Being a real estate agent is a great way to make money! However, before you can become an agent, you must be licensed as such. Each state has its own licensing requirements for agents, so it is important to know what regulations exist in your area.
Some states require only that you take courses and test out of school, but most require that you are at least 16 years old, have some sort of high school diploma or GED, and show proof of having studied business.
After graduating from college, many employers will give aspiring real estate professionals a chance to prove their skills by putting them through either the General Certification in Realtor Professionals (GCRA) or the Residential Sales Specialist (RSS) certification programs. Both of these focus not just on sales, but also on other key areas like marketing, property management, etc.
Make a plan based on your date of completion
Even if you already have a real estate license, it is still important to know when to stop educating yourself as a real estate agent. It is totally okay to leave this career at least once!
If you want to be a successful real estate agent, you must understand how many years it takes to achieve that goal. There are lots of ways to position yourself as an expert in the field, but only some of them will actually pay off.
So what does it take? To become a real estate agent, you need to be enrolled in college or university for at least two years. You can’t expect to earn your broker’s license after completing just one year of classes.
But why do we say at least two years? Because most people start looking into becoming a real estate agent during their sophomore year of high school.
Take classes until you get your real estate license
Even if you already have your real estate broker’s license, going back to school is worth it! There are many ways to become licensed as a real estate agent in Canada without having to be completely academically prepared.
Many brokers start out with no more than their degree and then go onto take licensing courses through REI (Regional Representatives Association) or The Canadian Real Estate Association (CREA). Both of these organizations offer certification programs for agents that do not require academic qualifications.
There are also several universities across Canada that offer professional real estate degrees. While most students will need at least an undergraduate degree before being accepted into these schools, becoming a real estate agent does not necessarily require earning a bachelor’s degree.
Some individuals only require a certificate, diploma or master’s level qualification instead. These types of licenses are usually from one of the national regulatory bodies such as CREA or The Royal Institution of Certified Public Accountants (Ricpa).
Practice! Practice! Practice!
Being a real estate agent is not a job for novice professionals unless you want to be frustrated with your career choice. While it may seem like a simple profession, there are many things that can get complicated.
Real estate agents must take licensing exams in order to work. These tests vary from state to state but all include some kind of writing component as well as being familiar with the laws related to selling and buying houses.
Practicing on live clients is one of the best ways to develop your talent as an agent. You will need to have adequate amount of money saved up before becoming licensed so that you are not discouraged when you make a small investment and lose money.
Once licenses are received, agents are paid per transaction– whether it’s a sale or a purchase. This can add up quickly if they are doing several a week.
Get your license!
Now that you are ready to take the real estate licensing exam, there is one thing left for you to do. And it’s just as important as deciding whether you want to be an agent with a big agency or a small agency.
It’s choosing which state you want to take the test in. There are actually two different tests available at this time – both AREE (agent registration examination) and CRE (real property) licenses. Which one you choose depends mostly on where you live.
Most states offer both exams, but some only offer the ARE program (Agent Registration Exam). Others may not even have the less rigorous general education requirement for becoming an agent. And finally, there are a few states that don’t offer either test altogether.
So what’s the best option if you live somewhere that doesn’t offer both? That would be to pick whichever one they offer first and work towards getting the other later. Almost all states order their testing by how much money people pay to sit for each one, so really it comes down to budget decisions.
Consider starting a business
Starting your own real estate business comes with its own set of rules and regulations, but you are not limited to just selling houses! In fact, there are many ways to get into the real estate industry without having to be a licensed broker or agent.
There are several professions that involve helping people find and/or sell homes. These include appraisers, mortgage brokers, house inspectors, listing agents, and more. All of these professionals must pass certification exams before being allowed to use their credential.
These certifications vary in what they focus on, but all aim to give you the basics of the profession and qualify you to work independently as an professional. Some even offer advanced courses for experienced professionals looking to take it one step further.
Image via Pixabay
It is totally acceptable to start out working as a non-licensed professional before earning their license. However, if you want to advance within the field and grow your career, becoming certified is the best way to do so.
People who aren’t fully trained will probably not look very professionally doing their job, which can negatively affect your reputation. If you ever feel like someone isn’t practicing proper professionalism, report them to your superiors or the authorities. It’s everyone’s responsibility to make sure others are acting appropriately.
Consider hiring a consultant
Being a real estate agent is an expensive profession that requires you to invest in materials such as test books, training courses, marketing tools and advertising campaigns.
Most people start working as a real estate agent after completing at least one year of college or advanced education. However, some agents begin right away without any additional schooling.
The trick is finding out how much education is needed to be considered professional before starting your career.
There are three parts to being a real estate agent. They are licensing, certification and membership. Licensing requires passing a test which demonstrates that you know the rules and regulations for the field, while certification proves that you have mastered those rules. Membership into a real estate association is usually not free, but it does help promote the industry and recruit new members.
Decide based on your skill level
There is no hard and fast rule when it comes to how many years it takes to be a real estate agent. Some individuals start working right away, while others do not begin until much later.
Everyone has their own speed at which they learn best so there is nothing wrong with setting your goal a little higher than someone else’s.
You should know that being a real estate agent is a job like any other so you will need to have enough skills related to business and marketing before jumping in.
Making sure you are trained in your area’s laws, finance, communication techniques, and professionalism are all very important things to consider.
Stay current on industry trends
Being a real estate agent is not something that will stay still. The market constantly changes, what features are needed for agents to do their job effectively and how agents advertise themselves can be very different now than they were even two years ago.
Being aware of these changes is important as an aspiring real estate agent. Technology has made it much easier to keep up with the ever changing field, from software to working tools.
By staying informed, you will make sure your business is running efficiently and you’re using the most effective strategies possible. You will also ensure that you are meeting any necessary requirements to become licensed as a professional Realtor.
There are many ways to remain in touch with the latest developments in the profession. Some people find social media groups or seminars more helpful than talking about technology used for realtors. What works best for you depends on your style of learning and communication.