Post by account_disabled on Mar 12, 2018 7:40:12 GMT
Hi,
I will be taking early semi-retirement soon and thus will have a lot of spare time.I will still have substantial income from this arrangement.
I own a $1,000,000 house and want to move up to a $2.5m house .
I have been looking for houses on the MLS myself and advised my previous agent who was slower than me in finding prospective houses.It seems like I am doing his work for him and his job was just to type in the offer amounts.I have since given up on my agent.Anyway the hot market makes me want to wait a bit and not carried away in too many bidding wars lost.
I figure if I become an agent after taking the OREA 3 prerequisite online courses and another course in a few months,I can become an apprentice agent after spending 2.5k on courses and 1k on OREA memberships.Besides the course will exercise my grey cells which have become too accustomed to my old job.
The commission saved in selling the old house would be $ 10000(1% to the selling agent,ie myself)
The commission earned in buying my new house would be around 2.5mx2.5%=$62500
so the total money saved=$72500 ("after tax income")minus what is given to the brokerage training me.If the brokerage takes 10%,I willl still be left with more than $60000. I do not intend to continue my membership or continue the 2 year probation after the old house is sold and the new home is bought.
Any suggestions regarding my plan of action?
I didn't find the right solution from the Internet.
References:
www.financialwisdomforum.org/forum/viewtopic.php?t=117666
Overview Video Cost
Thanks
I will be taking early semi-retirement soon and thus will have a lot of spare time.I will still have substantial income from this arrangement.
I own a $1,000,000 house and want to move up to a $2.5m house .
I have been looking for houses on the MLS myself and advised my previous agent who was slower than me in finding prospective houses.It seems like I am doing his work for him and his job was just to type in the offer amounts.I have since given up on my agent.Anyway the hot market makes me want to wait a bit and not carried away in too many bidding wars lost.
I figure if I become an agent after taking the OREA 3 prerequisite online courses and another course in a few months,I can become an apprentice agent after spending 2.5k on courses and 1k on OREA memberships.Besides the course will exercise my grey cells which have become too accustomed to my old job.
The commission saved in selling the old house would be $ 10000(1% to the selling agent,ie myself)
The commission earned in buying my new house would be around 2.5mx2.5%=$62500
so the total money saved=$72500 ("after tax income")minus what is given to the brokerage training me.If the brokerage takes 10%,I willl still be left with more than $60000. I do not intend to continue my membership or continue the 2 year probation after the old house is sold and the new home is bought.
Any suggestions regarding my plan of action?
I didn't find the right solution from the Internet.
References:
www.financialwisdomforum.org/forum/viewtopic.php?t=117666
Overview Video Cost
Thanks