Question:

Can I get into real estate at 18?

Am I too young to start business as a real estate agent? I know a local place where I can take a course to become an agent and everything. If I like it, I'd like to become a broker eventually. Is it necessary that I have a college degree to do well? (2 or 4 year and what kind) Thanks.

Answer:

YES! As long as you haven't gotten any criminal convictions under your belt, that is. No felonies on your record. A degree isn't required, but if you plan on going into investing, or dealing with a lot of commercial transactions, some extra education along that line can only help you. To become a broker (at least in NY) you must have had your salesperson's license for at least 1 year..making you AT LEAST 19 years of age before taking the course/exams. This (in NY) is soon to change to TWO years of salesperson licensing before becoming a broker, making the age to become a broker 20. My best advice to you is to be a salesperson for quite some time before branching out. That way, you'll be better prepared to take on the heavy responsibilities of being a broker
Education can only help. There are so many real estate agents in the world without a college education, and in many cases, it really shows. If you truly want to stand out and be successful in any business, it's important to have a strong understanding of business. If you don't want to go after a 4 year business degree, at least take as many classes at a Jr or Community college as you can. Really, this will make the difference out of being just another agent with no business, sales or interpersonal skills or being a mega agent that is well rounded and well educated to negotiate deals using other people's money!! Good luck.
yes you can become a real estate agent and a broker and do not need to have any college.. most don't even need a back -ground check. This would be a good time to be an agent because the market is not good and you would have time to learn the business and take classes (if you can afford to live without a paycheck) Start out at a company like Coldwell banker because they have classes FOR you and cost nothing. There are many costs in RE,, like licenses, E&O insurance, continuing education, advertising, signs, computers, faxes, copiers for home, must have maximum insurance coverage on your car to cover riders, etc etc.. To become a broker (in alot of states) you just need to answer 10 or 20 more questions on the real estate test and that's it.. In the beginning, you will have to expect to work hard and long hours to build up a clientel though, Good Luck!! In the long run, it's worth the effort if that's what you want..I was one before I retired.
Necessary Skills Real estate employers are looking for people with a combination of strong deal-making and interpersonal skills. The skills involved include: People skills: High Sales skills: Very High Communication skills: High Analytical skills: Medium Ability to synthesize: Low Creative ability: Medium Initiative: High Work hours: 20-70/week Real Estate Career and Job Overview In the United States Alone there are currently 5 million plus individuals working in the various parts of the real estate industry, including mortgage banking, construction, title insurance, appraising, property management, brokerage and leasing, and real estate development. In addition to that number are the thousands of people working as commercial banking lenders, corporate real estate agents, savings and loan officers, and insurance companies who aren’t officially part of the real estate industry. Because real estate serves as a guarantee for mortgages and the foundation for mass amounts of capital, more than 33% of global financial assets are connected to real estate. Real estate is an exciting and essential part of the global society. Those who work in real estate provide a service that affects each of our lives, and they contribute to development that will impact society for generations. A career in the dynamic field of real estate will provide fulfilling opportunities to stretch your abilities and expand your experience. No Wrong Way to Get into the Business If you want to get into real estate, there are a lot of ways to do it. If you want to become a real estate agent, you first have to earn your real estate license, and then you have to sign on with a brokerage. But if you’re more interested in analysis and property acquisition, you’ll need a graduate degree focused in real estate. Then you can put your skills to use at a large property management firm. Corporate real estate departments, governments, and banks also employ real estate specialists

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