10 Actions Required to Become a Real Estate Agent
Regardless of the state in which you reside, you must complete the following procedures to obtain a real estate license:
1. Be familiar with your state’s regulations
Researching your state’s pre-license course requirements is the first step in learning how to become a real estate agent. Each state is unique, thus it is essential that you pay close attention to the courses necessary by your state.
2. Select a school for real estate
Choose an ARELLO-accredited real estate school that offers state-specific coursework for pre-licensing. You must also determine whether an online school or a traditional classroom is the best option for you. We have compiled a list of five essential questions to ask while selecting a real estate school to assist you in making an informed selection.
3. Completion of prerequisite coursework
Before taking the real estate licensing exam, all states need pre-licensing coursework of some kind. The type and quantity of required coursework will vary by state. Determine the cost of your pre-licensing education in case you need to save money or obtain financing prior to beginning a career in real estate.
4. Prepare for the real estate pre-licensing examination
Before taking the state real estate exam, you must pass the pre-licensing exam at the conclusion of your curriculum. Since many students choose online education, this exam will also be administered online. Even if you’ve been out of school for a while, you should not be scared by the idea of studying for an exam. These study tips can help you maximize your time and prepare you for test day success. After passing, you must acquire your official transcripts or a course completion certificate.
Consider a real estate exam preparation program that will help you study state-specific information for your state real estate exam if you believe you may need more assistance. Exam Prep Master prepares you for the exact topics on your state’s licensure examination.
5. Register for and schedule your state’s real estate examination
After passing your real estate pre-licensing courses, you must register for the state licensing exam. The typical application price is around $25. Determine the date and location of the next real estate exam in your state. These are often administered by independent testing institutions. On the day of the exam, you must obtain information on parking, hours, and any items you must bring.
Before you may take your state test, some states require you to submit fingerprints, undergo a background check, or carry Errors and Omissions Insurance. Ask the testing center what documentation you must bring to the test before you take it.
6. Choose a broker
Depending on your state, you may need your broker’s sponsorship in order to take the real estate exam. Choosing your broker may occur at this time or later, once you have passed your exam and are prepared to begin working. Choosing a broker to work for is one of the most important phases in a real estate agent’s career. Your broker can impact how you are compensated, how much you make, your specialty, and the professional advancement options available to you. Ensure you conduct adequate research and choose a broker whose aims align with your own.
7. Pass the state license examination
On our checklist for how to become a real estate agent, taking and passing your state license exam is one of the most crucial tasks. Each state has distinct requirements for passing the licensing exam. Consider taking a real estate exam preparation course to increase your chances of passing on the first attempt.
8. Participate in professional real estate associations
After passing the exam and receiving your real estate license, you should join your state and local Multiple Listing Services (MLS) and maybe the National Association of REALTORS® (NAR). These organizations offer significant networking opportunities and professional resources. As a member, you will be able to attend national conferences and gain access to essential research that will help you keep up with the latest trends and best practices in your field.
9. Complete all required post-licensure real estate curriculum
Several states mandate that you finish real estate post-licensing education within six to twelve months of obtaining your real estate license. Do not allow this to escape your attention.
10. Launch your real estate career
Once you have all your processes in place, announce your real estate firm to the world. You will soon begin communicating with prospective buyers and sellers, at which point you will be in business! The moment you’ve been anticipating has arrived: your first transaction. Even if you feel confident, it’s always a good idea to have a more experienced agent review your work to ensure you’re giving your clients the finest service possible. Sit back, clap yourself on the back, and smile; you’re now an official real estate agent.