[Posted in other sections...] I want a career in Real Estate. What do I do?
So, 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!!
If you like working with all different kind of people, are patient, be willing to work long hours, on weekends and "after office" hours and if you are willing to concentrate on your Real Estate Carreer you might like this job. Yes, most of us are paid on commission only. That means how much money you make is more or less up to you. Some companies will support you with training, client leads and advertising, some others don’t support at all but are paying a higher commission split.
Yes you have to go to school and in most States you have to take a State Exam to obtain your Real Estate License, you also have to keep your license up to date with mandatory additonal education.
Before you will be able to open up your own Real Estate business in most States you have to be a Sales Person and work under a Broker for 2 years, then you can go back to school and take a State Exam for your Brokers License.
To see if you like Real Estate you might want to go to a local Real Estate Company, talk to the office manager or Broker, talk to some of their Sales Associates, they will be able to show and tell you how Real Estate is working in your Area. You could also go to your local Board of Realtors and ask them for an Event Schedule, where Public is invited to as well. There you can meet other realtors you can talk to as well.
I hope that helped you a little – good luck
February 25th, 2010 at 11:58 am
If you like working with all different kind of people, are patient, be willing to work long hours, on weekends and "after office" hours and if you are willing to concentrate on your Real Estate Carreer you might like this job. Yes, most of us are paid on commission only. That means how much money you make is more or less up to you. Some companies will support you with training, client leads and advertising, some others don’t support at all but are paying a higher commission split.
Yes you have to go to school and in most States you have to take a State Exam to obtain your Real Estate License, you also have to keep your license up to date with mandatory additonal education.
Before you will be able to open up your own Real Estate business in most States you have to be a Sales Person and work under a Broker for 2 years, then you can go back to school and take a State Exam for your Brokers License.
To see if you like Real Estate you might want to go to a local Real Estate Company, talk to the office manager or Broker, talk to some of their Sales Associates, they will be able to show and tell you how Real Estate is working in your Area. You could also go to your local Board of Realtors and ask them for an Event Schedule, where Public is invited to as well. There you can meet other realtors you can talk to as well.
I hope that helped you a little – good luck
References :
February 25th, 2010 at 12:35 pm
Real Estate is a SALES job. If you want to have a job in sales then this might be a job for you. If you want a job in real estate sales and want to be successful it really depends on each individual office
Each office is run differently even offices that have the same corporate name ie Century21. Talk to the agents in each office and find out how much sales training they have received from their office. This is crucial.
In regards to the training call any Real Estate Company in your state and they will be able to tell you what you need. Each state is different. This is a good time to ask about formal sales training. If the broker seems to stumble around this topic, don’t waste your time.
Typically you are paid 100% commission, but you may be able to get on a team that will pay you a base salary for doing more grunt work. Your pay range -$20,000 (yes a negative)
to $120,000+
Flipping houses is different than being a Real Estate Agent. Flipping is finding undervalued homes and doing minor upgrades and selling them for a profit. You need to either have lots of money(holding costs and unexpected repairs) or lots of knowledge of the market and many times both to make money flipping houses.
References :
Real Estate Broker