If you have the right skills and are undaunted by the vicissitudes of the industry, real estate can afford a phenomenally challenging and rewarding career. People skills are paramount in real estate. Everyone, from brokers to investment fund partners, relies on the relationships they forge throughout their careers to find clients and understand the subtleties and caprices of the market. Project management skills are as critical to the tasks of ongoing asset and property management as they are to coordinating large-scale deals. Finally, people who endure in the industry have the fortitude to see themselves through the famine of down markets.
Most real estate professionals work independently, contracting their services. Those who succeed in real estate are generally ambitious and entrepreneurial. Real estate brokers and agents need to be familiar with the communities and home prices in their area, to find homes that will best meet their clients' needs. Those who succeed are able to network, form connections, and get things done quickly. Creativity, unconventionality, and social skills are also important. Virtually all real estate professionals need to know zoning laws and regulations, as properties and property transactions are heavily regulated.
Requirements
Real estate agents and brokers must have a deep understanding of local tax laws, zoning regulations, school districts, contracts, building repair, utilities, transportation, business, architectural styles, and much more. They must know how to use computers. The Internet in particular is a growing part of the real estate trade. People are increasingly using it to buy and sell houses, and a real estate professional who is not Web-savvy will be left in the dust.
Licensing
All 50 states require real estate agents and brokers to be licensed. To get a license, a prospective agent must be 18 years old, hold a high school diploma, and pass a written test. Most states also require prospective agents to complete courses in real estate. Brokers need between 60 and 90 hours of class time plus 1 to 3 years of experience selling real estate as an agent or a bachelor's degree in real estate. As transactions become more complex, more firms are looking to hire college graduates. Classes in real estate, business, statistics, and economics will give you a competitive edge.
Job Outlook
Unlike much of the rest of the economy, the real estate industry has been doing quite well. Though the robustness varies between sectors, with the residential side of real estate doing best, the industry is hardly in the hangdog state that nearly every other part of the economy has been in.
2006 promises to be another great year for Collins Real Estate
If you are interested in learning more about an exciting and rewarding career in real estate, email casey@gocollins.com or call Casey at 402-223-8146
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Copyright 2002 Gage County Board of Realtors®, Inc. The information on this Internet site is provided in part by the Internet Data Exchange (IDX) program of the Gage County Board of Realtors. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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