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FAQ

how to be a real estate agent

You have to contact the Real Estate Agency for your state. They will give you a list of approved online courses. You will them have to pass the state test. After that you can open your own office or find someone to hire you.

I just graduated college with a bachelor's in marketing and I decided that want to get into real estate as a career. I know I have to get licensed, take pre-licensing courses. However, do I get licensed before I apply to different agencies? Or should I do this while I'm taking the classes, or do these places like to wait until your licensed before they hear from you? Also, does it matter where you go to take these classes? Like, in college, the more prestigious the college the better? Or as long as you get your license, thats all that matters? I know these questions sound completely amateur and I have been doing research over the past few days but, I can't seem to get a straight answer. Thank you!

Here's how you do it: Contact the two or three largest real estate firms in your area. Ask them about their pre-licensing exams. Most will offer them. Try to choose a company you might like to work with. But that's not a requirement. Take the pre-licensing classes in as short a time period as possible. A typical schedule might be two evenings a week and all day Saturday for 3 weeks. Something like that is good. Don't stretch it out over months. Reason: The only reason you're taking the classes is to pass the licensing exam. A lot of what you'll learn will have no real use...but you need to know it. So you cram it into your head. Don't do an online-only program. You'll need to ask questions and get understandable answers. Don't do it at a community college. Those programs take way too long--like 2 hours an evening once a week for 20 weeks. You'll forget most of it before you take your state exam. But it doesn't matter where else. No, it's not like choosing a prestigious college. The only thing--THE ONLY THING--that matters is getting the knowledge necessary to pass the state licensing exam. Once you pass the pre-licensing program, you then take the state licensing test. Once you pass it, you can work with (not for--you'll be an independent contractor) any brokerage you want. It makes sense to seriously consider the one that you took the pre-licensing courses with--but that's not required. As a newbie, look for one that offers continuing education and additional support. You'll get a lower commission, but it's worth it. They won't be interested in you until you get that state-issued license. Your questions are good. However, I don't understand how you could have been doing research for days and not getting a straight answer. That concerns me. Hope that helps.

what are the factors that make for future hot real estate locations? I am particularly looking f areas that have the most growth potential in 5-10 years. Looking for opportunities in real estate or raw land..

The truth is, this answer is different for everyone. It all depends on what you are looking to do, your goals, your overall direction. I am an investment consultant for a national real estate investment firm. I'd be happy to help. When you need get your taxes done, you hire a professional to point you in the right direction. When you have legal issues, you hire a professional to point you in the right direction. Why would you try to take on the very difficult task of investing your money on yourself? Maybe I can offer some (FREE) help We work with first time and full time investors to safely and successfully build wealth and cash flow through real estate. We are a complete full service company, working with thousands of investors we specialize in buying, managing and maintaining real estate across the country. The services we offer include: Buying selling and locating great property in the greatest emerging markets in the US. National lending. Commercial and residential contracting and construction. Full service property management. Market data research and development. Portfolio building managing and strengthening. And educating our clients on the best and most secure investments. This is a (FREE) service, I am not selling anything - this is not spam. Send me an email, I can help. Please don't forget to pick me as your best answer ;- )

I was hoping some other ontario real estate agents would share how they got started, what they put in, and what they got out of their careers.

Not a real estate agent, nor do I know where you are in Ontario, but in Windsor, the housing market is in a pretty serious downfall. In my neighbourhood, there are a lot of houses for sale, but that's mainly because of the massive layoffs from GM/Ford/Chrysler--the highest employers by far. I actually bought a house a little less than a month ago for $220,000, when the original price was $280,000. The real estate agent said that the house was for sale for about 4 weeks, and she had been dropping the price by $10,000 every week--the people selling the house were also in a rush to move, so she accepted a low price. The economy will pickup again soon though, because it's not the first time that this has happened. I'd say in a couple of months, some positive signs will appear, and within 2-3 years, the economy will be more or less where it was a couple of years ago.

