The Real Estate Licensing Process

There is no doubt that a career in real estate can be very advantageous, as well as exciting. Of course, in order to obtain a career in this field, the first thing that you will need to do is go through the real estate licensing process. This does not need to be difficult, as long as you have a good idea of what it is that you will be facing. Here, we will take a closer look at some of the most important things that you should know when it comes to real estate licensing.One of the things that you may be wondering about is what type of requirements there are for you to be eligible for real estate licensing. For starters, you need to be of at least eighteen years of age. You also must have graduated from high school, or have obtained a degree of equivalency, such as a GED in order to go through the real estate licensing process. Before you can take the exam that is required for real estate licensing, the first thing that you will need to do is learn more about what other requirements your state has prior to the real estate licensing process.Most states will require you to take a course, or some form of training before you will be eligible to complete the real estate licensing exam. These types of real estate training courses are often offered by community colleges or real estate schools. You should be able to find one within your local area. It is important to make sure that you learn about all of the state requirements beforehand. Completing them is the first step of the real estate licensing process, as you cannot continue the process without these requirements.Once you have completed all of the requirements of your state, the next thing that you will need to do is find a test center which offers real estate licensing. The cost of this examination will vary according to where you live, but it is typically around a hundred dollars. Keep in mind that is necessary for you to get your real estate licensing done from the state that you are planning on working in. For example, if you are planning on working as a real estate agent in California, you would not want to get your real estate license in Washington.In order to prepare yourself for the real estate licensing examination, it is important to make sure that you look over all of the information that you learned in your real estate classes. It will also be very beneficial for you to buy a real estate licensing test kit, which will provide you with a good idea of what types of questions you can expect to see on the real examination.Keep in mind that if you do not pass your real estate licensing test the first time, it is quite okay. You will be able to take it again, but you will probably need to wait a certain period of time. Once you have actually passed the real estate licensing examination, you will be ready to find a job with a reputable real estate agency to work for. While you may have to spend money, time and hard work to get through the real estate licensing process, you will find that it is well worth it in the end.

Wholesaling Real Estate – Becoming A Real Estate Middleman – Part 2

In the first part of the real estate middleman series we went over the major benefits to being a real estate middleman. In part 2 of the series I am going to cover the basic differences between a real estate middleman and a typical house flipper.For quite a while now “flipping real estate” has been a major source for American entertainment, as well as the American dream. All of the cable TV shows made flipping real estate appear so easy. I know from experience that when I tell people that I flip houses about 50% tell me that they were thinking about doing that too. The problem is that most of the nation is heading into a real estate slump. Michigan has been in a real estate slump for a very long time so I am fairly used to dealing with slow real estate sales. In just the first 3 months of this year I cleared over $100,000 flipping homes. I do not say this to impress you, I say this to “impress upon you” that money can be made even in the slowest markets.Outside of flipping homes, I have made a lot of money this year as a real estate middleman. As our real estate market continues to slow, more and more of my business is coming from my profits of being a real estate middleman. Flipping properties the traditional way involves buying a piece of real estate below market value and then fixing it back up to sell for profit. This is great as long as the housing prices in your area are not plummeting while you are making repairs. But, as you know housing prices have been plummeting in many areas of our country, which is hanging the high profit house flippers out to dry.Real estate middlemen on the other hand have been continuing to profit regardless of market conditions. Easy profits are still available for the middlemen because they do not buy any homes that are not already sold. You see, as a real estate middleman I do not need to deal with the worries of a traditional property flipper, because I do not repair properties. I just find great deals on real estate, then find buyers who want great deals, and connect the dots for profit.