http://www.arec.alabama.gov/

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Mission statement

This is an informative blog on real estate and business in relation to real estate. The views, opinions, and conclusions expressed in this page are those of the author or organization and not necessarily those of The University of Alabama or its officers and trustees. The content of this page has not been reviewed or approved by the University of Alabama, and the author or organization is solely responsible for its content.

What’s new

Many thing in the real estate industry have stayed the same and many have changed. The age of the average real estate salesman has risen due to the fact that one must invest money back into their investments for their business so after a few years younger brokers tend to get out of the expensive business. Consumers expectations are higher, people just tend to expect more out of everything in daily life, this includes the real estate market. It is a competition consumer want more price cuts any incentive to make the deal better. With the industry changing or staying the same one thing is certain real estate is all about salesmanship.

Brokers license

There are a few pre-requisites to obtaining a real estate brokers license. One has to have held a sales person license in any state for at least two years within the first three years of obtaining their real estate license. Having a brokers license is the next step above the regular real estate license. The brokers name is the one that is list with the property. The agent works for the broker dealing with the client or home owner or the broker can choose to handle it herself.

Real estate licensing

A real estate license can be earned through about 6 weeks of courses. There are prep course to prepare for the state exam to test for the license. Approval from the TREC must be received to take the exam and a score of 70% or higher to receive the license. The license then is mailed to the sponsoring broker or is held until you have a sponsoring broker. A mandatory three 30 hour course must be completed by the second year of obtaining the license.

NAR statistics

March sales have shown a decrease from the previous months sales by 0.2% and 7.5% from March of 2013.
The West region has shown the biggest growth in prices gaining 12.6% in the last year. With the smallest increase in prices the Northeast region had only 3.2% increase within the last year. Having sales down once again this month makes a decline for two months straight.

Quote …

Quote

“In the real estate business you learn more about people, and you learn more about community issues, you learn more about life, you learn more about the impact of government, probably than any other profession that I know of.”

-Johnny Isakson

Real estate business is constantly a learning process with the market constantly changing. Changing approaches on how to be successful is just part of the business.