Property agent advice

[WoShiNewbie]

what other jobs have flexi hours then?

 

like why i choose property agent is coz i may be free on some days and busy on other. i choose when i want to work.

 

U choose when you want to work? You sure your clients are willing to follow your working style? If u no time to serve them, u can jolly well forget about them being loyal to u. So many agents out there, u are just another Tom, Dick & Harry.

[Mllcg]

U choose when you want to work? You sure your clients are willing to follow your working style? If u no time to serve them, u can jolly well forget about them being loyal to u. So many agents out there, u are just another Tom, Dick & Harry.

 

of course arrange when they are free la..

 

they also definately have to work what..

 

[Felipe]

Tink u shd ask successful property agents. They can advise u better on the ups n downs.

[Icedbs]

Im thinking of becoming a property agent part time while studying.

 

whats the processes involved to apply?

 

and hows the commission practices like now? still 2% seller and 1% buyer?

 

Take the RES exam first.

 

Be warned that the course is not exactly easy. There are 2 papers. 2nd paper is tough.

 

I have the study materials with me. Not that I want to take the course, but read for knowledge sake.

 

If you want to apply for the course, make sure you sign up as a NTUC member. Will get 50% off the course fee.

 

 

[Berncsp76]

what other jobs have flexi hours then?

 

like why i choose property agent is coz i may be free on some days and busy on other. i choose when i want to work.

 

 

taxi driver? delivery man?

 

previously when CEA was not in the picture there were literally thousands of legal and illegal and many part time agents.

 

Now only the strongest survive.

 

If you are able to manage the time for your client to get that fat commission cheque then this job is for you. If not, my advice, dun drop into the abyss...

[Mllcg]

taxi driver? delivery man?

 

previously when CEA was not in the picture there were literally thousands of legal and illegal and many part time agents.

 

Now only the strongest survive.

 

If you are able to manage the time for your client to get that fat commission cheque then this job is for you. If not, my advice, dun drop into the abyss...

how abt getting the cert first then try?

 

after all, now i just read that u need a qualified agent to accompany u to apply your lic after your tests.

 

so maybe can learn from there?

 

[Leclair]

every year still need to "pay" cea for the license + yearly "refresh" modules = 400-500 plus depending on agency and modules cost.

 

these are money too...

[Wyfitms]

part time property agent? sorry but that's a confirm path to failure.

 

Not that bad lar.. i worked part time before for a few mths while trying to save up extra cash for wedding.

 

Worked during the weekends only. Averaged abt $2 to $3K a mth.

[Wyfitms]

Not easy as it seems bro.

 

You have to manage your time on your studies as well as clients expectations.

 

Any wrong move, they complaint to CEA and is bye bye to your agent license, worse case is fine and jail term.

 

After all the courses ($1k+) and exam fees ($300+) still got many many fees to pay first before you can embark on your new career.

 

Most important thing is, are you eloquent and can sell ice to eskimos/sunlight to africans?

 

How come 99% of the agents I met can't speak properly but still got senior marketing director title? some speak so badly that i am exhausted just to try and understand what they are talking abt..

[Acemundo]

of course arrange when they are free la..

 

they also definately have to work what..

 

i understand what you meant. probably you are not aiming to make a lot from ppty so that's why you have your own free time and then can serve the few customer you have on your hand.

 

but unfortunately i think it doesn't work this way. to survive in this industry, you have to have a decent minimum threshold of network of clients .

 

below that you will not make money although you have your free time. to be slightly above that threshold, you probably need to spend a lot of time on the job to reach that level.

 

 

[Sp4wn]

from the client's point of view, i basically expect the agent to do *all* the running around ... solve all the problems, and when they do rentals, they should be handy to resolve any tenant/owner conflicts during the tenure of the tenancy (ie during a 2 yr tenancy, if the tenant run away after 6 mths - the agent will have to refund part of the comm, in this case, 3/4, or find a replacement tenant. a lot of these fees can be taken back from the guy who ran away ... if the owner/agent can find him)

 

it's not an easy job, but i have seen some agents really give 100% and collect decent 6 figure comms a year.

and on the flipside, i've seen lazy agents (that were lucky enough to get exclusive listings) sit on their ass, let the buyer come to them, and also close 6 figure comms

 

lastly, one of my primary sch friends became an agent, but i couldnt help him since i dont do residential. for more than 1 year, he closed no deal at all. however, when i met up with him a few mths back, he managed to close 1 big bungalow (collected more than a quarter mil comm i believe) and his luck/confidence/transactions went up after that ...

 

 

[Kangadrool]

Seems like nowadays, studying for a degree is so easy one.

[Mllcg]

Not that bad lar.. i worked part time before for a few mths while trying to save up extra cash for wedding.

 

Worked during the weekends only. Averaged abt $2 to $3K a mth.

 

so weekend only work is possible too?

[Mllcg]

i understand what you meant. probably you are not aiming to make a lot from ppty so that's why you have your own free time and then can serve the few customer you have on your hand.

 

but unfortunately i think it doesn't work this way. to survive in this industry, you have to have a decent minimum threshold of network of clients .

 

below that you will not make money although you have your free time. to be slightly above that threshold, you probably need to spend a lot of time on the job to reach that level.

 

as stated, i dont actually need the money.. but if i can earn extra on the sidelines(free time), who dont want right..

 

maybe after my degree, if i can see the potential, i can go fulltime.

Edited January 30, 2013 by Mllcg

[Jman888]

as stated, i dont actually need the money.. but if i can earn extra on the sidelines(free time), who dont want right..

 

maybe after my degree, if i can see the potential, i can go fulltime.

 

 

car salesman better, customer usually go car showroom on weekend, no need to go to them, they come to you

[Mllcg]

car salesman better, customer usually go car showroom on weekend, no need to go to them, they come to you

 

commission lower.

 

how much can a car cost only.

 

and then have to work harder to even find customers(not everybody needs a car).

 

for property agent, at least 1 house also chao chao 300k.

 

i just work for that 1 client close deal alr 3k there. (since i am part time, can only cater to 1-2 clients first/mth)

[Acemundo]

as stated, i dont actually need the money.. but if i can earn extra on the sidelines(free time), who dont want right..

 

yep but like i say, it may be futile effort.

 

property deals usually come mostly if you have spread your network wide and people don't trust those that are doing few deals only .

 

so when you work part time, your network is small and you find that most seller will ditch you for another agent.

 

you can probably depend only on close friends and relatives to give you the deal. sometimes even they may turn you down if they have other agents to choose from.

 

in any case, most agencies have also set a minimal commission per year basis for agents to meet in order for them to renew licences. and last but not least, CEA rules now stands that agents have to inform their full-time employer if they are doing property deals on part-time. if your relationship with your company is so good until they allow you to do property part time, then do it by all means.

[Mllcg]

yep but like i say, it may be futile effort.

 

property deals usually come mostly if you have spread your network wide and people don't trust those that are doing few deals only .

 

so when you work part time, your network is small and you find that most seller will ditch you for another agent.

 

you can probably depend only on close friends and relatives to give you the deal. sometimes even they may turn you down if they have other agents to choose from.

 

in any case, most agencies have also set a minimal commission per year basis for agents to meet in order for them to renew licences. and last but not least, CEA rules now stands that agents have to inform their full-time employer if they are doing property deals on part-time. if your relationship with your company is so good until they allow you to do property part time, then do it by all means.

 

studying