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What to study to be a real estate agent?

POR Hispanic Entrepreneurs • July 09, 2022

Within this profession you need many skills and knowledge from various areas to develop a successful career. Although it is not a requirement to have a university degree, it is good to know what to study to be a real estate agent. This training will help you be more effective.

En Hispanic Entrepreneurs We put together a list of courses that will benefit your career as a real estate agent. To understand why you should consider them, keep in mind that the race is more complex than it seems.

During your work you have to know how to calculate the value of a property, promote them, negotiate with buyers and owners, make calculations, among other tasks. While the required courses to become an agent will teach you the basics, it will be a smart move to deepen your knowledge in those areas.

Requirements to be a real estate advisor

First, let's review which are the requirements to be a real estate consultant.

The minimum required education requirement is to have a high school degree or equivalent. You must be 18 years or older and be a US citizen or have legal residence.

If you comply with the above, you can start the process to become a real estate advisor. The steps are very similar in all states. The main difference between them lies in the training time required to obtain the license.

For example, California requires applicants to do 135 hours of training before applying for a license; while in Tennessee it is 90 hours (60 before presenting the tests and 30 for the new affiliate course).

In summary, the steps to be taken would be the following:

Once you complete these steps, you can start working as a real estate consultant.

We invite you to see the interview with Geraldine Franco, a real estate agent, who tells us about his experience. Here you will find more detailed information about the process.

What to study to be a real estate agent?

There are several careers that will come in handy if you decide to become a real estate agent. Remember that from the moment a property is put on the market to sell or rent, until an agreement is reached, there are many tasks involved.

For that reason, expanding your knowledge base should be one of your priorities. Delving into any of these areas will allow you to stand out among other agents when joining a brokerage.

Here are some studies that will be useful to you as a real estate agent.

Human Resources

The skills provided by this degree include people management, business ethics, conflict resolution, among others. As an agent, this will help you better handle negotiations and achieve a meeting point between the seller and the buyer.

Also, if you decide to become a real estate broker later, it will also help you manage your team.

Business Administration

As a business administrator you will learn about finance, marketing, accounting, time management, resource management. And above all, you will acquire leadership skills.

The business administration degree includes areas that will be of great use to you in dealing with owners and buyers. You will be able to communicate better with both of them and increase your negotiation skills.

Finance

Buying and selling a home involves significant financial transactions. You must be aware that you will be working in this area constantly, so educating yourself in the area will ease your path as a real estate agent.

You will learn about financial strategies, markets, investment principles, economics, and more.

As an agent it will be a great advantage that you know how to predict trends in the real estate market. Experience will give you knowledge, but training in the area will give you more arguments to support your conclusions.

On a personal level, these studies will help you manage your own finances. Remember that by working with a brokerage you will earn commissions and you will not have a fixed monthly income. So, you can make calculations of your income per transaction and future.

Photography

Maybe when you are finding out how to work in real estate don't imagine how knowing photography will help you. However, knowing how to take good photos of the properties can be key.

A good image can make the difference between attracting a customer or not. When you learn photography you know the importance of lighting, angles, framing, and many technical data that are otherwise overlooked. Besides, you will not only learn to take photos, but to edit them well.

You can always hire a photographer to take care of the images. In fact, this is the best if you don't know photography. But you could do it yourself with the necessary knowledge in this area.

There are other careers to study to be a real estate agent that will be of use to you. Digital marketing, accounting, construction management and more. Each offers you additional skills to what you must have as an agent.