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Frequently Asked Questions

1. Can I work part-time in real estate?

Ebby Halliday, REALTORS® will only associate full-time, career professionals. We believe buyers and sellers are best served by REALTORS® dedicated to maintaining current knowledge and skills. Real estate is a demanding, challenging business which requires full-time attention and commitment.

2. What are my expenses as a REALTOR®?

There are start-up expenses in education and licensing, and ongoing expenses that are both fixed (dues, insurance, communication tools, etc.) and variable (marketing costs, mobile phone, etc.). Here is a listing of typical expenses of a North Texas REALTOR®.

(Expenses will vary depending on County and Association)

Initial One-time Costs:
TREC Evaluation Fee $30.00
TREC License Application Fee $94.50
Real Estate Recovery Fund $10.00
TREC Examination Fee $61.00
Finger Printing Fee $44.20
Association of REALTORS® Application and Orientation Fee $200 - $300 (depends upon which association)
MLS KeyCard $176.00

Fixed Costs:   Payable:
Association of REALTORS® Dues (first year prorated by quarter) $300 - $400 Annually
MLS Dues $95.00 - $140.00 Quarterly
Key Card Fees $137.00 - $176.00 Annually
*Business Development and E&O Insurance $100.00 Monthly

Variable Costs:
  • Personal Marketing Expenses
  • Key boxes ($80-$100 each, approximately; sold through local Associations)
  • Name Swinger Signs (5 standard $45.00; 5 photo @ $23.00 each) Mobile telephone
  • *3 Year Follow-up Buyer VIP Program ($27 per buyer shared by company based on plateau)
  • *1 Year Follow-up Seller VIP Program ($15 per seller shared by company based on plateau)
  • *Business Cards ($40 - $135 per 1000 cards; single or double, photo, etc.)

Miscellaneous Start-up Expenditures:

Real Estate Calculator, Personal Computer, Printer, Fax, Scanner, Digital Camera, Professional Photograph, etc.

*Expenses specific to Ebby Halliday, REALTORS®

Note: It is strongly recommended that the new sales associate have a minimun of six to nine months living and real estate expenses in reserve.

3. How soon will I make an income? How much can I expect to earn?

First year production is extremely unpredictable. On average, it takes four to six months for a new sales associate to close their first transaction and receive a commission. First year top-producing "rookies" have earned incomes as much as $90,000 and some more than $100,000.

4. How long does it take to get my license?

Real estate classes offered by local real estate schools are varied in format from all-day to nights to weekends. The number of classes required varies depending on your past college education. Generally, the process is: two to six weeks of education; two weeks for the application process; two-hour exam; and one week for the license to be received. Your total time invested is two to three months.

5. What characteristics make a good REALTOR®?

Attitude and personality traits include: Willing to work hard; willing to learn; good self-image; positive; outgoing; enthusiastic; likes to help others; a servant spirit; independent and creative; handles frustration well; mature; and persistent.

Professional skills traits include: Self-motivation; dependable and reliable; organized and detailed; willing to work long hours; strong communication and presentation skills; can prospect and ask for business; competitive and goal-oriented; professional personal image; good time manager; results oriented; problem solver; and being committed to the career.

 
 
 
 
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