Trying out as a Property agent
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Cannot be a secret agent yah ... :evil:
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Hi Chloecube,
The fact that being a property agent allows you the flexibility, it also means that you must have the discipline to do what you have to do:- that is to source out clients, meet clients, arrange viewing appointments and of course close the deals. (Very much like insurance agents, i think)
I have a few friends in the property line so i heard a lot of \"stories\" from them when we la kopi. You have to learn to balance your expenses versus your income and from what i understand, you don't get paid until the completion of the deal which could mean about 3 months from the date of the closing. That means, you have to close many many deals to cover the \"gaps\" where there could be no $$$$ at all.
I heard from my agent friends that recent news announced that property agents have to attend courses to upgrade themselves every year and they mut have a valid license to practice else it is an offence. I am sure the courses are not FOC.
All in all, i think if you work hard, you will make it ! I have seen some of them very successful in this line but comes with sheer hard work and of course lots of networking. Good luck !
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must keep aside money for advertising every day times the no. of properties you are working on.
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One of my friend is a property agent but with fixed minimum base salary. And all the adverts are paid for. She needs to report to work normal office hour (though no need to strictly follow).
Only downside is the % of profit goes mostly to the company, she earns a tiny cut of it.
But since their team only deal with properties worth >$1million; the tiny cut is not bad at all. -
what company has that plan? seems better.
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When you become insurance agent, property agent etc, you must view yourself as a business owner…dun ever think as try because when u try , u will only get average results. Interested and committed are two different things. Alot of people interested in getting slim but how many are committed to exercise at least 3 times per week? Think as a business owner, be prepared to commit, to get to where u want to be…because i can only say you will sacrifice alot of quality time with your family as a property agent…and to me that’s is most precious…so make sure it’s justified in terms of returns!
Just my humble opinion
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