Selling Real Estate while in B-School

Question

I just would like to get everyone's opinions on considering selling real estate while in B-school full-time. I just would like additional income because the Cost of Attendance is less than my actual need!! Also, I would be relocating to an area I have no knowledge about but I feel that I can adapt quickly.

TRISTLW · Answer

I see some people have responded to the poll but no responses to the question!!! I just want others' opinions

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bb · Answer

First of all, do you mean you have a real estate license that works in the area you ate relocating to and want to be a realtor? thats the only thing i can think of (being an agent of coldwell banker or remax)?

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megany · Answer

Up here (in Ontario) you have to spend thousands of dollars each year in order to keep your license active including insurance, registration fees, etc. Plus the marketing expenses and desk fees (depending on your split with the brokerage). Assuming you mean working as a realtor, I would suspect many of those fees would apply in your state as well. Also, client service is one of the primary determinants of real estate success and I don't think a client would be happy about losing a house because you were in an exam or class presentation you couldn't get out of it...

TRISTLW · Answer

Yes, I mean I will have my real estate license in the DMV area while full-time. I wouldn't have any desk fees or desk assignements because I will have working relationship with a broker who doesn't require those fees. So the only feels that I would have are MLS and E&O insurance which is only $180 per year. The only expenses that I could see which could be varible are marketing.

fismi07 · Answer

Another alternative to being an agent would be to invest in real estate. I don't have a license but I plan on getting a Rental property and using that income to help while in b-school. Every city is different but in Atlanta it's not too hard to find a place below $100k that will bring in $400-500 per month profit. I have a place now with a $700 mortgage that I could rent for $1500/month

MzJavert · Answer

The good part about selling real estate, most showings are in the evening and weekends. The bad news, that's prime study time. Still since the hours are flexible, it sounds like a winner.

VeritasPrepMike · Answer

I don't know about this idea. Selling real estate while in business school sounds pretty hard. As far as I know, there are no set hours for being a real estate agent. Essentially you are at the beck and call of your clients. Assuming you want to make any money that is. Therefore, a client could call at anytime and want to see a home. Are you willing to walk out of class or an interview to make that happen? Are you willing to deal with all the distractions? My advice is to get really focused on what it is that you want out of school. The few thousands you would make as a real estate agent aren't life changing.

Selling Real Estate while in B-School

Should I sale real estate while in B-school full-time?

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