What You Should Know Before You Become A Real Estate Agent

What You Should Know Before You Become A Real Estate Agent

Real Estate Agent Definition

A real estate agent acts as an intermediary between a buyer and a seller in a property transaction. Whether it’s residential, commercial or industrial property – the role of a licensed professional is an extremely important one, which is why the real estate sales industry in one of the most popular among job seekers today.

New licensed agents are employed by firms that are managed by brokers. No matter what part of the world you may live in, you can always find sellers who wish to sell and buyers who wish to buy. The training requirements and license regulations to become an agent vary from State to State in the U.S., and country to country as well.

Real Estate Jobs

There is a variety of job opportunities available for individuals that are interested in pursuing a career in the property sales. As long as you meet the qualifications and have completed the proper training (once again license requirements depend on your geographical location), you are one step closer to getting hired.

Whether it’s through a private brokerage looking to hire their own agents or a company that offers rental property management, commercial trading, investment services or land development, your chances of getting hired are excellent.

Getting Your License

Each state does require that an agent be licensed, without a license you will be breaking the law.

Most states require that you first get a license before joining a brokerage as an agent. In other states, a new agent must obtain a sponsoring brokerage before pursuing a license.

The steps vary from state to state but usually involve minimum age and education requirements, as well as application and other state specific fees. Licensing requirements also involve extensive coursework and passing a state exam.

How much does it cost to get a real estate license?

Making a commitment to a career in property sales also includes a number of financial considerations. In general students will be required to pay for course and exam fees, license fees and state specific fees.

The costs associated with getting a real estate license varies from state to state.

The following is a sample of various initial and ongoing budget items that need to be considered:

  • Licensing Course fees
  • License Registration fees
  • Criminal Record Check fee
  • Board/State fees
  • Brokerage Desk fees
  • Insurance fees
  • Training fees
  • Continuing Education fees
  • Advertising and Marketing costs (e.g. business cards, professional signs, website design and hosting, flyers and brochures)
  • Communication costs (e.g. phone, computer, printer, internet access)
  • Transportation costs (e.g. car payments, insurance, gas)
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