Many people desire to become a real estate agent due to the flexible hours and high salary that can come with the profession. Most people can become an agent at any time in life when they want a career change. If you’d like to learn how to become an agent and get started in the industry, there are a few important steps to take.
Enroll in a Real Estate Pre-licensing Course
According to kapre.com, you’ll need to enroll in a real estate pre-licensing course from a certified institution. You’ll need to take 60 hours training to learn legal aspects in the industry, real estate practices, and learn the principles that are associated with the position.
You can choose to take the course in-person or online to ensure that it works with your schedule.
Take an Exam
Each real estate agent must pass their licensing exam to begin working in the industry. The exam has two parts, which includes general real estate principles and state-specific laws, according to realtor.com. You can practice with sample tests that are available and even retake the test if you fail the first time.
Obtain a Membership
After passing your exam, you can get started by paying for a membership to multiple listing services, which is an average of $200 to $400. The membership is essential because it will allow you to analyze market trends, obtain property tax information, and view listings that haven’t been advertised on the market.
Find a Brokerage
Many real estate agents start their career by looking for a brokerage to work for when assisting clients with buying or selling homes. Brokerages are known to pay their real estate agents commission, which makes them easy to join when you’re starting out. Look for a brokerage in the local area that is happy to welcome you and will also provide you with a bit of training.
When looking for the right broker, you can ask if the brokerage requires additional coursework, how many years of experience they have, how they develop leads, and how long it takes to earn commision checks.
Become a Broker
Once you become established in the real estate industry, you can also become a real estate broker after having a few years of experience. The state licenses brokers, which is a job that will require you to monitor real estate agents to ensure that they’re following legal and ethical standards during the transactions.
Develop a Budget
You’ll need approximately $1,500-2,000 for business cards, ads, signs, association fees, exam fees, and money to get by in the coming months before you begin to earn money as a professional agent.