| Real estate is a convenient marriage of | | | | successful and most visible agents alone |
| two different words from French and | | | | would be a mistake. |
| English with real coming from 'Royale' | | | | How Does One Become A Real Estate Agent |
| and 'estate' being an English word, | | | | The criteria set by the law and |
| representing immovable property. The | | | | respective state governments vary with |
| term royale represented the monarchies | | | | respect to licensing, but here are the |
| in royal estates of the earlier eras. It | | | | general requirements: |
| has now transformed into real over time | | | | -You must be at least 18 years old and a |
| with monarchies coming down and | | | | high school graduate |
| economies presenting opportunities for | | | | -Must take a qualifying course of 30 |
| everyone to own any piece of property | | | | hours |
| under the sun. This presented two new | | | | -After passing, you must work as real |
| lines of business: Real Estate Broking | | | | estate sales person under a broker for |
| and Real Estate Agency. | | | | one year in to be eligible to apply for |
| Just The Facts, Ma'am | | | | a real estate agent's license |
| According to one estimate by "The | | | | If you are knowledgeable about real |
| Economist", real estate assets in the | | | | estate regulations and laws by having |
| United States equal a whopping $62 | | | | worked for a minimum of 2 years for your |
| trillion, which is a big 54% of their | | | | employer, you can directly apply for the |
| entire asset value. It may be hard to | | | | license once you pass the examination |
| believe that the portion of residential | | | | required by the Secretary of State. |
| properties amounts to $48 trillion out | | | | Additional knowledge and experience such |
| of that mind- blowing figure. This | | | | as overall economics and economic |
| stands as a testimony to the demand and | | | | indicators, mathematics and property law |
| supply of real estate assets and thus | | | | is also helpful. But what decides the |
| why real estate is such a high-growth | | | | success of your career is the good will |
| field. | | | | you earn with clients. You need to be |
| A total of $61 billion was paid in | | | | gregarious, persistent and |
| commission to real estate brokers in | | | | knowledgeable. |
| 2004 alone. And a good part of this huge | | | | How much can you expect to earn? This is |
| money goes to the licensed agents | | | | subjective and there are major and minor |
| serving them. | | | | aspects that affect this. However, as a |
| Real Estate Business – No One | | | | successful real estate agent you have a |
| Promised You A Rose Garden | | | | potential to earn anywhere from $54,000 |
| If you are considering a career in real | | | | to $75,000. There are agents who are |
| estate as an agent, it is wise to know | | | | earning more than $100,000 a year, but |
| the pitfalls before beginning. No agent | | | | these have several years of experience |
| these days can make it big by working | | | | under their belts. |
| only on the weekends for a couple of | | | | The great thing about it is that your |
| hours. Since an agent is the face of a | | | | earning potential is limited only by |
| broker, and is required to split the | | | | your own abilities and the amount of |
| revenues with the broker, he needs to | | | | work that you put in. So work hard for |
| work full time (and then some) in order | | | | a few years and you can quickly find |
| to earn a good income. Getting sucked | | | | yourself among the top agents in your |
| into the profession by looking at the | | | | state! |