All Forum Posts by: Matt Cramer

Assistant logins are often available from the local board by agent requests. If you can become an assistant by doing a small amount of work for an agent you may be able to get the access you're looking for. 

I did my class online and it was great. The course was simple and the practice tests helped me to pass on the first attempt. If you move to another state you will need to get a new license in that state which typically means a new course and test. Does it make a difference to take it online or not? Depends on how you learn, if  you learn better in a classroom go that route, if you learn well online go that route. Make sure the online course qualifies as the proper education in your state before signing up for it though. 

What type of work have you been doing? If you get paid via commissions and can't get paid without a license I would say go get your license. 

You don't have to tell your boss. You should though. Why hide it? Your getting a license to save money when you buy and sell investment properties. Oh and by the way you can help other sell if they ever need your help. Like @Jake Thomas mentioned earlier, this is a huge source of business. Just make sure they know this isn't another job that will take away from your current commitment, it's your hobby. It's something you enjoy and your saving yourself money. Don't call it a part time job until it is. By then they'll be excited your hobby is going so well for you and as long as you don't let things slip at your full time job.

docusign, dotloop, zip forms etc. I personally have written all the deals up for investors I've worked with so they didn't have a bunch of paperwork to fill out. Another big help is finding out the average and lowest % to ask homes in the area are selling for in that area. Being it sounds like you're working with an agent on MLS properties I'm guessing (depending on your location), market stats will help you a LOT to avoid writing hundreds of rejected offers. But again that may depend on your location, just a thought.

I haven't noticed the deals being gone at all. I have noticed more competition for them though.

They don't teach you much that you will use. The most important thing you have to do is lead generation. You can be a crappy agent (not that you will :D) and if you're amazing at lead gen you'll still do well. If you are a great agent and great at lead generation you will thrive. The pre licensing doesn't talk much about lead gen. Most of the time your new brokerage will provide some sort of training. I personally lead generate primarily through prospecting my database, expireds, fsbos and circle prospecting. The paperwork you need to know will be taught through most brokerages. Lead gen is what you need to focus on perfecting. 

Paperwork is typically covered by your brokerage. Most of the pre-licensing knowledge I've never even used. You typically have disclosures that need to be signed, a purchase agreement and closing docs at closing also a listing agreement if you have the listing. Other than that it's mostly state and broker specific. 

Generating leads is typically the agents duty. Starting out you can get great leads from prospecting, open houses, CL ads, door knocking and your sphere of influence. Generating leads isn't easy, it's simple, it's just not easy.  

Agree with Matt. When calling a FSBO I've had them mention they were on the DNC list before and I just remind them they placed an ad to sell their home and as an agent it's my job to know about all the homes in the area. Also I let them know that buyers actually are responsible for the commissions on FSBO homes and so they have no obligation to pay me. Although they usually are willing to after I meet with them.