Question:

A College Degree and Real Estate?

Is is best to have some sort of college degree when getting into real estate (especially when going for a broker's license)??

Answer:

A majority of people in real estate don't make a lot of money. In CA, the average is 25K a year, but for many it's way less. If you're going to invest the money into a college degree, I would pick something with a future and higher pay.
You don't need a degree for real estate, but you might want a degree if you decide to do something else in your life later. Rather than throw your life into one basket (and the real estate market is quite dismal now), why not get an education so you have many more doors open no matter what you decide. You could probably even do real estate on the side while you are in school if you need the money now!
I agree with the first poster, other then I think 25K is way high. The national average is less then 10K. The most important thing in Real Estate is sales. I use to teach a training class and we used an example. I take the top mortgage, real estate agent, car sales person and air conditioner sales. We switch their jobs. Doesnt matter. Put any in any position they will still be at the top. Nobody will check your degree. I started my first mortgage company when I was 22. At the time I was 23 I had 65 employees. A degree didnt mean a damn thing. I wish the best for you and your future, but in sales nobody checks your degree, they check what you can put on the board. To give you an example when I hired people to do mortgages for a top bank or sell real estate. I didnt go to colleges. I went to those idiots that sell perfume in a parking lot. Those people can sell. If they are willing to do that to make a buck, I can teach them how to do real estate or mortgages. Teaching sales is another thing. Good luck and email me if you have any questions.
it is good to have a solid income from another source when getting into real estate as it takes time to build a reputation and clientele ... time and hard work will get you far in real estate ... but you can't do anything about that initial time factor ...

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