I am considering getting a real estate sales agent license (California) and I need the following information:
1. How does the process work - I understand that the real estate agent has to accompany the buyer on the first visit to the sales center. How much further support needs to be provided to the buyer during the subsequent new home buying process (eg: contract signing, escrow, home inspection, etc.)
2. Do home builders (like KB Home, Pulte, Toll Bros., Taylor Woodrow, etc.) have special arrangements with agents who regularly refer home buyers to their developments (higher commissions, etc.).
3. On an average, what percentage of home buyers end up being referred by
4. Can a sole focus on referring home buyers to new home developments be lucrative? The broker co-op commissions in California vary between flat rates of $7000 to upto 3% of sales price. The key is whether an agent can generate enough volume through such referrals.
5. Any related links that you can refer me to?