Whether you’re a new student at Key Realty Las Vegas or you’re a licensed agent looking to advance your career, continued education does more then just give you knowledge. An advanced degree in real estate, business management or finance also gives your clients more confidence in your abilities and authority.
The requirements for taking the real estate exam will license you to sell real estate legally in your state, but that 90 hours of classroom time won’t really prepare you for success. That will take getting some experience under your belt and increasing your knowledge, which is why almost every state requires real estate agents to work under a licensed broker.
Once you’re licensed, you have several options for a career path, including going forward to get a broker’s license and opening your own agency. But, your education doesn’t have to end there. Many real estate schools have programs for continued education, as do community colleges and four-year institutions.
Although it isn’t necessary for a real estate career, you may consider a four-year degree in real estate. There are also Associate’s or Master’s degrees and PhD programs the specialize in real estate. If you decide to pursue a Bachelor’s degree program, you can expect to learn more about your post-graduation career options, including;
– Property manager
– Marketing consultant
– Real estate investor
– Real estate appraiser
Bachelor’s programs cover a wider range of topics that aren’t directly related to the principles of sales and marketing. In addition to your core subjects like English, maths and real estate sales and marketing, you’ll learn about:
Mortgage-backed securities and markets – these are investments that are backed by mortgages. They can be traded on the secondary market, and are the best way to invest in real estate without actually buying a property. It’s called a derivative investment because it’s value is derived from the value of the value of the primary asset, which is the home,land or commercial property.
Urban planning – the laws and logistics surrounding land management and use, both residential and commercial. It includes the form of a development as well as the social, economic and political implications of the location and activities within it. Architecture and engineering also play a part in urban development.
Real estate development – the laws and logistics of construction or renovating property. This includes procuring land and permits, deciding on how the land should be used, hiring contractors and subcontractors. It also involves sales, leasing, marketing and branding of existing or pending projects at every phase.
Financial institutions – companies that are in the business of providing financial services to other business and individuals. They’re involved in lending, deposits, investments and currency exchange, and are highly regulated. Banks aren’t the only financial institutions, though they’re the most commonly known and used. Included under the FI umbrella are brokerage firms, investment companies, trust companies and insurance agencies.
Real estate can be a very lucrative career, but it’s also very competitive. Your goal is to offer your clients a level of knowledge and skill that they can’t get with another Realtor or brokerage. Combined with your natural sales ability and people skills, you’ll be at the top of your profession in no time.