I have done it, I should start again as I have plenty of free time lately. My reason is I never got to house-hunt. I lived with my parents, then for a couple of months with DH in his sister’s basement, then this house was offered to him to live in as part of his new job. We bought it 5 years later. It’s great, and we have no plans to move, but it’s fun to look.
DD’17 likes houses. She has gotten a taste of getting to be in some of the nicer houses in her area by dog-sitting. She would be good at staging them. She says someday we’ll do real estate together. She would sell, her cousin would take the photos, and I would do the closings (I already do that as part of my current job).
I see now @abasket asked about doing it as a job. I’m not a realtor, I’m an accountant and paralegal and in Iowa many closings are done by lawyers. I don’t get to show the houses or make the sale, just do the paperwork. I work on the deed packet, type the title opinions (that’s an Iowa thing), gather all the numbers, assemble the closing statement, coordinate a time that works for everyone, deposit the money, disburse the checks, record the deed, etc.
When it all goes smoothly, I don’t mind it. When there are issues that make me wonder if it’s going to come together on time, I get so stressed. And when we have to deal with a big bank (Quicken Loans, Wells Fargo, etc.) it’s the worst. You work with a different person at every stage, sometimes your person disappears, communication is poor, the HUD-1 prep is confusing, it’s all so disjointed and impersonal. Then you get a huge packet of paperwork because they don’t meet with the borrower, so the attorney basically has to do the banker’s job in addition to his own. Versus working with a local bank, they take care of all their own expenses and paperwork, and send the buyer to our office with a check.
So there you have it on the paperwork end, yes it can be a pain but paperwork is kind of my thing so it’s pretty satisfying when it all comes together.