Right now, the world is stuck in a waiting mode. COVID-19 cases go down in some areas, only to rise dramatically in others. It feels like nothing will ever be normal again.
Although this uncertainty might lead you to avoid thinking about the future, now is the perfect time to get your real estate license. Analysts predict that sellers will start putting homes on the market in 2021, and low-interest rates are bound to get more buyers into the game. If you've been thinking about a career in real estate, this is a great time to take the first crucial steps.
Why Get Your Real Estate License?
The simple answer is you can't legally assist clients in buying or selling real estate without it. If you want to be a real estate agent, you'll need a license.
Beyond that, real estate sales is a good career choice for individuals who
Enjoy a job where they can move between different tasks.
Want to set their own hours and are able to work weekends and evenings.
Have excellent critical thinking skills.
Enjoy statistics and research.
The immediate road ahead is bound to be rocky for new agents as the nation continues to struggle with the recession brought on by COVID-19. But real estate always suffers ups and downs. It's good to be aware of that from the onset and have a solid plan to build your client base from the ground up.
Things to Consider When Choosing a Real Estate School
No matter where in the United States you live, you need to take real estate classes. Most states require two sections of pre-licensing courses. One focuses on real estate fundamentals at the national level, and another details state rules and regulations. Moreover, to renew your license, you must also take continuing education courses.
To be successful, you want to look for real estate schools developed by experts in the state where you want to buy and sell real estate. Otherwise, you could miss questions on the licensing exam or lack fundamental knowledge once you enter the field. Endorsements from top-producing real estate agents are another plus.
A final consideration when choosing a real estate school is whether its pre-licensing and continuing education courses are approved by the licensing body for your state. For example, in Texas, the Texas Real Estate Commission (TREC) approves real estate licenses. Always check to see if the real estate school you're thinking of using has this most important seal of approval.
Online vs. In-Person
In normal times, both online and in-person schooling have advantages. Taking your pre-licensing courses at the local community college, for instance, gives people who don't manage their time well a place to be and the morale boost of being surrounded by engaged fellow students. There are things to consider, however, during this pandemic.
"Even though the cases are low here, we're trying to be extremely cautious and adhere to the recommendations put forth by our governor," said real estate broker Jane Daniels, with Compass Point Real Estate in Blue Hill, Maine. "All the brokers here are doing continuing education courses online, and we would recommend the online option for anyone starting out."
Even once the pandemic is behind Americans, online real estate school has real advantages. You have the flexibility to go at your own pace. Cost is also a consideration. Online schools tend to be a good deal less expensive than in-person counterparts. And they are the perfect solution for people who don't live close to an in-person location or are balancing a full-time job while getting their real estate license.