In the wake of the housing crisis, major restrictions were put into
place in order to stop the bleeding and halt any more risky loans from
entering the market. Five years since the disaster and the country is
still slowly recovering.
Now, in an effort to attract
investors back into the mortgage lending arena, the U.S. government is
ready to breathe life back into the real estate market by loosening
restrictions. As a result, this will allow new qualified homebuyers, who
have been sidelined under current restrictions, to now enter the
These new mortgage rules are being talked over
by six of the main regulatory agencies, including Fannie Mae and
Freddie Mac. These new rules will loosen government restrictions and
allow loans to flow more freely again to qualified homebuyers which
should attract more private investors to the industry – providing a
spark to the market. Wells Fargo and several other big lenders have
already lowered the credit score requirements to help jump start the
What does this mean for the real estate market?
is major news for a real estate industry that has been struggling to
get its legs back ever since 2008. With new lifeblood being pumped back
into the market, the real estate industry should see a nice bump in home
sales and jobs within the industry.
especially true for real estate agents, brokers and mortgage loan
originators. These jobs dropped to record low numbers after the bottom
fell out of the market. But now real estate agents, brokers and MLO’s
can finally get excited to get back to work.
estimated that the new regulations will add over 12.5 million borrowers
to the lending pool according to a recent Moody report. With these new
rules in place, more jobs should become available within the housing
market - hopefully adding an underlying stability to the real estate
industry once again.
Looking for a career in real estate? Get your real estate training online with Allied Real Estate Schools. Call 800.617.3513.
SOURCE: Furman, Jason.
"White House: New policy will help home buyers." CNN Money. 5.21.14
So you've decided you want to start a career in real estate and need to determine the right path. Choosing your career path is one of the most important decisions you have to make in life so make sure you do your research before jumping into anything. The past decade was a roller coaster ride of madness for home prices with record highs followed by bottoming out lows throughout most of the country. Things have finally started to stabilize and more people are looking to real estate once again as a safe way to make a living. If you’re curious about starting a real estate career, here’s a little crash course on the difference between brokers and agents – find out which position is right for you.
The Difference Between A Real Estate Agent, Broker and Salesperson:
Real Estate Agent (Salesperson). The terms real estate agent and real estate salesperson are one in the same. Real estate agents are licensed salespersons who work for real estate brokers. Real estate agents are trained to help someone find a new home, sell a home or rent a property. According to the Bureau of Labor Statistics Real Estate Agents made an average wage of $18.82 an hour in 2012. But the ceiling can be limitless depending on how good the agent is – the top 10% of agents pulled in an average of over $45.00/hr in the field.
Real Estate Broker. Real Estate Brokers are their own bosses. So if this is something that you strive for, working your way up to becoming a broker could be the right path for you. Brokers can also have real estate agents working for them as well, so having good people and management skills is a huge plus if you are going to succeed as a real estate broker. According to the Bureau of Labor Statistics, Real Estate Brokers made an hourly wage of $28.05 in 2012. The highest 10% of wage earners made over $85.00 an hour. So needless to say, brokers that are good at what they do make a comfortable living. And with the real estate industry starting an uptrend, now is as good as time as any to get in on the action.
How To Become A Real Estate Broker Or Sales Agent
Back in the day you would have to attend a brick and mortar class at a local community college or real estate school to get your license. Today, you can just take all your pre-exam coursework online to prepare for the state exam! All states require you to take a certain number of hours before you can take the exam, so being able to fulfill this requirement online has become a great resource for prospective real estate agents and brokers. Furthermore, brokers have a new education requirement which calls for them to have a college degree. To find out what your exact state education requirements are, talk to your state agency for complete details.
There are a lot of schools out there that offer real estate courses online and in-class, make sure they are state approved and accredited before signing up for any classes. The great part about Allied Real Estate School, is that it is an accredited online real estate school. Speak to an admissions representative for more information on becoming a real estate salesperson or broker. Get started TODAY by calling (800) 617-3513.
Labels: become a real estate agent, real estate broker, real estate broker career
Texas is one of the fastest growing states in the nation. It’s
one of the few states that handled the Great Recession without a major fallout.
In fact, Texas’s population actually grew over the past decade due to fallout from
One major benefit, and a big reason why many people are
flocking to Texas, is because it’s a state without an income tax. This makes it
really appealing to businesses and homebuyers alike. And being this country’s 2nd
largest state, only behind Alaska, there’s plenty of room for growth.
According to the Bureau of Labor Statistics, the top 10% of
real estate agents make over $95,000 a year. And, the top 10% of real estate brokers
make over $176,000 a year.
