Many people decide to become real estate agents when they see how profitable the field is. They choose to take it as a career because they may have had bad experiences in their previous career. Are you one of them? But you may have the question of how to become a real estate agent with no experience. Here you will learn about all the information you need about the real estate career. Also, you will come to know how to become successful in this career. Do you know how much an average real estate agent makes?
A real estate agent salary is $45,990 each year at the beginning of his career. But after selling more houses their income can increase. This is good news if you want to try your hand in this field. But you have to try hard to learn the skills necessary to thrive in this career. Continue reading to know more.
Table of Contents
Requirements to Qualify to Become a Real Estate Agent
Here are some of the points that will help you if you want to become a Real estate agent.
- You have to be more than eighteen or nineteen years of age. The age requirement will differ according to country.
- Get citizenship of the country you are part of.
- Finish the prelicense education.
- Qualify and pass the real estate license examination.
So if you are wondering how long does it take to become an agent it will take about four to six months. But it depends on where you reside. Some of the general steps that happen before the prelicense education may vary.
How to Become a Real Estate Agent?
1. Become aware of the Real Estate Licensing Requirements
If you want to become a real estate agent, then you must acquire all the knowledge about the Real Estate Licensing Requirements. It differs according to country. Furthermore, your country’s real estate commission website will contain the official prelicensing requirements. This will tell you how to become a licensed estate agent. You will also know about education.
2. Join a real estate prelicensing course
This is a course that will enable you to become a real estate agent. You can enrol in the course and learn about the career through classroom sessions, realty firms, technical schools or universities. Moreover, you can also opt to learn from your home or through online classrooms.
This is a step that will help you to learn all the important information. You will need quality instructors and mentors who will offer you the required lessons. This course will be difficult but it will prepare you to become a good agent.
3. Write a real estate Salesperson Exam
This is also one of the steps to become a real estate agent. After completing the real estate course you can apply for this exam. You may have to pay to write this exam. To write the exam you have to give your details and apply.
4. Get a good Real Estate Broker
If you complete the course and pass the tests you have to find a real estate broker. You may not be able to work as a real estate agent independently so you will need a broker. Try to find the broker soon. Then you and the broker have to write paperwork to get the estate agent license. After that under the sponsorship of the broker, you can start your work.
Why Become a Real Estate Agent?
Many people like to become a real estate agent because it is a great job. You do not need a college license to become an agent. So you can start your career in the real estate field without having college qualifications. Then another benefit of becoming an estate agent is that you can work based on your schedule. You indeed have to work hard at the beginning. But after a few years of working, you can pick the time you want to work.
Sometimes if you do not feel like going to work you can also work from home. Then if you like conversing with new people this is the job for you. You get to meet lots of people when you become a real estate agent.
What real estate agents do?
A real estate agent is a person who manages the selling and renting of a person’s property. They also work under a Real Estate Business firm. He or she keeps up with the market and the industrial news of the country. Moreover, the agent knows how to do paperwork and files on important documents such as real estate agreements and records.
Sometimes an agent replies to emails and calls that the firm gets from the clients. They work with many people to make successful sales of properties. He or she has to converse well and know how to get along with all people.
How Do Real Estate Agents Get Paid?
Real estate agents get commissions from the sale and purchase of the property. The arrangements get made between a broker and the agent. They split the money when they receive the commission from the client. If an estate agent works with lots of clients than his or her profits in the real estate market will be tremendous. That is why many people choose to become estate agent. An agent can get $75,000 a year if he works on a property each year.
Moreover, even two closings a year can increase an agent’s yearly income to $150,000. So a real estate broker and an estate agent have to work hand in hand to get paid.
How to find a real estate agent?
- A client has to first talk with a lender before hiring an agent.
- They can get referrals from their network.
- Then they have to research the potential candidates.
- After that, they have to interview the agents to know more about them.
- Ask for their references and check.
- They have to choose the one they prefer.
- Lastly, they have to make the arrangements with them for the contract.
These are the steps a client has to follow to get a good real estate agent. Their friends or family will refer a good agent to them or they may see an advert.
Is Real Estate Agent the Right Career for You?
If you are wondering whether to become a Real estate agent, then have a look at the advantages of the career. Then think about the possible obstacles you may face. Many people work as an estate agent full- time but others work part-time. It is a perfect job for house makers. They can stay and look after their family and also have time for the job.
If you think that you have the knack for buying, selling or renting houses then become an agent. As we saw earlier you have to finish the course first, get a license and then a broker. The real estate career is a field where there is always a demand for more workers. As many people are always engaging in the work of buying new properties or selling them they need good estate agents.
Getting a license is an easy part of becoming an estate agent. Then the agent has to work hard to get a good footing in the career. This can sometimes be hard. If you want to become an agent you have to put in a lot of commitment, time and effort. It will help you to become a successful estate agent. If you make one good sale, then the clients will refer you to other clients. Be professional in your career and show concern for the client’s needs. This is an important step.
Conclusion
These are the steps that will help you to become an estate agent. So start now if you want to achieve your dreams.
Also read: What is A Mortgage Broker?
