#151126 - 06/27/07 03:04 PM
Took exam this morning - SIGH of relief....
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Member
Registered: 06/06/07
Posts: 17
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I am 99.9% positive that I passed. I'm in CA, and the Allied cram course materials really helped.
My fingers are crossed and I can't wait to get out there and get started!
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#151129 - 06/27/07 03:11 PM
Re: Took exam this morning - SIGH of relief....
[Re: $$Kate$$]
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Member
Registered: 06/21/07
Posts: 12
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Good for you! I took it a few weeks ago and used a practice CD to study. I was amazed at how much I knew when I opened the test booklet and didn't stress too much about passing. If you feel that good about it, I'm sure you passed. I took the test on a Tue and the CA DRE posted the results on Friday, so keep checking! Where in CA are you?
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#151137 - 06/27/07 03:30 PM
Re: Took exam this morning - SIGH of relief....
[Re: rosinagonzalez]
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Member
Registered: 06/20/07
Posts: 294
Loc: New Jersey
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Congrats, Now start getting your business plan together.
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#151142 - 06/27/07 03:37 PM
Re: Took exam this morning - SIGH of relief....
[Re: SummitNJ-Realtor]
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Member
Registered: 06/06/07
Posts: 17
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Thanks! I'm in south Orange County. I'm such a nerd- I'll be checking tomorrow I'm sure to see if my test results have posted yet.
As soon as I find out I passed, I will be meeting with my broker to establish next steps, I suppose. Business plan, huh? Got a template by chance? I should probably check out the agent forum for sticky notes that cover the basics.
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#151160 - 06/27/07 04:28 PM
Re: Took exam this morning - SIGH of relief....
[Re: moneymike]
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Member
Registered: 06/20/07
Posts: 294
Loc: New Jersey
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There is no template for a business plan of a Real Estate professional. Get gary keller's the millionaire real estate agent it is a good start.
Also my first year in real estate
just realize in normal markets only 1 in 30 make it through the first year. It is a ruff business. Be ready, plan and you have a better chance of success.
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#151161 - 06/27/07 04:30 PM
Re: Took exam this morning - SIGH of relief....
[Re: moneymike]
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Member
Registered: 06/21/07
Posts: 12
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Yea, I was checking the next morning too! I am in San Bernardino...not too far from you! Who are you signing with? I have met with Keller Williams (Love them!) and tomorrow I meet with Tarbell. We shall see...
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#151169 - 06/27/07 04:56 PM
Re: Took exam this morning - SIGH of relief....
[Re: rosinagonzalez]
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Member
Registered: 06/06/07
Posts: 17
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No! moneymike- don't tell me that! You pulled ahead eventually though which is the important part.
I really good friend of mine has set up his own shop and really just does R.E. on the side. I will be working under his broker license and he will be mentoring be through the process of getting myself up and running. He's a brilliant man, and has done remarkably well considering his other time commitments.
I am currently working full time at a large corporation heading up a Marketing department, and will be walking and knocking on the weekends to get up a running. I know it's not optimal to start up part time with real estate, but I'm pretty ambitious and have no delusions.
We live in a brand new neighborhood that’s priced at $1 – 6mil and I plan on working my way, tract to tract, meeting as many people as possible.
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#151339 - 06/28/07 09:44 AM
Re: Took exam this morning - SIGH of relief....
[Re: $$Kate$$]
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Member
Registered: 06/20/07
Posts: 294
Loc: New Jersey
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Hi Kate,
Do the following and you will save yourself lots of time and money depending on what you find.
Once you have access to your local MLS Look at your neighborhood for the past 5 years, break it down by year. First look at the number of homes that sell. What is the turn rate? You calculate that by finding the % of the total number of home in the neighborhood that sell each year. I don't market to extablished neighborhoods with a turn rate lower than 5%.
Second, Look at who is listing the homes, Create a spread sheet and put the names of the agents who listed each home that sold broken down by year. Look for agents who are doing more than 15% or 20% of the listings in the neighborhood. That will tell you who likely is marketing to the neighborhood, and if someone has it locked down or not. If someone is doing 30% or more of the listings, it is going to be very difficult for you to break into that Real Estate market for that neighborhood. If someone is doing more then 40% of the listings, don't even waist your time, you will note get much out of that neighborhood, unless that agent really PO's someone in the neighborhood and that someone spreads the word wide and heavy.
Real Estate Is a Ruff business. When selecting a Real Estate agent people like to choose who everyone else is using. They think they are going with a winner.
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