How to determine quality in a real estate school

Perhaps you have been wanting to change careers and have been contemplating joining the ranks of South Carolina agents who sell homes. It is an exciting goal that you may be able to achieve in six months of less. There will be an initial financial investment, of course, because you must pay tuition at a real estate school. You must also fulfill all state requirements for licensing, which includes completing a certain amount of education hours.

Once you have made the decision to go to real estate school, you then have to choose one and enroll. If you have no background in real estate, how are you supposed to be able to tell a good school from a bad one? In a perfect world, all schools would be top quality and you could take your pick. In reality, if you enroll in a school that is providing a substandard quality education, it could delay or impede your ability to get your license.

Go online to research the real estate school you have in mind

The internet is a valuable research tool that you can use to learn more about a real estate school before enrolling. Try to find a school's state rank. Also seek reviews from former students who have completed the program, or if they haven't finished, find out what their reasons were for dropping the program.

What is the passing rate at the real estate school?

If you are considering enrolling in a particular real estate school, it's a good idea to inquire about its pass rate, meaning what percentage of students go on to complete the program and pass their state exam. If a school's passing rate is low, it suggests that the quality of education being provided there is also low or that there isn't a strong support network in place for students.

Make sure that instructors are licensed brokers or agents

Always check into the professional backgrounds of the faculty who are currently serving the real estate school you have in mind for enrollment. You have the greatest chances of succeeding when your instructors have both curriculum knowledge as well as real-world experience in the real estate industry.

A school whose faculty members are themselves licensed brokers or sales agents is able to offer more than required information for licensing. Such instructors can mentor students and help them lay the groundwork for becoming profitable sales agents after they pass the state exam.

Scheduling flexibility is also a plus

You might want to avoid enrolling in a school whose scheduling options are too limited or rigid. A lot of people go to real estate school while working full-time jobs or raising a family. They need flexibility when scheduling classes. You might prefer taking online classes versus in person classes. Finding a school that fits your scheduling needs can increase your ability to accomplish your real estate goals.

Buying versus renting: 3 reasons it's best

As a sales agent, you're always going to be on the lookout for new leads. There's a niche that is often overlooked in the market, and that is ''renters,'' or, more specifically, ''renters who convert to buying.'' Inexperienced agents often miss opportunities when they fail to broach the topic of buying a home in conversation with someone who has been living as a tenant in a rental property.

There are several distinct differences between renting a home and owning one. As a sales agent, you'll always want to be prepared to have this discussion and to suggest reasons why in many cases buying a home might be a better option than renting one.

Buying a home is a long-term investment with benefits

While many tenants shy away from the idea of buying a home because it typically requires a down payment and a mortgage, there are benefits in the long run to owning a home over renting one. For instance, a home is a major asset, which increases a person's net worth. When you rent a home, you are helping your landlord’s net worth increase, but you are not increasing your own.

It is often possible to pay off a mortgage, which is another benefit that investing in a home has over renting. If a house is paid for in full, the only continuing costs are property taxes, insurance, utilities, etc., without a monthly mortgage payment. The process of renting a home is perpetual. There will never be a time when the landlord will stop charging rent, and it is likely that the cost will increase over time.

Value appreciation enables buyers to build wealth

Another benefit to owning a home rather than renting is that ownership helps build wealth. The value of real estate often appreciates with time. A 10% return on an initial investment would translate to tens of thousands of dollars in a homeowner's pocket, depending on purchase price and selling price.

Home ownership provides independence that renters will never have

As a tenant, there is less stability and freedom since having a roof over your head hinges upon the landlord continuing to rent you the dwelling. If a tenant wants to renovate or make upgrades, he or she must request permission from the property owner. A home owner, on the other hand, is free to make changes at will and doesn't have to worry that a lease may not be renewed.

Home ownership provides a sense of stability and freedom that simply doesn't exist when a person is renting a home from someone else.

Rent to buy conversions can boost your real estate business

As you establish yourself as a profitable real estate agent in your sales region, always keep renters in mind as potential leads. In addition to those who rent on an indefinite basis, there are also many people who rent temporarily, such as during an interim of relocation between accepting a new job, for instance.

Renters who wish to convert to buying can become a niche that helps you boost sales! Be ready to share information when someone asks you why buying might be a better option than renting.

Studying at this time of day is best

Earning a license to sell real estate in South Carolina takes time and effort. If you stay on task and enroll in a quality real estate school, it's possible to achieve your goal in six months or less. Studying is, of course, a key factor to passing the state exam, which is a requirement of eligibility to apply for your license. While there isn't necessarily a right or wrong way to study, there are definitely issues that might make one method more effective than another, including time of day.

Studies show that there are two time frames within an average day that are most effective for learning. The first is between 10 a.m. and 2 p.m., which is considered a morning time slot, although it extends past noon. Between the hours of 4 p.m. and 10 pm., is also an excellent time for studying. Data shows that the brain is primed and ready for learning during these hours. However, what works best for you might be different than a fellow student's optimum learning time.

