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- Q: 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.
- Q: Is there anything that your real estate agent could have done better? What did they do or not do that stood out?
- Yes, a real estate agent can make good money, but not everyone is a good real estate agent. When working on a 100% commission you need to work on a budget and have at least $100,000 cash reserves to fund the business and live off of. This is because it will take you a while to build up your clientele. Ideally, you want to sell one house a week. But it will take time for you to get there and those bills will still have to be paid. Don't count on friends and family for help building your business. If you do get help from them you are lucky. Most will think you are crazy because you have the guts to work for yourself. I would suggest having a part time job as well.
- Q: How can I talk to a real estate firm/investor about investing on real estate in my State?
- As if you are looking for any Realtor or real estate agent for investing in this business, I must suggest that go for some experience and reputed person. No doubt real estate business is lucrative business and lots of investment need to have goos profits, so just be careful and also take personnel advice from a known too..
- Q: What is the real purpose of real estate agencies? In what way these agnecies work as a medium between a tenant the property owner? Why do people deal with agencies while they could just rent their own homes by themselves? Do these agencies take a percentage from the rental after getting control over the property?
- To sell homes and to find good tenants to rent homes out and yes the agency is paid a commission for the sale of the home and for getting a home rented too. The Real Estate Agent get a percentage of the commission.
- Q: 1.Do you need a college degree? And if so, what kind of degree would you need or is there a real estate school for this?2.How much do they make a year?3. Is it a good career to get into?
- You don't need a degree to become a real estate appraiser, but you will need to be licensed which will include an education requirement specific to real estate appraising (often offered by real estate schools). Where I come from Appraisers that work for someone else's company get paid about $100 to $150 per residential appraisal and appraisers are able to do up to 2 residential appraisals per day. But the question is would you be able to do 2 appraisals per day given the lower demand for appraisals due to market factors. I recommend you interview at a couple of appraisal companies to see if you can even see a likelihood that you will be able to get hired if you got licensed. I did this very thing early in my career and the owner of the company frankly told me that there was no way I could make the kind of money I wanted to make as an appraiser and talked me into becoming a Realtor instead. I took his advice, and he was dead right.
- Q: Im looking to be a real estate agent. I plan to begin school soon to get my license. I have done alot of reading on real estate agents and the very high failure rate amoung new comers. I have always worked with people in all my jobs and I have always been a giver. I know also the area I live in within the next couple of years will be a sellers market, and there is great chance to make some money. I do understand you dont just jump into this making money and it might be a very long time before I get a pay check. My main concern is getting my name out there i just moved here about a few months ago so I dont know very many people and being a 23 year old women Im nervous about anyone wanting to work with me since im not so expierenced. Then again my next thought is " Well isnt that how everyone beings? My father since I remember has been a real estate agent till latley and he still is in sales but does real estate on the side can you do it part-time? I read that it isnt possible.
- I am rarely asked how long I have been in the business. If asked I answer, but I just emphasize what I have to offer, and the issue goes away. Don't worry about that. Part time is tough. Most people don't want to work with part time agents. But some part timers are out there hustling to get established so they can quit the day job and do RE full time. It can be done, but it can be challenging. There is a huge failure rate in Realtors, some stats say over 80% quit within the first 2 years. Other stats say 10% of the Realtors are doing 90% of the businesss. Obviously, it isn't easy money. One of the most successful agents in my area is 28. He started young, didn't allow his age to deter him, and he now owns his own brokerage with a stable full of go getters. He is kicking butt and taking names.
- Q: 1. Is investing in real estate time consuming?2. What's the cheapest way to invest in real estate?3. Can you buy a house or property in any state? Is it a good idea to buy a hourse or property outside of your state?If you think there are any other details I should know, please let me know.Thanks!
- 1. Yes, very. 2. im not sure what you mean, if you want cheap land look at places like Kansas and Oklahoma (although they may not apreciate much). REITs are a good option if you want to spend no more than a couple K's and want to benifit from land appreciation. you could just buy at a low point in the market (which certainly isn't now) 3.yes, although if you are planning to rent it you should probably buy land that you have quick, easy access to. if you are looking at running a multi-property out of state operation you could hire a manager to look after your places, find tenants etc. You should know that the US is way overbuilt housing wise and you would do well to wait a good 8-36 mos before investing.
- Q: I'm looking into possibly getting my real estate license but I don't know where to begin. Google wasn't any help, either. I'm just wondering about fees, length of schooling, etc. If anyone has any insight (even people not from Penn.) I'd appreciate it!
- I took two classes at a community college which were RES101 and 102 Hope this helps
- Q: Stocks or Real Estate? Why?
- study your settlement, i'm guessing you had an determination era and that has expired. whilst this occurs the earnest money turns into no longer uncomplicated. even however, you ought to look and notice if the settlement relies upon on purchaser receiving financing or no longer. The standarized varieties utilized in Texas have a container it quite is checked one no count if it extremely is conditional and one no count if it is not. If it grow to be no longer, then sure, you may nicely be sued and doubtless have little or no protection for breach of settlement. And as before mentioned the agent would not get the money. it extremely is being held by an escrow agent and needs you to sign the launch, so the money might nicely be transferred to the broking. Are you working with the broking's agent, or do you have your guy or woman agent? i won't be in a position to have faith your agent would not have this based on purchaser financing. yet once you're making use of the broking's, I doubt it could be contingent upon financing.
- Q: history of real estate market
- the entire world is a macro real estate market. [Macro is an economics term] Anywhere people might want to live or run a business, you have a real estate need. IT is that simple A market is a need and a user of something.
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