Did you know there are approximately two million active real estate licensees in the United States? Or how about the fact that there are more than 85,000 real estate brokerage firms operating in the United States?
With statistics like this, it’s easy to see that there is money to be made in the real estate industry.
The average real estate agent earns roughly $44,000 per year, with some earning a lot more (well into the seven figures) and others next to nothing.
The nice thing about becoming a real estate agent is that you can work either full or part-time, depending on works best for your schedule and financial goals.
If you’re ready to jump into the wonderful world of real estate, there are a few things you need to know.
1. You Have to Pass the Real Estate License Exam
It would be nice if this weren’t a requirement, however, it’s something you can’t get around.
If you want to work as a real estate agent, you need to pass the licensing exam in your state.
Every state shares information on how to become a real estate agent. For example, the Ohio Division of Real Estate & Professional Licensing website has everything you need to get started.
2. Find a Brokerage
Once you pass your exam, it’s time to find the brokerage that best suits your selling style, personality, and career goals.
Since most states require that you work under a broker for a specific period of time, such as two years, it’s best to dedicate plenty of attention to making the right choice.
If you want to find a brokerage, you don’t have to look any further than a few comprehensive online listing sites, such as Realtor.com.
Keep in mind that the steps you take to become a realtor with one brokerage may not be the same as the next. Here’s an example of how to become a realtor with one of the top Century 21 offices in Florida.
3. Work With an Established Agent
Once you become part of a brokerage, you don’t want to dive in feet first. Instead, it’s important to work with an established agent for an extended period of time.
This gives you the opportunity to ask questions, learn the ropes, and better understand what you should and shouldn’t be doing.
Note: most brokerages require this, so you won’t have the opportunity to make this mistake.
With more than five million existing homes sold in 2017, there’s a big opportunity to achieve great success as a real estate agent. Are you ready to get started?