. States issue licenses for a multi year period and require Saugus real estate agents and brokers to complete continuing education prior to renewing their licenses. Many states recognize licenses from other states and issue licenses upon request to existing agents and firms upon request without additional education or testing however the license must be granted before real estate service is provided in the state.
Million dollar Saugus real estate agents fascinated me years ago. It was mind-boggling that a middle person engaged in the buying and selling of houses could earn so much money. With that in mind, I decided to try my luck as a realtor about 9 years ago. This hub is a recollection of the frustrations and trials and tribulations of working as a part-time Real Estate Executives real estate agent in 2004.
While living in California, I often saw fliers in the mail from Saugus real estate agents who were advertising their listed properties for sale. Some identified themselves as million dollar agents which meant that the total value of the houses they had sold was at least one million dollars. Working with commissions as high as seven percent, many agents were putting a pretty penny in their pockets. I thought to myself that if these agents could make money selling houses, why couldn't I.
Real estate has a proven history of being a good investment. In the long term, real estate investments always provide a reliable ROI. In more difficult economic climates there are some things to watch out for in real estate. First, don't believe whatever people tell you. Take the time to learn about how the market works and seek the advice of an experienced Saugus real estate agent. Don't just believe in what you hope is true, get the facts from an experienced real estate professional. Second, deal with the reality that the days of flipping houses are over for a while. Right now a long-term investment of at least 3 to 5 years is best for most buyers.
There is a saying: Nothing ventured, nothing gained. All of the successful agents at Bella Terra Realty were very aggressive in their marketing techniques. They were the ones who had the most listings and found the most buyers for listings. A passive approach to real estate did not help me at all.
Despite the fact that both are required to complete the educational requirements, there is a big difference between a Saugus real estate agent and a Realtor. You cannot legally call yourself a Realtor unless you have joined the National Association of Realtors and your local board. A real estate agent is legally authorized to handle the same transactions but there is a level of trust associated with joining the National Association of Realtors.
The Boston Red Sox send their rookies to minor leagues so that they may have the opportunity to develop their skills until they are ready to play in the big leagues. More often than not, new Saugus real estate agents with little experience (rookies) are thrown into the starting line up without adequate training or time to develop. This is one of the biggest fauxs pas real estate agencies make. Nearly every other profession requires specialized apprenticeship programs for rookies. Solve this problem by teaming up less experienced agents (apprentice agent) with the agency's more knowledgeable agents (mentor agent), who often times are burdened with a heavy portfolio of listings. Compensation can be negotiated to keep both mentor and apprentice happy. The mentor agent can free up time for marketing, contract issues and pursuing new listings. The apprentice agent can handle property viewings and become an active participant in the entire real estate process working hand in hand with real estate transactions under the watchful eye of their mentor. During this process the apprentice agents should be provided guidance to insure they have the greatest opportunity for success. The managing broker must monitor and evaluate the apprentice agent's progress, as this will allow him/her to safely recruit and develop new untested agents while insuring the agency is not vulnerable to legal mishaps resulting from lack of knowledge or experience.