are only 19 y/o? Thanks for your answers. Also I live in Md now if that makes any difference
Rupert H
07-17-2007, 05:34 PM
Good luck. Most people don't want to buy a house from a 19 year old, but then again I don't know you. ie. you might want to try sales somewhere else for a few years first, then see about moving up to real estate.
Katie
07-18-2007, 05:28 AM
Im not sure what the market in MD is like but I am 21 and also interested in getting my RE License. I was told by another realtor that it is a hard business...pretty cut throat. I live in Greensboro, NC and in Greensboro alone there are thousands of realtors that would be my competition. You also need to look at your age and gender unfortunately. Since you are so young it will be hard to find clients that would take you seriously. Also, you need to be into networking a lot, it is a commission only job, dont sell a house, dont make a paycheck. You will have to get out there and develope your own business and you will have to pay your own taxes. I think it would benefit you more to wait until you are older...just as I am going to have to do, also, commercail real estate will make you more money than residential. Good Luck !!! :)
Denise S
07-18-2007, 11:30 AM
There are many advantages to getting a Real Estate License. Some of them being the extensive knowledge you receive and perks to buying and selling your own home.If you plan to become an agent, remember that it is a very tough field, and fluctuates a lot. So, if you are going to be an agent for your primary source of income, just be ready for some lean times. However, there is plenty of money to be made if you can hang in there. Just have a financial backup plan available. Denise SGA
wolsen3129_1
07-18-2007, 11:51 AM
Age does not matter. Confidence and knowledge are important. Know what you want to specialize in and learn as much as you can about that field. Some like selling homes. Others like going into commercial real estate. Then others like the rental (property management) market. Don't make the mistake of trying to do it all. Many agents get burned out quickly because of that. Check out several real estate offices and companies. Many make a lot of promises of making great money and fantastic training. Make sure you have some money for back up. There are many start up costs. It will also take awhile before you get paid. Be prepared to work weekends and unusual hours if you go into residential sales. In commercial sales and property management you work more the standard work day and work week. Real estate is not for the shy. You have to be a people person. I do commercial and land sales. I also represent a couple of hard money lenders. And my most recent venture is in the foreclosure bailout and wholesale of properties to investors who like to fix and flip properties.