How A Real Estate Agent Can Make Money During A Recession (2024)

Frequently Asked Questions

​How long is the Loan Signing System course?

Loan Signing System courses contain over 8 hours of primary training and another 5-6 hours of bonus training videos if you watch it straight through. The course includes a full loan signing you can watch, several audio recordings of actual loan signings, and a step-by-step video of how to go through an entire set of loan documents.​You can learn at your own pace. Learn it all in a few evenings or over the course of several weeks or months. It's up to you.

Is this for beginners or advanced loan signing agents?

The best part about the Loan Signing System is that it has so much content that it provides incredible value for both beginners and advanced notary loan signing agents.

Beginning loan signing agents will find topics like how to get your notary commission, how to easily get your first loan signing, and how to do a loan signing with confidence.

Advanced loan signing agents will find topics like getting signings directly from escrow officers and mortgage professionals, how to do a loan signing to escrow standards (not signing service standards), and my most advanced tips on how to build and market your loan signing business.

What qualifications are needed?

​You don’t need a degree or any special certifications. You just need a notary commission in your state and the know-how! You truly can start with no education or experience!

Getting a notary license (known as a commission) is very easy. In most states you simply need to apply. Some states require simple 30 question tests. In either case, it generally takes two weeks to two months to get your notary commission. A link to exactly how to get your notary commission is in the course.

Should I wait to get my notary commission before getting the course?

No. I recommend getting the Loan Signing System course before any other step because the Loan Signing System is designed to help you avoid the common pitfalls most signing agents take when building their business. I link to easy and low cost ways to get your notary commission in your state and supplies so you can save the headache and your money! Getting the course first will walk you through how to become a successful signing agent step by step even if you're starting from scratch!

What if I already have my notary commission?

​If you already have your notary commission, congratulations... the most time-consuming part is out of the way and you can immediately start making money as a notary loan signing agent! You simply need the knowledge and the step-by-step training, which is what the Loan Signing System provides you! I have had students with their notary commission start the course and get signings the very same week!

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​How long do I have access to the Loan Signing System course?

You'll get immediate and unlimited access to the Loan Signing System training course videos.

​What if I'm not satisfied with the Loan Signing System course?

All of my courses come with a 100% money back guarantee. I am committed to your success and am truly invested in your success. If you don't like the course for any reason within 30 days, and as long as you haven't received the Loan Signing System certification, simply let me know and I'll issue you a full refund.

​Does this work in my state?

The good news is that lenders don't make 50 totally different sets of loan documents for the 50 states. And although laws and some documents vary from state to state, the Loan Signing System course is designed to teach you the fundamentals of doing loan signings so you can do a perfect loan signing in any state with any document. Always follow your state's notary laws and best practices (provided in your state's notary commission course and secretary of state). Loan signing agents are most commonly used in escrow states.Learn more about escrow states here.

​Does the Loan Signing System include a signing agent certification?

Absolutely. The Loan Signing System includes a certification so you can demonstrate that you've taken the most complete loan signing agent course and passed the exam with a 90% score or better. You can showcase your Loan Signing System Certification on some of the largest loan signing agent databases such as Snapdocs and Notary Resume and put the Loan Signing System Certified Agent seal on your business cards and other marketing materials.

Where is the Loan Signing System Certification recognized?

Loan Signing System is the premier loan signing agent training taught by Mark Wills.He has trained thousands of signing agents from coast to coast. He owns a loan signing service and the Loan Signing System has been widely recognized from some of the largest signing agent databases such as Notary Resume and Snapdocs, as well as escrow agents (the people that hire notary signing agents).

How do I know I'll get loan signings?

​The good news is where there are homes, there are loan signings! So if you look around and see homes, that means you can make money as a loan signing agent!

Here's the better news... it's very easy to become a notary loan signing agent. You don't need any special education or degrees. You simply need a notary commission.

This ease of getting into the business generally causes a higher supply of loan signing agents. Which some people fear because that creates more competition. But this is the exact reason why you can get a lot of loan signings. The low barrier to entry to get into the business causes most signing agents to be lower quality, untrained agents. Because a course is NOT required to get started.

So when you take my course, you will literally be better than 90% of the loan signing agents in the market. And that is the reason why you can get more loan signings than anyone else. If you ask any escrow officer (the people that hire loan signing agents), a good signing agent is worth their weight in gold and are hard to come by. And when they do find a good signing agent, they tend to feed them loan signings regularly.

I'll teach you step by step how I became the top loan signing agent in my market, so you can do the same!

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Do I need any other certifications?

​As a loan signing agent, you actually don’t need a certification to get your first signing. However, to build a successful signing agent business, you should get the Loan Signing System certification as well as the NNA Signing Agent certification. The NNA is the largest and most widely known training for notaries. And two of the largest title companies require that you have it. However, the training is basic and may not fully train you to actually build a successful loan signing business.

I link to the exact NNA certification within my course. The NNA certification is only $65 and includes a background check. Start with the Loan Signing System certification, and when you are doing signings, get the NNA certification.

What does the monthly mentorship entail?

