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FAQ

Real estate agentsReal estate

Most real estate agents make none, although a few make a lot. The average number of lisitngs (not sales) in california for each real estate agent is about 1 - which should tell you something.

i have to choose a college by may 1st and ive narrowed it down to early childhood education and real property administration.with ECE i could become a nanny or an au pair(basically an underpaid nanny in another country; which in my opinion is good, you get paid to live in another country)or with APR i could do 2 years of schooling then go for my real estate test.i need opinions. I want a career that is future family friendly, something that can benefit me in the future s and cons for each career would be greatly appreciated.

I think real estate property administration is kind of a joke certificate/degree. I worked in property management, made about $33k with benefits, and had no background in it. I had some office experience. You certainly don't need 2 years of schooling to go for a real estate test! Requirements vary by state, but in Mass we had only to take a short course (usually offered in the continuing education branch of a community college) for like $250, to be eligible to take the real estate agent test. Real estate agents, at the entry level, are basically glorified door-openers. You drive around and unlock houses for people, and they look around. The broker does all the heavy lifting as far as legal stuff is concerned. Being a real estate agent is a tough business, most people don't make it a year, because you spend so much time and money in hopes of getting a paycheck, which is actually pretty paltry once a sale is made. To work in a property management office, they don't usually expect you to know everything, just be able to work a computer, fax, etc. Working in a property management office usually entails dealing with a lot of crazy, unreasonable, angry tenants. If it's something you want to explore, taking the basic course and real estate license would allow you to work as an agent, and it would also look good on a resume when applying to property management companies. This all sounds kind of dismal, but knowledge about real estate does really come in handy, and of course there are many avenues to pursue besides agent or office... like owning your own rental properties (which is tough but potentially lucrative, if you have gained the knowledge.) Can't really help you with the childhood education thing, cause I can't stand kids.

I’m planning on getting my real estate agents license in the next few months in California. I’ve heard that Century 21 and some other companies have their own courses. Is it better to attend their course or just a regular local real estate school. Also what companies are good for new agents.Any advice you can give is appreciated! Thanks!

If you can get Century 21 to give you the necessary courses to pass the state exam without paying a school. They have to teach you the classes that the Real Estate Board requires. Are you sure the classes at Century 21 are not the two classes you need after you get a conditional sales license? I went through the whole process of taking the right classes at Anthony Schools live, then took the state exam and passed. But I went to a few real estate companies and could not get hired because at the time in 2001 I did not have a computer or a car and I did not know how to generate my own leads. I thought they would provide leads but they didnt. I went to Prudential, Pacific Union and Howard Allen. These are in the bay ara.

Hey,They just contacted me about a repo from 04 and said they would put my house on a lien. I can't give the 10k they are asking for, but I also have a real estate in another state. Can they go after that too? I have an attorney working on my case (Workers Comp) and she filed lawsuit almost a year ago and still, no advance. What does the Lien consist off, and what are my options in this lien?Also, should I use the real estate I have to get a loan from the bank?Many Thanks!

When a lender says it will put a lien on your real prperty, that usually means they are going to have to file a lawsuit and get a judgment. Once they get the judgment, it can be recorded in the county where you own real peoperty. Then it becomes a judgment lien on the property. Judgment liens can be collected by having someone (usually the sheriff, varies by local law) conduct a sale of the property. The bad news for a lender is that such a sale can get them title the property (and you off the title), but that title will be subject to the claims of other creditors (like your mortgage lender) who had recorded liens on the real estate prior to the recording of the judgment. The earlier liens have priority over the later liens and usually can't lose their priority by the later lienholder's sale. This is a lien priority matter. That means the lender would have to pay the other liens in order to keep THEM from foreclosing and leaving him with, possibly, nothing. That is not a good deal, so often the new lienholder just waits until you try to sell or refinance the property, at which time you have to pay them off in order to do either of those things. Oh yes, a successful new lien can trigger a default on some loans, so one foreclosure filing can cascade things. As for a property in another state, they would probably have to (1) find out about the property (a thing called a debtor's examination will reveal that), (2) find a way to get the judgment recognized in the other state (every state has procedures for this) and (3) record the other state's judgment. Then there is the whole lien priority thing again.

Im 17 , I got my Ged not to long ago. I really think becoming a real estate agent would be a great job for me. I have a few questions about this career though. How much do you make as a realestate agent. I just want an idea of how much a do beginners get paid and how much do you get paid. Do you like you job? Whats an average day like for you? What tasks do you usually need to do throughout the week. Is it a stressful job? And if i work for someone, how much would my commission be on a house? How bad is the market for selling houses now and do you think it will be a lot better. Im really considering on selling houses for a living though is this a good choice?

You don't get a salary. No realtor is paid a salary for selling property. You get a percentage of the fee your broker makes from your sales. The average earning is $45,000. That average is spread all across the country. For instance realtors in CA earn more because the property is expensive. They would make a lot less in a place like Alabama where property is much cheaper.

i,m 13 and i know it's a long time till it's happening but i live in norway and i have set my mind to be a real estate agent... in us. Is it difficult to become a real estate agent? i'm planning to educate there. what do i have to be good at, at school?

Becoming a real estate agent in the US is not terribly difficult. You must take a test to get your license and you can study for the exam on your own and take the test when you are ready. A license is good for one state only, if you want to practice real estate in another state, you will have to take that state's exam. The most important part of any real estate agent's job is marketing. Learn marketing, sales, and personal relationships. That is how you will make the most money as a real estate agent. Read the book How to Win Friends and Influence People. Then take classes in marketing and sales. You will be ahead of the game if you do those things.

hi frnds.im 25 yrs. Engg. Graduate.i want to know everything about investning in real estate from top to bottom,so plz tell me from where can I get that all this knowledge?and I want a mentor for this…any places??

Don't know about a mentor. I wanted one at one point to, but the mentor became reading lots of books on the subject. Now that I;ve been in real estate awhile I have no interest in mentoring someone else (lol, maybe I'll go write a book on it someday). I'd suggest just reading lots on it and calling that your education. Also, go get a real estate agents license. You only need to take a course and pass a test and you learn alot in the process. Also, being an agent you can save on commissions when you buy/ sell places for yourself, and you don't have to ever sell a place to anyone else (make sure you sign up with a broker when you split the commissions, and tell them what you are doing beforehand). So, the bookstore is the best place to go to learn (they'll have a whole section on real estate investing) and the books are your mentor (unless you happen upon another). Best luck.

I am thinking about starting a career in real estate. I just left my job due to too much time being spent away from home (4 days at a time). I don't need medical benefits and I really don't have many bills (probably around $1200 or so). So I guess my question is, is this something I can realistically do full time right out of the gate. I would be working with Prudential Realty.

you are one of the best agent, if you start a career in real estate and the place,location are also important