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Doyle Davison
Hawaiian Beaches Hawaii - 714-968-6767 - Huntington Beach, CA
30 years as your Concierge services listing broker

In real estate they don't use any "Newbie terms" like they do in other industries like " Greenhorn".  If your new... your new. Most real estate agents are independent contractors which means any expense is the agents unless you work out some agreements with the agency/broker. for those who don't like the typical 9-5 grind and pick up your payday on friday's it's great industry.

Dec 15, 2014 01:00 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would tell a prospective Realtor that they need to be prepared to do everything for themselves and not rely on the broker for anything.

Dec 15, 2014 03:10 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I spell it out for them and let them know they have to have some money in the bank to get started in this business. No one is going to give you a hand out...in fact everyone else's hand is out. That's what I thought when I first got in this business...I thought everyone wanted something from me and no one was willing to give anything to me unless I paid for it.

Dec 19, 2014 11:06 AM
Bill Dandridge
MKB, Realtors - Roanoke, VA
GREEN, ABR, GRI, EcoBroker

I would tell them that they need to have six months worth of savings in the bank to live on while they are building a business in real estate.

Dec 15, 2014 09:47 PM
Roy Kelley
Retired - Gaithersburg, MD

This topics should be covered in the intial interview. If the person does not understand independent contractor relationships, they have not paid attention in their licensing class and there is little hope for success.

Dec 15, 2014 05:35 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

You have the opportunity and responsibility to take on your own success and the expenses that it takes to get there.

Aug 16, 2019 04:19 PM
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Depends on the agreement.

May 05, 2018 08:53 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

This is the real estate 'business' - and one needs to invest.

Oct 03, 2017 07:53 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Few pretty good answers, Anonymous.

Aug 03, 2017 09:44 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Doyle nailed this one!

Dec 18, 2016 03:33 AM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I usually mention what it costs per desk to operate a brokerage. This will vary depending on the company being interviewed. That figure, I'll say $25,000 as an example, is what you'll need to earn before the "gravy" starts heading your way. It takes time to develop your strengths and since half of all new associates don't last more than 2 years, monitor your progress closely from 6 months on. You'll know whether it's the right choice by the end of year 1.  

Dec 20, 2014 01:06 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Outline the costs from the dues to organizations to schooling for licensing and whatever the montly charges may be...explain the commission split which varies with the brokerage. The best surprise in income and expenses is none at all !

Dec 19, 2014 09:34 PM