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  #11  
Old 12-10-2017, 02:20 PM
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Cocarlisle Cocarlisle is offline
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Quote:
Originally Posted by OilHammer View Post
Were you looking at learning the industry for commercial or residential Matt?
You mentioned "for investment" and that's an odd reason to get in. Frankly, unless you are a realtor as a career, I think you would be far better served in your investment to use a broker who knows an area VERY well. They'll know about all sorts of issues that you may not find when casually looking. 3% is nothing compared to buying a house and finding out you don't have an access easement! (We have a friend that bought a second property and that happened to him. He didn't use an agent)
Totally agree
You will never learn what a great realtor knows unless you plan on selling 75 plus properties a year for many many years
Great to gain general knowledge

Its like Tball vs the major leagues
But if you want it to know more and have options go for it
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  #12  
Old 12-12-2017, 12:41 PM
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Heckraiser Heckraiser is offline
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I'm a full time realtor of 13 years.

If you're just thinking of getting into it for investing, I would actually recommend you're better off without a license. Being licensed exposes you to a whole new level of disclosure requirements, liability and basically can put more of a target on your back in the eyes of the consumer.

There are a lot of "part timers" and licensed non-career folks flipping their own properties in the Denver metro right now, and frankly it's a mess. This is one of the cases where a little knowledge is probably more dangerous than no knowledge at all. Having a license or even being in business for a long time as a "part-timer" do not make one a competent realtor. You need to do it full time and live through all the various nightmares and headaches to really get the level of experience required to be any good at it. And yes, to maintain a license, you do need to have a managing broker and office to hang your license. You cannot open your own shop or work independently until you've been licensed 2 years and met certain benchmarks.

That's my $.02 anyway. If you'd like to consider it as an actual full time career, that's a different story, and I'd be happy to share my experience and suggestions.
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  #13  
Old 12-13-2017, 10:37 AM
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B-RAD B-RAD is offline
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Quote:
Originally Posted by Heckraiser View Post
I'm a full time realtor of 13 years.

If you're just thinking of getting into it for investing, I would actually recommend you're better off without a license. Being licensed exposes you to a whole new level of disclosure requirements, liability and basically can put more of a target on your back in the eyes of the consumer.

There are a lot of "part timers" and licensed non-career folks flipping their own properties in the Denver metro right now, and frankly it's a mess. This is one of the cases where a little knowledge is probably more dangerous than no knowledge at all. Having a license or even being in business for a long time as a "part-timer" do not make one a competent realtor. You need to do it full time and live through all the various nightmares and headaches to really get the level of experience required to be any good at it. And yes, to maintain a license, you do need to have a managing broker and office to hang your license. You cannot open your own shop or work independently until you've been licensed 2 years and met certain benchmarks.

That's my $.02 anyway. If you'd like to consider it as an actual full time career, that's a different story, and I'd be happy to share my experience and suggestions.

I second this post, as another licensed broker. If you want the knowledge as an investor take the class that's one thing...just don't take the test.
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  #14  
Old 12-23-2017, 05:21 AM
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Inukshuk Inukshuk is online now
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Hi Matt, I'm just back from Israel and jetlagged (4am) so catching up on things. I have 20 years as a real estate attorney. The brokers above don't want you as competition (joke ).

Like anything, there are pros and cons. We should get all us real estate types together for a 4x4 run and talk about your idea around the campfire.

Until then, consider on the one hand that a lot of the broker training has to do with agency responsibility and some of the most important parts of buying and selling are legal and not part of license training. A license is a limited license to practice law and there are many parts of the manual that say "advise your client to consult an attorney." On the other hand, a license gains access to a world of things and you may love it.
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  #15  
Old 12-27-2017, 04:51 PM
willnever willnever is offline
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I'd suggest that you should go somewhere where agent's commission is the highest the statistics https://tranio.com/traniopedia/tips/...ous_countries/
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  #16  
Old 12-27-2017, 10:01 PM
PatrolMan PatrolMan is offline
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I recently took a 1-evening course at Arapahoe Community College offered by a local firm. They teach classes at several locations around the Metro Denver area. Prices are typically under $100. Mostly this is geared toward investors, but they will answer just about any questions you have. It was well worth the cost to me. Just like anything else, take it with a grain of salt.

http://www.abetterwayrealty.com/real...es-near-denver

http://www.abetterwayrealty.com/class-schedule/
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