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Old 01-15-2019, 03:30 PM   #1
asdfghwy
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Real Estate License

Has anyone done this online? Is in-class better?

My little brother needs some direction and I don't believe university is for him. He has a great mouthpiece and I believe he could succeed in real estate, so I've offered to pay for his courses and prep--he says hes ready.

realestateexpresss.com seems like the major player so does anyone have any experience with them or have recommendations on other ways to go? He's a visual learner so anything with an emphasis on that would be ideal.

I'm about to pull the trigger on it but figured I'd ask here in case anyone has experience
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Old 01-15-2019, 03:44 PM   #2
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Just a thought - Has he talked to any brokerages on what their hiring policy is for new associates? Might be worth doing before committing to a school.
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Old 01-15-2019, 04:04 PM   #3
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Just a thought - Has he talked to any brokerages on what their hiring policy is for new associates? Might be worth doing before committing to a school.
Good idea, sort of like getting a bunch of mechanic certifications... doesn't mean you're a good mechanic and lots of independents don't hire off them.
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Old 01-16-2019, 12:08 PM   #4
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Good idea, sort of like getting a bunch of mechanic certifications... doesn't mean you're a good mechanic and lots of independents don't hire off them.
That's right. A friend of mine applied at a specialty auto shop. The owner didn't care about certs, he just said, show me your hands!
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Old 01-16-2019, 02:28 PM   #5
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That's right. A friend of mine applied at a specialty auto shop. The owner didn't care about certs, he just said, show me your hands!
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Old 01-15-2019, 05:40 PM   #6
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Just a thought - Has he talked to any brokerages on what their hiring policy is for new associates? Might be worth doing before committing to a school.
Some brokers will assist and train new associates. I didn't have that option but it is very much worth looking into.
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Old 01-15-2019, 05:34 PM   #7
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I have done it online, I think that I would have had a better time taking classes just for the slower pace in absorbing so much material. It depends on how disciplined your brother is. Then again, I had to do it in less than 6 months (while working full time) due to a situation at my job so it was a lot of work. It's gonna be a grind, and the license covers a lot of topics - loans, zoning, house styles, legal, etc, etc, etc. I think the books alone were over 1,500 pages in total. I supplemented the course with a lot of videos and other media/study partners. Once he gets the license, he will have to renew it (and take tests again at CalBRE) every few years.

If he is looking to be an actual sales person, then he needs to understand that he will have to support himself for about a year without any real money coming in whilst paying desk fees etc. As Kingmoochr points out, getting the license doesn't translate into experience and brokers know that. He will start at the very bottom. It's not for the feint of heart. There are other opportunities in the field as well (appraising, support, etc). It would be good for him to talk to an actual real estate salesperson or broker and get a feel for how the industry works.

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Old 01-15-2019, 05:47 PM   #8
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Oh yeah, sorry to be a post whore but the real estate license is a professional license so they will do a background check and finger print you. Have a record that shows a lack of ethics/convictions etc. and guess what, you passed the test but you may not get the license. I guess that makes sense when you are making transactions in the hundred of thousands of dollars or more
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Old 01-15-2019, 06:16 PM   #9
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Just beware there was a glut of agents during the last recession
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Old 01-15-2019, 06:22 PM   #10
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Just beware there was a glut of agents during the last recession
There is that too. Lots of folks looking to cash in thinking it's easy money. Nope, it's not. It's almost like an MLM - the few folks that make real money at it are rare, the rest, well, don't.

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Old 01-15-2019, 06:45 PM   #11
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Also helps if you have a spouse/partner in the business
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Old 01-15-2019, 06:59 PM   #12
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Also helps if you have a spouse/partner in the business
No doubt about it. I talked with one of the biggest salesperson in Napa (by way of introduction) and she was really frank about the industry. Networking is key.
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Old 01-15-2019, 08:06 PM   #13
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i did it online, i think it was a 60% fail rate when I took the test

not hard, i would say 50% common sense, 25% applicable real estate 25% admin stuff and weird real estate rules/loops like a african american with a real estate license cannot be a "Realtor" he can join the Realtor organization but he would be called a "Realtist"

Alot of weird racial things that expose their heads.

Also this is what you put in is what you will get out, less then 5% will succeed @ this. Lots of times you will have 0 income for a few months to handling multiple escrows in 1 month. Its not for the faint of heart. You will try so hard show 50 homes and the client wifes girlfriend will say something and ruin all the hard work you put in for last 2 months.
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Old 01-17-2019, 01:20 PM   #14
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Originally Posted by FXCLM5 View Post
i did it online, i think it was a 60% fail rate when I took the test

not hard, i would say 50% common sense, 25% applicable real estate 25% admin stuff and weird real estate rules/loops like a african american with a real estate license cannot be a "Realtor" he can join the Realtor organization but he would be called a "Realtist"

Alot of weird racial things that expose their heads.

Also this is what you put in is what you will get out, less then 5% will succeed @ this. Lots of times you will have 0 income for a few months to handling multiple escrows in 1 month. Its not for the faint of heart. You will try so hard show 50 homes and the client wifes girlfriend will say something and ruin all the hard work you put in for last 2 months.
So much of this! Makes you want to pull hair out, yours and theirs!
Not to mention all those times when the wife/girlfriend/mistress suddenly has a change of heart and sees a new attractive listing on her cellphone right when he's about to sign or hand in the escrow check. You have to mask your negative emotions really well and stay smiling through the whole ordeal.
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Old 01-16-2019, 01:41 PM   #15
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Thank you all for the responses. Will look into hiring requirements. My little brother has good work ethic, and fortunately while he lives at home doesn't have any major expenses so he definitely has time to spare while he gets situated and launches a career in real estate. At minimum I'd like him to have a 'fall-back' into real estate -- although I believe he can succeed in the role and will be pro-active in getting a foot in the door. I just don't want to see him do nothing and have no options.
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