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The Real Estate Profession is filled with exciting opportunities
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- Earn a good living, achieve financial independance
- Meet interesting people and help them achieve their dreams
- Flexible hours in your own business
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What are the careers in Real Estate?
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- Residential Sales
- Commercial Sales
- Property Management
- Appraisal
- Subdivision and Development
- Consulting
- Education & Training
- Real Estate Finance
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Is A Real Estate Career Right For You?
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Can you adapt to changes quickly? You need to adapt quickly in real estate. Anything can happen when you're working with buyers and sellers. You will handle many changes every day. Real Estate professionals must routinely deal with set-backs and challenges as well as successes.
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Basic math skills are required: Multiplication, division, fractions, percentages. You will need to measure structures and land, compute the market value of property and assist in arranging mortgage financing.
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The ability to organize your personal life while you conduct business is important. You will market listings, show properties to buyers negotiate contracts, and close transactions on a daily basis. You need to be adept at juggling several tasks effortlessly to succeed.
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- How do you feel about research?
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You will learn to locate, read and understand legal documents concerning property ownership and mortgages.
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- How are you at solving problems?
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An ability to address problems and arrive at a practical, negotiated solution is important in the listing and selling of real estate. The success of a real estate transaction hinges on the Real Estate Practioner's ability to negotiate the conflicting interests of the parties involved.
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- Are you comfortable with technology?
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Computers are critical to the real estaet industry. The ability to use a computer and a familiarity with email are necessary skills. Your long term success is directly tied to your willingness to embrace new advances in technology.
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The ability to negotiate is important in any real estate transaction. Real Estae Practioners are routinely called upon to negotiate on behalf of the buyer or seller to arrive at mutually agreeable terms.
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Real Estate success often depends on askig the right question at the right time. You will need to learn the interview sellers and buyers to determine their wants, needs and montivations.
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Establishing rapoort is the hallmark of the real estate profession. Practioners must establish a level of trust with buyers and seller. Rapport involves respect and good communication skills.
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Do I have what it takes to succeed?
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The real estate business is not for everyone. Successful practioners are self-starters, motivated, goal oriented and persistent. They handle rejection well. Consider the following:
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- There are initial costs involved in licensing, dues, fees equipment and insurance.
- Do I have savings or an alternate source of income that will allow me to wait several months before my first check?
- Do I have a wardrobe adequate to begin my new career?
- Do I have a presentable car available on a daily basis?
- Can I balance my real estate schedule with my family committments?
- Is my family supportive of my career decision?
- Do I and my family understand the unpredictable nature of the business?
- Is my health and energy level adequate for the demands of the profession?
- Do I have personal problems or committments tha might interfere with my career goals?
- Do I have a timetable to transition into my Real Estae career?
- Will I be thoroughly committed, self-motiveated and dedicated to my new career?
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Still interested? Read on!
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What can I expect to earn?
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As a Real Estate practioner you are an independant business person. Your earning potential is directly related to your motivation to build your own business. According to statistics the median gross income for a real estate salesperson is $34,000 and $74,000 for a broker (from Salary.com)
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The Real Estate profession in Illinois is regulated by state law and administered by the Illinois Department of Professional Regulation.
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Basic requirements for Sales licensing
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- 21 Years of Age
- High School Diploma or GED
- 90 Hours of Real Estate education
- 2 Classes
- Class 1 75 hrs: live, online, or home study
- Class 2 15 hrs: live class
- Pass the School tests
- Pass the State Exam
- Find a Sponsoring Broker
- Apply for the license
- Start you Sponsoring Broker's Training
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