How do I become a real estate agent in Colorado?

I took a real estate course for Century 21 in California. I took and passed my principals test, and got as far as making an appointment for the state test. But did not go.

Anyhow, I am in Colorado now and would like to know how to become a realtor here. Do I have to go back to school or is there another way?

Thanks.

Most likely you will need to do as you did before but this time follow through. I too, went to my local Century 21 office, went through their course. Took the principals, studied real hard and took the state exam. This time, go to your test and pass it. Even if you were a realtor in Ca and wanted to move to Co, you would have to do the same thing. The one great thing about it is that you already know what you need to know to make it an easy transition. Other than the principals, that is about all the school you will need. Just study hard and get it. Real Estate always needs good agents.

How to become a Real Estate Agent and succeed at it?

I want to become a real estate agent. I know it is a bad economy but people still need house. What are some good states in need of people needing houses and what does it take to be a real estate agent. Thanks.

You must be trustworthy because you will have keys to strangers' houses. You must be upbeat in personality because there will be many disappointments. You must be punctual since people will be relying on you.

You will take people out looking at homes for sale. They will choose one and make an offer. You will write the offer. If it is accepted, you will hand them the keys in 30 days. They will tell all their friends about how nice you were. The friends will buy houses.

There is no state where sales are great. Stay where you are and get to work.

If this is your want, then study, learn and earn your license. Then get out there and beat the streets, get those clients and keep the paper rolling. Real Estate is not a 30 day business, rather in a normal market (which this is not), real estate is a 90 day business. As far as which states, any will do, but destination places (where people want to move to) will serve you best. Remember your license is specific to the state you take it in, so do your homework and pick your destination area. The competition is tough so you will need to keep at it. Have on hand 6-12 months of reserves to survive.

I'm not sure what area your in... but I'm in Los Angeles and I can tell you that the market is BOOMING! I've heard from many other investor/realtor friends of mine in other states that real estate is picking up a lot as well.

First advice, NEVER listen to the media about how bad the economy or housing market is. Guess what? In the worst real estate market I knew agents making 6 figures. In the best market I still knew agents who were making nothing. Economy is in the mind... and if you can't get over that you can't succeed.

Second advice, if you haven't done so already, start taking real estate courses from you local community college or real estate schools to prepare yourself for the exam. Set yourself up to get a license.

Third advice. SAVE your money! Being a realtor isn't cheap. There are board fees, mls fees, marketing costs, printing cost... this is a business so you should treat it as such. You'll need to market yourself to your community.

Fourth advice. Make sure the company you choose offers good training.

try a few of the Web 2.0 techniques that John Schroeder put together. He's giving away free copies for the next few weeks. 97 pages of Real Estate marketing tips for the online world. 26 easy to implement techniques for Real Estate Investors and Agents alike.

I found a few things that I did not know and a few that I could tweak to make more money.

Being a real estate agent is a very public job, so the very first thing you should know is that you will not get business from the 60% of all households who have pets when you advertise yourself as a Michael Vick fan.

How can I find a good real estate agent in Pittsburgh?

I'm looking to move back to my hometown of Pittsburgh and need to find a real estate agent. Where should I look? I need someone patient and ethical as I do not have a large down payment to work with.

There are several ways to find a good agent in your hometown.......The first thing you need to understand is that it does not matter how much money you have as a down payment in order to get an agent that is patient and ethical. You will have to decide if the agent that you are dealing with has those qualities.

Here are a couple ways;

Go to your hometown and walk through some real estate doors.

If you can't go to your hometown first, then get on the phone and call at least three offices and speak with the agent on duty. Ask for listings to be emailed to you and then sit back and see who comes through and the differences that comes with the same search perimeters. After having the information sent to you over a period of time, then you will be able to see which agent fits your needs best. If you don't think that any of the agents are a good fit to you, then keep looking. That agent is out there. Good luck, and happy house hunting!

