BECOME A REAL ESTATE AGENT
If you want to become a real estate agent you need to take that major step, which is to make a DECISION.
At various stages of life, most people go into the field of real estate from various occupations and careers. I have seen diverse occupational lines (Both horizontal and vertical) who are venturing into being a real estate agent (realtor).
They all have different reasons they think real estate is a better career choice for them. But, one frequent question comes from a lot of people looking to enter the real estate industry; “How do I become a real estate agent?”
It mostly depends on the location in which an individual would love to practice real estate.
Becoming a real estate agent requires a state license. Each state regulates their own real estate licensing process, and each state’s regulations or rules are slightly different. But, there are a few basic requirements that are always consistent.
General Requirements to Qualify to Become a Real Estate Agent or a Realtor
To be eligible to become a licensed real estate agent or realtor, you must:
1. Be at least 18 or 19 years old (depends on the state)
2. Have legal US residency/permit
3. Complete your required prelicense education
4. Pass your state real estate license examination
These items represent the high-level checklist of what it takes to become a licensed real estate agent, but there are a lot of decisions you need to make along the way that will dictate whether your journey is successful or not.
You also need to note that some other countries do not need you to have a license but you will need to be registered under a body for recognition and that will boost your chances to make it big in the real estate world.
Is Real Estate Right For You?
The first step in this process is making sure you know whether or not real estate is right for you.
As a real estate agent, each day is spent working for you. This means handling your own office management, paperwork, managing contacts, leads, developing relationships, and dealing with buyers and sellers.
You need to reach out to local real estate agents and brokers in your area, you can ask them questions about what the day-to-day work is like. Ask how they manage contacts or how they deal with buyers and sellers.
Ask questions about real estate as a long-term career. You need to start having a mindset of starting real estate on a full-time career basis because being a real estate agent can’t be treated like a hobby.
It requires a full commitment. Make sure real estate is indeed the right path for you.
Procedures on how to Become a Licenced Real Estate Agent
This procedures vary from country to country or state to state. There are five outlined steps that every individual must take to earn their license and become a real estate agent.
Step 1: Understand Your State’s Real Estate Licensing Requirements
For each state’s real estate licensing requirements varies. Your state’s real estate commission website will list the official prelicensing requirements. The Steps to Licensing page is designed to show, in simple steps, what it takes to become licensed in each state.
Step 2: Enroll in a Real Estate Prelicensing Course
There are various ways you can choose to complete your real estate prelicensing education requirements, from live classroom locations at local real estate schools, some realty firms, universities and technical schools offer real estate licensing programs, home-study, and online real estate education. This is an important decision in your journey.
Make sure you enroll with a school that has a good reputation, offers quality content and instructors, and is focused on positive student outcomes. Your real estate licensing education will be difficult and comprehensive, but it will also be the springboard to a successful career as a real estate professional.
Step 3: Apply To Take the Real Estate Agent Exam
In step 3, it is very important to plan. Make sure you are following the application process with your state so you can sit for your real estate agent exam soon after you finish your real estate licensing classes. This process will be state-specific and include a fee.
Check with your state’s real estate regulatory authority for complete details. Some other states require you submit fingerprints and pass a background check. This can take weeks to process.
In many states, the application process must be complete before you can register or schedule your exam date.
You should also note that you must not let the paperwork become a roadblock to getting started in your new real estate career which means you need to START NOW.
Step 4: Pass the Real Estate Agent Exam
Passing the real estate exam takes more than finishing the educational requirements—it takes preparation. Not everyone passes the exam the first time but most students pass it after all.
You need to prepare yourself to pass the exams and this needs additional study time. It is recommended that enrolling in an exam prep class is a good way to pass the exam easily and the ultimate goal is to help you pass the exam.
A typical prelicensing package for comprehensive Exam Prep Course might include taking practice exams, measuring your strengths and weaknesses, and working through comprehensive topical review will sharpen your knowledge and prepare you for exam day.
Once you are fully equipped with the required knowledge, you need to show up to the exam location with a positive attitude, answer the questions using the great knowledge bank you gathered in your studies, and walk out with a passing grade on your state real estate exam!
Step 5: Find a Real Estate Broker
You should be so carried away by the fact that you have passed the exam as your passing grade on your state real estate licensing exam doesn’t quite mean you have a license yet.
A real estate salesperson (agent) is licensed to act on behalf of a broker and may not act as a real estate agent independently. You need to consider finding a real estate broker early in your licensing process so as to be practically equipped.
Once you have completed your prelicensing education requirements and passed your exam, you and your broker will both need to complete final paperwork with the state.
Once the form is accepted, your license will be issued, and if you wish, you may practice real estate under the sponsorship of the broker.
Keep in mind that there are lists of things to consider when finding the right real estate brokerage to work with.
I wish you good luck on your journey to becoming licensed and on your way to become a successful real estate agent.
Have it in mind that you can be a unique and different real estate agent among some other agents and it can be a very rewarding and exciting career!
Thank you for your time and don’t forget to share your thoughts on the requirements of being a real estate agent in your state.