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FAQ

Hello, i want to get my licence to sell commercial real-estate and aside from doing the real-estate courses provided by OREA, what other type of education would you recommend i have? I'm not interested in a bachelor's degree as i'm not doing this to get hired, but to understand and be capable of doing the tasks that are a part of a commercial real-estate agent's day.I know i'll need: negotiating skills, interpersonal skills, self-discipline and time management, communication skills (verbal and written), marketing skills, and general business knowledge. I'm thinking more of a certificate or a diploma.Thanks guys.

Once you obtain your real estate license you would receive may seminars and courses as continuing education that would be of benefit to you. You would amass m ay certificates and have many designations bestowed upon you. You would need to concentrate on the necessary classes to obtain your real estate license at this time. It might be that a commercial real estate broker might not hire a newly licensed real estate agent. You might have to spend a little time with a residential real estate firm, honing your skills, prior to becoming a commercial real estate agent. Being a commercial real estate agent is a skill that a commercial real estate broker would want a little experience at. They have little time to train a new real estate agent to learn terms, real estate vocabulary and could hold his own in the business world. I hope this has been of some benefit to you, good luck. FIGHT ON

how to become a real estate ?

Agent? Take the Sales Agent course and pass it. Check local community colleges or talk wiht a broker at GMAC or Century 21 or your local RE companies. Sometimes they would sponser the cost.

If lets say that real estate is expected to come back up again in a big way, which stocks or funds would you buy?

Real property funding is a difficult discipline, with plenty of cash exchanging arms. If you would love to develop your funding portfolio, truly property is an overly general technique to do it. This consultant will support get your cash invested thoroughly.

I want to become a real estate agent, but I want to do the classes online. Anybody know of any good online classes to take for this? What classes are needed? Or should. I. Do online classes through a community college?

Most on-line real estate courses are from private real estate schools. You would have to google on-line real estate course. You would have to select the one you would have the most confidence in that would assist you in getting your California real estate license. This school might also be instrumental in setting you up for your real estate exam. In taking the exam yo would need two checks. One for the exam and the other for California to pay for your license once you have successfully passed the real estate exam. There might be a few community colleges that would offer on-line real estate course. You would have to google the college of your choice to find out if they offer such courses. I hope this has been of some benefit to your, good luck. FIGHT ON

I'm going to look at a home tomorrow. I've never done it before and I'm wondering is the real estate agent going to try and "sell" me the house or will he give me the facts and even point out some things to look at that may cause me problems? What're your experiences?

It depends on where you live. In BC Canada there is a huge list of thing the adgents can and can't do. Some places, like where I live now, we were 100% on our own. Just remember until you hand them your hard earned money, they are your best friend, just ask them, they'll tell you. Actually they want your money, they don't care who you are or if the house has been condemed. They will try not to lie, so if you ask a question write down their answers. I don't think they really mind telling a lie, they just don't want to get caught, don't forget their your best friend.Thats all you need to know about realtors, Does that sound like a used car salesman? I think so! PS with the way the economy is going don't be in a big hurry to buy. Prices are coming down and the banks are getting ready to lower their rates again

Is the real estate IRA advantageous?

...and there are many landmines with prohibited transactions, like selling property to an IRA or having the IRA buy property that you would ever touch personally. You trip the wire, and all of a sudden your IRA ceases to exist and you're looking at a total distribution with loads of penalties on top of taxes. There are lots of scams out there related to real estate in an IRA. Not a good idea.

Is it possible to start collecting renthouses while working a trade? Im a floor layer and im trying to pick up a part time job if i get the part time job i should start making around 800 a week. Is that insufficient to take on a journey like real estate?

It is difficult to get into the investment game now as most lenders want to see experience in being a landlord.

PARTNERSHIP: "A broker can be a partnership. Every partner who performs activities that require a real estate license must be licensed as a real estate broker." So far so good, check out the continuation. "At least one broker partner must obtain an additional license for each branch office location. The partnership itself needs no separate license." WHAT DO THEY MEAN BY SAYING must obtain additional license FOR EACH BRANCH OFFICE LOCATION? What other license is there available then the brokers license when in fact they already are brokers? This s driving me mad.. please reply if you can.

Not knowing the state this is in and so forth i can't say with certainty what the full meaning is, but typically a state will require each physical office to have a licensed broker in that office. As a result if you open a 2nd office the person in charge of that office must hold a real estate broker license. The partnership is a separate issue. you can be a partner in the real estate brokerage and not have a license provided you perform no real estate broker activities at all, however without having that broker license you could not be the broker in charge of the 2nd location.