Skip to main content
9 answers
11
Asked 1025 views

how to i get into Real estate

#real-estate

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

11

9 answers


1
Updated
Share a link to this answer
Share a link to this answer

Doc’s Answer

Takius although licensing requirements differ by state, the U.S. Bureau of Labor Statistics notes that applicants should be at least 18 years old and have a high school diploma, complete approved coursework, and pass an examination. A local board of realtors or state real estate commission can provide licensing requirements. After passing the exam, the next step is to locate a real estate sponsor, also known as sponsoring broker. Real estate agents work on behalf of sponsoring brokers while helping clients to buy, sell, and rent property. Brokers hold agents' active real estate licenses, split commissions with them, and offer mentoring and training to new and current agents. Real estate agents aren't allowed to perform any transactions until their license has been issued by the state and a sponsor has been chosen. Realtors typically have a specific amount of time to find a sponsoring broker after completing the exam. Real estate agents and brokers are required to renew their license once every one to two years, depending upon the state. Often, this requires some form of continuing education. Failure to do so will result in a lapse in continuing to work as a realtor.

Hope this is helpful Takius

Doc recommends the following next steps:

Takius the first step in this process is making sure that real estate is right for you. As a real estate salesperson, each day is spent working for you. This means handling your own office management, paperwork, prospecting leads, developing relationships, managing contacts, and dealing with buyers and sellers. Reach out to local real estate agents and brokers and ask them questions about what the day-to-day work is like. Ask questions about real estate as a long-term career. Starting a full-time career as a real estate agent can’t be treated like a hobby. It requires a full commitment. Make sure real estate is the right path for you.
1
1
Updated
Share a link to this answer
Share a link to this answer

Dan’s Answer

Hey Takius,

I think that the previous answers you got were great. After you find out the class requirements you can start the preparations.
Also you i would suggest looking around your area to see if you can get a part time job or perhaps an internship at a Real Estate office.
There is Residential Real Estate as well as Commercial Real Estate so there is some variations to how you want to direct your career in Real Estate.

Wish you the best of luck.

Dan

Dan recommends the following next steps:

Research requirements for Real Estate License
Look around your area for potential internship at Real Estate office.
1
0
Updated
Share a link to this answer
Share a link to this answer

Neala’s Answer

Get your real estate license!
0
0
Updated
Share a link to this answer
Share a link to this answer

Obeidat’s Answer

if you are over 18 years old you will apply for a 2 month Training and you will be able to get Certified, then you have to do some practice by understanding the Market
0
0
Updated
Share a link to this answer
Share a link to this answer

Brandon’s Answer

Hi Takius, another way to get into real estate is to become a real estate investor. That's a broad category and there are a lot of different ways to make money in real estate so you should look into the different investment strategies. You should think about your risk tolerance level and how you would like to approach real estate investing with that in mind. For example, you can buy a plot of land and develop a new property. This strategy has the potential for large returns but it also carries a decent amount of risk. Alternatively, you could buy an existing property and fix it up with the intention to resell it (this is referred to as "flipping"). This requires a good sense of the market and timing your purchase/sale decision well. Another strategy is to buy an existing property with the intention of owning it long term and renting it out and collecting the cash flow from your renters. This is a less risky, "get rich slow" approach to real estate investing. Whichever strategy you choose, it's important to build a strong support ecosystem around you of fellow investors, real estate brokers, lenders, contractors, and property managers. There are plenty of resources out there to learn more about real estate investing. I would recommend listening to the Bigger Pockets Podcast as a starting point. They interview successful real estate investors and it's a good way to dig in on these different investing strategies and learn from the successes and mistakes of others.
0
0
Updated
Share a link to this answer
Share a link to this answer

William K’s Answer

Hi Mauro,

You should first get your real estate license and also explore all the different lines of business within real estate. Commercial real estate is a very good option to explore with multiple areas you can explore. In commercial real estate you can become a property manager, asset manager, project manager or a broker. Keep your options open. Hope this helps.
0
0
Updated
Share a link to this answer
Share a link to this answer

Steve’s Answer

First talk to a Realtor in your state and ask as many questions as you can. Be sure this is what you would like to do as a side hustle or full-time role. To become a realtor in many states you will need to take required class work and PASS those courses. Plan on $1,200 to $1,700 to take these courses online and move through them at your pace. Once you pass the 6 or so required courses then you can apply to take the state test. Plan your day so that you have the whole day before to study and then take 2 practice exams. Be sure to pass those each time, and then you'll be ready to take the state real estate exam. Good luck! Once you pass this state exam you'll be in a position to advise the state on which Broker you will begin with whom shall "hold your license" while you are working with that Broker. Make sure the Broker is a good fit for your availability, desires, training and other requirements of being an Agent under that Broker.


Happy Listing and Selling. Remember, the 2 most important words in Real Estate will always be CLOSED & FUNDED.
0
0
Updated
Share a link to this answer
Share a link to this answer

Mauro’s Answer

You can get your Real Estate license even after High School I believe just as long as your 18. You have to take a program I believe.

I would begin researching a real estate license.
0
0
Updated
Share a link to this answer
Share a link to this answer

Carlo L.’s Answer

I say start by understanding the field and Industry. Read up watch videos participate in groups. Don't focus on what you see on TV.
0