I want a career in Real Estate. What do I do next?
March 3rd, 2010So, I’ve pretty much been in school for the past four years. I’ve got an associates in early childhood education, I’ve got a certificate in phlebotomy, and I’ve started taking classes in medical office management.
Well, call me confused but I’ve decided [yet again] that none of these things are what I want to do. Ever since I was little I’ve been fascinated with real estate. I still am. I would love to start a career in real estate. I hope to someday open my own business and flip a few houses. But I’m taking baby steps first.
So, what do I need to start out in Real Estate? [Whether working corporately for century21 or a private business.]
What does it take to be in Real Estate?
Do I just need the license or are there also degrees? Which would you suggest?
What kind of money do you typically make? Is it commission?
Any other information I should know?
Thanks!!
It was very hard for me to find a website.
When I typed in "Real Estate" of course it brought me to places where I could buy.
When I typed in "Real Estate Degree" it brought up online colleges.
When I typed in "Real Estate License" it brought up laws for the license.
When I typed in "Real Estate Career" it brought up all kinds of job listings.
I’m sure there are plenty of websites on the topic but it’s extremely hard to find them. I would much rather know everything that I’ll have to do before jumping into something.
Thanks!
Firstly, it varies by state, but here in NC, you have to take a Broker Pre-Licensing Course and pass it…then you take the State Exam (on the same material) and once you pass that you are licensed to practice real estate as a provisional broker and can work at any brokerage under a broker-in-charge (they are like an office manager and a team motivator).
You have continued ed…8 hours a year every year as longer as your license is active.
You also have three 30 hour courses (you have to take at least one a year for the first three years)…after you complete those you are not "provisional" any more. I can’t remember if you are able to automatically start your own firm after that, or if you still have to be in the business for 3 years.
Another thing to know is that it takes a lot of money initially to get your mls access(multiple listing service where all the homes listed by Realtors are able to be searched through and viewed), become a member of the Realtor Assoc (typically that’s mandatory)…if I remember right it cost me about 800-1000 dollars my first month. Remember you also have to buy name riders for home signs, directional signs, advertising, business cards, get a professional photo, etc…and typically you have office fees (which may include desk fees, printing allowance fees, errors and omissions insurance, etc)…these vary by office.
You don’t need any additional education, and it’s fairly easy to get a job…typically companies "hire" most people (though you’re really an independent contractor and self-employed)…and time/dedication weeds out who will be around after a year or so goes by.
Money/Income varies… it depends on the average home price in your area, and the amount of discount (or super low commission charging) brokers in your area that you have to compete with. It is 100% commission usually, and the company gets a portion of that commission.
I got a Marketing degree at a good 4 year university, got licensed in real estate in March, joined Coldwell Banker in April…they have good training by the way. I will regretfully say that I recently quit… not to say you shouldn’t choose real estate as a career… but understand that you must be very accessible and willing to be "on call" for the first year to three years…and they will be tight money-wise… after that you will hopefully have put out a good name for yourself and your clients will happily help grow your business by referring their friends and family. I personally just couldn’t separate myself from the work and it burned me out. In order to make it through the first "rough" years you have to be willing to work weekends, holidays, and whenever someone calls. I decided I’d rather work a set 40-50 hour work week…but if this is something you have the time and money to go for it will be very rewarding once you’ve established a good client-base.
I hope this can be of some help to you…let me know if you have any other questions and good luck if you choose to go for it!
Interview in ITC (Access)
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Real Estate For Sale 12220 Mockingbird Ave Apple Valley Ca $509,000 Hackzell Jaime
Century 21 Top Agent Retreat Hollywood, Florida August 2009
VENTE APPARTEMENT GRAU DU ROI – P3 en duplex au 1er et dernier étage, en excellent état dans petite copropriété proche du centre ville vendu meublé avec un cellier et 2 emplacements pour voitures CENTURY 21 ROUVIERE IMMOBILIER LE GRAU DU ROI
http://www.tourfactory.com/s300135/r_www.youtube.com 
The homeowner describes and shows her home with views of the Adirondacks then has a few requests for her husband.