According to some estimates, there are nearly two million active real estate agents in the United States. Working in this business offers you a lot of opportunities, but not many people know how to become licensed realtors.
Approximately, real estate agents earn $57,000 annually, and only 10% of the highest-paid agents go over $100,000. In fact, this job provides you plenty of ways to make money and compared to other careers; it’s relatively easy to get a license.
So, let’s look at a couple of necessary steps which are required to become a real estate agent.
Understand the requirements
Each state has different regulations and licensing requirements. First of all, you should visit your state’s realtor commission site, which contains prelicensing requests. They usually involve age, application fees and processes, education, exams, courses, levels of licensing, and prior criminal history.
Some states have a reciprocal licensing agreement with other countries, which allow you to get your license in one state and work in others. For example, New York’s license enables you to work in nine other countries, such as Colorado, Arkansan, Georgia, Connecticut, Mississippi, Massachusetts, West Virginia, Pennsylvania, and Oklahoma.
Enroll in a course
There are a lot of options to choose from in order to complete your prelicensing education requirements. For example, you can attend a live course, resort to home-study programs, or enroll in schools and universities. Pay attention to this step because it may determine your future career.
Make sure to enroll with a reputable school, which offers quality content and reliable instructors, who focus on positive student’s outcome. Even though this process might be overwhelming and challenging, it will provide you an opportunity to become a successful real estate agent.
Apply for an exam
Timing is everything! Follow the application process with your state, so you can finish with the exam, as soon as you are over with classes. However, each state sets the dates and determines fees. For more details, check with your state’s realtor regulatory authority.
In some cases, you will have to submit your fingerprint and to pass a background check. However, this is a standard procedure, and it will take you a couple of weeks to finish everything. In a lot of states, the application process must be completed before you can register and schedule your exam.
So, don’t let paperwork stand in your way. Get everything sorted out and proceed with further steps.
Pass the exam
It takes some preparation to pass your real estate exam, and not everyone will be successful for the first time. Therefore, take some time to study; you can also enroll in an exam prep class. In this class, you will be taking practice exams and measure your strengths and weaknesses. Always stay positive and answer the question using the comprehensive knowledge you managed to accumulate during your studies.
Find a broker
Passing the exam doesn’t automatically give you the license. You will need to find a broker who will help you complete the final paper with the state. Once your form is accepted, you will be issued with a license.