Considering a New Career...but which one? Let's look at each field!
Let's
discuss 5 Different Career Possibilities. They are as follows: REAL ESTATE APPRAISAL,
REAL
ESTATE SALES, HOME INSPECTION, MORTGAGE FINANCING\=
Real Estate Appraisal requires a 90 hour educational commitment to enter the field. We have many links
describing the field, but in short, you inspect a home, and using several
different approaches determine it's value for a variety of purposes. These can
include Financing, Mortgages, Estates, Divorce Actions, IRS Cases, Litigation,
and the list goes on. Most entry level positions involve working at an appraisal
firm, either full or part-time. You may, after 2 years minimum decide to go on
your own and open your own appraisal firm. Many people, even after they gain the
required experience still work within an appraisal corporate structure. This is
not a commission type position. You receive payment for each appraisal, even if
the loan does not close, or the sale does not occur. You are paid for your
actual report.
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Real Estate Sales in New York requires a 45 hour educational commitment. You will seek employment
with a Real Estate Firm. The broker you work for will be responsible for your
activities. You will work in a commission capacity, in 1 of 3 major areas:
Listing Agent, Selling Agent, or Buyers Broker Agent. Each has specific rules to
guide you and each is part of what a salesperson is licensed to perform.
Commission is the primary method of compensation, but the rewards can vary and
can be viable if you succeed in selling, listing or working as a buyers agent.
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Home Inspecting is presently undergoing a new process in New York State towards licensure. At
present, the new regulations are new for 2006. We are approved to offer you the
required education in order to achieve a License as a NY State Licensed Home
Inspector. It requires 100 hours of coursework, 4 exams and a 40 hour supervised
inspection in the field training. Our program is comprehensive in nature and goes over all the
requirements of performing a competent inspection. Typically Home Inspectors are
paid per assignment and work independently per assignment.
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Mortgage Financing is a career for those who wish to enter a career in residential financing. This
can include working for a bank, loan firm, mortgage banking firm or even working
with a Mortgage broker in NY State. Entry in this field only requires competent
educational or on-the-job training. Our program meets this objective to enter a
Career in Mortgage Financing. This course specializes in residential
transactions.
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We hope the topics listed above will help you understand the role and the goals or each profession. When you go to the main Careers page, each section will have a link, which will further explain each career path, and we have even linked our web site to independent sites such as CNN, Money and CNBC.