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jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
May 5, 2011 - 5:07 am
hannahbella3 wrote:
hi,
I have been reading this forum for many months now but this is my first post.
my name is Hannah and i am a waitress living in Kalgoorlie, i have always wanted to become a real estate agent and i got this opportunity when i came to kalgoorlie a year and a half ago and im so glad that i did as i learnt so much that it is now helping me with my investment portfolio.
i was paid a retainer of $470 a week which is the law in wa now, but you had to pay it back when you made a sale or if one of your listings was sold. if you sold a property you would get 20% of the commission and if one of your properties you listed was sold then you would get 20% of the commission, you dont always sell your own listing as any agent in the office can sell your listing so if one of your listings was sold for $250,000 and the commission was 3.3% then the total commission paid by the seller is $8,250 and 20% of that is only $1,650. now say you are working there for 3 months, your retainer is up to $5,640, if it takes 1 month to have one of your listings sold and 8 weeks until settlement you are only paying off $1650 of your retainer.
I worked there for 4 months and i got 4 listings and i didnt sell one single thing because i didnt like to push people or lie to them or constantly call people i knew who were not interested ( i was told to call every client 6 times before giving up on them). another part of my job was door knocking and trying to get people to sell their house with me, i didnt do this once as i hate people coming to my door but it is part of the job and it gets results.
i say give it ago as i hated it so much but i think it was the very best thing i have done.
Hi hanna~
I would like to ask do they provide training? Did you learn anything valuable during this 4 months?
What they telling me during the interview is how wonderful the oppotunities, unlimited potentialearning… things like that.. to make you feels like if you take the risk you can earn much more than day to day 9-5 works.
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
May 5, 2011 - 3:30 am
emptyvessel wrote:
I would take a very close look at the fine print of that contract to see exactly when and under what circumstances your commission would be paid. Perhaps also what liability you have if a deal goes bad. Just in case the company is dodgy. (Note: I am not saying it is, but forewarned is forearmed.)
If it seems remotely reasonable, take the job and keep pushing out your resume. Someone will snap you up as long as you are persistent, smart and have the right attitude.
This job will be a great way for you to learn some basics whilst having very little risk for you personally. You will also meet all different types of people and begin to develop that sales "sixth sense".
Worst case scenario, you quit and keep searching.
Let us know how you go.
Hi emptyvessel:
Thank you for your kindness reply & comments~ U guys are soooo nice & helpful~!!!!!!!
Yeah… I will for sure have a really carful read of the contract if i decide to join.
Thank you emptyvessel^^
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
May 5, 2011 - 2:07 am
scotts wrote:
for a young person with no living expenses (eg living with parents, paying no rent/food bills) I think its fine to take a commission only job and see where it takes you, however if you have living expenses and debt it will be highly stressful for you..
also is that the area of real estate you want to get into or are you only interested because its on offer?
Hi~ scott^^
Yeah. I do not have to worry too much about living expenses, because i still have a little bit part time job to do and i live with my mum. Since i send out my resume last week, so far this is the only offer i received, others didnt contact me after interview or phone calls. They are all want more experienced one from their point of view. I dont really mind doing listing or sales, as long as it within realestate & property industry its all benifit for me since i dont have any previous real estate sales experienced. I still havent made my final dicesion yet, i tell the boss iwill let him know for sure by next friday.
Thanks for your respond Scott!!~~
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
May 4, 2011 - 12:10 pm
Jamie M wrote:
Have you been in sales before? There are lenders that take commission into account when looking at borrowing capacity. However, a straight forward PAYG full time salary will cause less dramas when sourcing finance. It's a tough industry to be successful in so think carefully before making the plunge. Cheers Jamie
Hi Jamie:
No, i dont have any experience in real estate sales. ~ thx for you reply ^^~~~~~
I will think about it~
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
May 4, 2011 - 12:05 pm
Scott No Mates wrote:
What is the deal? Are they running a 'tab' for your training & going to take this from your comms? Are you getting at least 50% comms? Do they provide qualified leads? Doing cold calls? What else will they be deducting from your comms? Eg all promo material, phone, business cards, notebook, etc? Are you selling off the plan? If so, you will be waiting a very long time to receive your comms.
Hi scott~
He said my job is to making connections with investors?selling off the plan, things like that. He said he got a very big network with developer, investors, and market overseas. And at least 50% commission as he mentioned. Other things im not quite sure about at the moment….
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
May 3, 2011 - 9:40 am
christianb wrote:
Just finished reading that thread and it was fabulous – like a little novella.
And don't worry about dropping $6,000 to learn a lesson, they're often far more expensive than that.
Keep at it Jelovea, and wonderful advice dispensed as well.
