Posted on: 30-07-08 13:38:45
Hi group
I would appreciate if some on could answer the following for me;
1) Can one become a part time residential real state agent doing real estate, only on evenings and weekends.
2) Do real estate companies like remax hire part time realtors.
3) How long does it take to complete the courses to get certification.
Thanks for all your help
Cheers
rsk
I welcome everyone to get their real estate licence and become real estate agents.
I understand that entry is difficult and maintaining a primary career is neccessary to provide for your family.
That said;
How will you inspect suitable properties for your purchasers? Will you see the hottest NEW listings available on the Agents Open House Tours? How will you attend at Home inspections on behalf of your clients?
Will the lawyers office be available to you after 6 PM to discuss your clients needs and the exchange of document details. Can you call the Banker Broker after 6 PM with credit details you have obtained for your clients to provide the Lender?
While you are work; will you be returning phone calls with other agents who have shown your properties? ( Listings) When they have questions and their BUYER is HOT for your listing will you call after 7 or the next day.
The point of this comment is that Part Time agents do a dis-service to their clients by not being dedicated to their career of real estate. Many people have a real estate licence for their own purchases and sales, flipping properties, renovations etc. Many careers have large blocks of off time; IE Fireman, Police Man, Renovator, that making a two career lifestyle attractive.
Whatever your path, I wish you success.
I think we are short of good RE agents and its right time to jump in. As lot of people are looking for buy/sale homes at this time.
RE courses are provided by some community colleges. I think you need to be 12th grade to become RE expert.
I am also looking for this course before jump in buyer's market down the line.
http://conted.mtroyal.ca/realestate/general.shtml
Course Cost in Calgary:
Phase 1: $125 and $55+GST for exam
Phase 2: $1595 and $75+GST for exam
Phase 3: Residential Real Estate: $745 and $75+GST for exam
Commercial Real Estate: $745 and $75+GST for exam
Rural Real Estate: $595 and $75+GST for exam
Thanks DavidPylyp, those are very good points I need to think abt. assuming that I am able to to spend some time during the weekdays, would companies like remax hire parttime realtors.
Cheers
rsk
While I am going for RE course soon for myself as future buyer, I am thinking to print T-shirt with these quotes for RE training.
Q: Which quote do you like for TO market July data?
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1. “There’s no question there is a strong demand for housing from a growing population.”
2. “For the foreseeable future, the demand for homes will continue to outstrip supply”
3. “We’ve been expecting sales to remain at historically high levels, but this performance underscores the value of housing as an investment and the importance of homeownership in fulfilling the American dream.”
4. “We are returning to more balanced markets between home buyers and sellers… We feel confident that housing is landing softly as rates continue to rise.”
5. “This is part of the market adjustment we’ve been discussing, with a soft landing in sight for the housing sector. The level of home sales activity is now at a sustainable level. Overall fundamentals remain solid…” - David Lereah, NAR Chief Economist
6."The housing sector which remains at historically high levels.”
“After five years of booming sales, we are now experiencing normal market conditions across most of the country… most owners can expect steadier gains in home values for the foreseeable future.” -
7. “Over the last three months home sales have held in a narrow range, easing to a level that is near our annual projection, which tells us the market is stabilizing”
8. “Now sellers in many areas of the country are pricing to reflect current market realities. As a result, there could be some lift to home sales, but it’ll likely take some months for price appreciation to rise.”
9. Existing-home sales stabilized at a sustainable pace in August
10. “…the worst is behind us as far as a market correction — this is likely the trough for sales. When consumers recognize that home sales are stabilizing, we’ll see the buyers who’ve been on the sidelines get back into the market”
11. “It looks like we’re moving beyond the low for the housing cycle last fall, and buyers are responding to historically low interest rates and competitive pricing by home sellers. In addition, a tightening inventory of homes on the market is supporting prices.”
12. “Fundamentals have improved in the housing market and buyers see a window now with historically-low mortgage interest rates and competitive pricing by sellers,”
13. “We also may be seeing some losses as a result of the subprime fallout. However, this is masking improved fundamentals in the housing market, with lower mortgage interest rates and motivated sellers.”
14. “Buyers who’ve been on the sidelines may want to take a closer look at current conditions in their area – if they wait for sales to rise, their choices and negotiating position won’t be as good as they are now.” -
15. “The rise in sales and prices in the Northeast region on a fairly consistent basis in recent months is promising because this was the first region that underwent sales and price weakness after the boom. Now, it appears that it will be the first region to climb back, indicating that other regions could follow a similar path.”
16. “The unusual disruptions in the mortgage market, including a significant rise in jumbo loan rates, resulted in a fairly high number of postponed or cancelled sales…Once we get through these disruptions, we’ll get a better sense of where the actual market is in late fall as conditions begin to normalize,”
17. “Existing-Home Sales Rise in November, Market Likely Stabilizing”
18. “Home sales remain weak despite improved affordability conditions in many parts of the country, but we could get a quick boost to the market if loan limits are raised in combination with the bold cut in the Fed funds rate,”
19. Existing-Home Sales to Stablize Before Upturn in Second Half of 2008 - NAR
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Quote:
Originally posted by rsk12
Hi group
I would appreciate if some on could answer the following for me;
1) Can one become a part time residential real state agent doing real estate, only on evenings and weekends.
2) Do real estate companies like remax hire part time realtors.
3) How long does it take to complete the courses to get certification.
Thanks for all your help
Cheers
rsk
Please visit OREA COLLEGE website to find out everything about being a real estate professional:
http://www.orea.com/index.cfm/ci_id/10346/la_id/1.htm
It can take up to 6-8 months to become a REALTOR, depending upon availability of dates for exams/ courses.
Yes, you can take this part time as well. But it my take you longer to be an expert in what you are required to do as a real estate professional.
In my opinion, you should be passionate in whatever work you do. There is a lot of hard work involved in this job and it may not be the right profession for everyone.
It’s estimated that 50% of new agents fail and get out of the business in their first year, and 75% are out in two years, as per one report. This seems true when I look back into my own office/circle of real estate professionals I have come across.
Good luck,
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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
With due regards to realter business - in view of current housing mkt slow down & the comments from experienced realtors, it would be a good idea to consider part time oppurtunity from other careers like financial industry.
The benefits
- One of the higest paying profession
- Largest market - everybody needs it on regular basis
- minimal startup cost
- no advt expense
Interested PM me
exdubai
