Following the rules about how to become a real estate agent is not complicated, but the process does require an investment in time and money. Each state and the District of Columbia have some requirements in common, although there are state-specific rules as well. It is easy to find information online about the complete regulations for an area, or by making a call to the state board. All licensing rules include approved classes that must be taken, exams that must be passed, and fees that must be paid. Many states ask for background checks as well.
College and universities offer courses in real estate, as well as those that can be found at community colleges and special real estate schools. Some large brokerages (real estate companies) offer their own in-house instruction. Night classes make it easier for those already working in the day to get the education they need to become a real estate agent.
A course in RE Principles and one in RE Practices are generally required, and one or more classes on specialized topics such as property finance, law, or management. Most states demand that all practicing agents attend refresher courses as time goes on. These are a few of the things you will have to do to maintain and get a real estate license.
After the required courses are completed and passed, the student may apply to the licensing board of the state to take the state exam. This exam is rated as difficult, but there are special prep classes for the exam if an individual feels the classes were not sufficient training.
You need a license to sell property, but you cannot work alone unless you go on to become a real estate broker. A broker is allowed to finalize sales and handle contract, where an agent is not. To become a real estate broker, you need to be employed as a salesperson for a period of time, anyway. The sales agent license you get after passing the exam will be sent to the broker you are affiliated with, not directly to you.
To be successful as a property salesperson, it is helpful to have a wide acquaintance in the area that will generate listings, or houses to be sold. However, even a newcomer to the area can succeed if the brokerage handles new home sales and if the individual is creative and hardworking. One woman put on the roof of her first listing a huge banner saying ‘House For Sale’. Others said :How crass!” and watched while she became a member of the million dollar club within three years.
Having passed the exam, which may be retaken if failed on the first attempt, the person is ‘certified’. The results are sent to the licensing board with the specified fee, and the new agent’s license will be sent to the specified brokerage. The license will be good for a certain time period, often two years, and then must be renewed. Further education may be required but there will be no more exams for the salesperson level, if the license is not allowed to lapse.
If you know a lot of people, you may get a head start by ‘listing’ their houses if they decide to sell. The listing agent shares the commission with the one who brings the buyer, so this is a sure fire way to get paid for your efforts. However, there are always new homes to sell and you can advertise and work creatively to make your own opportunities even if you are a newcomer to the area.
Understanding how to become a real estate agent can get you right to the top, the Million Dollar Club.
Eric McMillan is an 10 yr real estate professional whom now generates income by leveraging the power of the internet. Visit this site for additional info about how to become a real estate agent. If you’re still not sure if real estate is for you, visit http://www.realestatestinks.com
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McMillan, Eric "How To Become A Real Estate Agent: Finding Out All The Imperative Points Is Imperative.." How To Become A Real Estate Agent: Finding Out All The Imperative Points Is Imperative.. 21 Jun. 2010. uberarticles.com. 29 Dec 2014 <http://uberarticles.com/real-estate/how-to-become-a-real-estate-agent-finding-out-all-the-imperative-points-is-imperative/>.
APA Style Citation:
McMillan, E (2010, June 21). How To Become A Real Estate Agent: Finding Out All The Imperative Points Is Imperative.. Retrieved December 29, 2014, from http://uberarticles.com/real-estate/how-to-become-a-real-estate-agent-finding-out-all-the-imperative-points-is-imperative/
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McMillan, Eric "How To Become A Real Estate Agent: Finding Out All The Imperative Points Is Imperative." uberarticles.com. http://uberarticles.com/real-estate/how-to-become-a-real-estate-agent-finding-out-all-the-imperative-points-is-imperative/
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