Should I begin real estate school?

Asked by Sara Cameron, Las Vegas, NV Tue Jan 29, 2013

I've read that the market is improving specifically this year, but I would like to be sure beforehand that it is a good idea to go into real estate now.

PS--Keep in mind that I am only 19.

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14
Dorene Slavi…, Agent, Torrance, CA
Wed Jan 30, 2013
Yes it is improving and we are expecting the last few years of reluctance on home owner's parts to list their property to end. We certainly have many buyers!

You might be interested to know that the "average" age for a Realtor is 52. Don't let that stop you, we love young professionals in the field and you are likely to get more then enough help since many of us will have kids your age!

It is a difficult business to get started in, so I recommend you NOT quit your regular job until you have been in it a couple of years and can depend upon an income. It's also very expensive to start, expect to invest about 5,000 in the first couple of years.
If you don't' have it, then save that money first and go in later.
You can take some courses that you will need for your license in Jr. College. Log on to the Department of Real Estate in Nevada to find out what you will need.
I think you will love it, its a very exciting business
Best of Luck to you Sara!
1 vote
Blue Sky Home…, Agent, Littleton, CO
Tue Jan 29, 2013
Absolutely, give it go. Our company reimburses you for your online education. Go to acre school.com thats where we took our classes. its a great time to get it and we have buyers for you right now! http://www.mooregreathomes.com for more info
1 vote
Maureen Mizu…, Agent, Ozone Park, NY
Tue Jan 29, 2013
Real Estate is an exciting and rewarding career. I don't mean only financially, what I am referring to is the satisfaction derived from helping others to achieve certain goals they have for themselves and or their famillies. But, I must say it is a very demanding career if you are to truly be a professional and competent Realtor. Going to Real Estate school is just a miniscule step you take to pass a test to get a license. Then the journey begins. You will need financing to be able to set up your business and to survive for at least six months to a year before you can expect to have a reliable income, you will need extensive training and constant study all through out your career. Laws change, markets change, a true professional Realtor spends many days and hours learning and involved in his career.
A trained monkey can point out where the kitchen is, or the bathrooms. A Realtor is concerned with the needs of the client on a level far deeper than "how much can you spend and where do you want to live, how many bedrooms so you need,. Also, typically, as a Realtor, no one gives you a paycheck. You are in your own business (even if you are on staff with a franchise company),and therefore you dig your income out of concrete. In fact every day you wake up unemployed and have to create employment for your self. A true Real Estate career will either make you very strong or wipe you out. My suggestion for you at this age is to get an internship with a Realtor whom you respect, shadow them for six months and then decide if Real Estate is for you. At the very least, you will really know what you are getting into to some degree. Good luck Sara!!!
1 vote
Barbara Klare, Agent, Fort Myers, FL
Tue Jan 29, 2013
Yes, the market is improving but what would that have to do with your ability as a Realtor. Some agents had incredible success in the down times. Many others couldn’t cut it in the best of times.

Do you have what it takes?

If I were you, I would interview a few brokers face to face. Learn how they got started and what they and their agents do to stay in the business.
1 vote
Myra Gouger, Agent, Las Vegas, NV
Tue Jan 29, 2013
I firmly believe that everyone should try to better themselves. However, your question should really be "If I go to real estate school, is it possible to succeed as a realtor?" That answer would depend on you and NOT on the market. It is difficult to make money as a realtor. You have to be very self-motivated. You have to be able to work on weekends when all your friends are off. Additionally, it is expensive to be a realtor. You will need around $2000+/- in most states to be able to join the realtor associations and have access to the MLS for properties. Additionally, you need to have a decent car to be able to go out and show people property. Also having money for advertising helps to get you started until you can get some referrals. 6 months of living expenses is a bare minimum to put aside before you get into real estate because sometimes it can take that long before you can even get a paycheck with a short sale. So, if most of these things don't scare you and you are self-motivated, then YES you should go to real estate school. If, on the other hand, you are not self-motivated and not able to work without someone telling you what to do and where to go, then don't start real estate school. Also be aware that realtors put in long hours and sometimes don't get paid for those hours. Most people who go into real estate DON'T succeed. There's a lot of rejection on an everyday basis. For those who do succeed, it is the most wonderful profession in the world!!
1 vote
Robert Adams, Agent, Henderson, NV
Thu Apr 18, 2013
If you like real estate and can see yourself doing it as a long time a career go get it! More education the better. This license will give you the ability to save money on all of your personal investments as well as all your commission work.

