The field of profession I have chosen to major in, is Real Estate, to become a real estate broker. Because of my extensive skills in communication, self-motivation, and networking, the field of business would be aptly suitable for me, especially in the field of real estate management and brokerage. However, in order to meet the requirements of the field, both those pertaining to the current residential and commercial real estate market and anticipating the future brokerage field, I would need to not only adapt to the variable demands of the field, but also stay current with new developments in technology and the economy.
As a real estate agent, every state requires agents to have a license. To obtain a license you must complete 75 hours of
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Along with the demands of the field, to become successful in the business of real estate, it is essential that I have certain skills. Skills I would need as a real estate agent are communication/interpersonal skills, networking, and self-motivation. In the real estate business, you have to be able to sell yourself, in order to sell property. Agents have to make clients believe in them, believe that everything they’re saying is true, smart, and that the client is making the best decision by choosing you as a realtor. As a real estate agent, according to state law, you must work with a broker, so this is where being communication comes in handy. Another skill that is a major plus to have, is networking. As everyone says, “it’s not what you know, it’s who you know.” So it’s smart that you network in this business, because the more people you know, the more potential clients there could be, and the more sales could be made. Generally, communication, interpersonal, and networking skills will take you a long way, as well as self-motivation. It is known that in the real estate industry there could be more down days than ups, due to dramatic, unexpected fluctuations in the economy, it makes sales more difficult for agents, so if you have self-motivation, it could bring something positive to the business, and gives you drive to work hard. For example, around the years of 2008-2010 there was a great recession. In that recession, no one could predict when
A new real estate agent has a plethora of knowledge at their disposal if they will remain coachable by their more experienced colleagues. In the article “6 Things Every New Real Estate Agent Should Do,” by Candy Miles Crocker, she states the importance of always being coachable and eager to learn more about the trade no matter how old or experienced one may be. She emphasizes the value of seeking the advice and opinion of the broker that the agent works for. There is a difference between listening to people talk and actually hearing them and applying what they have to say. Because the market is so inconsistent, remaining teachable is critical for new agents
Steps to becoming a real estate appraiser. Your first step to becoming an appraiser is to complete the education requirements. You need to complete and pass 75 hours of basic appraisal education, which includes three courses; Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), and 15 hour Universal Standards of Professional Appraisal Practice. Experience is also needed. Each Trainee Appraiser must be supervised to get the required hours of experience before applying for the Licensed Residential Appraiser level. Your supervisor must keep a log of your completed work, which will be reviewed by the state regulatory body for verification. There is no exam and a licenses is not need for the application process.
Clients tend to make decisions upon the data provided through technology as opposed to experience and intuition. This aspect of real estate business is challenging for everyone involved
In this crazy world, it is important to find those who you can depend on- in life, in love, and especially in real estate. Finding the right group of people to network with and collaborate with is key to finding success in this field. In analyst Jonathan Littman’s article, “Real Estate Reinvented,” Littman documents information that he researched on Northern California’s Alain Pinel Realtors. An Alain Pinel Partner and the company’s President, Helen Pastorino, states that “ [she] believe[s] that the ‘every agent for himself’ hurts sales and [she has] quickly turned to using computers and networking to [her] advantage” (Littman). A successful real estate agent will not be afraid to collaborate and work with others, because he/she knows that
3. Taxes and business services. This effects not only real estate agents but all business owners. The success in businesses often lies here, and the easiest way to make more money is pay less taxes. So often agents are not subject to consistent and up to date info on tax and business issues. Such as the difference between an LLC and S corp and when they should consider switching.
Therefore, you really have to hire an experienced real estate agent who has closed on at least 20-30 properties a year. You can get a real estate agent's license in 4 days. Having the license doesn't mean he or she is an expert in selling a house. The truth is only 5-10 percent of the agents know what they really doing. You should be careful in choosing who to
The perspective of real estate agents differs between those who work in the industry and those who don’t. People outside of the real estate profession perceive the job as glamourous. A common perception is real estate professionals are overpaid for what they do.
In order to do this job I have to get a state licensing is required in all states and the District of Columbia. A college degree isn’t required to become a real estate agent. Most states only require a high school diploma or an equivalency certificate. You have to take a 2 week class to be able to take the state test because you have to learn about the material on the state test. “Some formal on-the-job or classroom training is necessary to become a real estate agent. Upon satisfactory completion of the training program, candidates can apply to their state's licensing board for a
Now that you know you want to sell real estate, you have to get licensed before you can go any further. So, how do you obtain your real estate license?
Dean Graziosi, a successful real estate business man; a philanthropist; and a multi-millionaire is not the host of a common TV infomercial who promises to guide you effectively in the path of real estate business and accomplish success in a short period of time. He is America’s No.1 real estate educator experienced in the field for over 20 years and the author of five exceptional NY Times best seller books on real estate. The man having originated and developed his career from scratch can empathetically comprehend the complications of real estate business of an aspirer in the field. His career though successful after having successful real estate investments in 2002, did not stop him
A real estate agent must possess a gregarious personality to attract clients to buy properties.
The duties and responsibilities of a real estate agents consist of helping people buy, sell, and rent properties. They show property to potential homeowner and network to locate future buyers and sellers. “They bring together buyers and owners and negotiate the terms of real estate contracts such as deeds, leases, and mortgages with buyers, sellers, and renters of properties” (EUREKA). They also make appraisals, which is when a real estate agent assesses the true value of a property. To become a real estate agent, one must be licensed by the department of real estate which requires three semester units of college-level course in real estate principles, plus one additional specified real estate course prior to taking the examination (EUREKA). Some real estate positions require training in vocational schools, related on-the-job experience, or an associate's degree. Related majors for this occupation consist of economics, business management, general business courses, as well as marketing and sales. California’s salary varies and depends on location, sales expertise, if workers work full-time, and the size of commision they get. Commissions of the total sales price are the usual source of income for real estate agents, which means their monthly income depends on how well they perform. Unfortunately, earnings for a real estate agent can be irregular at first. California's salary starts low around $2,849 per month, then the average $5,079 per month, and rises to as high pay at $6,117 and up per month (EUREKA). National pay consists of entry or low pay at $1,795 per month, average $4,627 per month, and highest at $8,771 and up per month (EUREKA). Personal characteristics For a real estate agent are being personable, ability to influence, being patient,and learning to adapt to one's surroundings. Skills consist of active listening which means “[g]iving full attention to what other
The key to being a successful property investor is to put a lot of dedication into your work. Ask yourself this question - "Do I really want to do this?" Having the right state of mind will let you easily overcome obstacles and allow you to persevere no matter what the situation is. While property investing is a lucrative
My current work duty as a broker is a very complicated and challenging one. As a broker for a prestigious property firm, I am expected to demonstrate a mastery of complex financial knowledge, combined with strong customer relations and client management skills, a comprehensive understanding of the real estate market and also a progressive history of sales and revenue growth. One specific professional accomplishment that has given me the most satisfaction is my commitment to quality and being a dedicated employee. Unlike most brokers who lead a mediocre lifestyle, I have been able to keep abreast of modern trends and developments by studying relevant publications and
Homeowners who were hit badly by the economy several of years ago were forced out of their homes. I know, because I was one of them. Ours is a rather long story, but to keep it short, my husband and I were both real estate agents. When the economy hit rock-bottom, we had some land that we could sell until we both acquired better paying jobs, however, three days before we were suppose to close on the land, we found out that the title company five years previously had messed up on the title and we could not sell it now. After fighting using lawyers, and money we didn’t have, to help us with the title company and bank that messed up on the recording, we finally gave up and walked away from our land and then our house, since we didn’t have