Being a real estate agent is known to be a great opportunity where you are able to make a significant amount of money. However, it is no easy task to become a real estate agent, especially in the US where the laws are strict and may change from state to state. If you are considering such career, there are a number of things that you have to consider.
Here are some tips that you should consider in order to get a real estate agent license:
Familiarize yourself with the inside working of the trade
Familiarizing yourself with the main concepts related to the trade of real estate is very important. While you don’t have to master them all, you have to be aware with the set of rules of each state, especially to the locality where you plan to operate from. Also ensure that you meet all the prerequisites before you begin your pre-license education and application filing, as well as avoid losing the fee, as eligibility requirements change from state to state.
Get a pre-licensed education
While it is highly recommended that you should get a pre-license education, make sure that you go to an accredited school. This will significantly improve your credibility as a real estate agent once you’ll practice it. Get all the necessary documents on completion of the course. These may include certification, real estate transcripts and any merits.
File for a license
When filing for a license, you can visit the dedicated official government site of a particular state. There, you’ll find the information required as well as the fee details. Also take note that each state has its own real estate license application and an associated fee. There are a number of states that require the real estate agents to get an E & O (Errors and Omissions) insurance within a specific deadline, while others may require a BGC (Back Ground Check) and registering finger prints. A sponsor with at least two years experience in the field might also be needed.
Taking the exam
After filing, you will then be required to take an exam at a testing provider which is certified by the state. The testing center should explain to you beforehand regarding the test process and how it will be scored. You can also ask if that particular testing center offers simulation exams before you’ll take the real one. Then, you can schedule a date and take up the exam. As specified by each state, clearing the exam makes you a real estate “salesperson”, “agent” or “broker”.