Hello,I am a college student majoring in accounting and I have found that I have a lot of free time. I was wondering if getting a real estate license would be worth the time. I am not exactly sure what I could use it for, but I was just thinking that even if I don't necessarily go into the field, that some of the information could be just useful in general. I was also looking to try and make some money through this venture, but as a full time student, I wouldn't be able to devote too much time to it.Thanks!
Each state makes their possess legislation for licensing any reputable, adding truly property sellers. Most require a experiment, and few if any waive the experiment for out of state licenseholders. I'm now not certain if any require a path in any respect, even for first timers. I can let you know that the publications are designed to let you know the matters you have got to recognize to go that are issues of legislation, now not always usual experience, so one can generally tend to differ from state to state. For instance: Does the state require you to pay a purchaser curiosity at the deposit/earnest cash? Is it permissible to symbolize each the Buyer and the Seller? If so, what ought to you do to end up proficient consent of each? What is the minimal period of time you ought to placed into the agreement for the purchaser to receive a certified dwelling inspector? Must you set any in any respect? Are hubbard clauses authorized? Is the agreement legally binding with out earnest cash? Take the path.
If you want the knowledge, many universities and colleges offer real estate courses and diplomas or even night courses. Also, real estate boards (depending on which ones) allow people to audit their courses for members at a fee per course if you're interested in it. Doing this on the side as a student is not worthwhile (being an agent that is). Why? Because licensing alone is very expensive due to all the mandatory courses you have to take. Then there's the actual licensing exam and then the monthly fees you pay a brokerage to park your license there. Even if you're not actually selling but want to say next week or on a whim, you'll need to have your license parked with a brokerage and they don't let you do this for free or at a discount (unless you find a cheap brokerage). Also, you're required to take courses every cycle (for my board it's every 2 years) and update yourself on issues such as condo laws, legal updates, etc. So as a full time student, licensing is most likely not for you especially if you're only going to leave it for a just in case. Auditing courses or even taking night courses might be better and less expensive but still give you a basic understanding of real estate.
