Q:im now interested in real estate.how does it work?how can i make money on it?can you explain it in layman's term as much as possible, coz im not yet very familiar in some real estate terms. lolthanx...

I recently got licensed. I am a part time Realtor with a decent paying day job. I have been licensed for about a month or two and have just got my first listing. I also have two appts tomorrow, with somebody I have met with before and wants to meet again with my broker and myself. The other is somebody whom I have had a few telephone and wants to meet with me. Being part time can be a draw back, I work for a good office and am pre-pared to pay other agents as referrals for any help needed to provide my clients with the service they deserve. I have no expectation of making much money for the next year or two. I am aggressive and have sales experience. My plan is just to market/advertise myself heavily for the next 2 years. I live in a small but quickly growing small community were word of mouth travels quickly but trust is hard to earn. I also have a couple rental properties and about 20 acres I can build on. I share the same philosophy as yyyyy above has. At this point I could probably make about 20%-30% on building. New homes still can move quickly out here but I am not prepared to take on that risk at this point. Again my area is rural and it doesn't take much to flood the market. Basically you have to be an enterpurneur, not need a pay cheek for a while, good credit, persistance, talent and guts.

Q:What courses should I take when I go to college if I want to be a real estate agent?

You don't need college courses to have a real estate agent's license, you just need to go to any one of the real estate schools available in the area first, or can take the prep courses online, and then pass the state real estate course. Don't know what state you are in but a lot of the major real estate agencies offer the course, like Weichert etc. It takes several weeks to complete the course.

Q:I am considering this propgram, I want an MBA in real estate and no one in my area offers the real estate concentration. Marylhurst offers MBA in real estate online. I would like to get input on school, degree, employer view, ect, anything helps thanks

Dear, okorder Good Luck

Q:Im majoring in real estate and finance at temple currently. However whats the difference from getting a degree in real estate and just taking the 3 week class and getting youre license? Can you get a higher level career with a degree instead of just being a real estate agent, cause im not taking that major to b a real estate agent, i figured it was something more rewarding

A real estate career is definitely worth pursuing if first and foremost, you are well aware of what is really going on in this field. You have to be well oriented about the ins and outs in this line of business. Some sort of preparation is inevitable to help you in circumnavigating your way towards success. You expectations must be real enough to give you the right motivation to get the job done.

Q:I am planning on going into the real estate field but have a few questions. I was interested in becoming either a Real Estate Broker Agent or Realtor. I wanted to know the job description for each individual career and also the salaries I knwot hey work off commission but do either have a base yearly salary on top of commission.Also I'm going to major in business in college will this help me in real estate? Also what does a real estate firm do?

A real estate broker can negotiate leases and sales with a client. A Realtor is a member of a trade organization.

Q:I recently got my real estate salesperson license and know this is the career I want to pursue. However, I am currently a full-time Master's student. Does anyone know if companies would allow me to work as a part-time real estate agent?For what it's worth, I'm done with classes by noon every day and have Fridays off completely, so this would allow a significant amount of time to show houses, etc. Thanks!

Yes but for what, you are going to work base in commission. The real estate market is ugly,bad,and very week. alot of people working in this area did not sell homes for months. do not waste your time ,and money. try to find job in city, state,and government jobs. it's secure, much better pay...and benefits.

Q:I signed the offer to purchase real estate on this past Saturday with the listing broker and my broker [represents me], but the seller did not sign it that day i.e., Saturday. On Sunday I had second thoughts so I told my broker don't want the house at 2 PM and she immediately told the listing broker the deal is off. The catch is on Sunday [time is unknown because no time stamp on fax] the seller signed the offer to purchase real estate. Is the offer to purchase real estate still valid and enforcable?The problem is the listing broker refuses to give me back the check, she deposited on this past Monday. I had my broker contact the listing broker, but that got no where. The listing broker supposely has hired a lawyer for consule. I don't want to go through an inspection to get out of it because it will cost a couple hundred dollars and would be a real hassle to face the listing broker not to mentioned the expiration date to do the inspection would be tomorrow i.e., 3/9.

You might be able to kill the deal with the home inspection. That will of course cost whatever the inspection costs. Have your agent request an extension on the home inspection period in order to figure out what you are doing. Insist that she does it tomorrow IN WRITING.

Q:I am a college student and am interested in learning about real estate, but I have no clue how to start. I bought a book, but I think it's the next step, I need something to fill the gap. - Can anyone direct me to a website with a beginners guide?- If someone could write maybe a paragraph or two as an introduction that would be great.- If I wanted to get started in real estate out of college, how would you recommend I start?

Dear student, it is a gr8 question. To start with investing in real estate is prescribed as best investment practise world-wide by all those gurus who talk about 'Abundance'. So u r already on the right track. As regards investing goes, you have to see how much is that u want to invest to being with and for what duration. Are you looking at short-term gains or long-terms horizons, r u interested in taking risks or be conservative in terms of returns. Once u have answered all these question as to where, how much, for how long, and what u want out of it, sourcing the same becomes easier. Books on this subject may be available but it is better to read newspapers, classified columns, do self research so that u start understanding this market slowly and steadily i.e. understanding the pulse of it just as stock broking. However, would always advise you to go for deals which have clear titles, paperwork since real estate investments are as good as the papers which hold them. All the very best to you!! Best regards, Deepa Mandal TimeSquare Realty -The gold standard 9833392792

Q:What do you need to have a profitable company dealing in Real Estates ?

If you are talking about running a real estate brokerage company- you need to get enough fees or commission splits to pay for the expenses you are agreeing to pay on behalf of the agents plus some profit. This means you will charge the agents some monthly fee or split of each commission or both or something else. You will provide some benefit to them. If you are talking about a company that owns real estate. You just buy smart so that your monthly payments are low enough so that all the rents added together are more than all the monthly payments plus taxes and fees and any other costs you have. You also need to figure out a large enough profit that you can cover the costs even with normal vacancy.

Q:i've heard plenty of times that real estate is where you want to be when making money.. i'm considering it but i'm not sure what exactly i need to be considering. i want to know how often do you make a sale? how much can a realtor make? i would like to know the opinion of any real estate agent about their line of work? also what kind of real estate is better to get into, for instance commercial real estate? please help with any advice that may help guide me in making my decision. thank you! and also please no sarcastic remarks just to try and get yourself points. thanks again.

Typicallly Real Estate is an easy way to make money.. when home values are increasing.. However, across the nation home values are going down or stagnating. and nobody is buying. I know many real estate agents and mortgage brokers going out of business or going broke because they are not making sales (they only make $$ when they make sales) So unless you have lots of $$ to buy properties at a low value and hold them through the upcoming recession until home prices recover.. This is not a good time to go into the real estate business. its very risky..