I need information as to how to start saling real estate, any information will be greatly appreciated
2007-01-14 10:16:25 · 13 answers · asked by Supa_Sexy1 2 in Business & Finance ➔ Renting & Real Estate
You can become an investor and sell your own properties which doesn't require a license (see book below regarding how to do that).
Otherwise, you can sell for others by going through a week of schooling, past the school's exam, then go after the state board exam. You may or may not pass. Then you go to a broker and apply, to see if they can allow you to be a real estate agent with their firm. You will then need to have continuing education credits each year. After all that, you need to find a buyer and a seller together to see if you can make 3% commission.
2007-01-17 06:32:23 · answer #1 · answered by John Rosa 3 · 0⤊ 0⤋
First off you will have to get your real estate license. Rules vary from state to state, but in OH you are required to take 4 classes, Real estate law, Real estate practice, appraisal, and finance. Then after passing the classes, get an agency {Century21} for example to sponcer you so you can take the state test. If you pass the state test then You're an agent! Keep in mind that being an agent , in most states means that you are self-employed. You will be responsible for your own taxes and Insurance. You will be required to update your education every year. The comission made on a sale is divided between the agent who listed the house and the agent who sold the house, plus the broker gets their share. It is a very cut-throat business. It is usually either feast or famine. GOOD LUCK
2007-01-14 10:56:44 · answer #2 · answered by zart 2 · 1⤊ 0⤋
If you want to sell property that you do not own you are talking about being an agent. In all states you will need a license. If you want to operate in two stated (cities that are on the boarder) then assume you will need two licenses.
Note: If you are saying you want to be an investor you do not need a license for transactions where you are a principal.
1. Check with the state's website to understand the license requirements for being an agent.
2. Contact some RE offices to see if there is a recommended school or program in your area. Community colleges can be one source. In some states there is a dominate private school with either in classroom training or home study.
3. Understand the costs associated with getting a license and getting started. There are some fees and other costs that some folks fail to think about before they start.
2007-01-14 10:24:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Go to real estate school..i am in it now and its hard. Most states require that you take the school to get licensed and you must pass the state exam..be aware that it is expensive. Most cities require you join the Realtor association and that is 800$ up front and the classes are usually around 450+ you have to get a background check 20$-100+ depending on how many places you lived and around 100$ to take the state exam. Good luck
2007-01-14 10:23:30 · answer #4 · answered by melissaw219 3 · 1⤊ 0⤋
If you're just looking to sell, I would suggest taking a prelicense course through one of your local real estate offices. Many national chains provide these couses but there is usually a tuition fee attached.
If you're looking to become an investor like me then I say the first step should be to join your local real estate investing group. Surround yourself with people that are already doing it and get yourself a mentor.
Next just get over the fear of over your fears. Don't end up over analysing things. Make offers, lots of offers and get deals done.
2007-01-14 10:29:09 · answer #5 · answered by Scott A 2 · 0⤊ 0⤋
I was considering the same thing. You should probably start with a couple of Real Estate classes at a community college or even some Adult Education classes from your City's recreation center.
2007-01-14 10:21:43 · answer #6 · answered by prtybrwnskn 2 · 0⤊ 0⤋
You'll need a license coarse that's usually offered at a college or through a real estate office..The coarse is about 300 dollars.After passing the coarse you'll have to pass a state test,you'll get all that information during your license coarse.Once you've pass the coarse and state board test..You are well on the way to making millions and millions..
2007-01-14 10:41:45 · answer #7 · answered by overhereyoupretty 3 · 1⤊ 0⤋
Your local community college should offer real estate licensing classes. They are not necessary, but will be a big help when you take the exam.
2007-01-14 10:19:59 · answer #8 · answered by Rachel 6 · 0⤊ 0⤋
There are several courses that one must take and successfully complete in order to get their broker's licence.
Contact your real estate board for more details.
2007-01-14 10:42:40 · answer #9 · answered by 4x 2 · 0⤊ 0⤋
Assuming you are in the US...
Call your local Century 21 office. They often sponsor realtor schools and you can take classes/get your license through them.
2007-01-14 10:20:24 · answer #10 · answered by alter_tygo 5 · 0⤊ 0⤋