Fast Growing Texas
Cities In 2014
Texas has four of the top 20 fastest growing cities in the
U.S. with Dallas, Houston, San Antonio and Austin area all hot spots in today’s
Austin has really blown up over the past decade and looks to
keep expanding through the next one. There is a hip artsy feel around this booming
community. Austin is a great area for singles and young couples that are
looking for a fun and lively area to plant their feet. The bigger cities like
Dallas and Houston are on pace for greater expansion in their metro and
surrounding areas as well. There doesn’t seem to be a slow down anytime soon in
this huge Texas market.
Requirements for Real Estate Licenses
To be eligible to apply for
the real estate salesperson license, you must meet the following criteria:
Be at least 18 years of age
Be a legal resident of Texas
Be a U.S. citizen (or lawfully admitted alien)
Steps to Becoming a
Texas Real Estate Agent
Before you can get your Texas real estate salesperson license,
there are a number of actions you need to take. First, you will have to take the
state requirements in education, which is currently 180 hours of core real
estate courses. After that, you will submit copies of your class results and
apply for your license. Next, you’ll submit your fingerprints and schedule an
online appointment with Morpho to complete your background check.
Once you’ve taken these steps, it’s time to take the state
exam. Good luck! Upon completion, you’ll have to find a sponsor in the field
with an active broker license. This is where you will get the real-world
experience you need to succeed as a real estate salesperson in Texas
you’ll be on your way to working independently in these thriving Texas markets!
Get Your Texas Real
So whether you are just starting out in real estate or are
looking to upgrade or renew your license, Allied Real Estate schools has what
you need to prepare for the Texas state exam. Call Allied now at (800) 617-3513
to get started on your education requirements and be on your way to become a Texas
real estate agent in The Lone Star State.
Labels: how to become a real estate agent in texas, Texas real estate agent, Texas Real Estate License
Who doesn’t want the American dream of owning a home? Your potential clients do, but you have to first reach your own dream to help them. With the market rising and interest rates low, now is the time to begin the licensing process through Allied and get a head start on your future.
- Start the licensing process for Real Estate, Broker, MLO or ALC.
- Flexible online courses allow you to study on your own schedule.
- Affordable tuition rates and interest-free payment plans put Allied’s real estate training into your hands without setting you back.
- This is more than a New Year’s goal - the sooner you begin learning, the sooner you can begin earning.
Plus, you will have the 20-plus years of education experience, national accreditation, superior student and educational support, and exceptional admissions representatives that Allied offers to help you get started. You’ll never be more prepared for a new career than you are now – ask Allied today about how to begin real estate school. Even if you are already studying with Allied, why not refer a friend who would enjoy working in the real estate industry?
Labels: accredited online real estate school, online real estate courses, online real estate training, real estate career, Real Estate School
As we have discussed over the past few months, times are good for real estate professionals and those looking to delve into the industry. Foreclosures are dropping, home prices are rising, and the career of a real estate agent was named as “Happiest Job in America
” for 2013. But that’s not the only positive news for current and future real estate agents: you can add value to your real estate business through some additional online learning at Allied. Here’s where to start:
1. Home Inspection
Most homes are required to have a home inspection prior to being sold. As a real estate salesperson, you work with home inspectors to make this happen. But why not become a home inspector yourself? By earning your home inspection license, you would be qualified to both inspect and sell a home, thereby adding value to your offerings as a real estate professional. Learn more about Allied’s Home Inspection Course
2. Appraisal License
In addition to having your real estate license, you could earn an appraisal license to boost your career. As a real estate appraiser, you get to evaluate property, obtain land values from county sources, estimate building costs using building valuation manuals, and prepare written descriptions of the properties to make estimates of their value. Our Appraisal License Package meets all of the AQB education requirements and provides you with a solid background of the home appraisal field.
3. Property Management
Why stop at selling, inspecting, and appraising when you can manage an entire residential or commercial property? Allied’s Property Management Course
prepares you to skillfully manage property. You will learn how to collect rent, arrange repairs, coordinate services for the property, manage accounting, and negotiate with tenants. Plus, you will also receive a one-year membership to the International Real Estate Institute (IREI) when you complete the program!
4. Notary Public
If you are on the lookout for an additional stream of income, look no further than becoming a Notary Public. In case you weren’t aware, Notary Publics evaluate and authenticate documents, including legal documents, divorce papers, wills, business agreements, and property deeds. It’s this latter category that is especially relevant to real estate professionals. The Notary Public Course at Allied is short (only 6 hours), simple, and no-brainer way to boost your career.
5. Real Estate Designations
As we have discussed before, we think real estate designations
are a fantastic way for real estate professionals to truly set themselves apart. At Allied, we offer four career-enhancing designations, including Short Sale Specialist, Contract Forms Specialist, E-Networking Specialist, and Green Specialist. Better serve your real estate clients by earning a distinct designation today!
