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Taking over an established real estate business

I live in a very high cost of living area and enjoy going to open houses regularly. I’ve always taken an interest to real estate but have no experience in it, yet, other than owning a home if that counts. Well this past weekend, I met an agent who is a bit older and looking to transfer his business to a younger person. We had a sit down meeting a couple days after initially meeting where he spoke more of his vision. We’re both taking a week to reflect before our next meeting. Anyway, anyone have thoughts on a transfer of real estate business? Good idea? Run the heck away? This is less about his success as an agent or my ability to be successful. I’m trying to get people’s thoughts on taking over someone else’s business. It would be over the course of years and he would train me while shifting leadership to me. During his good years he did 50-100 million worth of sales. Bad years was less. Average sale price is in the multi millions.

submitted by /u/msbasicbitch
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source https://www.reddit.com/r/RealEstate/comments/cxqi4t/taking_over_an_established_real_estate_business/
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