Becoming a real estate agent is not easy, even though some would like you to believe. In fact you will have to constantly educate yourself to keep up with the time. My name is Pat McGuires and I will tell you what it takes to become a real estate agent through this short, but very useful guide.
First step in becoming real estate agent is education. You will have to take pre-licensing courses to satisfy the requirements of your state. States have their own laws and their own requirements when it comes to courses.
For example if you are aiming to become real estate agent in California, you will need three college level courses, while on the other hand if you are in Idaho you will have to go through at least two courses with total of at least 90 hours. Some agencies require additional terms for their agents. Best way to find out about those additional terms is to contact them and get the necessary info.
After that you will have to choose a brokerage. This is a requirement on the path of becoming real estate agent and you should be careful when choosing it. At the end of your course education you should contact a brokerage and enlist with it, which will give you additional three years of education and experience.
Once you find the brokerage that is well known and respected you should check several other things:
– Does that brokerage requires some kind of additional coursework
– How much experience (in years) will it give you
– Whether you will have some kind of mentor while you work there
– How much time does it take to earn commission checks (average time).
Next step is getting a license. To get a license you will have to pass state and national exams. And have some cash in your pocket, you will need it. You will have to pay at least 200 dollars to cover all fees until you get your license.
After you get a license create your own budget. Fees at the beginning will be over 1 500 dollars which should be divided across several expenses including courses, signs, advertising and so on.
Even though you have done all previous steps you are still just a newbie in the business and the best possible decision is to join NAR aka National Association of Realtors. Once you do that you will gain the title of realtor and more importantly you will have an affiliated brokerage.
Final step on your path is creation of client/referral portfolio. Best way to this is to find a mentor through NAR, he will take provisions from your deals, but you will gain knowledge by working with him. Asking your friends and acquaintances for referrals is good way to find new deals and to utilize network of people you know.