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Richard asks…
Real Estate?
Im a 22 yr old African American female from Tennessee planning to take real estate classes in the fall. I plan to go into the field and succede either way but just wanted to know some success tips from established agents, brokers, lenders, or anyone having to do with the real estate world. Also, willing to travel.
Philadelphia Real Estate answers:
Stay out of the mainstream area;
that is, listing houses for sale.
Become an exclusive buyer’s agent.
Rep middle income and upper income
black women as a niche.
Also poke into doing commercial
and industrial purchases.
And maybe business brokerage
plus, interview different agencies–
most are Realtor focused; which
means they take listings. YOU can
choose not to do that via being
an exclusive BUYER’s agent.
[they don't sell RE--they help
buyers buy, and that is a different
approach].
Plus u can find those offices that
have 100% approaches [where
the agent pays for desk space and
does not split the commission.]
available to help -though I am not
in TN.
Mandy asks…
real estate?
I just recently passed the real estate test and I have no idea what to do! Please anyone can you give me some advise on what to do next – I need a good company thats willing to train me?
Philadelphia Real Estate answers:
Hi Jeannie!
I suggest you first learn the difference between Real Estate Companies. Some charge desk fees, some do a split with commissions (find out what other monthly fees they have), some are flat fee brokers. Find out if they have retirement, residuals, if they offer profit sharing how long does it take to get that profit, training, what programs do they offer and do they cost? Do they have a training schedule? Do they have a mentor program? Do they have a new agent training course? Do they have health insurance?
Then go meet the Broker. If you can’t relate with them, then it’s not a good fit! If you have any questions, email me! Good luck and make us all proud! 
Vicki Watzlawick
Broker Owner
Exit Platinum Realty
www.ExitPlatinumRealty.com
Helen asks…
Real estate?
Currently I am a mortgage loan underwriter for a huge financial institution. I want to maybe become a real estate agent. My aunt is making killer money. Now is there any way not to take the class and take the test since I already know a lot of real estate? Or what exactly is the whole process to make this career change?
Philadelphia Real Estate answers:
Depends on the licensing requirements in your state. Check with the Department of Real Estate for their requirements. Most states require some basic courses, but there may be exemptions or partial exemptions for experience in the field. The only exception in California is that licensed attorneys, regardless of their field of practice, can go straight to the Broker level exam. Afterwards, most states also require a certain amount of continuing education for license renewal at either the Agent or Broker level…so you might as well get used to taking classes…and who knows, despite all your experince, you may learn just the thing you needed to know…
Susan asks…
Real ESTATE?
Hey im a 15 year old female in high school. I dont know what i want to be or what kind of career but im kinda thinking about doing real estate. I dont know too much about it. But i just wanted to know any important info on it. How much do you get? What kind of education should i have. My main worry is if its a risky career. Is it too risky to get into ? Any info will be great Thanks so much!
Philadelphia Real Estate answers:
I am a real estate agent and I think it’s a wonderful career choice. If you have self determination, love working with people, think it’s fun to show houses and don’t want a regular 9-5 job, you will love it too.
I don’t know what state you are in, but in California you are required to have three classes and then pass a test that is different from the three classes you take. So you have to study hard for the test, which is like taking an extra class.
One wonderful thing about real estate is that you can choose how many clients you want to work with. If you work a lot, you can make a good living. Or you can do it part time while you continue to go to school and your real estate income will help you get through college.
I don’t think real estate is ever too risky to get into if you are self motivated. Even in a bad market, there are people who still want to buy and sell and they are looking for an agent who cares about their needs and will do whatever it takes to make their real estate sale go as smoothly as possible. If you like that idea, go for it.
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