How To Become A Successful Real Estate Agent in USA

By | September 7, 2022

How To Become A Successful Real Estate Agent in USA

These are just the most common requests. For this reason, I recommend that you research your state’s licensing requirements as a first step.

1. Research your state’s requirements

The first step to becoming a real estate agent should always be understanding your state’s specific licensing requirements. Visit your state’s real estate commission website to gather information about pre-licensing education, the real estate exam you’ll need to pass, and licensing fees.

Every real estate agent’s journey is different. For example, many states allow licensed attorneys to practice real estate without going through the typical process. Some states also add a college degree to your educational requirements before licensing.

Therefore, before purchasing pre-licensing education, first check with your state to see if there are any special requirements or exemptions for you.

2. Choose a real estate pre-licensing course

Once you understand your state’s criteria, your next step is to take a pre-licensing course from an accredited real estate school. These courses will prepare you for the real estate exam and to work as a real estate agent in your state.

You will need to decide whether you want to take your pre-licensing course online or in person. Online courses usually allow you to get your license much faster than in-person lessons. They’re also usually better for anyone who already works full-time and wants to study on a flexible schedule.

Read reviews to see if the school has a good reputation and a high success rate. If a real estate school doesn’t publish its success rate, it’s best to find one that does.

Many states have pre-licensing course hour requirements that you will need to meet. For example, the Texas Commission requires 180 hours of work before licensing, while North Carolina only requires 75 hours. Check with your state commission for the requirements for your state.

Most states typically require some version of the following courses:

  1. Principles of real estate
  2. Valuation of real estate
  3. Real estate law
  4. Contract law
  5. Real estate practice

3. Pass the real estate licensing exam

Your license course should have plenty of study materials and practice exams to help you. Use whatever resources you can find to study and prepare ahead of time.

But don’t worry if you don’t pass your real estate licensing exam the first time, as you have several chances to retake it over the course of two years. If you do not pass after that, you will have to take the pre-licensing course again.

Your state board website will have instructions on how to apply for a real estate exam in your area.

The exam usually consists of about a hundred multiple-choice questions. It will include federal real estate laws as well as rules and regulations that are specific to your state. The price for this usually ranges from 15 to 60 USD.

The required score to pass the real estate exam will vary depending on which state you are in, so be sure to check with your state board. But on average the required passing score will be between 60% to 75%.

4. Activate your license

Once you have passed your licensing exam, you will need to obtain a copy of your results and a certificate of completion of your pre-licensing course. Then submit these documents along with your real estate license application to officially receive your license from the state.

The application process varies depending on the state you are in. It may include additional tests such as a background or fingerprint check, which can often take longer to complete.

Applying for a license can cost anywhere from $50 to $250. The time it takes for your application to be approved will also depend on what state you are in.

Some states have an automated process for sending your application materials, while others still use the mail. In general, you can expect to receive your official license between one week and two months.

Your license is something you will need to renew regularly. Again, how often you refresh will depend on your status. In general, you will likely need to renew your license every two to four years.

5. Consider becoming an official real estate agent

Joining the National Association of Realtors is voluntary, but it can definitely be beneficial for a brand new realtor. First, you will be able to officially use the title “real estate agent”. This will give you significant credibility and increase your reputation among clients.

You’ll also need to join to access most MLS databases, which are essential if you want to have the most up-to-date information on homes in your area. Additional benefits include discounts on continuing education courses, access to NAR digital and print content, and networking opportunities.

The National Association of Realtors has more than 1,400 associations across the US. To get started, you can visit its website to find your local association. To become an official real estate agent, you’ll need to apply (usually with your local council) and pay an annual membership fee of $150 (prorated for the first year).

6. Join a brokerage firm

In order to practice real estate as a brand new sales agent, you will need to join a real estate brokerage firm. Realtors are licensed by the state to promote legal and ethical practices in the real estate industry.

Another benefit of connecting with a real estate agent is that the right one will give your name more credibility as a brand new real estate agent.

It’s a good idea to get a head start by talking to a realtor before you take the real estate exam. That way, you can have a place lined up and get started as soon as you get your license.

Start your search by interviewing several brokers to find the right one for you. There are brokerages with household names like eXp Realty and Keller Williams Realty.

Real estate agents with a well-known name may be better as a brand new seller to give your name even more credibility, but connecting with a real estate agent can also be a good option.

Choose a real estate agent according to the area of ​​real estate in which you want to practice. For example, there are various brokerage firms that specialize in commercial, luxury or residential real estate.

Your broker takes a portion of your commission every time you close a trade. That’s all the more reason why you should take your time and find a real estate agent with the right culture and personality for you.

Don’t just look for the realtor with the best commission split for your agents. Instead, find a place where you will actually enjoy the work. Find a broker who can provide you with the tools, training and mentorship to support your career. Your goal should be to join the brokerage that provides the most value to its agents.

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