When flipping through your TV’s channels, you’re practically bound to find several shows on flipping houses. Individual viewer interests range from the artistic (admiration of beautiful houses) to the practical (the amount of profit from their sale.) Regardless of reasons, these programs’ popularity has sparked a matching interest in the real estate profession.
Being a Realtor Requires Training
Real estate jobs can be very lucrative, especially for a career which doesn’t demand a college degree. Nevertheless, there is an educational component which must be completed before a prospective realtor can practice. How to get a real estate license depends on the state where you live. As an example, Nevada requires 90 hours of course work on basic real estate principles and state regulations with a 120-question test at the end. Wherever you are, you can find a real estate school to provide the preparation you’ll need to obtain a realtor’s license in your state. It’s likely that most if not all course materials will be available online, so you may continue working as you study for the licensing exam.
Skill Diversity in the Real Estate Field
Whether you find your inspiration in a stylish design or your interests are more in the concrete details of home improvement, you can find a suitable career in real estate. Real estate agents or brokers may work on behalf of the seller or buyer of a property, for both parties, or for neither.
As a seller’s agent, you may be responsible for everything from negotiating prices (for the final sale and for any necessary repairs), listing, advertising and marketing the property, and conducting tours for prospective buyers. As a buyer’s agent, you may find yourself exploring many properties and determining which ones suit each client’s unique circumstances, showing them to the client, negotiating prices with the seller, and facilitating their purchase. As a dual agent, your duties may overlap, and if you’re a transactional broker, you’ll mainly be matching sellers and buyers with one another and preparing legal documents.
If you choose to earn special certifications to be an appraiser, residential inspector, or mortgage broker, you can speed up transactions and earn more money for your skills. Whomever you’re representing, you need to be good with paperwork, reliable handling large sums of money, and informed about local real estate laws and industry trends so you can answer questions from all parties.
Countless people with widely varied backgrounds and experiences have flourished in the realty business. With enough passion and education, yours could be the next success story.