If you have chosen to explore real estate as a career, you’re in for an exciting journey.
A flexible role allows control over your time, the ability to determine your income, and the joy of not being tied to a desk attract many into this industry.
For those thinking of taking the plunge, we’re taking a closer look at how to become a real estate agent. Find out what steps you need to follow to gain entry into a fun and fulfilling career.
Learn How to Become a Real Estate Agent
The requirements to becoming a realtor are fairly straightforward, but the finer details depend on where you live. State requirements for real estate agents differ, so you should do your research before committing to anything. The foundation, however, remains much the same.
Becoming an agent requires that you:
- Are at least 18 years old (19 in some states)
- Have the right to live and work in the U.S.
- Complete your agent pre-license learning
- Pass the real estate license exam for the state in which you choose to work
In addition to the above, your state may require certain insurances, on-the-job training hours, or proof of employment before granting you your real estate license.
Breaking Down Requirements for Real Estate Agents
Real estate education plays a key role in your journey.
Pre-licensing requirements include a set curriculum from the state’s real estate commission. This can include topics such as fair housing laws, legal terminology, understanding contracts, and homeownership.
The licensing program itself is made up of three college-level courses, which include:
- Real Estate Principles
- Real Estate Practice
- Legal Aspects of Real Estate
Depending on your chosen agency training provider, the course may be broken down into workbooks, reading assignments, quizzes, and a final real estate salesperson exam. You will cover a wide range of topics which include property valuation, escrow, taxes, leasing, contracts, and more.
Post-licensing education may be a requirement in your state. The purpose of this course is to ensure that you can effectively move from a trainee to a fully-fledged realtor.
Your learning curve does not end there, however. There is a need to stay current with regulations and market-related events, which makes ongoing education necessary. While some states have annual renewal periods, others may only need an assessment every other year.
Having learned the basics, you will need to find a broker to work with. Support offered by a reputable real estate broker allows you to continue learning, grants access to a pool of buyers and sellers, and work with a recognized brand.
While it may seem like a carefree career, being a realtor comes with many responsibilities that many on the outside aren’t aware of. You will be a business owner in many ways, being responsible for (a lot) of paperwork, office admin, prospecting, and communicating effectively with both buyers and sellers.
This requires that you’re personable, organized, and patient and that you are prepared to work out of hours if necessary.
Additionally, you should have some money put aside to tide you over as you start down this road with most realtors working on a commission basis where you only get paid once you sell homes.
Time to Shine
Now that you have a good idea of how to become a real estate agent, you are ready to start down an exciting road of personal and financial freedom. With the right information and the correct attitude, you’re bound to succeed.
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