When do you feel most alert for studying during an average day?

A key to determining when your best studying time might be is to first monitor the fluctuation in your level of alertness throughout the day. Do you typically feel more alert in late morning/early afternoon hours? If so, then the earlier time slot for effectiveness in studying might be the best option for you. If you notice that your alertness peaks later in the day, you might want to arrange your study schedule for the 4 p.m. to 10 p.m. time slot.

Are you easily distracted while studying?

Answering this question can help you determine the best time of day for studying. Successful study habits hinge upon focus, which is always easier to achieve when there are little to no distractions around you. If you are an easily distracted person, you'll want to choose a regular studying time when distractions are at a minimum, such as later at night when everyone in your household is asleep, or during hours when there tends to be less people there if you go to a library to study.

Choose a time that you can schedule with consistency

Studying at the same time each day helps with effectiveness. Self-motivation and discipline are necessary to make the time you spend studying worthwhile. You have heard it said that being consistent helps you achieve success. This is true as long as you are consistently effective. Therefore, when deciding when to set time aside for personal study outside the classroom, make sure you choose a time frame that you will be able to stick with from week to week.

As you can see, there are several time slots during the day that are best for studying. Circadian rhythm and chronobiology are key issues that affect individual alertness. Each person must determine which time frame best fits his or her own unique needs and ultimate study goals. Of course, it is also helpful to have quality study materials as well because optimizing studying time won't make much difference if the material that you're reviewing is insufficient to help you pass your state real estate exam.

3 surprising facts about real estate sales

You might be one of many South Carolina residents who enrolls in real estate school this year, which is great. While you might already be aware of some basics regarding the sales industry, there are a few facts that could come as a surprise to you, as well. The more you know about real estate, including some of its more obscure facts, the better able you might be to become a profitable sales agent because buyers like agents who can answer questions and provide interesting information.

As you work toward earning your license to sell homes in this state, always try to stay updated on current housing stats while also learning as much as you can about your sales region, including its history and any trivia that might interest your buyers.

Real estate sales include a lot of second homes

One thing that might surprise you about real estate sales throughout the country is the magnitude of housing inventory that is comprised of second homes, meaning the owners of a particular house also own another home. In fact, the demand of second homes has substantially increased in the past decade. Some people even own more than two homes.

Always know ahead of time why a seller is selling

If you consider some of the reasons a person might put a house on the market for sale, you would no doubt think of issues, such as relocating for employment, downsizing for retirement or expanding family size. Would you also think about selling because a house is haunted?

Surprisingly, approximately one out of every 10 sellers say they are moving due to paranormal activity in their homes. Some states require sellers to disclose such issues. This is not the case in South Carolina, although a seller must disclose a death on a property if the buyer asks about it.

You might get a deal 3 times faster if a home is staged

Whether you are working as a listing agent or are representing a buyer in a home sale, staged homes are beneficial to your career. This is because statistics show that homes that are properly staged for showings typically sell three times faster than homes that are not staged.

As a new agent, it can behoove you to learn as much as you can about how to stage a home to sell. This is especially true when working as a listing agent because you can make recommendations to your clients on how to stage a home to increase the chances of getting offers.

Is fear keeping you from real estate school?

Selling homes in South Carolina can be a rewarding, exciting and often challenging way to earn a living. Many agents say that they love the flexibility that the real estate industry enables them to have over their schedules. Some people sell homes full-time, while others do it on the side or when they need to generate more cash flow. There are lots of people out there, however, who would like to enroll in real estate school but hesitate to do so because of their fear.

It's true. Fear keeps a lot of people from pursuing their dream of obtaining a real estate license. The good news is that if you identify and acknowledge your fear, you can then take steps to overcome it. Once you overcome it, the path is clear for you to move forward to accomplish your goals.

Does fear of rejection keep you out of real estate school?

One of the most common fears cited as a reason people who have considered earning a real estate license wind up not enrolling in a school is fear of rejection. Think about it. In any business, you will not win customer favor 100% of the time. Some people will turn away without buying your product or hiring your services. Others will make a purchase or use your service but will be dissatisfied.

This is to be expected in business. Of course, as a business owner, your goal is customer satisfaction. However, knowing that some people will reject what you have to offer shouldn't keep you from pursuing your dream.

Fear of the loss of job security

You might know someone (or might be someone) who stays in a job they hate because it is secure. Many people are so afraid of losing a job that they would rather stay somewhere they're unhappy just be employed. It's understandable that people take comfort in job security, especially those who are primary breadwinners in a household.

As a licensed real estate agent, you will no doubt experience a fluctuation in sales. Some months or years may be better than others. One way to alleviate this fear is to start setting aside funds from your current career. This enables you to build a financial cushion to help make ends meet when you transition to working in real estate, which is commission-based.

Fear of saying something stupid

It happens. Not only in business but in everyday life. We all say things that we later regret or that make us feel awkward at the time. Many would-be real estate agents never enroll in a school because they are so afraid of talking to clients and possibly saying something that might kill a sale.

