© Izaokas Sapiro Business woman advertises real estate on isolated background
© Izaokas Sapiro
Learn to do real estate and be successful
In real estate school you will learn real estate law, real estate basic contracts and how large a mile is, but you will not learn how to negotiate a deal using creative financing. There are many things that you must learn in the Brokerages.
To be successful, you must learn how to keep clients happy, close loan deals and how to make disclosures to protect your client. You have to learn to door knock, cold call and how to be patient. There are long hours involved, but the rewards are many.
Sellers or buyer’s agent
You can specialize in many areas in real estate, but it is best to be either house sell agent or house buy agent. As an agent representing sellers, your fiduciary duty is to the seller only. If you should double end the sale, which means to list and sell the home, your fiduciary duty is to both parties. You cannot be partial to just the seller.
Fiduciary duty means that you will do your utmost duty to protect the interest of your client.
Top real estate websites
When you are looking to do real estate in the US or in the UK, keep one thing in mind and that is there are numerous opportunities online. There are many real estate tools available at the click of a mouse. The MLS online (Multiple Listing Service) is available for anyone to search for a home nationwide.
The MLS lists rentals, homes for sale, and businesses for sale, homes that has sold and also lists all homes available for sale using creative selling. Creative selling options would include: seller financing, buy to let and lease options.
Best area to work in
Agents will enter real estate to make money and become rich. The hope of becoming a millionaire is on the mind of many agents. When looking for hot markets, you can look where the business is booming.
In the US you can look at the Arizona MLS listings and see that both Phoenix and Tucson areas are good to work in. Other areas of interest could be Illinois, Texas and California. In Texas you can see that Dallas homes sales are very lucrative.
For those interested in buying property in California for investment, you will see that the homes are both expensive and sought after. No matter which area you choose, look for a place where you can call home.
Resources: Realtor.org