I'm still in highschool just researching about careers and majors and I would like to know the basics of Real Estate. - The different careers within the real estate business and how they work.- The ranges of income.- The important skills you will require to be excellent at the business.- Is it worth it?-The up and down side about the business.- Is it an enjoyable job?- Also can you confirm that through practice you can be great at it?-Any other information or advice would be great. - Thankyou very much~
In first place being in High School try to concentrate in your studies and that is the best for now. Real Estate is a vast business with various ranges and you will come across automatically when you are qualified professional , try to do Civil Engineering it will help you more.
Here is a link to the US Department of Labor/Occupational Outlook Handbook. It won't answer all your questions, but it's a great place to start because it has tons of information including qualifications, salaries, outlooks, etc.
Here's the short set of answers from what I think of real estate, being that I've been a Realtor for 7 years now: -some are Realtor, lender, appraiser, insurance agent, title officer. There are more, but these are the major ones. -income varies greatly based on where you live and how hard you work. Average Realtor income was around $35,000 in 2006, but in areas where the home prices are higher, you should do much better. If you can sell 12 houses a year, at an average of $200K per house, you should make approximately $72,000 per year. Not too hard a goal. -you will definitely need sales and interpersonal skills. Math helps quite a bit, also, for figuring out net sheets and payments. -Is it worth it? I love what I do. Wouldn't trade it for anything. Then again, with my schtick, I get to wear Hawaiian Shirts every day (in Colorado) and I make well over 6 figures a year. -up sides, you get to do what you want, when you want. There's no one to blame if you don't make it, but there's no one to compensate when you make good decisions. Down side, income comes and goes. You have to budget for the slow times or you will go down the drain quickly. -Very enjoyable career. -yes, though practice you can get very good at it. You can't expect to come out of the gate in these careers and be excellent, but some do. -only piece of advice I can say is to put all you have into it if you go into real estate, don't go half-assed, as you won't do well. Make sure EVERYONE you know and come into contact with knows that you're a Realtor.
