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FAQ

I am thinking of going to school and getting my bachelors for Real Estate, but I am not sure if they make enough? Anyone know?

Real estate fees vary when you sell a home.. most realtor take a percentage of anywhere from 4-6% and then when the home sells.. the realtors (both buyer and seller) split the proceed per whatever the buyers proceed request is. For example: You sell a home for $400,000: The real estate commission is 4%.. then the total commission is $16,000 buyers realtor would get: $8,000 sellers realtor would get: $8,000 A realtor can make really good money, depending on how savvy and experienced they become. It also depends on the market.. and with a market like we are having now, I have seen a lot of them forced to make ends meet in other ways. Hope this helps. Good Luck!

I don't plan on doing anything in this market right now but I was wondering what would you personally do to get into rehabbing houses?I'm thinking taking real estate courses and learning as much about construction I can.

Read lots of books and ask questions of friends about how they repaired things in their house.

I am looking to make a change in my career. How do I go about getting my real estate license? I have no prior experience in this field.

Each state makes their possess legislation for licensing any legit, adding truly property retailers. Most require a experiment, and few if any waive the experiment for out of state licenseholders. I'm no longer definite if any require a direction in any respect, even for first timers. I can let you know that the guides are designed to let you know the matters you ought to recognise to go which might be issues of regulation, no longer always typical experience, that allows you to generally tend to differ from state to state. For instance: Does the state require you to pay a purchaser curiosity at the deposit/earnest cash? Is it permissible to symbolize each the Buyer and the Seller? If so, what need to you do to turn out expert consent of each? What is the minimal period of time you need to placed into the agreement for the purchaser to receive a certified house inspector? Must you set any in any respect? Are hubbard clauses authorized? Is the agreement legally binding with out earnest cash? Take the direction.

I am thinking of real estate as a career and i just wanted to know how hard it is and how many hours do you normally work a week i know its not easy because no job is easy, but i just want a job thats not To stressful and were i can have at least a good amount of time off of work. I think i have the potential of being in the real estate business because i am hard driven and i can work hard when i need to i just wanted to see how much time i will have to myself and all that. Thank You!! :)

By your statement about time off this is not the career for you. Weekends are not a time off this is the very time that real estate agents are working the most. You will never have any time off as long as you are working with people and being successful. If you are lucky then you might get a Thanksgiving and Christmas, but that depends on if you have clients that don't celebrate those holidays. Stress- Forget it this is stressful in that if you have walked a client through to the closing phase of a real estate transaction and for some reason they default and don't go through with the transaction. Some (A few) have legitimate reasons where as others (A lot)don't because the wife looked at the kitchen once again and now it no longer please her. Stress- When after you have found a house for someone, now it is time for them to sign the sales contract now will not return your phone calls. Stress- When you ask if there are other things you should know about the person purchasing a home. They tell you no only to find out that they have several alias as well as owe back taxes. Then these same individuals will take you to court to get back their deposit, which you get none whatsoever. Being a real estate agent is a people to people career. If you are not good with people, have problems relating to people with insecurities about purchasing probably the biggest investment of their live time, then perhaps you should look into another career field. These are just a few of the things that go on in the day of a real estate agent. I have yet to mention the professional people that you would be depending on to assist you in your daily work to make sure everything goes well. I hope that this has been of some benefit to you, good luck. FIGHT ON

Need some opinions on the Real Estate Industry1) Industry Cycle - What stage do you think the real estate industry is at and why?2) What factors will determine your industry's performance and growth prospects in the next few years?3) What is your forecast for your industry's performance and growth prospects for the next few years and why?

Market trends and country economy growth these two factors mainly decide that the wheather real estate sector is booming or declining or remaining the same

I'm really interested in getting a real estate license, and I'm interested in knowing all the options I have with it. Thanks in advance!

Jennifer, If you're interested in getting your real estate license, congratulations! Next comes the hard part. Starting and succeeding in real estate is difficult. You will have a LOT of expenses. You have to pay E&O insurance, mls fees, advertising costs, cost of maintaining a car, gas, sometimes there are franchise fees or desk fees, you'll have phone costs, website costs, etc. All of this can be by-passed if you start out as an assistant. You can start as an unlicensed assistant and see if it's a business you really want to get into. Sometimes, if you're working with a top-producing realtor or the broker of the firm, they will PAY for you to get your license and that's something I would ask about when I interview. You can find jobs as an assistant by looking on craigslist, calling the real estate magazines and seeing if they've heard of anyone looking for an assistant, or calling the real estate companys directly. If you're a licensed assistant - top producers expect you to have experience if you're going to be representing their team, because you can get them in a lot of trouble if you don't know what you're doing. My advise is start as an unlicensed assistant with a broker who will pay for you to go to school. Then work as a licensed assistant making a cut from the top-producer (and they pay for all the advertising and training you will need). Then, about year 3, you can break out on your own.

Ok, I'm thinking about changing my whole outlook on a career, mostly because i HATE my job and it's going no where fast. I want to get into real estate because after applying for job after job that I know I'll hate, I've decided that would be interesting. Here's the thing, I don't know how to start. Should I get the license first? Would companies hire you and train you while you go to classes? How does it work traditionally? I've been on the big companies websites and requested information, but haven't received anything yet. Just need a little inspiration from someone who's been there. THANKS!!

Just search this question here. There must be a million answers.

Do they have any specific educational requirements? I know in the US you usually need to take a written exam and college courses, but I believe in some EU countries(UK, Spain) you don't need any requirements(besides good communication skills). And is there a website for real estate agent requirements? I looked but couldn't find anything.

When we looked at houses, it was the banker that showed the property. Or, if it wasn't the banker it was the property manager -- you, know, like an apartment manager, they would manage, repair and mantain assets. Or, the owner. There is no title search. Homes could have grandfather clauses like a water well, or access to a detached garage or a garden plot. Worse, in the past, the utility companies might have had permission to erect a power station, dig for a sewer/minerals or other things of that nature on part of the proposed property. In a word, a completely different experience. No realtor in sight. The property transfers with a fresh contract from a lawyer.