For more information about Allied’s online real estate courses, please give us a call at (800) 617-3513
Labels: appraisal license courses, home inspection training, notary public training, online real estate classes, online real estate courses, property management training, real estate online
Did you hear? We recently updated our comprehensive Exam Cram DVD! Used in conjunction with Allied Real Estate Schools’ Online Exam Prep Questions, the Exam Cram DVD with Workbook
provides students with the confidence and knowledge that is needed to pass the California state licensing exam with ease.
Allied’s Exam Cram is an industry-leading exam prep product designed to benefit and support the online real estate student in pursuing their salesperson license or broker license. With our 20+ year history in online real estate license training, we think we have a pretty good grasp on what our students are in need of when it comes to their real estate education and future careers. The Exam Cram DVD with Workbook is proof of this.
WHAT IS IT?
Allied's California Real Estate Exam Cram DVD with Workbook tutorial is a review that helps prepare you for the California state licensing exam. It is structured into chapters that contain information and practice questions to reinforce your real estate knowledge. The DVD and Workbook tutorial are designed to be used together. When you take your Exam Cram tutorial, you should follow along in the workbook and take notes as the instructor goes through each topic.
WHAT IS IN IT?
The product includes four DVDs (a total of about 11 hours in length) and a workbook, divided into the following sections:
Getting Started: National
- Chapter 1: Property, Estates, and Ownership
- Chapter 2: Encumbrances and Transfer of Ownership
- Chapter 3: Contracts: The Basics
- Chapter 4: Agency Relationships
- Chapter 5: Real Estate Contracts
- Chapter 6: Disclosures in Real Estate
- Chapter 7: Escrow and Closing
- Chapter 8: Real Estate Finance: Loans
- Chapter 9: Real Estate Finance: Lending Institutions
- Chapter 10: Valuation and Appraisal
- Chapter 11: Land Use, Subdivisions, and Housing
- Chapter 12: Real Estate Brokerage
- Chapter 13: Real Estate Specialization
- MATH: Bonus Section
Getting Started: California
- Includes the same Chapters as National, but applies to CA Real Estate.
GET A BETTER IDEA OF EXAM CRAM WITH THIS VIDEO
For more information about Allied’s online real estate courses or the Exam Cram DVD, please give us a call at (800) 617-3513
Labels: CA real estate courses, CA real estate schools, CA real estate training, Exam Cram DVD, online ca real estate training
According to a CNNMoney article
, “sales of bank-owned properties last quarter hit their lowest level since early 2008, according to a new report.”
This is a positive sign that the real estate industry is getting healthier, and it’s an overall benefit to homeowners, local real estate markets, and real estate professionals. Here’s why:
- With fewer foreclosures, home prices will increase.
- Foreclosed homes “sell for about 30 percent less than the average home that is not in distress,” according to Daren Blomquist, VP of RealtyTrac, on WashingtonTimes.com.
- Foreclosed homes can negatively impact the price of non-foreclosed houses within the same neighborhood. Without as many, home prices in the neighborhood will likely rise.
- Homeowners that want to sell have greater control over the price they want to sell at. Home prices are rising and the incentive for short sales is decreasing.
article goes on to explain: “During the height of the foreclosure crisis in early 2009, 45% of all homes sold nationally were foreclosures.” According the RealtyTrac, that number was 21% in the first quarter of 2013, which is down from 25% a year ago.
At Allied, we certainly see this as another reason to start a career in real estate. But, overall, we’re just happy that the market is improving. It’s good for our local communities, businesses, and you. If you did want to hear a bit more about our online real estate program, you can start by checking out our real estate courses online
And, as always, you can always give us a call at (800) 617-3513
Follow me on on Google Plus
Labels: drop in foreclosures, foreclosures drop, online real estate courses, online real estate training, real estate growth, real estate training
With the rise of home prices
, increase in housing construction
, and the recent announcement that real estate agent is the happiest job for 2013
, the real estate industry has a strong and positive road ahead. Real estate salespeople, real estate appraisers, real estate brokers, construction companies, homeowners and home inspectors are benefiting from these positive changes.
To that latter point, in case you didn’t know, we offer home inspection training
. That’s right. At a mere $200 down with budget-friendly, interest-free payments, you can get a career started as a home inspector for a great price.
Plus, for a limited time:
The first 140 students to enroll in Allied’s Professional Home Inspection course or Home Inspection course will receive a complimentary book: the Consumer Guide to Home Energy Savings, 9th Edition!
With the Consumer Guide to Home Energy Savings, you will receive detailed tips on:
- Describing energy use characteristics
- Improving existing energy equipment
- Evaluating energy-efficiency
- Summarizing how much energy is expended
Take advantage of the real estate boom and enroll in Allied’s Home Inspection program today. For more information about our programs in your neck of the woods, go here
. As always, please give us a call if you have any questions or if you’d like to get started, at (800) 617-3513
Check me out on google plus
Labels: home energy savings, home inspection, home inspection careers, home inspection classes, home inspection training, home inspector careers, home inspector classes