Career Paper: Real Estate Agent
Everyone will experience buying a house at one point or another. Why not have a real estate agent help you and guide you through the process? I chose this occupation because it interests me for many different reasons. Wouldn’t you like a job where your schedule revolved around your life? Or you could control the growth of your business? Or basically over time, be your own boss? These are a few of the many reasons the real estate industry has caught my eye.
A real estate agent is a person who sells and rents out buildings and land for clients. This career is very important if you are buying a house, but you don’t really know what you’re doing. Real estate agents can help to guide you through the process, and answer any questions you have. Real Estate has always been around, it just wasn’t referred to as an actual occupation. Real estate companies didn’t start until around the 1950’s. People could now officially buy and sell houses, and make money from it at the same time.
Real estate licensing varies in each state. I am giving the Florida guidelines because that is somewhere I could see myself living. These are all Florida licensing requirements. You have to be 18 years old and have a high school diploma, or the equivalent. You have to provide arrest and police history (“FAR-Education”). The state basically runs a background check on you. After you meet the education requirements, you can apply to take all the state real estate exams. To get your license in Florida, you have to complete 63 classroom hours of courses that are required for Florida Real Estate. Florida also has this thing called mutual recognition with 9...
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...but we will learn from them as you go farther into the business.
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The State of Missouri requires professionals to obtain a license before providing services to the public, in many careers. Misconceptions hold that issuance of licenses is just something that is needed in order to charge money for services. Licenses are issued however, because the public puts their trust in professionals who are more knowledgeable than they are. Many people today want to avoid the hassles and risks associated with the transfer of land, so they put their trust in licensed real estate professionals. The Missouri Broker Disclosure Form (MBDF) is a document used by the Missouri State Real Estate Commission that attempts to provide the public, knowledgeable information, about agency relationships (the fiduciary relationship between buyers/sellers and agents). It also holds real estate agents and brokers somewhat accountable to the public in representing them in their best interest; all real estate agents are required to present and explain this form to buyers and sellers. It seems in today’s society that greed, corruption, and self-interest has spread like an infectious disease and we live in a world where it is risky to put our trust in other people. The government tries to respond to that corruption by putting into place more regulations and laws to keep people honest. In summary, the Missouri Broker Disclosure Form is a document designed to help the public make an informed choice about the agency type, of the people that they are putting trust in, and the fiduciary commitments due to them.
The next portion of the chapter talks about how real-estate agents use information to gain power and wealth. Most real-estate agents have a better sense of knowing the condition that a home or apartment is in, and this gives them an upper-hand against the buyer or seller. Like the Ku Klux Klan, real-estate agents use secret words and information to
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To work as a real estate agent, you typically need to have a high school diploma, must complete a training in real estate essentials and practices and have a license to sell real estate. The education you need after high schools would be to complete a formal real estate training program that covers real estate transactions and laws. These programs are between thirty and ninety hours long. It is not required but some agents have some type of college education. Employment outlook is about fifty-three percent of the agents are self-employed. Major employers are Real estate agencies and Real estate rental companies. The outlook can sometimes be slow due to people being able to go online and look at houses for sale or rent. Real Estate is a very competitive industry and many people come and go each
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Such as needing a license, the time and energy you need to become the best Broker possible. The guaranty of always having a job, within a matter of years becoming your own boos by starting your own company,and what you will earn in return for making peoples lives a whole lot better. The things I already know about Real Estate are as follows. I know that you will never lose your job. The reason why you will never lose your job is because people are always trying to buy a house or sell a house,or a piece of their property etc..
The fact is that the real estate industry and the real estate market are constantly changing. Therefore, it is vital for the individual in the real estate industry to keep current about everything from new technology to current trends occurring locally and across the country. Real estate is a profession that requires people in the industry to stay up to date on certain laws and regulations to stay licensed in their state. Arizona Real Estate Continuing Education Online is one very convenient way for individuals in the industry to keep current in the real estate industry.
To become a loan officer you have to meet certain educational requirements. Becoming a loan officer does not require a lot of schooling, but you do have to do some on the job training. One of the educational requirements for becoming a loan officer is a bachelor's degree in either business or finance. In order to be a loan officer you have to contain a few important qualities. You must have initiative, good decision-making skills and also have good interpersonal skills. When trying to become a loan officer, these skills are key("Bureau of Labor Statistics").
The first step to buying your home is assessing your financial situation. A person must evaluate how much exactly they can afford and borrow. Most people hire a real estate agent to find a home. A real estate agent can help in finding different homes that suit the person’s needs. At the Department of Housing and Urban Development’s website, “You'll want to start searching for a broker as soon as you decide to buy a home. Talk to several and find someone you think you'll be comfortable working closely with”(1) Having a wide range of options is always helpful. An agent can also help in negotiating the price, and showing what the potential buyer needs after finding a home. A buyer might also need the services of a lawyer, a loan officer, insurance agents, and an accountant. In all purchasing your own home is a daunting task if you plan on doing it alone.
Quadcopter. (2013). Quadcopters in the High End Real Estate Business. Available: http://www.videouniversity.com/quadcopters-in-the-high-end-real-estate-business/. Last accessed Feb 2nd 2014.
As compensation they charge a fee for this agreement. Agent and Brokers also differ from a merchant wholesaler because they do not own goods and services that they buy and sell. Agents works closely with buyers and sellers with more lasting businesses (Kotler & Keller, 2012). An example of an agent with this representation is a real estate agent who enters into a contract to sell a house or business to a consumer. The relationship exists until the need is met and at this point the agent collects a pre-determined