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As an ADC applying this summer for 2022 start, I haven’t gotten a chance to connect with any L.E.K. Consulting members and I really want to get to know the company better before moving on with my application. Any L.E.K. Consulting fish out there willing to spare a few minutes to chat about their work, the company, the culture etc? Thanks!
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Not sure of the rules (I’m in NC), but pre-licensing was about 90 hours of course work (required live instruction, although virtual) and we had to take 3 30-hr post licensing courses. Exam for pre-licensing was intense but if you read the material/can retain info, you’ll be fine. Math made up maybe 15% of the exam. Generally speaking, you aren’t going to get rich doing this on the side. It’s not easy finding clients either - if you think all your friends are going to use you, you need to be okay with the idea that they might not (I’ve had close friends not use me because they already have a realtor that they’ve used). Buy side can be a huge pain in the ass - ie showing 30 homes, writing multiple offers and not getting them accepted. I enjoy the subject matter and use it mainly for my own properties to save money. You’ll likely need to hang your shingle with a Broker-In-Charge, who will take a cut off the top. Most deals are 2-3%, so your take home before taxes may be as low as 1-2% depending on the firm’s cut. Happy to answer specific questions. Read these books if you haven’t picked them up yet: Ninja Selling, the Millionaire Real Estate Agent
Congrats C1!
Having a real estate license is a great thing if you’ve got the time to put towards it. You won’t automatically get buyer or seller clients just cuz you have it. You’ll have to actively solicit your services to your circle of influence and drum up business. It will take a couple years. Be patient and keep learning. Most realtors quit after a year but if this is your side gig you can be more resilient. Stay the course.
I do it on the side. I find it difficult to have more than 1 or 2 clients at a time. Honestly prefer 1 at a time. Otherwise scheduling gets complicated. You’re only showing properties after work or weekends. Sometimes can swing midday. But then you have inspections and appraisals.
What state are you in?
CT