While there is no single path when it comes to how to start a real estate agent career, there are certain steps, costs, and problems that everyone will encounter. Still, buying and selling aren’t as easy as they might look. People experienced in the profession bring that this is not a job for people with a quiet character. You need to, beforehand, carefully consider the risks and benefits of joining this profession.
To help you understand the process, we have put together the steps on how to become real estate agents. Helping people buy the perfect house or making a lot of money selling their home is exciting! But before that, make sure you are interested in the real estate agent job.
Information you should know to get started
What is the real estate agent salary?
According to the data, average earnings are $94,031 per year. This is one of the most profitable professions. If you are curious about what other jobs are the highest paid, be sure to click here.
What is the cost of earning a real estate broker license?
Depending on where your license, the cost varies. Education courses can range from $300 to $1,000. In addition, count the exam fee and other costs. The total charge can be $500-$1200. It is worth looking at the ranking of earnings in different countries and on this basis deciding where to create your future.
How long does it take to get a license?
The average time to get your real estate broker license the traditional way takes four to six months. But you will do it much faster if you do it in online courses. Depending on your hard work and stamina, it can take about eight weeks.
Steps you should take to get a real estate agent job
1. Consider whether you are right for the profession
The first step in discovering a real estate careers should be to think carefully about whether you are a good fit for the job. As an employee in this profession, you need to understand that your job will involve selling and real estate brokerage. To feel comfortable in this profession, you need to have the qualities of an open-minded person. Enthusiasm and marketing should be on the little finger. It is also worth knowing the techniques of negotiation and ways of good self-presentation.
2. Take a pre-licensing course
States require people to complete pre-licensing training from a certified institution before they can take the exam. The number of hours of training may vary, depending on where the study is being undertaken. Such courses can be held stationary, as well as online. According to your preference, you should choose what suits you better. In such lessons, you will learn the basic knowledge and rules of real estate operation.
3. Prepare for the real exam and apply
Before you can take the main exam, you should pass the pre-license exam at the end of your coursework. Then check out how and where you can take your real estate examination. Some states require you to submit fingerprints and go through a background check. This can take up to weeks. Don't let this stand in your way, so don't delay your time, or you will miss opportunities.
4. Show what you can do and pass
Preparing for the real estate exam takes more than completing the course. Only some real estate agents pass the first time. Tests are usually divided into two parts. The first deals with real estate laws and general rules, while the second deals with state-specific rights. Both usually consist of 60 to 100 questions. Duration is 1.5 to 3.5 hours. The passing point varies from state to state, but many require a minimum score of 70%.
5. Activate your real estate broker license
Once you pass the test, you will need to submit your test results, license application, and application fees. Again, the price depends on the location, usually, it is $200-$400. Once everything is processed, an email will be sent to you with the certificate. Keep in mind, however, that you can't work in the profession before you receive your license from the state government.
6. Join a real estate brokerage
Getting a license may not mean you can start selling homes right away. Most states require you to work with a real estate broker for the first few years. A real estate brokerage is simply an agency or office where real estate agents work. It's a good idea to find a broker before completing your training.
As a real estate agent, you work under the supervision of a broker who is licensed by the state to oversee transactions. Don't expect to be paid by the hour. Your real estate agent salary will depend on the commission of the transaction. That's why brokerages are usually eager to welcome new agents because they don't incur costs to the company.
What else is worth knowing?
Unfortunately, this is not the end of your expenses. You will still have to incur some expenses. The most important is to remember to renew your license each year and pay for your mailbox, and membership.
You should also think about refresher courses in the language and develop your knowledge regularly. A good idea is to reach out to real estate podcasts. Your real estate agent career depends on your commitment and effort. Remember the basics and don't be afraid to learn new things.