This fear need not keep you from obtaining your real estate license. You can tap into many resources to improve your negotiation and conversation skills. Also, experience is a key to alleviating many of these fears. The longer you work in real estate, the more comfortable you feel in your role as an agent. Don't let your fears keep you from pursuing your dream.

Make sure the goals you set are SMART

As another year winds down to a close, you might count yourself among millions of other people who are looking ahead to the future. You might also be considering changes you want to make in life, such as making healthier food choices or getting more physical exercise on a daily basis. Perhaps you also have some career goals in mind for 2023. Setting goals for a new year is a worthwhile endeavor as long as the goals you set are SMART.

SMART is an acronym that stands for these words: Specific, Measurable, Attainable, Relevant and Time-bound. If you are setting goals that do not align with these foundational principles, success isn't likely. Making sure that each of your goals for the New Year to come are SMART is the first step toward accomplishing them.

SMART goals are always specific

If you are not specific when setting a new goal, you are making it difficult to achieve. For example, if you set too broad or vague of a goal, such as ''improve my health,'' you would hardly even know where or how to begin to accomplish it. Instead, a SMART goal is always specific. In this case, you might narrow things down by listing your goal in a more specific way, such as ''Incorporate more probiotics into my diet'' or ''Lose 15 lbs. by March 31st.

Both of these goals will improve your health. Because they are more specific, it would be easier to create a plan of action.

The M is SMART stands for 'measurable'

Both of the fictitious goals stated in the previous section are measurable, which is a key component of a SMART goal. For instance, you can easily measure whether you are progressing in incorporating more probiotics into your diet. You could list the usual sources of probiotics you were consuming before setting a new goal. Then, at various intervals of time, you would re-list the probiotics you are using to see if there has been an increase.

Setting a specific weight loss goal is also easily measurable. If you cannot measure your progress, it is more difficult, if not impossible, to know if you are on your way to meeting your goal.

Why set goals that are unattainable?

Setting unattainable goals is merely a source of frustration, disappointment and failure. It's fine to dream big and work hard as long as the goals you are setting are attainable. Before setting off to achieve a new goal, determine whether you have the means and resources to achieve it, or, if you don't, whether or not you can acquire them.

Can you reasonably expect to accomplish what you are setting out to do? If so, then go for it. If not, then, perhaps, you can refine or adapt the goal so that it becomes attainable.

Make all of your goals relevant and time-bound

Another way of saying that a goal must be relevant is to say it must have a purpose. In the prior examples we offered in this post, both goals had a purpose of or were relevant to improving health. When you set a new goal, make sure it has relevance. Why are you setting it? What is ''the big picture'' you envision if you accomplish the goal?

Finally, every goal you set must be time-bound. Otherwise, you might linger on and on without ever achieving its completion. Right from the start, give yourself a deadline. If you don't make it, you can always re-set and start again. However, it's important to have time constraints when setting goals for school or business or your personal life, because it helps to make them SMART.

3 ways to prepare for real estate school

Whether you're just out of college, retired from the workforce or simply looking for a way to generate supplemental income, making a decision to obtain a license to sell homes in South Carolina is exciting and a bit stressful at the same time. You might already have a job and plan on selling houses as a side hustle. Maybe you stayed home for many years to raise a family and are now ready to get back into the workforce. Going to real estate school can be the first step of a new career.

While you can take the state exam more than once if you do not score the percentage you need to pass on the first attempt, it is better to be as prepared as possible the first time around. After all, if you are going to invest in your education and put in the time and effort it takes to become eligible to take the test, why not make the best of it from the start?

Start off on the right foot by choosing a real estate school that's a good fit

Not all real estate schools are alike. Some might offer online course while others do not. You might be able to be more flexible in scheduling your course work at one institution while class schedules are more rigid at another. To prepare for your pre-license education, take your time to explore all available options in your area for enrollment. Choose a school that you feel is the best fit and will help you accomplish your goals.

Create a study schedule and stick to it

Even if your real estate job is going to be something you do part time on the side, you'll want to be as successful as possible. Mastering the vast array of concepts you will learn in real estate school requires studying on your free time. If you want to get the most for your money regarding your investment in real estate education, it is best to make studying a top priority.

Determine what times work best for you to study. Create a schedule, and put it in writing or on a spreadsheet. Do not let anything get in the way of your plan unless there is an emergency. Be diligent and stick to your study schedule. This one preparation step will produce excellent results!

Start saving money right now

Financial needs are bound to arise as you are working your way through real estate school — not just funds needed for enrollment but beyond that. If you have decided to earn your real estate license, it is a good idea to start setting aside as much money as you can and saving it as a real estate school fund. This way, if you need to buy a book or want to purchase software or other items to help with your education, you won't have to scrounge around for money at the last minute.

Implementing these three ideas can help you prepare for real estate school. Always remember, however, that additional needs or challenges are bound to arise, and if they indeed do, you should never hesitate to reach out for support.