Real Estate: Does It Require Formal Education?

 

 

When it comes to real estate and education, it all depends on your desired career path. There are many ways to get into real estate without having any formal education. For example, many people retain an income simply from real estate investing. This can come in many forms including:

  • Wholesaling
  • Tax Liens and Tax Deeds
  • Birddogging
  • Fix & Flips
  • Property manager

This list can go one for quite some time. Many real estate career options only require knowledge but this knowledge does not need to be attained formally. For example, one can become a property manager by working their way up through an employer (learning as they go). They do not need a degree to do so.  Career paths on the investing side do not require education either, only patience and sometimes capital.

Then, why do some people go to school for real estate then? Although there are many real estate career paths that do not require formal education, there are some big-time career paths that do. In order to become a real estate agent, you must take classes to get your license as well as take continuing education classes to keep it. I am sure you are all aware of real estate brokers. In order to become a broker, you have to be an agent and you cannot become an agent without classes!

If you are the type of person, like myself, who is not fond of going to school, your career path may be swayed by other things besides education.  It all depends on your resources and your lifestyle. Many jobs that require education may offer large salaries, causing some people to head to school. It is not your only option, but an option. So, when choosing your real estate career path, please do your homework (and we aren’t talking about the kind they give you in school)!

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