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Unread 01-19-2006, 06:30 PM   #1
BigWheelinBubba
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Default Anyone ever sell real estate??

I'm thinking about selling houses on the side. Theres a Century 21 by me that had a sign out a few weeks ago that offered free classes and i was just kind of kicking the idea around.

Anyone have any experience with this?? I'd like to know what costs are involved in getting the license, and if you think it would be a feasible part time job.

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Unread 01-19-2006, 08:11 PM   #2
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My agent just moved to Florida, so I got nothing.


































Free post! hehe.
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Unread 01-19-2006, 08:15 PM   #3
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Unread 01-19-2006, 10:45 PM   #4
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im taking classes right now to do that...cost like $250 u can do it in a week or over 5 weeks like im doing it.
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Unread 01-20-2006, 08:55 AM   #5
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It's not an easy gig (finding business), but just by using the friends network you can probably make some side cash once in a while. The housing market sucks right now in Michigan.

I have a guy who will be a "buyer's agent", but he doesnt' want to do any work...he will just print out MLS listings for you and you find the house yourself, then he will set it up for you to see. The good thing is, he will cut you a check for half of his commission right at the closing table...that's normally 1.5% so it's a bonus.
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Unread 01-20-2006, 10:30 PM   #6
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Quote:
Originally Posted by Fryguy302
It's not an easy gig (finding business), but just by using the friends network you can probably make some side cash once in a while. The housing market sucks right now in Michigan.

I have a guy who will be a "buyer's agent", but he doesnt' want to do any work...he will just print out MLS listings for you and you find the house yourself, then he will set it up for you to see. The good thing is, he will cut you a check for half of his commission right at the closing table...that's normally 1.5% so it's a bonus.
Sounds like a good deal.
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Unread 01-20-2006, 10:42 PM   #7
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I'm still just thinking about it at this point. Not too sure
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Unread 01-21-2006, 09:01 PM   #8
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go ahead and do it, most agencies will pay for it if you promise to work for them. they reimburse you.

not sure how that would work for reimbursemnt on a part time gig.

but i would get the license, then try to go on the mortgage end of it.

for the next 3 years your gonna see HUGE numbers of people refinancing to get out of their ARM's.

the same 30 million people that rushed to get into them will be getting out of them, since there adj. rate will be going over 7-8% and fixed right now is only 6% (for the moment) but they are stuck for 2-3 years from inception.

anyways......it's gonna be a big business, and commision is there as well, for less work.
another option...(and they all tie together) is to get your notary.

you can get $125-$200 / signature for notarizing mortgages on closing.
not bad for 5 minutes of work.

w/ the RE license, some experience in mortgages..(generating , and closing) + a notary stamp.....you could roll phat cash.

and since the michigan market is gonna go down for the next few years...in about 5-7 years there is gonna be another big influx of home purchases.

it's like clockwork......other states rise so fast no one can afford it, then they move here, and starts the RE war here again...til it cools.

all about riding waves.
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