (and begging other agents to go along with them) or scheduling late night showings (and begging other agents to meet them there). If an agent has a reputation for being late, being obnoxious, or being extremely difficult, other agents might not even want to work with them.
If you are looking to start a career in real estate and would like to be considered for a real estate position at CRUM. Please fill out the link below and we will schedule an interview with you shortly.
And Thank You for considering CRUM Real Estate.