Saturday, April 7th, 2012 at 4:05 pm ?
While?becoming a real estate agent can be challenging, getting started is not as arduous as you may think when compared to other high earning potential professions. When you obtain real estate agent qualifications, you can take advantage of many creative options to enhance your income that are not available to other professionals. And your potential for advancement can reach high levels in real estate.
In order to develop into a real estate professional, plan on plenty of time to learn the ins and outs of the realty business including property buying and selling techniques, financing strategies, and to some extent the legal side of real estate. A basic requirement is to pass a minimum of one examination, in accordance with the kind of realty you are pursuing. Acquiring a comprehensive understanding of the realty market and how it functions will bring you many opportunities, as people will want to seek you out for your services that can enable them to sell properties that they need to move. Of course you can also represent property buyers, who are in the market for specific properties to meet their needs.
In addition to becoming a real estate agent for property buyers and sellers, an especially skilled real estate agent can even take on professional investors who are looking to diversify their portfolios with properties. The services you can provide to these investors, finding great properties that meet their return on investment guidelines, when properly cultivated can help you enjoy regular and substantial, multi-year income streams. All without risking your own capital.
Your beginning training and passing the real estate examination are the keys to getting started in helping home buyers and sellers. Active real estate agents who start and stay in home buying and selling can be quite comfortable. Sometimes agents represent both the buyer and seller, who, as your training will reveal, must follow real estate disclosure laws that exist to bind agents in ways that maintain fairness in those transactions. For agents who desire even more experience, real estate offers even more opportunities. For example, wealthy investors often use the services of real estate agents in order to expand and diversify their businesses, or agents may wish to take control of larger portions of their local market by being the best at finding property buyers that match precisely the needs and urgencies of property sellers.
A particularly advantageous aspect of?becoming a real estate agent is being able to progress to the next professional tier, a real estate broker. In order to act as a real estate broker in most states, you will need to take additional courses in real estate and possibly sit for another examination. For example, to apply for a real estate license California has separate applications for a real estate salesperson (agent) and a real estate broker. Of course you can continue to enjoy your income as an agent while you learn. Some states do not require separate licenses for agents and brokers, instead requiring a single real estate license accreditation. As a result in such states, you may have the opportunity to become a broker depending on the realty company you associate with, or by starting your own business.
To be most effective as a real estate agent these days, knowing how to operate computers, especially mobile computers like laptops, tablets and smart phones is as fundamental to your success as having expertise in real estate. Not only are properties found and marketed online, more and more properties are bought and sold online, as access to the Internet is becoming as easy as making a phone call. Be sure to excel in knowing how to buy and sell property online and you will be a step above many other real estate professionals while you are becoming a real estate agent.
Veda Gregurek
Careers and Training Editor
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- Finding A Real Estate Agent Amid The Fakes
- The Realities Of Real Estate Agents
- Finding The Real Real Estate For Sale
- The Business Of Commercial Real Estate Sales
- The Prudent Choice Of Prudential Real Estate
Tagged with: real estate agent
Filed under: Real Estate
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