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How does someone go about getting into real estate? And what is the annual income?

#scholarships #real-estate I'm just hoping to get into real estate and help sell someone their dream home one day and feel good about it.

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Doc’s Answer

Damaury realtors must be licensed through their state (requirements vary from state to state), Although licensing requirements differ by state, the U.S. Bureau of Labor Statistics (BLS) noted that applicants should be at least 18 years old and have a high school diploma or GED, complete approved coursework, and pass an examination. Real estate agents can choose to earn undergraduate degrees that include real estate law, property management, real estate investments, real estate appraisal, and property development. Several institutions also provide real estate certificate programs, some of which are related specifically to the real estate agent career field. Certificate, associate's, and bachelor's degree programs are available in real estate and can help an aspiring real estate agent stand out to potential employers. These education programs prepare students for licensure by teaching aspiring agents how to successfully complete real estate transactions, promote properties, and identify construction techniques and materials.

Due to the legal complexity of real estate transactions, agents are required to undergo formal training and gain state licensure in order to work professionally. Pre-licensure courses for aspiring real estate agents must be state-approved and may be substituted by college coursework in real estate. 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. Applying for licensure takes place after successfully passing the state real estate examination and locating a sponsor. Generally, an individual will have to provide exam results, proof of pre-licensing coursework, an application for salesperson license, appropriate fees, and a background check report. The state's real estate board can provide the contact information to send the application materials.

Real estate agents use their knowledge of local areas and real estate laws to sell homes or properties that best fit the needs and budgets of their clients. Working under a real estate broker, real estate agents earn a portion of the sales commission from selling a property. Competition is common among local real estate agents. Essential soft skills of a real estate agent would be communication skills, understanding social cues, having negotiation abilities, and having patience. Soft skills might allow the agent to understand nonverbal communication and work with clients who may not know which house or land they desire. Overall, the real estate agent will need to have full knowledge of different tastes and communicate their understanding to envision a successful career-related outcome.

Hope this is helpful Damaury
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Carlo L.’s Answer

It really depends on the segment that you choose to go into. I would find the area you love and the income will follow.
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Judith’s Answer

Since inventory is so low nationwide right now, perhaps you could conduct an information interview with a certified real estate agent about the prospects. For now, a good area is property management. This may have apprentice programs available in your area and you could get your foot in the door. Real estate inventory has been significantly influenced by COVID. People are moving out of cities into single family homes with yards. This is influencing a housing shortage, price wars and a quick and hot market. I wish you all the best.
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