Trying out as a Property agent

[JusticeBao]

It is not as easy as you think…

[happykappy]

hi, i tried it out once…still a property agent actually, but yeah, it’s not easy if u’re not fully committed. i’m also a bit er…too honest for my own good so it’s hard for me to close a deal if i think there are problems with the unit. also, it’s not cheap to "try out", u’ll have to pay all the courses that CEA now insists u take so it’s a few hundred dollars, plus CEA’s registration fee plus a lot of other fees also few hundred dollars. I don’t think i will be renewing again cos there are too many "sharks" out there and too difficult to compete with them (unless u’re a shark yourself i guess).

[elderflowertea]

happykappy:

hi, i tried it out once...still a property agent actually, but yeah, it's not easy if u're not fully committed. i'm also a bit er...too honest for my own good so it's hard for me to close a deal if i think there are problems with the unit. also, it's not cheap to \"try out\", u'll have to pay all the courses that CEA now insists u take so it's a few hundred dollars, plus CEA's registration fee plus a lot of other fees also few hundred dollars. I don't think i will be renewing again cos there are too many \"sharks\" out there and too difficult to compete with them (unless u're a shark yourself i guess).

OMG!! What do those sharks do?

[happykappy]

they try to upsell you. this is only one e.g. - one of my clients, she could only afford a certain amount, so i was helping her look ard. then i had to go overseas for 5 days and she went with another agent who didn’t listen to what she could afford, got her to sign the docs and when i came back, she called me panicking, ask me how to service loan. alamak, i already work out how much is your max and u go buy a house few hundred thousand more and u ask me how? so i told her to ask the agent she bought from to help her settle.

[lim72]

Please ask your boss to write an excellent testimony for you and I still think you should find a permanent full time job before your boss retires. You have 3 years to plan and its definitely not too late, unless you are willing to forgo your precious family time with your children as most viewings are in the evenings and weekends.


p.s.: I’m not a property agent. As I have sold my place last year, so I know when most of the viewings will be.

[friendship]

be prepared abt 9 mths with no stable income as you used to get. make sure all your car, housing, credit cards loans are fully paid within these 3 years.

[elderflowertea]

happykappy:

they try to upsell you. this is only one e.g. - one of my clients, she could only afford a certain amount, so i was helping her look ard. then i had to go overseas for 5 days and she went with another agent who didn't listen to what she could afford, got her to sign the docs and when i came back, she called me panicking, ask me how to service loan. alamak, i already work out how much is your max and u go buy a house few hundred thousand more and u ask me how? so i told her to ask the agent she bought from to help her settle.

Oh. But will your boss stress you to find clients or close deals etc?

[peapot]

CEA requires part time agent to seek approval from their full time employer. Not many companies can accept their employees do moonlighting. If you hide from your boss it may also difficult to close deal because you need to answer phone calls all the time??

[fightingmom]

Cannot be a secret agent yah ... :evil:

[fightingmom]

Hi Chloecube,


The fact that being a property agent allows you the flexibility, it also means that you must have the discipline to do what you have to do:- that is to source out clients, meet clients, arrange viewing appointments and of course close the deals. (Very much like insurance agents, i think)

I have a few friends in the property line so i heard a lot of \"stories\" from them when we la kopi. You have to learn to balance your expenses versus your income and from what i understand, you don't get paid until the completion of the deal which could mean about 3 months from the date of the closing. That means, you have to close many many deals to cover the \"gaps\" where there could be no $$$$ at all.

I heard from my agent friends that recent news announced that property agents have to attend courses to upgrade themselves every year and they mut have a valid license to practice else it is an offence. I am sure the courses are not FOC.

All in all, i think if you work hard, you will make it ! I have seen some of them very successful in this line but comes with sheer hard work and of course lots of networking. Good luck !