Academics have a trend of becoming voice pieces in an industry in which they do not participate. It is easy to see the fingerprints of these folks on every dysfunction system in the USA. -------------- If your intent is be be engaged in the purchase and sale of residential real estate, the benefit of a degree will ONLY be realized if YOU can create a competitive advantage though proper marketing. This degree WILL NOT MAKE YOU MORE KNOWLEDGEABLE or MORE COMPETITIVE. ------------------If your intent is to become engaged in the commercial side of real estate a business degree will prove extremely beneficial in all aspects of this real estate segment. ------------------------Grace, it is important to understand, one's success in real estate is directly related to the commitment, desire and vision of the individual and depends very little on their formal academic credentials. Please take a few day to develop a description of what you think, or want your real estate business to look like. THEN, those who have so much experience and success can prove helpful in getting where you want to go.
------Annette Lawrence, Broker/Associate, Remax, 727.420. 4041--------------- Of course there is much personal satisfaction in knowing you are the most educated and smartest person in the office. For many that will be the total of their achievement as they make preparations to return to their day job at the insurance company.
I would recommend getting an MBA in general business possibly with a concentration in real estate financing or real estate investment. Having the background knowledge of an MBA will only help you in this business, especially when you get to the point where you have to manage people. I would also recommend going to law school and earning a JD with a concentration track in real estate. Having a JD in this business will be extremely valuable to you.
NAR offers an online degree program that is an MS in real estate, but if you want the best in-person education, look into the Mays School of Business at Texas A&M in College Station.
I see no problem with getting a degree in Real Estate. Currently there are MBA with an emphasis in Real Estate. Once you have your MBA it can definitely open doors for you, especially in the corporate setting. You can also start your career by getting your license and starting work now gaining value life experience in Real Estate.
Before I would begin I would research several brokerages and figure out what they offer newbies and ask them what is their turnover rate of New Agents. Know that everyone is different and if you have the drive you will be successful.
JOAN LORBERBAUM MOORE
Broker Associate, GRI
9858 Clint Moore Road
Boca Raton, FL 33496
John Souerbry BS, MBA (
My company, EXIT, offers great training and mentorship programs that get you on the fast track to closing deals quickly. If interested in learning more, contact me directly at email@example.com
I would never discourage someone from getting an education. Anything you learn in any field can be useful in other fields. On the other hand, to do the day to day work of an agent, no degree is required and most agents I know with degrees, have them in other fields.
If you goal is to sell residential real estate, you may be best served by getting a license and learning the business first. You can return to school and your classes may take on more meaning as you have had real world experience in the business.
If you want to get into a specific aspect of real estate, having education in it may make sense. Doing standard residential real estate is fine, if you want to get into higher end investment, commercial or mortgage banking, expanding your education may be beneficial. It will all come down to your goals, interests, abilities and how hard you are willing to work.
This business is really about mentoring, working in the field, learning from mistakes, experience, research, licensing and asking for help when you need it. You'll learn more in real life than you will from the books. I've found that after I got my Real Estate Salesperson's Licence, they taught me nothing about how to sell real estate and I learned nothing at school about the anatomy of a purchase. These things I learned from experience.
You can start with a Broker's licence and add everything "a la carte" or "designations". If you are heading towards commercial sales, you would get your Broker's license, then go back for a CCIM. Here is a list of designations you can get:
Hope this helps.
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