Which city, and state, has the best real estate market? I want to be a realtor next year. When I'm 18. But I want to do it right. I'm currently in college for a degree in business. Where is the best place to start at? I'm in Seattle, Washington. Is NY good? Texas? California? Washington DC? Please help. Also, what does it take to be a real estate agent? Can you just hop right into luxury real estate? Thank you.
Several major cities in Texas have good, stable real estate markets. You'll want to earn a Bachelor's in either Business or Finance to be successful in the real estate business. It's not a pre-requisite to obtain a license however it will be a good foundation. There are fast-track programs where you can earn your license in 3-6 months, or less. Once you have your license and work for a couple of years you are eligible to take the broker's exam, the educational pre-requisite is to hold a Bachelor's degree. As a broker you can hire agents to work under your broker's license and you'll collect a percentage of the commissions. No one hops right into the luxury market until they've closed many high-end property deals in the market area they are working in, and have developed a reputation that earns the respect of the clients they represent (or seek to represent). It's the way it is. Once you have your license, and want to really get your feet wet, borrow some cash and do a flip and list it yourself. Rinse and repeat. Obtain your broker's license and compete for HUD foreclosures to flip and build on your business. When the time is right look into commercial property development. Good luck.
