Becoming a Realator (Massachusetts)

[Jacob Briggs]

Morning All!

As I’ve started to progress in my knowledge about investing in real estate I have realized how much involvement I would really like to have in it.

I’m looking to make a career path change, and transition into becoming a full time realtor. While I have been learning about the investment side of real estate I realize how being a realtor can lead to more advancement while working at both symbiotically.

Looking for advice on the best ways to transition into being a realtor. Currently work in sales in the flooring industry. My drive and passion for investing in real estate is so prominent in my daily thinking. I would just like to enhance my knowledge, but also bring a different dynamic to the market that the traditional realtor doesn’t have!

Any advice would be greatly appreciated!

Regards,

Jake Briggs

[Charlie MacPherson]

@Jacob Briggs Happy to help.  Call if you want to chat, or if you like I'll send you my 100 page PDF of the notes I took when I was studying for the license.

I'll just tell you up front that the license is WAY too easy to get.  A drunk monkey could pass the Massachusetts test - and the same goes for Maine.

It's a 40 hour course.  It used to be a 25 hour course, but the state thought that was too easy, so they took the *exact same material* and stretched it to 40 hours to "raise the bar".

You'll learn all sorts of definitions that you'll never need as a Realtor.  Littoral rights, riparian rights, types of tenancy (joint, by the entirety, in common, etc), principle of accretion, how to calculate acres from a plot plan, calculating mortgage payments - none of these are useful in your practice.

They said that the MA test is a 4 hour exam, but 35 minutes after I walked in to the testing room, I was out on the sidewalk with a license in my hand.  I did the Maine test in about the same time and did it the day after I had abdominal surgery and still passed with ease.

The most useful things I learned from the classes are:

1. When entering a home, shout "HELLO!!  REALTOR!!"  To which I like to add, "DON'T SHOOT!!"

2. Ethics come first, last and everything in between.

3. The meaning of being your client's fiduciary and the responsibilities that come with it.