How to Become a Real Estate Agent in 7 Steps
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Is Becoming a Real Estate Agent Right For You?
Before we tell you how to become a real estate agent, it’s essential that you understand what it’s like to be one. After all, being a real estate agent is unlike any other career. It’s similar to owning your own business, and thus, appeals to people who want to be in charge of their own destinies and have unlimited income potential.
Real estate is also perfect for those who prefer a more flexible schedule. However, it’s worth noting that salespeople must often work evenings and weekends to support clients with traditional 9-to-5 jobs.
Finally, people in real estate love their profession because it allows them to work with clients as they make one of their life’s most significant personal and financial decisions. Many agents feel honored to serve clients as they choose a home or sell a property.
Benefits of Becoming a Real Estate Agent
Every career has pros and cons, but the benefits of becoming a real estate agent are considerable. Here are a few reasons why you should consider real estate as a career:
- Flexible schedule
- Ability to be your own boss
- Unlimited income potential
- Help clients find their dream properties
- Expansive career options
- Access to deals and real estate market information
Besides these benefits, the process of becoming a real estate agent is affordable and fast compared with other training and college degree programs.
7 Steps to Become a Real Estate Agent
No matter which state you live in, you need to follow these basic steps to get your real estate license:
1
Research your state’s requirements
The first step in learning how to become a real estate agent is to research your state’s requirements and licensing process. Each state is different. While they all require pre-licensing courses, a background check, and an exam, the order in which you complete these tasks varies by state.
In addition, some states require post-licensing courses before you can become fully licensed, while others require specific continuing education classes for new agents. State licensing agencies oversee this process, so it’s essential that you follow directions to a T. Of course, a good real estate school should help you know what to do.
2
Complete pre-licensing education
Most states require a specific number of hours of real estate education before you can take the license exam. Regardless of the required hours, you will study hard-hitting topics like real estate law, contracts, and property valuation. The information you learn during real estate school will enable you to pass your state licensing exam. More importantly, the content you learn will help you provide expert advice and quality service to your future clients. You must take this information seriously, so choosing a high-quality real estate school with a solid reputation is important.
Depending on your schedule and learning preference, you can take these courses in person or online. Look for accredited real estate schools or programs to ensure your education counts toward your license.
3
Pass the pre-licensing final exam.
Once you’ve completed your pre-licensing education, you’ll need to pass a final exam from your course provider. This exam tests your understanding of the material covered in your courses. Note that in some states, the pre-licensing program consists of multiple courses, each with a final exam. Your course exams will make sure you have understood the content presented in your pre-licensing course. Studying for this exam will allow you to review material you may have missed or ask for clarification on complicated topics. This exam will also help you prepare for your state licensing exam.
4
Apply for your state’s license exam
After passing your course final exam(s), you need to apply to take the state license exam. This usually involves submitting your course completion certificate to the state’s licensing department, filling out an application, and paying a fee.
In some states, you’ll apply to the state licensing agency, while in others, you’ll apply directly to the test provider.
5
Take and pass your state’s license exam
Third-party testing centers usually administer state real estate exams. You must understand test-taking procedures and required documents and IDs, so read your testing materials carefully.
Successful candidates study for the exam. Consider selecting a real estate school that offers real estate exam prep courses to help you pass the first time.
In most states, the exam consists of two parts: a national portion and a state-specific portion. Be prepared to answer questions on real estate principles, practices, and state laws. Use study guides and practice tests to help you prepare.
6
Finalize your license application
Once you’ve passed the state exam, you’ll need to submit or finalize your application for your real estate license to the state licensing agency. Additional documentation may also be required at this stage, such as background checks, fingerprinting, errors and omissions insurance, and/or broker affiliation forms.
7
Join a real estate brokerage
As a new real estate agent, you’ll need to work under a licensed broker. Some states call this a supervising broker or broker-in-charge.
Take your time to research and find a brokerage that fits your career goals and offers the support and training you need.
Selecting a broker to work for is one of the most crucial steps of the process and must be taken seriously.
Your broker will set your commission split, affecting your earnings. While some brokers may require a larger percentage of your commission, they may offer resources, training, and services to help you succeed.
Make sure you do your research when choosing a brokerage. Talk with several before making a decision. Ask about real estate niches, commission splits, desk fees, and resources to find a broker who truly meshes with your goals.
Become a Real Estate Agent on Your First Try With Our Exam Prep Course
How Much Time Should You Spend Studying for the Real Estate Licensing Exam?
Time is valuable, and we know you don’t have any of it to waste. Set yourself up for success by studying regularly throughout the course rather than waiting until the week before the exam. Reviewing and repeating the information will give you a deeper understanding of key course concepts.
Want to increase your chances of passing the real estate license exam?
Our real estate Exam Prep is a complete test prep solution designed to help you pass your real estate exam on the first try.
FAQs
No, you do not! In most states, the only requirements are that you be over 18 years of age and eligible to work in the United States.
The requirements to become a real estate agent vary from state to state. For more information, find your state in our real estate licensing requirements resource.
The process to become an agent can take a few months, depending on the licensing requirements in your state and the time it takes to complete your education.
Generally, the total cost of becoming a real estate agent includes course fees, exam fees, and license application and processing fees.
You do not have to be a U.S. citizen to become a real estate agent. However, in most states, you must be a legal permanent resident.