Do You Need A College Degree To Be A Real Estate Agent? Will That Student Loan Pay Off?


Do You Need A College Degree To Be A Real Estate Agent

Nowadays, a college degree costs more than LeBron’s mansion.

If you or your parents didn’t have 100k lying around, you probably ended up in the workforce shortly after graduating high school. 

Or better yet, you spent your college days getting drunk at parties. Those were the days.

However, it’s time to be an adult. Adults need jobs, and if you don’t have a college degree, you might not be that behind in the job market, as was the case in the past. 

But what about being a real estate agent without a degree? Well, that’s what we’re discussing in this article. 

So put your highschool education reading glasses on, and let’s find out. 


Do You Need A College Degree To Be A Real Estate Agent?

In this day and age of the interweb, you don’t need a degree for basically anything.

If you’re not working as a medical professional or an engineer, you’re more or less good to go with google and a strong will to learn.

This also applies to being a real estate agent.

So NO, you don’t need a college degree. 

The boomer generation was wrong; you can amount to something without spending 8 hours a day killing your eyesight.

But, saying a college degree won’t make any difference whatsoever, especially in the beginning, would be the same as saying driving a BMW is the same as driving a Ford Focus. 

Let’s see what those potential benefits are, and on the other hand, what a college degree doesn’t bring to the table. 

Suppose you decide to become a real estate agent. Read the article about the pros and cons of becoming a real estate agent, after you finish this one, of course.


Benefits Of Having A College Degree

Let’s first define a college degree. 

If tomorrow you show up at a respectable real estate firm and tell them you have a college degree in arts, they might look at you weird because, in real estate, that doesn’t mean squat.

The college degree you have has to be relevant in the field you’re applying for.  

Now that that’s out of the way let’s see what kind of degree is actually beneficial and the 

classes you need to take to become a more successful real estate agent. 

Marketing

  • Marketing is huge in real estate. 
  • If you just opened your own agency, you’ll need to know how to market yourself and have your name out there as soon as possible.
  • Spending nights writing ads for Facebook, Instagram, and whatever other platforms you chose is a great way to save money. 
  • Hiring someone else can potentially cost a fortune. 
  • At least in the beginning, you’ll want to save money wherever you can. 
  • Also, a degree in marketing will make you more desirable to potential employers. 
  • They’ll know you possess a certain skill set that can result in more clients and more revenue. 

Finances

  • Self-employed or not, you will benefit greatly from this class. 
  • Finance classes can teach you about buying and selling real estate—and useful things about property costs and mortgages. 
  • What are interest rates, and just loads of other things that might not sound that exciting, but boy, are they useful in this business. 
  • A real estate agent that knows how to explain some of this to his clients will be way more appealing than someone just trying to sell a house and move on to the next one. 
  • Credibility is important. Being educated and sounding educated can work wonders for you, especially in the eyes of more prestigious clientele. 
  • I’d consider accounting to be a part of this as well. 
  • Again, in the beginning, if your budget is stretched too thin. Having some of these skills can save you tons of money until you get on solid ground.
  • Although boring as hell for most people, if you have a knack for it, or you just want to save some cash, accounting is a good weapon to have in your arsenal. 

Psychology

  • That’s right. Channel your inner Froyd; you’ll need it.
  • In my opinion, psychology is one of the more interesting subjects around.
  • Learning about how we think, what drives us, why we do what we do? It’s pretty compelling stuff. 
  • If you pick a good college, you might even learn about things like body language and facial expressions that can help you gauge what you can and can’t do in a certain situation.
  • Being a real estate agent tends to be stressful.
  • Basically, your job description is “sell the most expensive thing your clients will ever buy in their life.”
  • When someone is supposed to spend all of their life savings, tensions can run high.
  • Knowing how to diffuse a situation might not directly bring you tons of money, but it’s better than looking like a sheep when things don’t go your way. 

Business

  • A business degree mostly entails all of those things above. Plus loads of other subjects.
  • You will learn how a business works and, who would’ve thought, real estate is firmly established in that category. 
  • If there isn’t anything else you find interesting, you should definitely opt-in for this type of degree. 
  • If you want to learn something else besides business, the three points above will give you a solid head start in real estate, and still let you pursue other passions. 

What College Degree Doesn’t Provide

Rdl Do You Need A College Degree To Be A Real Estate Agent

Charisma

  • If you’re not charismatic and you don’t want to be, there isn’t much that can be done.
  • No college degree can help you with that.
  • Being a people person is kind of a must in this job.
  • You’ll have to network all the time. Meeting new clients, new agents, and potential prospects is an everyday thing here.
  • Being introverted is a luxury you won’t be able to afford. 
  • Depending on how slow your start is, you just might end up looking for clients in the street; if you don’t know how to present yourself properly, tough luck.
  • Sure, a college degree in psychology is great.
  • But I know a few psych majors who have zero personality. 
  • Books are great, knowledge is great, but only experience is taking you to places. 
  • Putting yourself out there and interacting with people doesn’t fit any course description I know of. 
  • A college degree on your resume can get you through the door, but it won’t keep you there. 

Common Sense

  • This applies to finances, among other things.
  • Yes, knowing a thing or two about accounting, mortgages, interest rates, and such are useful.
  • However, common sense dictates, spend a lot less than you earn, and you’ll always be on top.
  • It’s painfully simple, really. 
  • When you start making money, put a certain sum back into your business, decide how much money you need to live and save the rest.
  • College degree or no college degree.
  • If you’re breaking the bank every month buying useless things, you ain’t getting very far, my friend. 

Ingenuity 

  • I have an acquaintance. I call him that since we rarely hang out. 
  • The reason for this is because the guy is always doing something on the side, making money. 
  • It’s always something different.
  • He’s just insatiable. And he’s happy to do more than necessary and make it special, make it different.
  • But he’s also street smart. He’s been working from a very young age. 
  • He didn’t have to work, at least I think so, but he did. So from early on in his life, he was drawn to opportunity.
  • When you grow up with that mindset, making a buck or few on the sides becomes easy.
  • In real estate, a similar concept has to be applied.
  • Be different, be insatiable, take that extra few steps that will put you above everybody else.
  • In business classes, you’re told to make your customer feel appreciated by doing this or that. 
  • But the intention itself is also important. 
  • People can feel when you want to take advantage of them. 
  • If you don’t enjoy being original and selling houses with style and a smile on your face, it will get noticed.
  • That means you won’t be as successful as you could be. 
  • But if you take the time to put in that extra few steps, the number of your yearly commissions can start to grow exponentially. 
  • Also, one more thing to note here. Even though you have a college degree, and it’s tied to real estate in one way or another, you still have to pass the real estate exam

Do You Need A College Degree To Be A Real Estate Agent – Conclusion

No, you don’t. But it’s not likely to hurt you.

Colleges have had a bad rep lately, and for good reasons as well.

The amount of money they charge for education has become difficult to justify. 

However, they still carry a certain weight. Having a college degree on your resume can open doors for you that might be closed shut otherwise. 

If you spent a lot of money on a business degree, it could help you become a real estate agent. But it doesn’t mean you’ll be a good real estate agent.

As we said, charisma, common sense, and ingenuity are kind of the triangle of success in any business that involves selling. 
You want to go to college and study, more power to you. But real-life experience can only be obtained out there, you know, in real life.

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