Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

10
Posts
7
Votes
Chad Spanberger
  • Real Estate Agent
  • Fayetteville, AR
7
Votes |
10
Posts

Questions from a new real estate agent

Chad Spanberger
  • Real Estate Agent
  • Fayetteville, AR
Posted

So a few questions came up in our real estate salesperson class and wanted to get more opinions outside of our teacher. 

The first question was, "when someone ask us why do they need an agent for finding a house when there are multiple websites (zillow, realtors.com, etc.) what is your response to them?"

Also, what are some of major tax write off's that I can do when I start working and open an LLC?

Most Popular Reply

User Stats

47
Posts
24
Votes
Christina Hennessy
  • Real Estate Agent
  • Albany NY
24
Votes |
47
Posts
Christina Hennessy
  • Real Estate Agent
  • Albany NY
Replied

Oh my why don't buyer's understand our value?  Navigating in this current crazy "multiple offer" market how can they buy without a Realtor is the question.  Let them know we are there to Educate, Guide and Protect their best interests.  We want them to make a great investment as much as they do.  There is no direct fee for our services.  We get paid at the closing via the commission paid by the seller.  

Write off everything you can think of!  From pens to paper to a calculator to your office space etc.  Keep receipts or use an app called Simply Wise it's very helpful.  Keep good records for your accountant.  

Best piece of advise...save at least 30% of each commission check you get to pay your TAXES!  Take it out right away and put it in a separate account.  Best of luck!

Loading replies...