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#389824 - 09/19/11 11:03 PM List of Questions
Supreme Offline
Member

Registered: 09/06/11
Posts: 14
Loc: Mass,United States
1)If Im a real estate agent will my commission increase as I start closing on sales? How long will it take for my commission to increase?

2)Im 19 years old and I want to get into the real estate business. Will being young hinder my

3) How could I find out how the market is in my area?

4) How could I find out which homes are being brought?

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#389827 - 09/20/11 12:36 AM Re: List of Questions [Re: Supreme]
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
your commission increase will depend on the commission structure defined by your particular broker. it may also be negotiable.

market knowledge is learned from experience. get licensed and learn as much as you can.

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#389852 - 09/20/11 08:53 AM Re: List of Questions [Re: Supreme]
75Corvette Offline
Member

Registered: 09/16/05
Posts: 431
Loc: Ohio
Being young will hinder you with some people, while others will be glad to work with you, provided that you have a professional appearance and demeanor. Some of the most successful agents in my area are in their early-mid 20s, but there are also those who come in expecting to get rich without doing a lot of work (and they aren't necessarily young). They don't last so long. I think it will be the service you provide, and not your age, that will be the determining factor in your success. Good luck!

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#389856 - 09/20/11 10:29 AM Re: List of Questions [Re: Supreme]
Supreme Offline
Member

Registered: 09/06/11
Posts: 14
Loc: Mass,United States
Thank you for the comments.

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#389867 - 09/20/11 01:11 PM Re: List of Questions [Re: Supreme]
Supreme Offline
Member

Registered: 09/06/11
Posts: 14
Loc: Mass,United States
Would I be able to make transactions even though im not a investor?

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#390378 - 09/26/11 09:55 PM Re: List of Questions [Re: Supreme]
jbsnadb Offline
Member

Registered: 01/18/11
Posts: 135
Loc: Montgomery County, PA
1) Depends on what brokerage you're with.

2) Only if you let it.

3) Read. Go to open houses. Ask seasoned agents in your area. Etc.

4) These things are listed in the local paper (but a bit behind). Websites like Zillow can show you homes that sold recently. Once you're licensed, you can access that info through your MLS.
_________________________
My blog is now active! Just Off The Main Line - Montgomery County Real Estate

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#390409 - 09/27/11 09:55 AM Re: List of Questions [Re: Supreme]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4726
Loc: Vermont's North-East Kingdom
Originally Posted By: Supreme
1)If Im a real estate agent will my commission increase as I start closing on sales?

Most places, your commission doesn't even exist until you start closing tranactions.

I know of only one (1) Real Estate Firm that put new Agents on a draw against future commissions . . . . and they went out of business for that and a variety of other reasons.
_________________________
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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#390621 - 09/29/11 10:14 PM Re: List of Questions [Re: Vermont]
Supreme Offline
Member

Registered: 09/06/11
Posts: 14
Loc: Mass,United States
Is there a way I could get free contracts?

I just found a buyer who is willing to pay for properties in specific areas. What exactly do I do next? I know I look for motivated sellers in the areas the buyer wants to buy in, but how do I offer deals with the seller? The buyer wants to buy a house under 50,000 so should I buy a house way below 50,000, that way when I do sell it to the buyer for 50,000 I would be able to pay the seller back and make a good profit when I sell it? Do I make a blind offer, or do I make an offer from following a certain formula?

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#390796 - 10/03/11 02:12 AM Re: List of Questions [Re: Supreme]
Maui Offline
Moderator
Veteran Member

Registered: 01/13/10
Posts: 726
Loc: Maui, HI
Based on your questions, I have to ask: what exactly do you think a real estate agent does?
_________________________
Visit a Maui Blog , then view our ActiveRain page and Maui Wordpress Blog for local events and market stats. View one of the best values of Maui luxury real estate in this Honua Kai Condo For Sale.

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#390803 - 10/03/11 06:43 AM Re: List of Questions [Re: Supreme]
jbsnadb Offline
Member

Registered: 01/18/11
Posts: 135
Loc: Montgomery County, PA
I'm still confused why Supreme is asking about a buyer trying to get him to buy a house.

Are you currently taking licensing classes? Have you spoken to real estate pros in your area to get a handle on the position? If the answer is "no", then you're getting WAAAAYYY ahead of yourself
_________________________
My blog is now active! Just Off The Main Line - Montgomery County Real Estate

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#390806 - 10/03/11 06:58 AM Re: List of Questions [Re: Supreme]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4726
Loc: Vermont's North-East Kingdom
I think Supreme wants to simplify the process as a Flipper/Investor using his Grandfather to "prime the pump" on his first purchased Investment (or Option). He's laid this out in the other threads that he's started describing the same general developing scenario.

And I don't think Supreme expects to become a Licensee. Right now, I think he's been approached to do business on behalf of another "Investor" who's giving the appearance of already doing the same exact kind of activity that Supreme aspires to.

How fun is that ? Birds of a feather flock together.
_________________________
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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