Some think that it is very easy to become a real estate agent. While others appear to be more concerned with all the hoops that must be jumped through. Regardless of which side of the spectrum one stands, it is easy to understand why so many people aspire to that career. If you are one of them, you’ll need this information for making your real estate agent dreams come true.
Terry McCarthy St. Pete knows what it’s like to live that dream. He’s the owner of TJM Properties. His company does some interesting work. They buy old apartments and hotels and turn them into beautiful assisted living facilities and retirement communities. He has obviously seen the value of helping other people with his real estate expertise. Maybe once you learn how to achieve your dream of becoming a realtor you’ll be equally inclined to make a difference.
Steps to Achieving Your Real Estate License
Many people pursue well-known real estate companies when they first get started in the industry. But, there are other options for those who can partner with a real estate broker. Regardless, these are the steps to achieving your real estate license.
- Get the proper education. No matter where you live, you will need to take courses prior to achieving your licensure. Some states even require college level coursework for this license. And, agencies are allowed to choose their own rules and regulations for employment. Make sure to find out what your state’s requirements are.
- Find a broker or brokerage. This is an agency that allows agents to work for and from it. You must work with a broker in order to practice real estate. Consider the size of the brokerage, the training they may offer you, and what their reputation looks like. Learn more about picking a brokering firm to work with.
- Get your license. To obtain your real estate license you will need to pass several exams. You might also need to submit a criminal background check. Prices for your exams and background check are varied, so be prepared to pay at least $200.
- Create your budget. Becoming an agent can cost you close to $2000. While this is significantly less money than many other start-up business costs, it’s still a lot of money to shell out. Remember that you’ll need to set money aside to ensure that you can advertise well enough to begin gathering clients and referrals. And, don’t forget that you won’t get paid until the deals close. So, be prepared to live off some money you’ve set aside until the commission starts rolling in.
- Choose your title. Apparently, there are two different options: Realtor & Real Estate Agent. We have used them interchangeably here, but in truth, you can’t call yourself a realtor without joining the National Association of Realtors (NAR). Read this.
- Build your portfolio. You have probably noticed a lot of real estate agents posting pictures of the people whose homes they’ve closed on or sold. This is one means of creating a professional portfolio. Don’t lose the contact information for these people as they are often a great source for additional referrals if they feel you did a good job for them.
Becoming a real estate agent is a lot like starting a small business. It won’t matter that you are working for a broker. People will always associate your name to their experience more than they will the agency you work for. For more information on becoming a real estate agent, click this.