In the United States, there are more than 2 million real estate licensees. Every year, the trend of becoming a real estate agent is rising popularity as the demand for real estate properties and investments are also increasing.
According to the Bureau of Labor Statistics, a real estate agent can earn an average of $45,610 per year.
If you want to become a real estate agents, follow these 7 steps:
Pass the General Requirements
Basically, you have to be at least 18 years old, a legal resident of your country and has no records of a criminal offense against the law.
Take Pre-Licensing Courses
You must undergo pre-licensing courses and training for you to learn about real estate principles. There is a required number of training hours. It can be taken by enrolling in certified institutions or through online. Pre-licensing courses cost from $200 to $300.
Pass the Licensing Exam
With everything you learned from the pre-licensing courses, you should take the exam and pass it. Licensing exams usually consists of two parts – federal real estate and general real estate laws and principles.
If you passed the exam, then you are licensed. But before that, you have to activate your license through the real estate commission’s website in your state. You also have to pay for your membership to local multiple listing services.
Be a Realtor
You also have to earn the title ‘realtor’ by becoming a member of the National Association of Realtors (NAR). NAR membership allows you access to real estate market data, transaction management services and discounts on education courses, among others.
Join a Brokerage
The next step is to apply to a real estate brokerage, an agency for real estate agents and brokers. Brokers undergo at least three years real estate training and are licensed by the state to oversee real estate management and transactions.
Build Your Client
Lastly, build your client and your portfolio. Seek help from a mentor to help you find buyers and sellers. You can also count on your personal network, including friends and families for referrals.