How do you get into the real estate industry?
Posted on July 5th, 2010 in Financial Services | 5 Comments »
Smart Girl asked:
Im a college student, and i heard that real estate is a good job for someone who hasnt graduated yet. Am i right? and how do i get started?
Illinois Real Estate
Im a college student, and i heard that real estate is a good job for someone who hasnt graduated yet. Am i right? and how do i get started?
Illinois Real Estate
5 Responses
Redding Ca Real Estate
Right now it is a lousy job as sales are down and the market is overcrowded with agents. They were advertising real estate schools like crazy during the boom, but now sales are way down. The internet will eventually make agents obselete as the whole concept is a joke.
I would avoid it if possible
BP
Tempe Arizona Homes
start on some general real estate classes and then go study and take the test to get a real estate liscence in your area , then after you have a real estate liscence , then apply for jobs in that field , you will eventually gain experience , my cousin did it ten years ago in California , and shes a real well of lady now ……..it can be good but with market flucuations and such you may run into slow points , the morgatage industry is another good money place to be ……….good luck
Orlando Fl Real Estate
Do you mean buying and selling? Or being an agent? I doubt being an agent is a good choice for being a student. Plus, you need more school just to get licensed. If you’re looking to “buy and sell” to make some money, that’s not a bad idea for a college student, but you need some money up-front.
Peru Illinois Real Estate
It’s a hard start but some people (my friend Amanda made a million dollars this year!) hit the ground running, some don’t (I haven’t made a penny yet). You need to contact your state’s Department of Professional Licensing and study and pass the Real Estate Licensing Exam. The best study book and CD is called “Modern Real Estate Practice in _______” Insert your state, they make them for all states by Fillmore Galaty, et al. Read once and then continue to take the quizzes and use the CD Rom quizzes until you take and pass your exam. You must complete a certain number of hours, usually about 120 at an accredited Real Estate School. That takes anywhere from 3 weeks to 3 months, depending on the weekly/daily schedule. Licensing and test taking usually costs anywhere from a total of $300 – $4000 depending on your state again. In Illinois, it costed me a total of $349 including my license fee, my exam application fee and my education. In Ohio, it costed be a total of about $3300 for all of the above. Then you need to interview brokers (yes, you interview THEM, you will be an independent contractor, not an employee) and sign with a broker. THEN COME THE BIG BUCKS ~ marketing yourself costs money. So, there ya go. I love my career but you must stay encouraged. If you don’t have a whole lot of study time, you may want to wait for down time as the exam requires at least 2 or more hours study per day.
Best Wishes and I pray you much success!!
Carboxytherapy
i have my real estate license, you have to take a FREC course its a 63 hour course, then you have to take the state exam, then thats it, you just find a real estate place that you can hang your license at, and thats it.