As you begin your journey towards your real estate career, you may be amazed what it takes to become comfortable. Just knowing enough to pass the state licensing examination isn’t enough. Many rich licensed brokers attribute their prosperity to determination, superior training and mentoring. This will come in the form of resourceful books on the web, participating in training seminars and, above all, practicing at an office willing to allocate leads and share their knowledge with you.
Most licensed agents and brokers assume to earn thousands of dollars their first year. While it is possible, it is unlikely unless you have good mentoring and teaching materials. Since it takes time to produce a clientel to get listings there is one specific type of listing you can present as your own: HUD Owned Homes. Anyone can show, sell or advertise a HUD-owned home.
HUD owned homes can initiate a nice earned income for new and experienced brokers. While with the old national HUD contract they offered a 5% commission that has now been decreased to 3% which is still pretty decent.
Many affordable HUD deals peter out on the market because new and experienced real estate agents don’t seize the HUD sales process. Just getting started as a real estate agent is rough so don’t throw away hud sales from your portfolio. As others are ignoring them, you can excel with them.
Second thing you can do is catch a HUD agent training course of study. Many are offered every month nationwide. Check with your local realtors association for class scheduling. If you are not able to attend then visit our site below and you can download a free eBook for bidding strategies and learn more info at our real estate academy.