I’m just a little bit past the midway part of my first semester of Real Estate School. This last week was a big week for assignments in my two classes. For those of you that aren’t regular readers of my blog, here’s a quick recap:
I’m returning to school to take classes to get my real estate license.
Currently I’m enrolled at ACC (Austin City College) Real Estate School taking two classes: Law of Agency, and Real Estate Principles. Last week I had an assignment due, and yesterday was a two test friday.
It’s very strange going back to school after a long absence. I’m one of those going back to school after turning 40. I’ve had a couple of careers, working for a research think tank that was the sender of the first message on the internet, and then starting and running my own business for the last 6 years.
But since I don’t see myself as a 60 year old wedding photographer, I decided it was time to change course again, and here I am taking two tests on a Friday.
Before I wax poetic on taking two tests, I had to turn in an assignment for my Law of Agency class.
At first, my Law of Agency class was pretty tough. I don’t think like a lawyer very often. I lean more toward the creative, with a big scientific component. There are a lot of legal terms that govern agents, and lawyer speak that regulates the real estate industry. As you can imagine this is important stuff, so I had to spend some extra time reading and learning all the new language.
I’m learning all the ins and outs of what can and can’t be done legally when buying a house, so you don’t have to.
While you aren’t required to hire an agent to buy or sell a house, there are a lot of laws that regulate the industry so people don’t get taken with such a big purchase. When you hire a real estate agent to help you buy or sell a house, we are all bound by fiduciary duty. I am required to use my knowledge of the laws and regulations to represent you, so you can make the best possible decisions.
You trust us to represent you in the best possible way, and my assignment last week was a sample agreement that you sign, acknowledging this. It’s called a Buyer Representation, and can basically states that I will represent you, and work hard, honestly, and legally. In turn, you agree to use me, and only me as your agent.
Anyway, I worked hard, and got an A on the assignment.
Boy, it feels great to go back to school after 20 years and still get good grades.
As I mentioned I also took two tests, and you can read about that experience here.