1. Get Educated
No matter where you live, you need to take pre-licensing courses. Thereby, state requirements differ significantly. For this, contact your real estate commission for your state requirements for licensing. Few real estate agencies have particular education requirements, so you may have to opt for an additional course after being recruited on with a company.
2. Pick a Brokerage
A real estate brokerage is a firm or office for which the brokers and real estate agents work. You need to contact the broker before going graduation for your training courses. Brokers have three years additional real estate training and can advise you better when it comes to the working in this domain, as well as selling and listing homes.
3. Obtain License
Real estate licenses need the passing of the national and state exams. Also, you may have to give the criminal background check. Between the courses, licenses and exam fees for the real estate salesperson, you can expect to pay $200 (although rates may vary from state to state).
4. Make budget
While becoming a real estate agent is not too low cost, it is cheaper than entering many professions. The startup costs are between $1,500-2,000.
5. Make the Real Estate Agent/ Realtor decision
To use the title’ realtor,’ you must join the National Association of Realtors (NAR). It is done by selecting a well-qualified brokerage and also attending some meetings designated by your local chapter.
6. Make your Referral/ Client Portfolio
The excellent way to create your portfolio is two-fold, i.e., get a mentor and utilize your network. Pick a mentor in the real estate firm who guides you towards the seller/buyer contacts and splits commission. Ask your friends and family members for the references of people whom you are considering for selling or buying a home. It also helps to start networking well.
Becoming a real estate agent is same as starting a tiny business. Even though you will work within the brokerage of well set real estate agents or realtors, you need a startup fund for the business expenditure and to cover the few months of personal expenses while you create your clients base.