Joe -

Contact several mortgage lenders in the area and explain your situation. They work with real estate agents all day and know who is pleasant to work with and who is a pain. Some agents specialize in working with buyers and can help make the transaction go smoothly for you. You will also know after talking to several lenders which one of them you would like to work with. Also, talk with your friends and family there - if they have purchased recently, they should know of a good agent.

There is no ultimate answer, however, do your own private research. strall the city, look around and notice who are the players in the area. go to their websites, search for testimonials and done deals. visit them personally (this should give you a lot), try to contact their actual and recent clients. thats the best way to get reliable info from more sources!

Why is it that a Real Estate Mogul never becomes the richest man on Earth?

Real Estate is always one of the MOST profitable business in town. During recessions real estate is doing bad, however otherwise, if you know how to do it, then it is very profitable. So why don't we ever see a real estate mogul become the richest man?

In the past most people became rich by owning and controlling natural resources. But thats been changing for a few decades. Many have become rich by owning the rights to intangible assets.

The Richest men in the world will ALWAYS ALWAYS ALWAYS be people who own corporations or are in somekind of business management of assets like Warren Buffett. Bill Gates started Microsoft of course. Another great name that comes to mind is Rockefeller who owned Standard Oil. Real Esate is profitable there is just no 5 billion dollar house you can buy and make money on. However, you can easily buy 500 billion in any stock if you have resources and your business can thrive as long as you have customers.

How do real estate agencies keep track of their property signs?

I'm seventeen years old and have just been hired by a real estate agency to create a simple system to keep track of their property signs. If you have any experience in real estate your help would be greatly appreciated. I'm thinking about numbering all the signs with a sticker or something.

Where I am they have third party services. Those things are big, bulkly, and require a post hole digger to put up. most agents are not inclined to either store or post their own signs.

Normally a real estate agent has a contractor put up and take down their signs.

Therefore when a property is listed by a real estate agent this agent would call the contractor they hired, give them an address and tell them to place a sign on the property.

The same applies once the property is sold again the real estate agent call the contractor to take the sign down.

There might be times when the real estate agent might forget to have a sign taken down. One call from the new buyer normally would solve this problem.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

I engrave a number on my signs and lock boxes and I keep a database with properties listed by address, I include which sign, and lock box is at each property and if it has a box for fliers and what riders are attached. This way I can quickly look and see how many signs, lock boxes,riders, etc. are available.

each agent owns their signs and is responsible for them. they cost about $70 so agents are pretty good about keeping track of them.

the MLS. every listing will have a sign ans a lock box

How do you know if you can claim Real Estate Professional?

I don't want to get audited by the IRS but I hear that Real Estate Professional - non passive activity is a big issue - can you tell me what the IRS will question and look for if I claim Real Estate Professional, do they require anything when you are audited? Please advise. Any help will be great!

They will want to see that you are licensed by the state in which you are practicing and that you are actively involved with what ever activity you have claimed to be non-passive. What decisions do you make and at what frequency.

I believe that there are two limits that you must meet to be considered a "Real Estate Professional".

1) You must spend at least 750 hours per year in real estate activities; and,

2) You must spend at least as much time in real estate activities as you do in any other income producing activity. If you already have a full-time job, this one is next to impossible to meet.

Someone I know is being audited by the IRS for just this reason. His CPA in California either ignored or forgot about the passive loss limitation rule and he claimed a substantial loss over the past few years. My aquintance is a doctor so he is well over $150k income limit for claiming any losses. He will have to get out his checkbook. As you see, this is something the IRS does check on.

You took the courses , passed the certification tests and have the license from the state .

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How do I start a real estate fund with friends?

I want to start a legitimate fund that will allow me and my friends and family to put money together and invest it in real estate. How can i set that up. I want it to be on paper so noone has to worry about loosing their money.

Set up a LLC corporation, this is a limited liability corporation.

Contact your accountant regarding this is a very good way to start your real estate investment, and setting up can be done on-line and very affordable

I would consult with a real estate lawyer & see if he/she can help you.

Having said that, I would never mix family, friends & investing. This sounds like a big headach, if not a disaster in the making.