Friday, December 28, 2012

How can i start working as a real estate agent?

Q. How can i get into the real estate business. I just graduated high school and I want to be a real estate agent. How do I get started?

A. You should google real estate agent license requirements followed by the state in which you would like to obtain the real estate license from.

This site would give you all the local requirements. On this board most do not reside in the state in which you might want to get your license. Therefore you would be getting general information, not state specific for your state.

#1 Get the necessary education to get your state license.

A. An internet class would do just fine you are only trying to get your license.

B. If you like to sit through a class then find a real estate school in your local area.

C. Some real estate offices offer career real estate license school in their office

D. Some states allow you to take the real estate broker test as long as you have a diploma from a recognized 4 year university or college. Check to see if you reside in one of these states.

#2 Obtain the necessary continuing education to maintain and keep your license to sell real estate up to date.

#3 Formalize the best marketing plan you can think of to maintain a high degree of referrals and a good customer base.

The main thing you want to remember about making real estate your career is that you are working for yourself, so you are the one that have to motivate yourself each and every day.

You want to become an expert in real estate not just a person that sell and list houses. There is a big difference.

I hope this has been of some benefit to you, good luck.


"FIGHT ON"

If we hire a real estate agent, can they work with us on foreclosed properties?
Q. Can most real estate agents help their clients with foreclosed properties, or do they usually just stick to listings with home owners? We're looking into buying, but are on a limited budget, and want to look more closely into foreclosures. Thanks.

A. Yes, a real estate agent can work with you on foreclosed properties. The important thing is to interview agents and make sure they have the knowledge and skills necessary to help you achieve your objectives.

Most states have provisions for buyers to have their own agent (a buyer agent). But not all agents are created equal. Some are more experienced than others.

There are a number of ways that agents can help a buyer with properties that are not listed in the Multiple Listing Service.

HUD properties (http://www.HUD.gov) are foreclosed properties that have been insured by the federal government (i.e. FHA and VA loans, etc.). In order to make a bid on these properties, you must do so with the help of a real estate agent whose company is registered with HUD. Ask the agents you are interviewing if their company is registered and if they have ever helped a buyer purchased a HUD home. You can also see what homes are available at the website above.

Get a list of foreclosures from the county where you live. Ask about the procedure to make a bid on a particular property. Normally you need to already have been approved by a lender, so you have the money ready within a short period of time.

Ask potential agents if they have ever helped a buyer purchase a foreclosure. Also ask if they have experience with "short sales" (pre-foreclosures).

You may have to interview a lot of agents to find one who can help you, but you can probably search on the internet to find one. You could do a google search something like "town real estate, foreclosures, buyer agent" to cover all of the bases.

In general, I recommend that buyers find a good buyer agent by selecting someone who has a CRS and ABR designation. CRS means Certified Residential Specialist and ABR means Accredited Buyer Representative. CRS is the "cadillac" of designations and means that the agent has significant experience as well as has taken the time (and money) to take additional training courses. ABR courses focus on helping buyers. However, neither of these designations assure that an agent has experience with foreclosures. They just mean that the agent is conscientious about improving their skills so as to better help their clients. You would still have to interview them carefully.

There are currently a lot of foreclosures in the Multiple Listing Service (at least in my area and probably in yours). These are usually described as "corporate owned" properties. Also short sales, whereby the property will be sold for less than the owner owes on the property. And the way you buy these is the same as purchasing a home in the normal manner. The difference is that the lender must give approval for the offer (in the latter case) and that the lender is the owner (in the former case).

In any case, just because a property is a short sale or a foreclosure doesn't mean it's a "good deal." A good buyer agent will do a market analysis on the home you wish to purchase to assure that you don't pay too much for the property. In recent years, many buyers had "zero down" loans and purchased their homes at the peak prices of the market. Now, in many parts of the country, values have declined so that the home may be worth much less. That's where "short sales" come in.

Hope this helps.

Easiest way to become a real estate agent in California?
Q. I want to become a real estate agent, but I want to do the classes online. Anybody know of any good online classes to take for this? What classes are needed? Or should. I. Do online classes through a community college?

A. Most on-line real estate courses are from private real estate schools.

You would have to google on-line real estate course. You would have to select the one you would have the most confidence in that would assist you in getting your California real estate license.

This school might also be instrumental in setting you up for your real estate exam. In taking the exam yo would need two checks. One for the exam and the other for California to pay for your license once you have successfully passed the real estate exam.

There might be a few community colleges that would offer on-line real estate course. You would have to google the college of your choice to find out if they offer such courses.

I hope this has been of some benefit to your, good luck.

"FIGHT ON"




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