Wednesday, July 3, 2013

To Be An Agent or Not To Be?

In New York City, be a real estate agent. You will have exclusive access to real estate listings and owner information that can only be accessed through a brokerage.

To do this, look on craigslist for brokerages that are seeking to train agents and offer an incentive to do so. Make sure you don't have to pay a fee. At worst, pay the state required fees, but in some cases, brokerages will do this for you. Make sure you work out the hours they will require you to work before you commit. Nothing is truly free.

I don't recommend being an agent in any other state. You are restricted by the laws of all the states, but in NYC it's so restrictive that agents will take you for a ride in order to present you with a property. You can lose up to 6% of a deal or more if you have to go through another agent.

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