Donald Trump is a huge inspiration to anyone who wants to succeed in real estate. He is the epitome of success. If you want to excel in the incredibly competitive world of real estate, then you have to truly love the work. Your passion must also be backed by knowledge from experts who've had years of experience in the property development business; and this is why you need to learn from a school that will be able to help you stand out in your chosen field. Once you finish school and acquire your license, you have so many career options to choose from as well.
Real Estate Education
So, where do you start? Begin by getting an education. Even though you’re in a region that does not require you to take classes, it is better that you do. Make sure that you enroll in a school that is state-approved so that you won’t encounter any problems once you’re set to get your license. You can either go to a school where you have to personally go to classes, or enroll online, which is a pretty convenient option.
You can become a lot of things once you earn your real estate degree. The level of your education, as well as experience in the field, are vital factors that could dictate the types of jobs you can get. You can apply and become a sought-after agent, broker, appraiser, assessor, or property manager, for instance. Below are some jobs that you can consider once you gain your real estate degree.
1. Real Estate Agent versus Broker
There is a slight difference between an agent and a broker. Whereas an agent needs to work under a broker, a broker can manage his own business. But both have many similar duties which often involve helping clients in buying, selling or renting properties. To become a broker, you should — be at least 18 years old; be a high school graduate; have finished pre-licensure classroom training; and have passed a written exam about real estate and property laws. Brokers can also acquire education and training about the field that they want to specialize in, such as commercial or residential real estate.
2. Commercial Real Estate Associate
Those who work in this field are responsible for marketing commercial structures, like apartments, offices, hospitals, industrial plants, and other business centers. Most large companies that specialize in commercial real estate assist an elite group of clients, and as such they always perform market research so as to have current data on hand for their erudite investors.
3. Real Estate Appraiser versus Assessor
An appraiser is one who sets a value to a property. He does this by providing a fair estimate based on the earnings that can be generated by a specific property. An appraiser can also come up with a value assessment by comparing the cost of other properties in the same area. The educational requirement to become an appraiser is usually a bachelor’s degree from an accredited school. As for an assessor, he also provides an educated guess about the value of a specific property, but this is oftentimes for tax purposes. Whereas appraisers are often connected with private appraiser firms or banks, assessors usually work for local governments.
4. Real Estate Managers
Real estate managers are also commonly known as property managers, and they are responsible for overseeing certain properties. They are primarily responsible for lease negotiations, and they also make sure that tenants are happy and that they are paying their rent on time. Because rental fees change depending on market conditions, a property manager must also ensure that the rent is appropriate and fair not only to the tenant but also to the owner of the property.
Claire Flint is a full-time freelancer whose interest lies in real estate. She also blogs about a Brooklyn school of real estate that helps people in achieving their dream of becoming licensed real estate professionals.