What all do you need to do to become a Real Estate appraiser in Pennsylvania? School, experience, licensing, etc?

Education and experience requirements To be eligible to become a state-certified residential real estate appraiser, you must meet all of the following education and experience requirements. There’s no specific order required to gain this education and experience. After you have completed these requirements, you’re eligible to take the state-certified residential appraiser exam. Experience Before you may take the exam, you must: Find a certified appraiser willing to supervise your work experience as a trainee. Work under the supervisory appraiser to get a minimum of 2 years’ real estate appraiser experience (24 months and 2,500 hours). Hours may be treated as cumulative in order to achieve the necessary hours of appraisal experience. Education To be eligible to take the exam, you must successfully complete: An associate degree or higher in any field or 21 semester hours (at least 3 semester hours each) in all of the following: English composition Principles of economics (micro or macro) Finance Algebra, geometry, or higher mathematics Statistics Introduction to computers: Word processing/spreadsheets Business or real estate law and A total of 200 classroom hours of approved real estate appraisal courses, including all of the following: Subject Hours required Basic appraisal principles 30 hours Basic appraisal procedures 30 hours Uniform Standards of Professional Appraisal Practice (USPAP) 15 hours Residential market analysis and highest and best use 15 hours Residential appraiser site valuation and cost approach 15 hours Residential sales comparison and income approaches 30 hours Residential appraiser report writing and case studies 15 hours Statistics, modeling and finance 15 hours Advanced residential applications and case studies 15 hours Electives 20 hours

I'm looking to start investing abroad in Real Estate. I would like to buy properties in other countries say for example Japan where the Dollar is worth a lot and either rent these properties out and collect a steady profit, or selling them. My question is how do I go about doing this, does anyone have any advice, book suggestions, anything really? I'd very much appreciate it thank you.

Usually, you'll need to have access to considerable capital to invest in commercial (anything that makes you money) property abroad. I'm talking several million dollars or more. You'll have to engage a real estate lawyer, a realtor, and a broker in these foreign lands. They aren't going to mess with any one with small potatoes, so you're going to have to bring all your chips to the table. Too risky for them to do otherwise. You also usually have to have a partner who is a national of that country, as foreigners typically cannot own property in most places outright (100% on their own). The question is, will you trust that person with your investment? There are many horror stories of how people lost their life savings doing this type of thing. Usually an individual will not be able to tolerate this level of risk. Stick with the typical domestic investments and keep more of your money - stocks, bonds, funds, etc.

Are Real Estate Agents paid A lot of money? what do Real Estate agents do other than show houses. Thanks for your help

Real estate can be a very rewarding career choice for just about anyone. Those entering the field have quite varied backgrounds and skill sets. You don't need to be a salesman. This is primarily a service business, and serving your clients well will contribute to your success. Any given day, you may bump into a real estate agent who's a recent high school graduate or a semi-retired business executive in her second career. Many have found it to be a natural transition from another sales career and more fulfilling to boot! After all, you're helping people in what is usually the largest financial transaction of their lives. That's not to mention the emotional impact of changing homes that may be in completely different areas of the country, or even the world. If you question a group of brand new agents, you'll find very diverse reasons for choosing a real estate career. Many love the helping people aspect, while others want to exercise their independent nature and be their own boss. As most real estate agents and brokers are independent contractors, they're able to set their own work schedules and build their businesses in the ways that they want. We'll talk about this and more in The Benefits of a Real Estate Career......Property Management Bendigo

I don't know a lot about it , but i loveee houses. I think it would be such a cool job, and i hear you can become quite wealthy from it too. Ive heard there has been deflation on houses, so does that affect the want for more real estate agents? what is average salary? are there any colleges known for giving a good education on real estate? thanks------- marshall

NO salary for agents; salary for staff; office managers, designers, architects, etc. colleges, no [yes, colleges offer the same thing but it takes WAY longer] lots of RE schools-for speed and good, fast answers. what do you LOVE about houses? Can guide you.