Essential Steps for Launching a Career in Real Estate
Getting into the real estate industry can be intimidating but it is definitely an avenue with its benefits.
While it is possible to become a real estate agent regardless of when you start – however, you need to act a certain way – like a business owner.
Becoming a Real Estate Agent
Before delving into the idea of how to close deals and generate leads in real estate, you need to first know the key steps in becoming a real estate agent.
Knowledge on Your State
There is no real estate agent license for the entire US, rather you need to focus on your specific state.
The requirements for different states are:
- Criminal History
- Exams
- Application process
- Background Checks
- Age
It is best to become knowledgeable on what your specific state requirements are for real estate agents.
Pre Licensing Course
Pre Licensing courses are a mandatory requirement for becoming a real estate agent, regardless of what state you want to operate in.
Each state has their own courses which can vary from one another, for example, the California real estate classes total to 135 hours whereas the Florida courses total to 63 hours.
These courses are a great way for you to get your foundational knowledge up and understand the laws in real estate.
Licensing Exam
The licensing exam is the next stage, which tests the knowledge you have built up from the courses you have attended.
The exams are multiple choice, and there are two parts; one for national level and the other for your specific state.
Failing any section does not mean the end, as you can retake the exam, however, different states have rules on how many retakes are allowed.
Activating Real Estate Agent License
It can cost from $200-$400 to activate your real estate license once you have passed your exam, alongside any required documents.
Once approved, you will receive your real estate license and you are good to go!
Real Estate Brokerage
Once you’ve got your license, it is advised that you join a real estate brokerage in order to build up your foundational skills further.
Being under a brokerage means you will have to follow the rules and regulations of the state and also get some experience; with a supervisor (real estate broker) overseeing your actions.
Conclusion
Overall, make sure you are sure about becoming a real estate agent before going on this journey. The costs can add up to large amounts if you are not doing well during the courses or exams, so make sure it is the fit for you.
If you are certain about this path, then make sure to build up and hone your skills as much as you can during your starting years. Overtime, you can choose to stay a real estate agent or invest in becoming a realtor yourself.