Did you know that there are over two million real estate agents in the United States? Although the market is competitive, becoming an agent is a great career opportunity.
Before jumping in, there are things you should know about the industry from how to become an agent to finding a broker. Read on to find out.
As with any career opportunity, becoming a real estate agent doesn’t come easy. Generally, a four-year bachelor’s degree is necessary and is sometimes extended to a master’s degree or Ph.D.
Depending on the state you live in, you’ll need a certain amount of hours before getting a real estate license. Check to make sure you take classes through a university that is approved by the real estate commission in your state.
2. Licensing Exam
After completing the education requirements, you’ll need to pay to take a state licensing exam. Once you pass this exam, you’ll also have to pay for fingerprinting and licensing fees.
From there, you can find a job opportunity through a broker. Choosing the broker you want to use your license with is a giant step.
3. Choosing a Broker
The job description of a real estate agent may vary depending on the broker you choose. Before going with the first broker you find, you should interview a few different ones.
Don’t overlook the smaller companies as they may fit your needs better than the mainstream ones. During the interviews ask how they conduct their support, training, and admin help.
Even though you work with a broker, you will be a sole proprietor. This means you’ll be running your own business while paying fees to the broker. Ensure these fees fit your budget.
4. Continuing Education
After establishing yourself in the business, you may need to continue your education every few years depending on the state you sell in. Prepare for these additional classes by completing them during slow seasons.
The last thing you’ll want is to cram classes in while trying to finish one or multiple deals.
To further yourself in this business, you may want to take specialized training courses. This will help increase your knowledge in the industry. You may also receive a certification or designation through this training.
When you become an agent, you’ll have the ability to set your own schedule. This means you’ll be able to balance work and social life easier.
Those with children benefit the most from this career, but the added plus is great for anyone.
Is a Real Estate Agent the Right Career Opportunity for You?
If you are looking for a career opportunity in the real estate industry, becoming an agent could be the right path for you. Once you get the proper education, licensing, and find a broker, you’ll be on your way to building a business.
Follow this guide to make your dreams come true today! Don’t forget to keep coming back for more articles like this.