BREAKTHROUGH WEEKEND Teaser Trailer

Space Rabbit IndieGoGo

Help make Matt Zoller Seitz's amazing new puppet sci-fi show Space Rabbit! Get great rewards! More here.

Tuesday, June 26, 2012

On becoming a real estate agent in New York City - Part 1

I am not certain exactly what gave me the idea to pursue a career in real estate in New York City, but there I was a couple of months ago, sitting in a class at a real estate school.  In New York one must take 75 hours of classes in order to practice as a real estate agent (agent is a commonly used term, but, for the record, the official job title is Licensed Real Estate Salesperson).  The 75 hour classes are followed by a class exam, which is followed by a state exam.  I found the class to be very interesting (and dull at times, but overall very interesting) as it was a window into a specialized world, and it demystified certain ideas I had regarding finances and real estate.  I passed the class exam relatively easily.  I also passed the state exam on my first attempt.  I've met more than a couple of agents who bragged about having to take the exam over three times before passing.

To begin my career I passed on a relatively large, mostly Brooklyn based firm that I planned on working at when I was in real estate school for a small firm in Manhattan.  The work - for a showing agent for rental units in Manhattan - mostly consists of placing ads, screening potential clients, and showing apartments for interested clients.  Within the first two weeks I had my first deal - I rented out a 1 bedroom apartment in the Upper West Side.  Within my first month working as a real estate agent I realized that further, in-depth training - regarding advertising, handling customers, managing work loads, getting to know the various neighborhoods in Manhattan, the various legal aspects related to real estate work - would make my work easier and more rewarding.  So I began searching for a company that could offer the training I wanted and would make it easier for me to take my practice to the next level.  After taking a look at the handful of the largest firms in Manhattan, I settled on Bond New York.  Bond is massive - over 500 agents, 5 large offices in Manhattan.  What attracted me to them were the following facts: key figures in the company were accessible - I was able to contact them relatively quickly and get my questions answered quickly, they have a formal training program - Bond University - 6 days, full time, covering - as far as I can tell, many areas that a new agent would need to know in depth in order to do well in Manhattan, and their size & available resources, in my view, probably makes it easier for them to deal with certain landlords & management companies - which makes a big difference to a rental agent when it comes time for closing a deal and getting a client into an apartment of his or her choice.  Another main factor in choosing Bond was their relatively awesome office in Greenwich Village (I'll add some photos soon), surrounded by NYU, & very close to a lovely park, & not too far from where I live/short commute.  The way Bond does business - a consultative apporach (similar to going to an attorney or a doctor) as opposed to a retail approach (going to buy something from a store) - simplifies the apartment hunting process and, in my opinion, makes the work more enjoyable for agents and probably more manageable for clients.  Bond's method appears to be a good mix of high-tech and an older, simpler way of doing business.  I have a busy couple of weeks ahead at Bond, my first full weeks out of Bond U, and so far they seem very promising (judging by what I hear from other recently started agents at Bond and what I've observed at the office).

So far, in NYC real estate, I've met some very interesting & nice clients, a few not so nice clients, a bunch of great co-workers (at both firms I've worked at so far), and have worked on a few deals - and as far as I can tell, for those agents who work hard and develop their skills and are with a supportive, resourceful company, there is quite a bit of money to be made in NYC real estate and the work can be rewarding in other ways - learning more about the city and meeting interesting new people being two of them.  And your legs will get tired - sometimes long blocks in Manhattan.  All in all, becoming an apartment rental agent in Manhattan is recommended - might not be for everyone, but may be the ideal job for motivated people who like new challenges, who like people, and who want to try to make a significant amount of money (after rentals one can go into sales - larger commissions).  This is how things look now, a couple of months in, let's see where we are in another month or two.  Even though independent filmmaking will continue to be my primary focus in life, NYC real estate work appears to be another very good way to spend my time - and it might even make me a better & more productive filmmaker - let's see, more on all of this soon, in Part 2, before this summer is over.  And, of course, if you need help finding a great apartment in NYC or if you have questions about real estate work in NYC, get in touch.

::
 ::
::
::
::
::
ADVERTISING

New blogs for projects by NYC artist Katheryn McGaffigan:
 
Blog 1
http://katherynmcgaffigan.blogspot.com/

Blog 2
http://katherynmcgaffigan2.blogspot.com/

Blog 3
http://katherynmcgaffigan3.blogspot.com/

Blog 4
http://katherynmcgaffigan4.blogspot.com/

Blog 5
http://katherynmcgaffigan5.blogspot.com/

Blog 6
http://katherynmcgaffigan6.blogspot.com/

Blog 7
http://katherynmcgaffigan7.blogspot.com/

Blog 8
http://katherynmcgaffigan8.blogspot.com/

Blog 10 (no blog 9, numbered wrong)
http://katherynmcgaffigan10.blogspot.com/

Blog 11
http://katherynmcgaffigan11.blogspot.com/

Blog 12
http://katherynmcgaffigan12.blogspot.com/

Blog 13
http://katherynmcgaffigan13.blogspot.com/

Blog 14
http://katherynmcgaffigan14.blogspot.com/

Blog 15
http://katherynmcgaffigan15.blogspot.com/

Blog 16
http://katherynmcgaffigan16.blogspot.com/

::




1 comment:

James Leer said...

Awesome! Good luck! I mean that! My cousin tried to be a real estate broker and it didn't work out to well! He was really disappointed. But you can make it!

DATE NUMBER ONE on Vimeo VOD

Indie Film Blogger Road Trip

ad - wifi doorbells from rintercom

NEW WiFi Doorbells from Rintercom - amazing deals on a great product


call us for great prices on wifi doorbell intercoms & similar items! we sell wholesale to builders. also retail to individual users.

we have several wifi doorbell intercoms starting at $180. see various products & prices here - http://www.rintercom.com/blank-1

WiFi Doorbell Intercom
Monitor your doorsteps at anytime and anywhere from your smartphone or tablet
Receive Instant Alerts everytime a visitor presses your doorbell
No App charges or monthly maintenance fees
Using the ControlCam App you can see the live feed video and have a two-way conversation as well as recording both videos and photos.
With any electronic lock or magnetic lock you can unlock the door using the App.

more info here - http://www.rintercom.com/

or visit our showroom in brooklyn!

*
similar to skybell wifi doorbell, ring wifi doorbell, door bird wifi doorbells

At DIY Filmmaker Blog's Facebook Page

Followers

BREAKTHROUGH WEEKEND Teaser Trailer on Vimeo

Breakthrough Weekend teaser trailer on YouTube

Good Reads