So you are thinking of becoming a real estate agent? We are excited. Spending time helping people find their dream homes can be rewarding. And earning commissions related to selling expensive real estate, maintaining sophisticated pages to increase sales, and playing a key role in neighborhood development all adds to the charm. How to become a real estate agent?
The benefits of becoming a real estate agent
The median annual salary is approximately 48,690 USD, according to 2018 data (Most recent available) from the US Bureau of Labor Statistics. For real estate agents – who have additional education, research and experience requirements – this number increases to almost $ 58,210. Overall, the highest 10% of agents earned more than USD 112,610 in 2018, and some agents earn much more.
How to become a real estate agent?
- Learn the requirements of your condition
The first step to learning how to become a real estate agent is to examine the pre-licensing course requirements. Each state is different, so it’s important to pay attention to what courses are required in your state.
- Select a real estate school
Make sure you choose an ARELLO-accredited property school that offers pre-licensing courses appropriate for your state. You’ll also want to decide if an online school or class is the best option for you.
- Complete the initial license course
All states require some form of pre-licensing classes before you can take the property license exam. The type and amount of classes you need depend on your condition.
- Get ready for the entrance exam on real estate
You must pass the entrance exam at the end of the class before taking the State Real Estate Exam. Many students choose online classes, in which case the exam will also be online.
- Submit an application and schedule your state property exam
After passing the initial property licensing course, it’s time to sign up for the state licensing exam. Usually, the application fee is around USD 25. Check when and where your next property exam will be in your state.
- Choose a broker
Depending on your status, a broker sponsorship may be required to take the real estate exam. The choice of broker can occur at this stage or it can happen later, when you pass the test and you are ready to work.
- Pass the state license exam
Passing and passing the licensing exam is one of the most important steps on our checklist for becoming a real estate agent. Each state has different licensing requirements.
- Join professional real estate organizations
After passing the exam and obtaining a property license, you’ll want to become a member of your state and local Multiple Listing Services (MLS), and perhaps the National Association of REALTORS®.
- Take the necessary courses after licensing the property
Several states require you to complete the course after obtaining a property license in the first 6-12 months after obtaining a property license. Don’t let it get out of your radar.
- Start your career in the real estate market
After installing all systems, let everyone know you are in the real estate industry. Soon you will start interacting with potential buyers and sellers and you will be in business!