Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 10 years ago

how to own your own real estate company?

How to Own Your own Real Estate Company?

I want to own my own real estate Company in the future , and i want o know the steps of doing that . Do i have to go to college, do i have to go business's class. Is there any classes for real estate in Georgia ? i want to know how to set up business's , how to develop my own real estate website , register my trademark , develop your own UFOC, and Even register your Franchise in the states . Can someone just tell me the steps for owning a real estate company ?

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  • 10 years ago
    Best Answer

    Do you want to be the managing broker of your own real estate company, or you simply want to own it while someone else is the managing broker? If you want to be the managing broker, you first need to be a real estate agent for at least 2 years (varies by state/province) before qualifying to take the broker license. Also, please note that you must be licensed in all fields in order for your brokerage to have agents who work in all fields (ie: property management, strata management, real estate trading). In other words, if you don't have a property management license and you're the managing broker, NONE of your REALTORS® in your office may do property management because you lack the license to do so. Essentially you as the managing broker are the umbrella for all your REALTORS® - anything you can do, they can do (if they have a license in that field). Anything you can't do, they can't do (even if they have a license in that field).

    You do not need to go to college or take any business class in order to become a broker or a REALTOR®, but it is recommended especially if you're running your own brokerage. It's also highly recommended to simply be a franchise of a brand already (ie: Remax, Century 21, Prudential) because of the general public's brand familiarity. You simply have to pay a franchise fee every month and charge your REALTORS® a franchise fee etc.

    Also, it's not hard to develop your own real estate website. Almost every REALTOR® has one because it's the easiest way to provide information and also get some new clients. To trademark, there's a federal trademark division that is in charge of it. They do a search for any name/slogan etc that you want to trademark and see if it's already trademarked. If it isn't, then you pay a fee to get it trademarked and then it becomes yours.

    Source(s): REALTOR®
  • Anonymous
    10 years ago

    what do you intend to do? just buy house and rent them out? you don't need to form a company to do that or a college education to be a landlord. I have a degree in Accounting - never took a real estate course in college - I Own 2 investment properties - I report them on my 1040 - no company - I taught myself by reading a lot, watching real estate shows on TV, etc., took a 60 hr home improvement night course at Tech High School - learned some basic carpentry and repair stuff - was able to build a roofed deck and put up siding myself at one of my rental properties

    if you mean be a real estate agent, anyone can become that after taking a couple of courses and passing the state license test, but you only get paid when you are involved in a house sale, so most new agents make very little money their first few years and 99.9% of them start by working for another broker, and continuing education is recommended

    you wouldn't be ready to go out on your own as a real estate for many years

    if you plan on any career related to business, a college degree is very helpful if not almost essential

  • hallan
    Lv 4
    3 years ago

    what do you desire to do? merely purchase abode and lease them out? you do no longer ought to type a business enterprise to try this or a college guidance to be a landlord. I also have a level in Accounting - under no circumstances took a actual assets direction in college - I very own 2 investment properties - I record them on my 1040 - no business enterprise - I taught myself by potential of examining lots, gazing actual assets shows on television, etc., took a 60 hr abode progression night direction at Tech extreme college - found out some uncomplicated carpentry and fix stuff - grew to become into waiting to construct a roofed deck and placed up siding myself at one among my apartment properties in case you mean be a actual assets agent, anybody can grow to be that once taking a pair of classes and passing the state license attempt, yet you in basic terms gets a commission once you're in touch in a house sale, so maximum new brokers make little or no funds their first few years and ninety 9.9% of them commence by potential of working for yet another broking provider, and persevering with guidance is cautioned you won't be waiting to pass out on your man or woman as a actual assets for some years in case you propose on any profession touching directly to business enterprise, a college degree is amazingly effective if no longer particularly much necessary

  • 10 years ago

    you just have to know what are the needs to have your own real estate company and master it. you can find them a lot here in internet, just use search engines... i hope you can find whatever it is that you need

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