Well it depends on what you are wanting. If you are wanting to be an agent. Check out with your state on what schools have classes for the Real Estate class. Like here in NC. He take a class for a couple of months, like 2 days a week for those months. Once we pass that we take our state exam. If we pass that, we can go to a firm and make our license active. He have to have our license for 2 years before we can go out on our own and open our own firm up. Home this helps.

Do you want to be a Realtor? Or an investor?

If your passion is to be in real estate – go for it – but have a plan.

Some States require a college degree, others do not. Check with your local State Board of Realtors for that specific detail, and more info on the continuing ed thing.

Then, before you launch your new career, be sure to save some $$$, because it will take some time to get started. 6-8 months income would be a safe bet, to keep the stress levels down while you are waiting for your first closing – and because you will be paying all kinds of business related costs up front, just to get started (MLS and local board fees, classes and test fees, licensing fees, errors & omissions insurance, marketing and advertising costs, computer, printer, general business supplies, etc.)

Plan to spend at least $3,000 gearing up – more if you join a broker who charges desk fees.

Make a business plan – if you’ve never done this before, go online for examples, contact a local SCORE volunteer, ask your banker, or your broker, once you get started. Plan your work, and work your plan!

Go to class online or in person and LEARN your STUFF. Don’t learn the minimum required to pass the tests. Your customers will be relying on you to be an expert, so soak it in. I would recommend attending classes in person so you get all your dumb questions answered immediately and to your satisfaction.

Interview several brokers until you find one you like, that offers excellent training and support, has a congenial atmosphere, and a record of success – plus a good reputation. Ask what they pay for and what you will have to pay for.

Then, get out there! Let everybody you know hear that you are in real estate now – shout it to the skies, email and snail mail everybody with your new business card, send out marketing materials and advertise yourself.

Find a mentor at your brokerage, and ask if you can accompany him/her on previews, showings, closings, even listing appointments, if possible. Offer to sit open houses for other agents until you have your own listings.

Work your business plan.

And, remember, the idea of earning 6% commission on every sale – that’s a fantasy.

Think of the 6% commission as a pie. Let’s say the sales price of the house was $200,000. 6% of that is $12,000, yes?

So, 1/2 of the pie goes to the listing BROKER (not the agent) and 1/2 goes to the selling BROKER. That would be $6,000 to each side.

Then, the BROKER shares their piece of the pie with the agents involved. Most agents get 50-60% of that piece of pie, depending on your individual deal.

That means, you as the new selling agent might get $3,000 – minus your franchise fees, E&O insurance, and all of your related costs.

If you get lucky, you might be both the listing and the selling agent, and earn $6,000 minus expenses, but you will never get the full 6% commission on any deal.

And your commission income is taxable by Uncle Sam.

Another way of looking at this is – if you sell $1Million in real estate, and you are essentially getting your 1/4 piece of the pie, you will earn $15,000 in commission, minus expenses. If your cut of the pie is larger, the income will be larger, but not as a new agent.

Again, if this is your passion, go for it. Treat it like a real full time job, work it hard. But this is not a get rich quick program – or everybody and their dog would be a realtor!!!

Good luck and best wishes

Right now, you are in a great position to affect your financial future positively, with the right actions that comes from the wisdom and experience of Investors who know about money, investing, and real estate.

The author’s name is Robert Kiyosaki.

The first book to read is “Rich Dad Poor Dad”.

His company also publishes other books that contains this wisdom about money; that expands it and goes into further detail.

The book about real estate is called:

“The ABC’s of Real Estate Investing”

This is the book you would need when learning about the subject matter you asked about.

Below are the links to his website.

I suggest you study his materials carefully.

You could start by getting an entry level job at a real estate agency. Maybe answering phones and setting appointments. Many agencies give employees opportunities to advance. There is training and taking tests. To be an agent you must get a license. GOOD LUCK Even though real estate is in a bit of a tumble now there are a lot of people that earn a good income through it.

There are actually many different real estate careers from which to choose. You could flip houses: buy them, fix them up, and sell for a profit. You could rent properties: either buy them outright, or finance them, and then rent them out. You could be a real estate agent, advertising/showing properties for potential sellers. It depends what you’re looking to do.