Self-employed estate agent

[dunedin]

Originally Posted by unhappy chappy

Jasitweb is right..
If remax is so good why is Humbleone afraid to tell us what association he has with it.
A remax agent in the UK.. ha you may as well be an encycopaedia salesman. You'll probably be 8-10 thousand pounds out of pocket before you earn a penny.
I assume its not REMAX as £500 does sound cheap, with remax your looking at 4 times that at least.
Humbleone, stop trying to spread the good news of REMAX, you sound like some door to door religious freak....get back to work, thats what your clients are paying over the odds for.

I know off a Remax office owner who currently owns 2 offices, he is planning to open a 3rd office in November, what would your advice be ? it seems a dangerous time to open up a new office in ( Scotland) the single survey scheme starts around that time ?

[Agent Apologetic]

I started my new company through the purchase of a training manual from Southcourt Property in London and believe me I get no incentives for this mension. I recieved all the documents I needed and am also recieving ongoing assistance whenever I need and there is no cut off point, it goes on forever. They showed me how I could limit my outgoings and by that maximise returns and now I only have overheads of under £1000 per month. It depends on what you use as an agent.my overheads could have been about £586 PCM but I market on a extra web portal. other agencies pay out in excess of £5000 PCM for some and others; well God forbid. More agencies are coming off the high street and this proves to be more progressive for some, especially on which I did work for that did as good or better than most of their compition. I do suggest though that you research into the market and also extensively into your preffered trading area. Though the market is going pear shaped I still think we should'nt be afraid to get in the estate agency business because some number of investors are thinking of this market slow down as a golden opportunity to purchase more properties with hope that the prices will rise again, which they will its just a matter of time. as the saying goes; "don't wait to buy property, buy property and wait". hope it helps

[Mortgage Broker]

People buying house on the bet they are going to go up in the next 2 years are going to loose thier shirts. If you want a forward indicator to house prices have a look at the share price of the builders and the banks, all down. B&B now worth 30p down from £4 odd. Estate agents are shuting up shop all over the place.

[brian]

Scotland traditionally follows the UK trend later - it was later to the boom, but it'll be later to suffer. I wouldn't be complacent about Scottish property right now.

[BarryM]

Why not get a job for a year or so with a reputable and succesful estate agents to see how it works in practice. Then do the course, if you feel it's still right for you.

[brian]

Originally Posted by BarryM

Why not get a job for a year or so with a reputable and succesful estate agents to see how it works in practice. Then do the course, if you feel it's still right for you.

Lol!! That's a great idea - funny how easily some people are more willing to pay a few thousand for a franchise and training, than get real world experience to test the job instead.

[googler]

Originally Posted by BarryM

Why not get a job for a year or so with a reputable and succesful estate agents to see how it works in practice. Then do the course, if you feel it's still right for you.

LOL. With the number of EAs going OUT of a job in the current climate, there's an abundance of experienced folk out there who'll be fighting each other for any places with anyone who's hiring (if anyone IS hiring, that is).

Given the choice of someone with a few years' experience, who has just left a similar job in the last month or so, against a raw newcomer with no experience at all, how likely is it that the newcomer will get the gig...?

[brian]

Yes, probably not the best time to try and get into estate agency, building or investment banking as a fresher.

[BarryM]

In my own experience, the city seems to be recruiting - and in some strength. There's been a cull of middle ranking players over the past few months, to be replaced by new blood (albeit with lower relocation allowances!).

If he's determined to become an estate agent then I suggest he picks up the phone and starts calling a few decision makers. Far to many agents out there still who sit waiting for stuff to fall in to their laps! He'll just have to show he's not one of them......

[googler]

Originally Posted by BarryM

In my own experience, the city seems to be recruiting - and in some strength. There's been a cull of middle ranking players over the past few months, to be replaced by new blood (albeit with lower relocation allowances!).

If he's determined to become an estate agent then I suggest he picks up the phone and starts calling a few decision makers. Far to many agents out there still who sit waiting for stuff to fall in to their laps! He'll just have to show he's not one of them......

So who's hiring? Might you give him a clue where to find the 'decision makers' .... other than in the yellow pages.