If you’ve been considering a new career with flexible schedule, you’ve probably thought about becoming a real estate agent.
It’s true that a career in the real estate industry is very rewarding. Aside from having the opportunity to work on your own schedule, the potential earnings from this market are very huge. However, while many real estate agents earn a ton of money, achieving that goal is not easy. If you want to become a real estate agent and succeed in your chosen profession, you need the right education, training, patience, and drive to compete with others. To get started, follow the steps below:
Step 1: Make sure it’s something you want to do. Being a real estate agent is truly rewarding, but it’s not for everyone. The job is demanding and very challenging. While the work schedule is very flexible, there are times that you’ll need to work more than 8 hours a day to find clients and make some sales. And even if you work under the supervision of a broker, you are often regarded as an independent contractor, which means you’re responsible for any expenses and tools necessary to provide your service.
Step 2: Complete your education. Once you’ve decided that it’s the right career for you, it’s time to invest in your education. While there is no formal degree required to become a real estate agent, you would still want to complete a college course related in the field. This will help you improve your knowledge in the business and prepare for your licensure exam and job search. Most states also require agents to have a degree or at least complete a minimum of hours of education to be able to practice. (Visit www.joinrightathome.com for available real estate courses and seminars.)
Step 3: Develop your budget. You’ve probably heard of the saying, “It takes money to make money.” That’s true in this case. Startup fees are estimated between $1,000 and $2,000, and they are divided for licensing fees and courses, business cards, board of Realtors membership costs, office supplies, advertising fees, and other expenses necessary to kick start your career as a salesperson. And since it’s a commission-based business, you’ll need to save enough cash to cover you for a few months.
Step 4: Obtain your license. Just like in other professions, you need to be licensed as a real estate salesperson to operate in your state. Each state has different licensing requirements so check your local licensing office to know the specific requirements in your area. You would also want to take a real state licensing class to increase your chance of passing.
Step 5: Choose your broker. Keep in mind that getting a license doesn’t give you an instant permission to practice as a licensed real estate agent. Most states require new passers to be working under the supervision of a licensed broker. For that, you should find a company with an established name and reputation in the industry. The company that you’ll be working for is crucial to grow your career as a real estate agent. Do your research and find a company that you believe is best for you.