While attending school try to figure out what niche in real estate you would like to specialize in. Too often time people want to get their license and do it all. I recommend starting in one specific part of real estate and doing it very well.

Once you get your license if you would like to discuss joining our team of agent s let me know and we can sit down and discuss this further. In the meantime you can sign up to our Las Vegas Real Estate Forum and learn more about our market and if it is something you would like to do.

Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
0 votes
Bill Eckler, Agent, Venice, FL
Thu Apr 18, 2013
Sara,

Now is a great time to begin an exciting new career, one filled with rewards, challenges, and relationship building experiences.

You should be cautioned, real estate is not an automatic guaranteed success. It is filled with challenges, disappointment, personal sacrifice, unending hours, etc. etc. but through it all, can be fulfilling.

If you're not afraid of work, 19 or 59, real estate can be a rewarding career.

Good luck,

Bill
0 votes
Alex Escobar, Agent, Fort Lauderdale, FL
Thu Apr 18, 2013
Absolutely Sarah! Do it now while you are young and have lots of energy! Real Estate has given many people I know lucrative careers that span over 30 years! It can be extremely rewarding when you hand someone the key to the house of their dreams! Be prepared for long hours and some uphill battles but in the end it always pays off when you have a good work ethic!


Wishing you success!

Alex
0 votes
Blue Sky Home…, Agent, Littleton, CO
Thu Apr 18, 2013
YES! Acre school online. Contact me and we will get you hooked up. good luck
0 votes
Rogus Cheris, Home Owner, Francestown, NH
Wed Apr 17, 2013
I really like your thought .I think you must go for it .Wish you best of luck .

http://www.bellesdemeures.com/
0 votes
Yvonne Mardi…, Agent, Henderson, NV
Tue Jan 29, 2013
I encourage you to go to Real Estate School. The Market is always good for agents who are diligent and consistent. I have been in the business over 20 years,
You can attend Real Estate School for free with Prudential Americana Group Realtors. contact me is you would like more information.

Yvonne L. Mardian
Prudential Americana Group Realtors
yvonnem@americanagrp.com
0 votes
Bill Eckler, Agent, Venice, FL
Tue Jan 29, 2013
To consider something as a life's profession with out knowing what the career actually involves is likely not a good road to take. Before committing to anything, my recommendation is to try to make arrangements to shadow an experienced and productive agent for a few days to get a better appreciation for what is involved.

This is a decision that you will need to make for yourself but the more information you have, the better equipped you will be to make a good decision.

Good luck,

Bill
0 votes
Anthony Cinc…, Agent, Cape Coral, FL
Tue Jan 29, 2013
If that's the profession you wish to pursue then the sooner the better. :) Keep in mind though that it is very typical for a new agent to make little or no money for the first couple years and based on Vegas' market (I relocated to Florida from NV and still own property there) it might be even more difficult, but don't let that dissuade you if it's your dream. :)

Additionally, there are lot's of online options these days for getting your pre-licensure education requirements accomplished. I used RealEstateExpress.com to obtain mine. When accompanied by a book written specifically for my state it was an effective way to learn. (Book I used was Florida Real Estate - Principles, practice and law. They may have one for Nevada as well.)

I hope this is of some use to you and wish you the best of luck!

A
0 votes
Debra (Debbi…, Agent, Livingston, NJ
Tue Jan 29, 2013
No one can assure you, and that seems to be what you're looking for, that it is a good time for you, or for anyone, to "go into real estate".

It can be a lucrative profession.... or not - many try it out , and unfortunately, fail to make a good enough living, so they leave. Or, they see it isn't "as much fun" as they thought it might be!

Do you have what it takes......personality-wise and skill set-wise?
I don't know.

Will your young age be an asset... or a negative (will you be taken seriously as a teenager overseeing one of the biggest purchases most people will make)?
I don't know.

I do know you will be competing with an older demographic (older than you) - many of which have college degrees, work experience, even if in other fields, and additional life experiences which they can draw on.
Right now - you are lacking those assets.

Continuing -

Can you live without a regular paycheck?
Only you know that.
Can you take rejection?
Only you know that.
Are you sefl-confident and assertive enough to make your clients feel they're in good hands?
Only you know that.

Finally - you don't go into RE, in my opinion, because you think/hope the market will be improving - you go into RE because it's what you want to do, and you're prepared to work hard, take the bumps and bruises along the way, and do whatever it takes to make it work.

Best wishes......hope this helps!
0 votes
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