If you are considering a career in real estate, we have packed in the must know info into this 37 minute video!
Still have question after you watch it?
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How much does it cost to get started?
Washington- The total cost to obtain your license is about $882 including the $449 tuition, $210 state exam and $223 licensing fee. These fees are spread out depending on how long it takes for you to complete the course, schedule your state exam and then activate your license.
Oregon-The total cost to obtain your license is about $735 including the $359 tuition, $75 state exam and $300 licensing fee. These fees are spread out depending on how long it takes for you to complete the course, schedule your state exam and then activate your license.
Will I be offered a position at Century 21?
Yes we are growing ALL of our Washington and Oregon offices and we provide office placement. Before completing the 90 hour pre-license course, you will be invited to interview with any of our branches. If you affiliate with Century 21 North Homes Realty, we reimburse the course tuition on your second sale.
How do real estate brokers get paid? Is there a guaranteed hourly or salary?
Agents are paid on commission based on the sales price of the homes that we sell. So there is no hourly or salary, but because of this there is no income cap. Sky is the limit! As a real estate broker you are an independent contractor. Your schedule and business is really up to you and we help you achieve your goals.
How much does it cost per year to be a Realtor? I call this "the cost of being in the biz"
The yearly costs to be in business is about $2,000 for various association dues and some other fees including our very low brokerage dues. Other brokerages may charge significantly higher "desk fees" or "office dues" so the approximate $2,000 per year would increase with another brokerage.
How long does it take to sell your first home and earn a commission?
On average 3-6 months. With our brokerage provided no cost training, coaching and support, we strive to get you making your first sale around the 3 month mark. Totally possible but I like to give very realistic numbers so 3-6 months to be safe. If you sold a 500k house, as a new broker your portion of the commission would be about $6800
How do I transition from my current job if I won't be making any money for 3-6 months?
If you don't have 6 months of reserves set aside to live off of while you are getting started, it is possible to start part-time in real estate. We are a unique brokerage because we specialize in career development of new brokers. Because of this we are OK if you start part-time! This way you can keep your current job until you start making an income, ideally transitioning to full-time in real estate.