Beginner's Guide to Becoming a Real Estate Agent
Do you get starry-eyed watching House Hunters? Do you spend your evenings binge-watching all the exciting real estate shows on Nextflix?
If so, you might be thinking of becoming a real estate agent yourself. There are definitely some perks to this career path, but like any new job, you can't just jump in and expect instant success.
In this beginner's guide to working in real estate, we'll give you an overview of what it takes to become a successful real estate agent. Keep reading to see if you have what it takes!
Have Realistic Expectations
First things first: Becoming a real estate agent is not a "get rich quick" scheme. It takes a lot of effort and dedication to build up a successful business.
Don't be fooled into thinking you're going to get your license and immediately make millions flipping houses or selling luxury mansions. As a self-employed business owner, you'll need to invest a lot of time, training, and hard work into launching your business.
Core Skills for Real Estate Success
In addition to understanding the real estate market, there are certain skills you need to nurture if you want your business to thrive.
For starters, you need to know how to market yourself. You'll need to create a website, invest in ad space, and launch email and social media campaigns (or hire someone to do it for you).
You'll also need to hone your customer service and sales skills. Why should home buyers work with you instead of one of the other agents in your area? Not only do you need to know the business, but you need to be an excellent listener and communicator.
Know What's Required in Your State
Each state has different requirements for becoming a real estate agent, so you'll need to do research for your locale.
Generally speaking, you'll need to complete between 75 and 180 hours of pre-licensing courses. This is where you'll learn about finance, law, property management, and other aspects of working in real estate. You'll likely also need to submit fingerprints and pass a criminal background check.
Once your education is complete, you'll need to take the licensing exam for your state. Don't wait too long! The sooner you take the exam after finishing your courses, the higher the likelihood that you'll pass.
Get Started With a Broker
Before you can launch your own independent business, most states require new agents to work with a broker for at least two years. In some cases, you may even need to find a sponsoring broker before you take the licensing exam.
Either way, you'll gain a lot of valuable experience during your tenure with a broker. This is your opportunity to network and learn practical skills, like how to show homes effectively. Rather than being paid a salary, you'll likely earn commissions off the homes you sell.
Thinking of Becoming a Real Estate Agent?
Now that you know more about working in real estate, how do you feel? Do you think you're up to the challenge of becoming a real estate agent?
Use the tips outlined above and you'll soon be on your way to an exciting new career!
In the meantime, set yourself up for success by learning all you can about the industry. Start with this post about how to become an authentic real estate agent.