Thanks christinanb~~^^ I will~
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
April 30, 2011 - 8:30 am
Dear angel~
Thx for your time and advises for today~ ^^ Sooo nice of u~~~~~
I will keep looking for a full time job in real estate..
+ I hope i meet u when i was 21..lol .. i just turn 23 last month. T.T
I will c u again soon..
take care ange~ooxx
jelovea2003
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@jelovea2003
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April 30, 2011 - 6:51 am
to scott:
thats from carly’s property course…. cost me 6k from my own savings. i promised angel i will never do these seminars again. thx for ur respond^^.
jelovea2003
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April 27, 2011 - 2:16 pm
hi~~ I have some scenario think u might interest to know. I have a friend she brought an apartment over in Rhodes close to the railway. The chemical smells so badly, and toxic she said, every time when the wind brings over that smell, she have to shut the window, and of course she cant left the window open becuse of that. So she end up sold it because of health issue… I lived with her before, so i know how badly that smell is. Other than the environment, the facilities and building and design was great! i like it. But not the smell. >.< What i know is there are so many oversea students, and asians rents over there. As you said, the price didnt increase these years, is it because of environmental issue? I would like to know as well.
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
April 27, 2011 - 1:39 pm
coastymike wrote:
jelovea
I haven't had any experience with Carly Crutchfield but my experience with a lot of these seminar hosts is that in practice it is extremely difficult to implement their strategies. Now the next thing you will be saying is "ohh shit so you are telling me I wasted $6k" well no. i'm sure you've learnt a lot from the course and from others and that is what is worth taking away from it.
Personally I think there will be some great opportunities in the next 12 months for property. Things are starting to stagnate or drop and as they do people get nervous. Look around at some of the cheaper areas (not sure where you live) but here in Sydney in the Western Suburbs there are some good deals. Things that need a little work or some minor renovation work but once done are positively geared or close to it. Good way to build up a portfolio without the stress of too much gearing.
<moderator: delete>
Do hang in there. I wasted about $25k about a year ago on a dud venture but the things I learnt from it really helped with another venture which has been profitable. So you live and learn.
U r right~ Hard to implement…. I did try it, and i will keep learning and doing it. At least i believe that not that many people in my age think about invest in property and actually start doing it. so thx MIKE^^..i will not give up, and i will keep doing it!
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
April 27, 2011 - 1:28 pm
I had a look of your link.
But i also would like to confirm that its mainly seminars, not networking, rit?
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
April 27, 2011 - 1:22 pm
i joined carly's course last year. With no assets at all, i find out that it still pretty hard to find profitable deal that over 20% and find people to join ventures with me as well. What their stuff telling me is " dont give up… there is way of doing it… c that… carly can do it… u can do it.."-_-… now, its more than half year passes already, and i still didnt find any deals.. at the beginning, i was so frustrated and worried about this course, and of course the money that i invest into this. What i wanna say is i really push my self out to it, but now still doesnt work out. I did push myself for networking, i really tried. maybe i just havent try hard enough, i have to change myself completely to do that. Some people that i met during the bootcamp telling that this course might not really suit me, it more for the people that at least have some assets. Maybe she think im too young.. Anyway….i will keep trying it as my life goal. At least for the 6k that i invest into this….. guys…i need your help as well…
" you can do it! you can do it!!!!!!"
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
October 3, 2010 - 12:48 pm
Haysondevelopments wrote:
Hi All, Carly's Pro Develop Home Study Course is amazing. I loved it and learnt so much. I am continuing with my education with Ccorp and highly recommend it. If you go to one of her one day seminars, she sells it there, but with easy payment plans to ease the financial burden on you. PM me if you want more info. Thanks.
hi~do u think carly's course worth 6k after u done the course? i just joined in, havent recieve the dvd yet, found a development site and start to do a quick fesio, however hard to get words out from council and builders….im worried and feel uncertain abt the course. im still a student atm…6k isnearly 2/3 of my total savings…i dont know whether i was making a good decision or not.. i didnt tell anyone abt this course because i know they will think im crazy…
cheers
take care
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
October 3, 2010 - 6:20 am
Qlds007 wrote:
I agree with Terry each Call Option contract i have ever used was specifically drawn up for the project in mind and do not believe that 1 hat can fit all.
Terry is a lawyer and maybe for the fee he mentioned he could assist you.
Would save you a lot and also you are getting some first hand expertise.
Cheers
Yours in Finance
thx guys. but i would like to know the cost ranges, so i can get an idea of whether the course worth 6k. thx heaps…
jelovea2003
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@jelovea2003
Join Date: 2010
Post Count: 18
October 1, 2010 - 11:05 am
did u get benifits form doing that course~ is that reliable?im worried???????