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FAQ

What would be some obstacle in real estate?, what would be the way to success with Real Estate?

90% of all millionaires is due to real estate. But don't let that fool you, there's a lot of failures. That's why the majority of the population doesn't have a million in networth. Aside from the normal rank and file careers of brokers and agents, many real estate millionaires are investors. They bought and sold and invested in market segments like rehabs, tax liens, etc. Whichever path you choose, try to understand your options first. Then decide how much work you're willing to do (or be able to afford). Personally I chose the path of tax liens because they are easy, I can do them onilne, and still get returns. See source below.

I'm curious as to what education or courses are needed to obtain your real estate license in California. I am only 18 years old and am attending community college at the moment. However, I don't want real estate to be my main focus career wise. Hoping the license can be a secondary thing on the side.Any information would be helpful. Hopefully what courses or classes!

You have to take certain basic Real Estate courses which are offered in some community colleges or you can take quickie prep courses at Anthony Schools which gets you to pass the state exam without in-depth understanding. Then you get a conditional sales license and have 4 years to complete two more classes and then you get a RE sales license. You put your license with a real estate broker. You then have to find leads and make contacts to get listings. The core course is Real Estate Principles.

Do you need title insurance to sell real estate?

Ginger is correct. === To simplify - the buyer buys title insurance. The title insurance company does a search on the property-title and makes sure that there are no hidden leans or anything the new buyers don't end up buying. Recently (here in NYC) there were few cases where scammers selling property that they did not own. If the buyer did NOT buy title insurance it is possible that they had to give the property back (to the real owner) and lose their money. The good point about having title insurance is that if there ever anything like this comes up, it is the insurance company that provides the lawyer to fight it - because it would be their own money they would be losing.

im a 20 year old male that wants to invest in real estate and stocks. i kno more about real estate than stock which i kno absoultely nothing about. i need a book that gets right to the point i dont have time to waste i need one solid book for real estate and one solid book for stocks.. answers are needed thanks

1. for real estate knowledge REED Macdonald`s annual report company broughtup history book. 2. for stock market investments read any stock exchange publications only invest in that exchange sensex berameter shares only. Thanks. for stock market, a informative book is Merrillinch American company, a hand book with its history.

How do I become a commercial real estate broker?What is the salary range?Info: I'm 21 yrs old I live in CA.

You will have to take several courses and get your real estate salesperson's license and work for a broker, you can find more info at the California Department of Real Estate website. There is no salary generally, real estate agents in CA work for straight commission which is good in a way because there's no ceiling in your income, but bad because there's also no floor.

To become a real estate agent how much does having a degree help?

You do not need a degree of any kind to become a real estate agent. I am not against any type degree you would want to get. For a real estate broker some states such as California will allow you to take the real estate broker test as oppose to taking the salesman (Real estate agent) test. If you plan to make selling real estate for a living you would have to have continuing education each year or two in order to maintain your license and keep it current. I would lean more toward getting a degree or at least getting a secondary degree in Sales and Marketing. This type of degree would benefit you as most real estate agents fail because they have little or no experience at marketing themselves To get a license in most states you simply need to complete a real estate school so as to be able to pass the required test administered by the state in which you reside. You should google real estate license (Your state) this will bring up several sites that will tell you the state requirements to obtain a real estate license in your state. Once you know the requirements to obtain a license from your state you may at that time make a decision as to what you want to do about getting your degree and what degree you would want. I hope this has been of some benefit to you,good luck. FIGHT ON

The market seems to be cooling down. I read an article in the economist about a year ago that predicted something like this would happen. Do you think that Real Estate is just cooling down or could it be much worse? Give your opinion and some insights.

It is going to come apart and will help cause a depression over next bunch of years. at some point soon, everyone that wants a house will have one. then what? Supply overhang will dictate price and trying to sell then will take a long time and lots of price dropping.

Does anyone know a trustworthy real estate firm to use to purchase property in Costa Rica

There is an American, Paul Collar, who has been down there for 20 years and was very helpful with us on the Osa Peninsula.