3 Things You Need To Know About Becoming A Real Estate Agent
So you are contemplating becoming a real estate agent! Good for you! It should be said, however, that choosing to become a real-estate agent is not for the faint-hearted—it takes courage, superior organizational skills, interpersonal interactions that can be handled with finesse in all circumstances, and a good deal of smarts and a passion for competition.
You might be interested to know that states vary with their basic requirements but universally, one needs to be at least 18 years old with a high-school degree or GED—and no, you don’t need to be a college graduate! On average, 75 hours of class-time should be expected with an average overall cost of $500 for pre-licensing courses. The classes, themselves, can be obtained through real estate schools, universities and online options.
A mere sampling of topics that are covered for real estate training would include: contract of sales and leases, real estate mathematics, legal issues, taxes and assessments and commercial and investment properties.
Becoming a licensed real estate agent requires coursework that is concentrated and detailed. The nice thing is, venues that offer classes will cater to your schedule. Online classes offer 24/7 intervals, and real estate schools offer day, night and even weekend courses.
2: The State Exam:
Don’t feel badly if you don’t pass the state exam the first time—it’s not uncommon. For that reason, however, it’s a good idea to enroll in exam prep courses which are available via physical classrooms and online. One has the luxury of becoming acquainted with practice exams and even tricky questions, along with being provided with workbooks and licensed instructors. These prep classes typically take place over a 2-day period.
The average fee for taking the final exam is around $100 and a 2-hour test with 200 questions is the norm. Anymore, tests are computerized and you’ll be allowed to use a calculator. You’ll know whether or not you passed shortly after you finish the exam. Upon passing, your real estate license will be mailed to you within 3 to 6 weeks.
The Education Continues:
Once you have your license, your first big hurdle has been accomplished, but there are other major expectations waiting for you. You’ll need to remain up-to-date on your state’s continuing education and renewal requirements; and annual continuing-education credits will vary from state to state.
Seeking A Realty Firm:
It’s important to know that when you seek out a realty firm to work with, not all are created equally. For this reason, it’s crucial you schedule several appointments with different firms to become acquainted with the broker in charge and make an assessment of what each firm has to offer. Highly-professional, well-run real estate firms will offer strong support for their new agents and include those new professionals in on meetings and introduce them to office software and various contracts. Additionally, a proficient office will offer leads to a new agent to help promote a buyer and seller list.
Interestingly, another option for real estate agents is to work for a new home builder where a good majority of the real estate agent’s job is to show prospective home buyers the respective properties. Becoming an on-sight agent for a builder can be quite lucrative and 6-figure salaries are not uncommon
If you have good people skills, are a good communicator, have a strong work ethic, are highly-organized with natural problem-solving abilities and can remain professional and calm during stressful situations, then you have what it takes to become a real estate agent!