Overwhelmed by the Complexity of Sales? This May Help

Steps to Being a Real Estate Agent

If you’re planning to enter the real estate industry, it’s best to have a clear understanding first on the differences and functions of the following terms: real estate agent or real estate associates is one who has taken and passed all the requirements state requirements, such as real estate classes and licensing exam; realtor is a real estate agent, but, at the same time, a member of the National Association of Realtors, abiding by the association’s standards and code of ethics; real estate broker is also a real estate agent, but passed the real estate broker license exam, works independently with other agents working for them.

If your main goal is to become a real estate agent, you have to attain these levels: get the right education, pass the state and national licensing exams, and find and work for an established real estate broker who can provide you your first clients.

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Since some states have their own requirement rules as to the number of hours of real estate education classes, like California requires 3 college level courses, while Idaho only requires two courses, before enrolling in the pre-licensing courses, get in touch with your state’s real estate commission and inquire on the real estate education requirements.
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A prerequisite, before completing a real estate education, is an on-the-job training in an established real estate brokerage firm, which is an agency or company where licensed real estate agents and brokers work, and the purpose for a training is to have the experience of knowing how to sell and deal with real estate properties, as well as getting the much-needed advice from the brokers. Before applying for apprenticeship in a brokerage, do some research online on the following: size of the brokerage, reputation and if there are additional training offered, and, once you have selected a few firms, it is equally important to ask them these questions, so the information you get from the interview may give you a definite idea on what each firm is like, as well as allowing the firm to size you up: does the brokerage firm require additional course work, how many years is the firm operating, will the firm assign a broker to train you, what kind of client contact style is the firm applying, and how long will an agent receive an average commission.

When you have completed the real estate course, which includes the apprenticeship training, take the state and national licensing exams, following these requirements: provide a criminal background check, pay exam and license fees. As soon as you have passed and got a license, establish a start up budget, now that you’re working as a real estate agent, which includes additional licensing courses, business cards, signs and advertising and association fees, which could be a budget cost from $1,500 to $2,000.