A real estate agent’s job offers a lot of variety. You won’t be doing the same thing every day because you’ll be dealing with various clients and visiting numerous residences. There is a complex procedure to become a real estate agent. This article shows the steps for that.
1. Research Your State’s Requirements
- You must fulfil the particular licensing requirements set forth by your state because there is no federal real estate license
- Visit the website of your state’s real estate regulatory office by going to the regulatory agency directory on the Association of Real Estate License Law Officials (ARELLO) Website
2. Take a Prelicensing Course
- In order to take the real estate license exam, you must first complete a $350 pre-licensing course from a recognized real estate licensing school, regardless of where you live
- The majority of states provide community colleges, real estate schools, and online learning opportunities
3. Take the Licensing Exam
- How to schedule, register for, and pay for the licensing exam should be covered by your instructor
- The test typically costs between $100 and $300
- Exams are computerized and are divided into two sections: a national section covering real estate basics and practices, and a state-specific section covering the laws governing real estate in your state
4. Activate Your Real Estate Agent License
- When you pass the exam, you must submit an application, any necessary paperwork, and application costs, which typically range from $200 to $400 to your state’s real estate regulating agency
- Your real estate license certificate will be mailed to you by the state after it has approved your application, and a searchable database of licensees will list your name
- Keep in mind that until your license has been given by the state’s real estate authority, you cannot function as a real estate agent
5. Consider Becoming a Realtor
- Real estate agent and realtor are two phrases that are sometimes used interchangeably
- Realtors are members of the National Association of Realtors (NAR), adhere to its strict Code of Ethics, and are both licensed to assist buyers and sellers during the real estate transaction process
- The National Association of Realtors is the largest trade association in the United States
6. Join a Real Estate Brokerage
- You perform your duties as a real estate agent under the supervision of a supervising broker who is authorized by the state to supervise real estate transactions and guarantee that you adhere to the necessary ethical and legal standards
- You can be required to pay desk fees, tech fees, business cards, marketing materials, and other operating expenses depending on the agreement you have with your brokerage
- Joining a brokerage often costs $25 to $500 a month
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DISCLOSURE:
None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.
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