Comparisonsmaster
How to Get Started in Real Estate 2022
Related Topics (Sponsored Ads):
However, becoming a real estate agent is the primary reason people choose a real estate career. They have flexible schedules, and they can work independently or as part of a group.
How do you get started with a real estate career? You will need to undergo a training program and earn a license. In this article, we will provide you with requisite information about real estate, such as the steps you need to kick-start and its duration, the required qualifications and the average salary real estate agents earn.
However, becoming a real estate agent is the primary reason people choose a real estate career. They have flexible schedules, and they can work independently or as part of a group.
How do you get started with a real estate career? You will need to undergo a training program and earn a license. In this article, we will provide you with requisite information about real estate, such as the steps you need to kick-start and its duration, the required qualifications and the average salary real estate agents earn.
How To Get Started in Real Estate (Steps)
The Steps you need to take to get started with real estate legally include the following:
Reviewing your state’s requirements
Completing a real estate pre-licensing course
Passing the state real estate exam
Applying for a license
Finding a brokerage
Reviewing Your State's Guidelines
Generally, there is not a national regulatory body that controls real estate agents worldwide, but each state has different requirements you must meet to be a real estate agent. These requirements may include the submission of proof of training and meeting a specific age. It is, however, advisable to research your state’s requirements to be sure of the legal way to earn your license rather than making assumptions.
Completing A Real Estate Pre-licensing Course
Before you are eligible to take the license exam, you must complete a real estate course. These real estate courses will primarily teach you the responsibilities of a real estate agent and how to sell and buy real estate by learning the following fundamentals:
Zoning and environmental laws
Property rights
Property taxes
Law of titles, deeds and ownership
Appraisals and market analysis
These courses are, however, offered at various community colleges, real estate-specific schools that may be on-campus or online. It should take you for four to six months to complete these real estate courses in a traditional classroom setting.
Passing The State Real Estate Exam
After several months of studying a real estate-related course, you will need to undergo an examination you must pass to earn a license. This examination is always divided into two sections; a national real estate portion and the other section will be specific to your state’s law and regulations.
Applying For A License
You can only apply for your license after passing your state’s real estate exam. Although the requirements for applying for a license often vary by state, you will be required to submit proof of real estate course completion and your exam’s passing grade. You may also be required to submit proof of Errors and Omissions insurance. However, it will take at least two months for your application to be processed.
Furthermore, you may also be required to complete an additional training course after receiving your license, depending on your state.
Finding A Brokerage
Generally, real estate agents often operate under a broker to assist them in reviewing transactions. Hence you will need to search for the best local brokerage company.
Average Salary Of Real Estate Agents
On average, real estate agents often make approximately $86,366 per annum, and their salaries can range from $19,000 to $205,000 per year.
