Zillow Advice: Pro-to-Pro - What advice would you give to a real estate agent just starting in the business? http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ Zillow Advice | Zillow Real Estate I am not an agent but take ... http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ I am not an agent but take a look at&nbsp;<a href="../../../profile/the_country_hick/" rel="nofollow">my zillow profile</a> and read some of the blog links there. There are some things about real estate you may find that are not to be found in your eduction. I found some things (problems and issues) trying to buy that few agents ever mention. <br/><br/>2 examples are below.<br/><a href="http://www.trulia.com/blog/dan_chase/2010/01/does_it_make_more_sense_to_buy_or_to_rent_look_at_the_numbers_and_decide_for_yourself" rel="nofollow">"Does it make more sense to buy, or to rent? Here is the way to find out for sure."</a><br/><br/><a href="http://www.trulia.com/blog/dan_chase/2009/11/questions_i_would_ask_when_purchasing_any_property" rel="nofollow">"Questions I would ask when purchasing any property."</a><br/><br/> If you tell a potential buyer today that they are not in the right place to buy and why when the time is right they could easily remember you and come back. I am not even talking about house prices still dropping. I am talking about things like being qualified to buy but then being forced to skip meals because no money is left over after the PITI and HOA are paid. There should be a comfortable spending level including some repairs that will come up. I figure it takes about 7 years to break even on a house if prices remain stable due to transaction fees and amortization. If expensive repairs arrive or prices drop even more (likely) it could be a lot longer.<br/> <br/> If someone is so tight when buying they squeak it is time to mention the long term problems of being that deep in debt with that big a monthly payment when you tear a pair of jeans or get sick for a week. A salesman saying you really should not buy now is rare and remembered. You may lose a sale today but get it back tomorrow and some referrals.<br/> <br/> Be professional in what you do online, offline, in person, and writing blogs. If you do decide to write blogs do so with something to say. Each blog should have a purpose in being written. Just blogging to blog does not do a lot for you.<br/> <br/> The thread below gives some good ideas to follow online.<br/> <a href="../../Simple-ideas-every-realtor-and-other-professionals-on-zillow-should-follow-to-get-a-great-reputation/366245/" rel="nofollow">Simple ideas every realtor and other professionals on zillow should follow to get a great reputation</a><br/> <br/> Sat, 03 Sep 2011 21:42:00 GMT http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ 2011-09-03T21:42:00Z I have worked with both large ... http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ I have worked with both large and small real estate companies, over the years and there are pros and cons to both. The larger companies normally have more exposure, you have an opportunity to work floor duty, where you are the agent that recieves the calls coming in from prospective buyers and sellers. The larger companies as a rule, have more advertisements going, and as far as learning, these are the companies with the most schooling for the agents. There is a chance that you can do more business with a larger company, but the downfall is; they may also&nbsp;retain a bigger percentage of your commission. Like anything, it costs to get experience in the trade. Good luck to you in this fast paced ever-changing environment. Sat, 03 Sep 2011 21:29:00 GMT http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ 2011-09-03T21:29:00Z It will be tough at first. ... http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ It will be tough at first. In bad times the new agents get the least work. Many experienced agents are leaving the business.<br/><br/>Watch your expenses closely. My uncle quit selling (for awhile) because he sold a few short sales or foreclosures and lost money on a few of those sales. <br/><br/>Do not expect a quick paycheck. As it is commission based you could be months before being paid anything. Before then you still have to spend money doing your job. It could work out. Just be aware of the pitfalls involved and look at the local info tab at the top of the page. Type your city name in the address bar and look for local stats. If sales are dropping tremendously in volume it could be tough going. Sat, 03 Sep 2011 21:20:00 GMT http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ 2011-09-03T21:20:00Z Hi Rick,Remember your clients ... http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ Hi Rick,<br/><br/>Remember your clients are your boss.<br/><br/>Dont worry about the comission take care of your client and do what is right.<br/><br/>There are some sales people who go after the comission and they dont worry about taking care of their clients.<br/><br/>If you take care of your client, do what is right you are more likely to have a happy client and build a referral business.<br/><br/>Example, &nbsp;a lot of realtors now are telling home owners they will "save them from foreclosure and do a short sale". &nbsp;However a &nbsp;lot of home owners want to keep their home. If you find out options available, learn how to tell if a home owner qualifies to keep their home and refer them to the right place your clients will appreciate &nbsp;you!!.<br/> Sat, 03 Sep 2011 20:47:00 GMT http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ 2011-09-03T20:47:00Z Master the technology, join ... http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ Master the technology, join clubs and tell lots of people you can help them find great homes for them, do open houses to meet more people, study areas and housing values, try to stay somewhat local and not master the entire Oregon area, be enthusiastic and smile so people like you. Sat, 03 Sep 2011 20:28:00 GMT http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ 2011-09-03T20:28:00Z Find the best agent in your ... http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ Find the best agent in your area and tag along for a few months (for free).<br/><br/> Sat, 03 Sep 2011 20:17:00 GMT http://www.zillow.com/advice-thread/What-advice-would-you-give-to-a-real-estate-agent-just-starting-in-the-business/414246/ 2011-09-03T20:17:00Z