Q:When you get your real estate license, do you have to pay a certain amount of money every year or every few years etc to keep you license up to date? If so how much? Do you also have to take any extra classes after your licensed to keep your license up to date? If so how many how often? I live in IL. Any info about being a realtor would be great.

Hi Tyler, Yes, you are going to desire a license. The state of California has handed a regulation that a truly property license is wanted if you're making plans to paintings below the supervision of a certified dealer. You can nonetheless get your license if you don't instantly plan to be hired via a dealer; nevertheless, you are going to no longer be equipped to participate in movements that require a license. You must take California truly property license examination.

Q:Which city, and state, has the best real estate market? I want to be a realtor next year. When I'm 18. But I want to do it right. I'm currently in college for a degree in business. Where is the best place to start at? I'm in Seattle, Washington. Is NY good? Texas? California? Washington DC? Please help. Also, what does it take to be a real estate agent? Can you just hop right into luxury real estate? Thank you.

Several major cities in Texas have good, stable real estate markets. You'll want to earn a Bachelor's in either Business or Finance to be successful in the real estate business. It's not a pre-requisite to obtain a license however it will be a good foundation. There are fast-track programs where you can earn your license in 3-6 months, or less. Once you have your license and work for a couple of years you are eligible to take the broker's exam, the educational pre-requisite is to hold a Bachelor's degree. As a broker you can hire agents to work under your broker's license and you'll collect a percentage of the commissions. No one hops right into the luxury market until they've closed many high-end property deals in the market area they are working in, and have developed a reputation that earns the respect of the clients they represent (or seek to represent). It's the way it is. Once you have your license, and want to really get your feet wet, borrow some cash and do a flip and list it yourself. Rinse and repeat. Obtain your broker's license and compete for HUD foreclosures to flip and build on your business. When the time is right look into commercial property development. Good luck.

Q:During the early part of this decade their was a real estate boom and now as a result, their are a record number of people losing their homes.Was it inevitable that it would end up this way, or is there a way that this could have been controlled so that their would not this massive fallout?

I remember the day Clinton pointed his finger and said I want every american to own a home After that, deregulation went rampid. Interest only loans sprang up, followed by ARMS, options, and variable rates. No controls whatsoever. People were left on their own to read the fine print or their mortgages - some could not read - obviously. It was in plain black and white that the interest rate could triple their payment - maybe they didn't want to read it. /

Q:I am interested in Real Estate. HOW do I get my degree? What books do I need? How do I get them? How much will it cost me? Can you please help me out? Thanks! :)

its only schooling for like about a week and u take a test and if u fail u take it over and over again

Q:Is there a website caculator, that shows how to live off Real Estate Investments. By borrowing the equity that has bult up in the property's. Continuing to rent them out, then Borrowing the equity that has built up again?Thanks

I know one of those calculators. He just moved out of his over leveraged primary residence into an apartment that he did not need to submit to a credit check. He once laughed at me for not accessing the equity in my home. I had to get a court order to retrieve the business machines that had been frozen in his asset collection. I don't believe that you are keeping up with the current dislocations in the market that you inquire about.

Q:Any ideas about how to succed in real estate and insurance business...Any proven prospecting tools, ideas, actions.... Please people help me understand the market and what it takes to start in this field and not get disappointed. I would appreciate ur suggestions, advices, ideas, books, magazines, proven advertisments, anything u guys have experienced that worked for you. And one more question what it takes to be a good salesperson?

I okorder if you would like to know more. All the best!

Q:i don't want to give up the job i have..i wanted to do real estate part time to have some extra money..is that a good idea?

Sure. A lot of people do just that, especially people in big social circles (union members, fire fighters, cops, etc). You should learn a bit about financing too. It's not much more of a stretch and could almost double the income from a home sale if you do the loan too.

Q:My mom is a real estate broker and makes damn good money with what she does. I asked her how it works, she tells me but I don't understand and then she points out that it's for very smart people and that I don't need it anyways. I love my mom, but grrr! You know. Anyways, I want to learn the steps of getting into Real estate, I do know a lot from what my mom tells me but I don't understand if you need a huge amount of money to start? Do you have to take classes? Is there an easier way to try it out? Is it ok to buy say a 2 story lake side house kind of place and what would I get out of it? What's the deal with selling property? All these kinds of questions...Main question is, What are the steps to getting into Real Estate and are there any short cut ways of getting into it?Thanks!

Look in your yellow pages for real estate schools or see if you have a technical college that offers a real estate classes. I know here in NC that the sales person course is different than the Broker course. You have to take the sales person course first and then the broker course. After you finish the sales person course you take the state test. If you pass that you get your license as an agent. The broker course had the test in the class. I did not have to take a state test for that. After you get your license you can sell..........Your mom should be able to help you with the rest. This is how it is in NC. I am not sure what it is for where you are at. So you may want to check. But calling a real estate school will be able to give yu the answers you need. Good luck.......

Q:Really broad question, I know, but what are the nuances, elements, and phases of real estate development? I'm writing a business paper for a competition, and I'm also thinking about being an RE developer when I'm older.Here's what I know about RE Development:1) Buy undeveloped land2) Hire contractors to build houses3) Sell houses for profitor1) Buy property (preferably distress property?)2) Fix/renovate3) Rent it out while waiting for market to get better4) Sell for profitThat's my layman's knowledge of RE Development. To be clear of my question, what are the details and fine points of real estate development? What do I need, besides money? What's the best way to get money to finance this?Thanks all

Real estate developers are entrepreneurs who obtain land, prepare it for development and manage the construction process. They may also spend time negotiating projects and participating in public hearings.

Q:Hi,I'm looking for Real Estate Broker website for my project in my study, can anyone lead me to a website that will helpful for me.I want to take some ideas from it, and take advantages and disadvantages.Thanks in Advance =D

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