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Thinking about getting a Real Estate License

July 6th, 2011 at 07:05 pm

Wouldn't that just be the key to all my money problems? Sell a house and make a few thousand dollars!!! I went to a meeting for information that I could use to start working on a real estate license. I know the economy and housing market are rocky and just coming out of a recession. I know there are costs involved and that I might not make a sale for a very long time, and the banks are not lending, BUT, what if I got licensed and began now and maybe in time the market will become stronger and I'll be able to make money!! Keep in mind, I have no financial, economic, business knowledge or know the way our financial work operates, so my terminology here may not be correct. All I know is I haven't had a raise in 3 years, my job is a dead ender, I need to look for another avenue to earn a living, either I go back to college or find a new job. There's so much to think about!

6 Responses to “Thinking about getting a Real Estate License”

  1. uRabbit Says:

    What do you have a college degree in?

    This plan sounds like a huge gamble. Especially with not sales experience. Sales is not what you sell, but how to be a people person. If you can it sell one thing, chances are you cannot sell another. Unless passion is involved in the product.

    Personally, I graduated college with a certificate in Massage Therapy, in 2007. I am working on using that, some four years later.

  2. creditcardfree Says:

    It doesn't hurt to entertain the idea. It would be a good idea to get in contact with an agent that might be willing to be a mentor, or at least tell you about being a real estate agent. The pros and cons.

  3. Petunia 100 Says:

    I think you are thinking on the right track, you need to do something which will provide a living for you and your son. If your current job is a dead end, then you're going to have to make a change. It doesn't hurt to look into selling real estate, but I would be wary of taking on any new debt to pay for licensing. I like the idea of a mentor too.

  4. librarylady Says:

    My son-in-law just finished the course online for getting his real estate license. Now he just has to pass the test. He lives in a large city and plans to do apartment locating. He will work for a company that does that.
    The market will eventually come back.
    I admire the fact that you are trying to better yourself.
    Good luck!

  5. gingerbell Says:

    librarylady: It is a career choice that could actually turn my life around. My mom and I have discussed (dreamed) how awesome it would be if I sold a house and made, for example: $8,000.00! I know right now I am scraping to make ends meet and I have to face the facts that we can't always get what we want and that's the problem with our society, everybody has what they want, even if they really can't afford it. Anyway, I have never managed my money, even when I was young, about 10, I ordered a RCA cassette club membership and had cassettes mailed to me. I even tried to send all my change in the payment envelope, luckily my mom intervened. I've bounced checks since I've had a checking account. But anyway, thanks for the encouragement!

  6. Jerry Says:

    I had a college professor who also worked in real estate, in addition to his teaching. He did quite well at it, but he took a number of years to build up his business. In addition, be aware that the paychecks of RE professionals only lead to financial help if they are applied to solid financial wisdom. Far too many have no insurance of financial security because they spend those nice checks without any planning or frugality whatsoever. Good luck to you if you decide to do it, and be wise!
    Jerry

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