Salaried or Hourly Rate Jobs If you have a License?

[Samantha M.]

I just obtained my real estate license and would like to put it to use in some capacity.

Are there positions that require a license that are salaried or hourly rate in the real estate industry. Position would have to be entry level as well since I do not have a ton of experience.

Thanks in advance.

[J Scott]

If you need a salary, you might be able to find a job as an assistant to a full-time real estate agent. The fact that you have a license is a big benefit, in that you can help with tasks that require a license (unlicensed assistants are limited in what they can legally do at a real estate firm).

[Steve Babiak]

You could go to work for a Property Management company as another possibility.

[Ivan Alexander]

Originally posted by Steve Babiak:

You could go to work for a Property Management company as another possibility.

Just curious Steve, how would a real estate license correlate with working at a property management company?

[Ivan Alexander]

Also as a realtor, is it possible to market to homeowners who underwater with their mortgage?

And if a short sale candidate is found, can they be referred to a Short Sale specialist for a finder's fee?

Could that be another way for income?

[Steve Babiak]

Originally posted by Ivan Alexander:

...
Just curious Steve, how would a real estate license correlate with working at a property management company?

In many places, a property management company must be under a licensed broker. So in such places a licensed agent could be a good fit as an employee for property management.

As to your question from the other post, marketing for listings is commissioned income, not hourly; the original post was asking for salary or hourly work. Referral fees also end up as a kind of commission - I doubt you'll get paid for a referral that doesn't end up closing.

[Ivan Alexander]

Originally posted by Steve Babiak:

Originally posted by Ivan Alexander:

...
Just curious Steve, how would a real estate license correlate with working at a property management company?

In many places, a property management company must be under a licensed broker. So in such places a licensed agent could be a good fit as an employee for property management.

As to your question from the other post, marketing for listings is commissioned income, not hourly; the original post was asking for salary or hourly work. Referral fees also end up as a kind of commission - I doubt you'll get paid for a referral that doesn't end up closing.

Thank you Steve. I also apologize, i thought a finder's fee could be thought as salary.

[Matt DuSold]

If you are looking to be a realtor full time eventually, there is really nothing better you can do than be an assistant like @jscott said. I would find a top producer in your area and try to get attached to them. Doing so will help you gain relationships as well as learn the game, which will help you out down the road when you are ready to make the jump and do it yourself.

[J Scott]

Originally posted by Ivan Alexander:

Also as a realtor, is it possible to market to homeowners who underwater with their mortgage?

Absolutely.

And if a short sale candidate is found, can they be referred to a Short Sale specialist for a finder's fee?

Absolutely. Though usually that fee will be a percentage of the commission paid upon selling the property.

This is what we've started doing -- marketing for short sale leads, and cherry-picking which leads we want as investors. The leads we don't want as investors, we pass to our short sale team, and they work the short sale, giving us a percentage of the commission at sale.

Keep in mind that short sales are a long process and generally don't generate a lot of commission, so if you're planning to make a living doing this, you'll need to focus on significant volumes of deals, which means a LOT of marketing and a good sized short sale team.