I just pass my Real Estate (agent) license exam.?

Question

I just pass my Real Estate (agent) exam and one of the trainer is offering a personal training and he wants $1295...that's if it's paid in full up front..
otherwise it's $2695.00 paid in payments. first he offered to give me a total of $1500.00....$400.00 start and then $1100 dollars taken out of the first two closed deals ($550.00 ea).

Does that sound fair?

Here is what I'll get including the training:

Business Cards
Signage/Name Riders (for listings)
Agent Website (forever..which he says if i would to get it myself it will cost $$ too!
Training
Coaching
Mentorship
Contact Relationship Management System (CRM) 3 mths
Marketing Help (case by case)
60 years of Real Estate/Management/Training Experience
Much more....

I asked if there's any hidden fees he says the only fees they will charge will be $75 for loan & $150 admin insurance when i close a deal.

Is this a good deal?

Answer 1

The answer is a big fat no! Join any real estate firm close to you.Remax,Century 21,Prudential etc.All of them will train you with videos,and hands on experience.A state issued license is all you need to get started.You have to get out there and hustle that is the other thing you need to do in this field.Someone is looking to rip you off big time.Good Luck!!!

Answer 2

Whatever firm you are with should train you for free. Is this guy giving you 100% commissions? If he is charging that much money & doing like a 50/50 split he is ripping you off. If he is giving you 100% commissions, then its probably not too bad a deal. Business cards cost between 50 to 150 dollars depending on how many you get and how nice you make them look. Websites cost about 12 bucks per month in hosting fees and you can pretty much design one yourself in a few hours pretty easy if you use yahoo sitebuilder (even if you have no idea how to design a website, they make it easy) Yahoo also can design a site for you for free. You just type in the info and it sets up automatically a sort of generic website.



Becareful though, because for that amount of money, he had better be going out there in the field with you and showing you what to do and not just telling you to go knock on doors.



Also know that you picked the worst time in history to become a realtor.

Answer 3

What exactly will it say on the cards and signs, do you have a broker? Until you hang your license with a broker you are not a licensed agent. This sounds totally bogus to me, Look around for a large agency like Century 21, Prudential, or one of the other well known ones and start with them, they will train you properly.

Answer 4

NOOOOOOOOOOOOOOOOOO. Get a job with any real estate agency. They will teach you the same things and not charge you. Are you that eager to strike out on your own? That's the only reason I would see why this deal is necessary.