Question Details

Vlad Roces, Real Estate Pro in Las Vegas, NV

what degree will best compliment my real estate career?

Asked by Vlad Roces, Las Vegas, NV Mon Dec 10, 2012

I was sworn in as a Realtor three weeks ago. I really enjoy and take pride in being a Realtor which has got me to thinking about the future. Can any of you experienced agents provide some insight on what degree would work best with real estate, I am considering business management, paralegal and economics. Thanks in advance.

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Answers

10
As you'd mentioned, having an MBA does facilitate a real estate career around portfolio management. I definitely find the finance background handy in providing insights into deals for my investor clients.

As for what degree would be most useful, it's most definitely a JD. (I'm considering options for myself in that direction.) Having a law background lets you get much deeper into the specific terms of a deal. It's that level of fine-tuning which can turn an average deal into an awesome deal. Plus, with a law degree, you won't have to beat an emasculating retreat whenever a client has any sort of law related real estate question.

I've taken courses in marketing, psychology 101 (a giant waste of time), and business courses. That's all they're good for, just quick courses, not as degrees. You can pick up marketing concepts pretty quickly in just a few books. I got a dual degree in psychology for the same reasons as the other few guys in that major.
Web Reference: http://www.archershomes.com
3 votes Thank Flag Link Wed Dec 12, 2012
Marketing. Someone else mentioned negotiation. Paralegal might be interesting for you personally, but I might be more tempted to cross the line into legal practice with that background. I would think nearly any of the business degrees would be of benefit.
2 votes Thank Flag Link Tue Dec 11, 2012
Psychology 101 with a minor is negations.
Neuro-Linguistics studies
Economics 101
Architecture
Family counseling
Interior decorating
Landscaping
Acting
Auto-response suppression

On any day you could use ALL of them.
Congrats on your accomplishment and welcome aboard.
This is an exciting industry and a truly exciting time to become involved.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor. FL
727.420-4041
http://FirstLookHomes.us
2 votes Thank Flag Link Tue Dec 11, 2012
.....and a degree of tenaciousness! :)
Flag Wed Dec 12, 2012
No question about it a Business Degree. You need a good business head to do well as a Realtor. http://chooseahomenow.com
1 vote Thank Flag Link Thu Dec 13, 2012
In my opinion, business law or MBA really enhances your license.
1 vote Thank Flag Link Wed Dec 12, 2012
I have found that people with marketing degrees often find success in real estate. For whatever reason the skill set developed while gaining a marketing degree transfers very well into the real estate market.
1 vote Thank Flag Link Wed Dec 12, 2012
I have found that people with marketing degrees often find success in real estate. For whatever reason the skill set developed while gaining a marketing degree transfers very well into the real estate market.
1 vote Thank Flag Link Wed Dec 12, 2012
Annette hit the nail on the head with psychology 101 with a minor in negotiations. Seriously, I think a business management degree is a great way to go no matter what you may decide to do down the road as it will touch on the many skills needed in Real Estate--and I'd also recommend a concentration in marketing classes.
1 vote Thank Flag Link Tue Dec 11, 2012
No matter what field of study you decide to pursue please be sure to add on a course in ethics.
0 votes Thank Flag Link Sun Dec 16, 2012
Thanks for the responses. I read somewhere that some agents with mba's have been able to combine their expertise and have redefined their services to include consulting and portfolio management. I've thought about about marketing but I feel that the type of marketing I'd need as an agent can be learned as I become more experienced. If ever I become successful enough to start investing my own money flipping homes, I think marketing will help a lot in terms of branding and maybe a certificate of achievemnet in construction will also be valuable.
0 votes Thank Flag Link Wed Dec 12, 2012
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