How To Become A Real Estate Agent-Something You Should Know
Welcome to the wonderful world of real estate. The great thing about this profession is that you can take it on no matter what stage of life you're in. Becoming a real estate agent can be for anyone - no matter your background, your previous career, or whether or not you want it to be a full time or part-time job. This article is here to help guide you to understanding the general requirements to qualify for becoming a real estate agent and also, steps to take to begin the process.
First off, let's go through the general requirements that are necessary to becoming a real estate agent. Remember to keep in mind that some requirements vary depending on the state - but this will give you a general idea.
There are four different guidelines.
- You have to be at least 18 or 19 years old
- have a legal US residency
- complete your pre-license education
- pass your state real estate license exam
The one that will be the most different depending on the state that you live in would be completing your pre-license education.
If you're someone who needs to see a step-by-step process then here are five common steps that you can follow.
Start off by gaining knowledge on your state's real estate licensing requirements. For example, some states require you to be 18 years old, while other states require you to be 19 years of age. Becoming familiar with your state's guidelines is a great starting point to beginning your real estate career.
Secondly, enroll in a real estate pre-licensing course. Like it was mentioned above, this requirement will really depend on the state you live in. For example, real estate agents can hold licenses in multiple states, and usually, you'll find real estate agents who work in states that border each other. Real estate agents aren't expected to stay within their state, so they have reciprocity agreements with neighboring states.
The next step would be to apply to take the real estate salesperson exam. Knowing how the application process works for your state is essential to successfully completing this step. Many states will require a background check, a fee, and sometimes even fingerprints. A lot of states also require you to have your application process complete before you can even schedule your exam date. Giving yourself a few weeks to get everything together would be a smart idea so that you aren't stuck waiting for paperwork to come in.
The next step would be passing the exam. Preparing yourself is the key to passing the exam. There are different studying options - such as enrolling in a prep course. Give yourself plenty of time to prepare - part of the preparation process is knowing that you might not pass the first time around. Not everyone does, and that's completely ok, but it's important to maintain a positive attitude. Taking practice exams, finding someone to study with, and getting a good amount of rest is a great place to start.
The last and final step is to find a real estate broker - once you've passed the exam of course! A real estate broker is qualified to do everything that a real estate agent can do. The only difference that a real estate broker holds is that they have the ability to assist a real estate agent when any kind of issue surfaces with any kind of transaction. Brokers have the ability to guide and train agents early in their careers, which is a great option to consider when you're new to the job.
There are a few questions that you can ask yourself after reading this article.
Why do you want to become a real estate agent?
You'll know if it's right for you if first, you had excitement reading this article, and also if you like to handle things under your own control and at your own pace.
How much money does this profession make?
This job is a commission-only business, so you need to be patient with the process and understand that it might not be an immediate flow of cash that's coming in.
Am I at a point in my life where this is a good idea?
The good news, this profession can be pursued at any point in your life, so don't let that stop you!