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#328161 - 02/23/10 05:43 PM Re: New Young Agent with Mother in the Business. [Re: estatereal]
estatereal Offline
Major Contributor

Registered: 01/27/07
Posts: 2779
Loc: LAND OF THE FREE!
now that i got off of my chest waht i wanted to say, here is the skinny.

you have several choices.

be an ethical unliscensed assistant
be a liscensed assistant
be an liscensed agent


regardless of the path you choose, become a master of your craft. dont work for the commission, work to get the home sold. the commission comes after that.

get a system (or several)

master a system (or several)

read everything that you can get your hands on

go to every bit of training that you can go to

my first year in the business i had 3 times the amount of continuing education needed to renew my liscense at the 2 year mark! that was sometihng i was proud of!

its obvious you dont fully know the rules. thats ok. learn them.

good luck to you.

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#328185 - 02/23/10 06:32 PM Re: New Young Agent with Mother in the Business. [Re: estatereal]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8476
Loc: georgia
Will it seems you are trying to justify your logic by the fact that you need the money. The problem is federal and state laws along with your real estate commission does not care about your financial problems or struggles. Unless you are from a rich family this is the same story over and over again. Many of us struggled in the beginning ME included. Many fail but to the few that succeed go many rewards.

Your mom is she the principal broker and owner of a company? If not and she is an agent or just an associate broker then you being a licensed assistant will have to be cleared with her head broker first unless it gives her that leeway in her Independant Contractor agreement.

Your state commission will define in their statutes what constitutes ACCEPTABLE and UNACCEPTABLE duties for a licensed and an unlicensed assistant.

Your mom could pay you a fee as an independant contractor as an unlicensed assistant. Your mom would need to not keep you on set hours as that might be seen by the IRS as an employee in which your mom would need to pay social security,medicare,unemployment etc.

She would have to check state laws as the rules change per how many employees you have at a company and with just 1 their might be exemptions.

Now with all that said you are OVERANALYZING selling real estate. I use to think years ago about everything that would go wrong at a meeting (worst case scenario).The reality 6 years later is that about 98 percent of the time it never is bad like you think it will be.

I go to appointments and either get the business or I don't. Sometimes I look at the property and do not want the business.

Don't let your mind get in the way of your success. Most successful people I know just get out there and do it and don't focus on all the reasons they can't make it.

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#328237 - 02/23/10 11:25 PM Re: New Young Agent with Mother in the Business. [Re: super realtor]
Will12345 Offline
Member

Registered: 02/23/10
Posts: 21
Loc: VA
Wow. Thank your for a normal response. That is what I was looking for unlike all the chastising comments. I'm looking for advice from experienced real estate agents with the mindset to help others. If money doesn't motivate you and you are 23 living in your PARENTS house I don't know what does. I will be the best agent for my clients and I "truly" believe that too, lady. As for being "ethical." I am sure I will have to be, my mother will make me as her [censored] will be on the line. I was looking for solid advice instead I got a lot of flack. It is as though I messaged a group of whom starred in the classic movie "Grumpy Old Men." Or rather "Grumpy old ladies." Give me a break.


Edited by Will12345 (02/23/10 11:27 PM)

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#328243 - 02/24/10 01:05 AM Re: New Young Agent with Mother in the Business. [Re: Will12345]
BaddestCross Offline
Member

Registered: 08/25/07
Posts: 112
Loc: SoCal
After studying up on ethics and real estate license law you may want to read How to Win Friends and Influence People.

I'm sure you'll be a successful agent ... You already think and talk like 90% of the ones I deal with every day. Good luck.

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#328244 - 02/24/10 01:20 AM Re: New Young Agent with Mother in the Business. [Re: BaddestCross]
Will12345 Offline
Member

Registered: 02/23/10
Posts: 21
Loc: VA
We shall see, perhaps I won't be. Perhaps I will. If it doesn't work after a year or two, it's not meant to be. I will though put everything I got in to it. I do NOT want to tuck my tail between my legs in front of many friends and family. That will add immense motivation and pressure when times are down. (which is a good thing) I sincerely hope you are successful. Spread the wealth.

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#328245 - 02/24/10 01:25 AM Re: New Young Agent with Mother in the Business. [Re: Will12345]
Will12345 Offline
Member

Registered: 02/23/10
Posts: 21
Loc: VA
That more like it? I just read the, "How to Win Friends and Influence People Column." Just kidding. Little sarcasm I figured would lighten the mood.

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#329896 - 03/06/10 08:22 AM Re: New Young Agent with Mother in the Business. [Re: Will12345]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2813
Loc: X
Bump - I wonder what happened to our friend. We never heard back from him after his exam. Hmmmmmmm.... wink

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#329935 - 03/06/10 12:46 PM Re: New Young Agent with Mother in the Business. [Re: TB in TX]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4725
Loc: Vermont's North-East Kingdom
Isn't the Old Adage "No News is Good News"; or am I remembering that incorrectly?

The intended technique he described for entering the industry was one which probably had to be done on the Q.T. anyway . . . . cuz if'n it's gonna work, he can't be broadcasting it all over tunderation.

I wonder why Hammurabi started the tradition of having Laws, Rules and Regulations anyway. Who needs them?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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