A real estate agent is one of the most coveted careers across the globe. Many people switch from different careers and occupations to join the real estate industry as agents. So, how does one become a real estate agent? Read on to find out.
To practice as a real estate agent, you must be awarded a state license in the state you want to practice. The real estate licensing process is regulated by state rules and regulations that differ from one state to another.
Eligibility Requirements to Become a Real Estate Agent
Although the rules and regulations guiding the real estate licensing process differ from one state to the other, there are basic requirements that are constant. To qualify to enroll as a real estate agent, you must meet the following criteria:
- Must have attained eighteen to nineteen years of age. The minimum age requirement differs from one state to the other. Hence, you must confirm the minimum age with the state you want to practice with the real estate regulatory authority.
- You must enroll and complete your real estate pre-licensing program. The requirements for registering differ from one state to the other. Just like the minimum age limit, you must confirm the requirements before joining the program.
- You must sit for and pass the real estate license exam in your state of choice.
Steps to Acquiring a Real Estate Agent State License
The first step to launching your career as a real estate agent is always deciding whether it is suitable for you or not. As a real estate agent, you will be tasked with dealing with sellers and buyers, coming up with prospective business leads, managing your leads’ contacts, and handling paperwork and management in your office.
Before you can enroll in the real estate pre-licensing program, you must decide whether you are ready to treat your job as a hobby or a full-time commitment and whether it is the right career path for you.
Once you have made up your mind, you must commence your licensing process by learning and understanding the licensing requirements of the state you choose to operate. The licensing requirements are listed on each state’s real estate commission website. Once you have understood what you are required to do before joining the real estate industry as an agent, you can commence your journey by:
Enrolling in a real estate licensing course
The real estate license course can be offered in various ways, including live classroom locations in local real estate schools, real estate licensing programs provided by real estate firms, technical schools, colleges, universities, homeschooling, etc., and online real estate license education programs.
The school choose must have a good reputation, competent instructors, and offer quality content. Choose a school whose curriculum covers practical and theoretical real estate aspects.
Apply to be allowed to sit for the real estate agent examination.
Once you have completed your real estate licensing program, you must apply to sit for the real estate agent exam. The exam is offered at a fee by the state’s real estate regulatory authority. In addition to completing your real estate licensing course, you will be required to submit some paperwork before sitting for the exam. These may include fingerprints, background checks, etc.
Pass the real estate agent examination
To be allowed to operate as a real estate agent, you must pass the real estate agent examination. You might not pass the test the first time; hence must apply to sit for the exam the second time and pass. Prepare in advance by taking up additional time for study to avoid failing.
Link with a real estate broker.
The licensing process does not end by attaining an excellent grade on your real estate license examination. A real estate agent cannot operate independently. The state’s license allows you to perform on behalf of a real estate broker.
While still in the real estate licensing process, you must link up with a real estate broker to help with completing the final paperwork with the state. The form completed must be accepted for you to be awarded a license. There are several things to consider when finding the right real estate brokerage.
The real estate industry is easily affected by interest rates, employment rates, state policies, local economy, etc. Problems affecting the real estate industry make the career life and operations of a real estate agent challenges. You must be ready to adjust to the changes that come in the line of your business.