If you purchase the Six Figure Loan Signing System Course, you’ll get access to my live mentorship where you can ask me any question about building your business, LIVE! You’ll see me on video and you can type in your question before or during the biweekly sessions. Plus all sessions are recorded so even if you miss it, you’ll still be able to watch it. My students often refer to it as a “must-have” and it’s the perfect way to get all of your questions answered as you build your loan signing agent business.

What if I can't afford the full payment?

I offer convenient monthly payment plans on all of my courses. You get full access to the course upon your initial payment!

What if I have questions or problems?

My goal is to make becoming a successful loan signing agent as smooth and streamlined as possible. If you ever have any issues or questions, I offer a number of resources to get your answers. I have a private Facebook group for students so you can ask other students and successful agents. Most loan signing agents have had the same questions and comments as you in the past and are a great resource and support group for you. I also have live chat available during business hours. And of course, you can email me at [emailprotected].

What are the payment options?

I offer secure SSL encrypted payment options from every major credit card, including Visa, MasterCard, and American Express.

How A Real Estate Agent Can Make Money During A Recession (2024)

FAQs

How do real estate agents make money in a recession? ›

Since a real estate crash involves lower housing prices, it can lead to a booming buyer's market. That means there are more homes for buyers to choose from—and less competition for them. This makes it easier for buyers to place bids, no matter what the market looks like, which can boost your sales and profits.

How do you sell real estate in a recession? ›

Buyers during a recession are typically not looking for a project home. Buyers want a move-in-ready home as they are not looking to take on a great deal of renovations at this time. Making your home move-in-ready to the extent that you are able to do so is one of the best tips for selling your home right now.

How do you thrive in real estate during a recession? ›

Focus on cash flow.

Even if property values decline over the short-term due to rising interest rates, good recession-resistant commercial real estate investments such as self-storage can continue to generate solid cash flow through all economic cycles. Month-to-month leases allow rents to be quickly adjusted to market.

Are realtors recession proof? ›

Is being a real estate agent recession-proof? Agents can become recession-proof by carefully managing their businesses. Even in the worst of times, there will be real estate transactions because homeowners die, divorces happen, people must relocate for their careers, etc.

What type of real estate does well in a recession? ›

The best investment during a recession is residential properties. There's surely someone on the lookout for a home, and since it is a basic need, housing always has a demand no matter what happens.

What's the best thing to sell in a recession? ›

Food will always be a required expense for consumers. So grocery essentials such as produce and dairy, non-perishable food, and pantry staples are among the most recession-proof items you can offer.

What do real estate agents do when the market is slow? ›

Joining networks, clubs and groups specific to your real estate market can significantly expand your reach. Don't underestimate this even if you're one who would rather be on the couch than out at a brewery networking with others. Even in a slow market, there are still buyers and sellers out there.

How to make money when real estate is slow? ›

5 Ways to Make Money When Real Estate Sales are Slow
  1. Stock Photo Sales. If you have a real estate blog (and every agent should have a real estate blog!), you're very familiar with stock photos. ...
  2. New Home Photo Shoots. ...
  3. Property Management. ...
  4. Cleaning/Landscaping/Painting. ...
  5. Property Tax Appeals.
Nov 27, 2018

Does real estate get cheaper in a recession? ›

Lower prices: With fewer buyers who can afford the purchase, home sellers will likely no longer see multiple offers or bidding wars for their properties. This can lead to lower home prices. Lower rates: During a recession, the Federal Reserve will often lower interest rates to stimulate the economy.

How do you succeed in a recession? ›

Build up your emergency fund, pay off your high-interest debt, do what you can to live within your means, diversify your investments, invest for the long term, be honest with yourself about your risk tolerance, and keep an eye on your credit score.

What causes a real estate recession? ›

Housing recessions usually last several years, and a variety of factors, including job losses, economic downturns, or over-investment in specific markets, can cause them.

How do realtors make money in a recession? ›

To put it simply... in a bad economy, interest rates are a key factor to recovery… lower interest rates equal more home refinancing transactions… and more home refinancing transactions means that you can still make great money when home sales lag.

Is Realty Income recession proof? ›

Realty Income (NYSE: O) tends to be a low-volatility stock. After all, the company is a Real Estate Investment Trust (REIT) that specializes in triple-net leases to recession-proof tenants in mostly stand-alone locations.

Is it bad to buy real estate before a recession? ›

Cons of Buying a House Now

Economic conditions can fluctuate, and there is always a risk of a downturn or recession. During uncertain times, job stability and income levels may be at risk, making it challenging to meet mortgage payments and other financial obligations.

How does a recession affect real estate sales? ›

According to Investors Place, a recession may realign or slow the price incline of the real state market since there's typically less consumer spending and “a recession will put upward pressure on lending rates that should dramatically reduce the demand for homes.

What happens to real estate stocks during a recession? ›

Real estate has usually been considered a more stable form of investment during times of economic downturn. However, this might not always be the case during a recession. Housing prices dropped significantly in previous recessions due to decreased demand and lower investor confidence.

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