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Originally Posted by jodi
Make sure you get all the costs associated up front - I don't know what state you are in, but here in NY you have to take a licensing course (either 1-2 full weeks or possibly night classes at a local college - about $200-300) before you can take the exam ($50). Then you have to pay your dues and for your lockbox key ($800-900 annually) before you can get started. Remember, too, that with any commission job, there is time between when you make the sale and when you get paid. In real estate (in NY), it's about two months after a sale before you see any money.
I guess I made it sound better than it was! I wanted to write again to warn you that it is very difficult. The drop-out rate for first year agents is incredibly high - I would guess 50-75% don't last a year. But if you can find a broker to work under who doesn't mind if you only do it part-time (as I do), it can be a great way to earn a little extra on the side. I think people run into trouble when they try to do it full-time, without benefits, because you can go so long between commission checks.
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I'm in NY also, and no, you did not make it sound better than it is. I've been considering this for over a year. I have a dear friend that has his own agency, and I work full time during the day (good money) so I don't want to give that up. This is only on the side, something to help the pot grow so not seeing the money for two months won't hurt the bottom line. Thanks for the input. I really think this is what I want to do.
G