How can one become an estate agent and work for himself?

Nenen

Kez100 wrote: »

FGS learn how to take a decent digital photo!

Nooooooooo! That's an absolute anathema to most EAs! You definitely wouldn't look like a professional EA if you could do that!
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

Debt_Free_Chick

peace800 wrote: »

Would it be possible to get others to value property? i.e. professionals and then pay them?

Let's say you had 10 enquiries about marketing properties in the first week. You go and see each one .... you can't give them a valuation there and then, whereas your competitors probably will do so.

You then go away and pay a professional to value the properties .... let's say £100 a go ... that's a £1,000 you've spent.

None of those who enquired appoint you to sell their property ... you've spent £1,000 and not made a penny. Plus you've got all your other overheads. Even if one of them appoints you .... you still haven't earned a penny.

I'd be very, very uncomfortable with that business model.

Jorgan_2

If you are serious about becoming an EA, then go & work for a firm that can train you & give you experience in all aspects of the job. Then decide if its something you want to do for yourself.

Nenen

Jorgan wrote: »

If you are serious about becoming an EA, then go & work for a firm that can train you & give you experience in all aspects of the job. Then decide if its something you want to do for yourself.

There speaks the voice of a man (or possibly woman) who knows what he/she is talking about! Told you there were a few decent and very helpful EAs about!

sarah_elton

Definitely work for an EA first - why are you so anti this?

My brother has been an EA for about 2-3 years. In that time he's done an NVQ thing in estate agenting (yes, such a thing exists, he kept failing one module due to an inability to remember what a purlin was), really learnt his local market, and now does the bulk of the firm's valuations as he's very good at getting business on the books. If he had the capital and the market was better he'd probably be ready to set up on his own in the next couple of years. As it is he's just gone down to part-time so he can start a motorbike dealership with a mate. :rolleyes: But that's another story.

Despite the opinion most people have of EAs there are actually all sorts of professional and legal requirements, and it would be so easy to miss something. Not quite sure why you want to set up a business which you know nothing about.

peace800

Debt_Free_Chick wrote: »

Let's say you had 10 enquiries about marketing properties in the first week. You go and see each one .... you can't give them a valuation there and then, whereas your competitors probably will do so.

You then go away and pay a professional to value the properties .... let's say £100 a go ... that's a £1,000 you've spent.

None of those who enquired appoint you to sell their property ... you've spent £1,000 and not made a penny. Plus you've got all your other overheads. Even if one of them appoints you .... you still haven't earned a penny.

I'd be very, very uncomfortable with that business model.

How can one then carry out a valuation by himslef? do you have to have a qualification to value a property? what do u need?

chickmug

peace800 wrote: »

How can one then carry out a valuation by himslef? do you have to have a qualification to value a property? what do u need?

Are you sure you are not a Troll.

Conrad

Peace Ive been in mortgage broking a long time and used to work as a regional manager for a national chain of agents (on the mortgage side).

Joe Public thinks being a sucessful EA is easy, nothing could be further from the truth.

Do you watch Alan Sugars 'The Apprentice'?
That should give you an insight as to the basic principles of generating business.

ALL of the sucessfull EAs Ive met had one thing in common;
They are top salespeople.
That doesnt mean they have the gift o the gab as Joe Public would tell you.
What it means is they have an inner steel to sit there and make uncomfotable sales calls day in day out, ALL DAY.

Can you do that? I know I couldnt.

Conrad

I'm guessing you are'nt a good salesperson as you are getting out of finacial sales (whatever that means).
No financial adviser Ive ever met would not know that anyone can value a house, and that no EA would possibly contract out thier valuations.

DO YOU NOT UNDERSTAND THE VALUATION IS "THE" SALES OPPORTUNITY AT WHICH ONE HAS THE SPACE TO CONVERT A VALUATION EBNQUIRY INTO THE BEGINNING OF A SALE?

People put thier houses on the market with the agent that convinces them to so do. You wouldnt get anywhere having a sub contracted valuer!

Are you for real (no offence, its just you are asking very odd questions)