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