Real Estate Agent 101 – How to Become a Real Estate Agent

The Great Recession has been over for several years and although many people still are feeling the strains of that protracted economic debacle, the housing market is improving.Ask some estate agents and brokers if there is a bad time to be in real estate and they will tell you, “No.” The estate industry fluctuates with agents entering and exiting the business. The housing market is up, down, or stable. Those agents who are truly committed to helping people solve their property selling and buying concerns will ride with the ups and downs.If you are a people person with dedication, ability, business-building time and a desire to be of service to your clients, now IS the time to become an estate agent. And now is the time to learn about how to become an agent.Get a real estate educationTo be an estate agent, you must study the business of real estate. Each state has basic requirements for licensure although the actual requirements vary from state to state. (Be sure to check your state’s real estate commission website for course and licensing requirements.) Courses can be completed at some community colleges and universities, online, or real estate schools. Some major realty firms have their own real estate training schools.Your studies will include subjects in:

Sales and lease contracts

Valuation process, pricing properties

Legal issues

Human rights, fair housing

Taxes, assessments

Condominiums, cooperatives

Land use regulations

Law of agency

Commercial, investment properties

Client-broker relationship
LicensingOnce you have completed your basic studies, it will be time to prepare for your state licensing exam. Classroom-based and online comprehensive prep training classes are available. Some people don’t pass the licensing test the first time; the test can be re-taken as many times as you need to receive a passing grade.When you feel ready to take the licensing exam, you must register with your local estate board and pay a fee. The computerized exam generally takes two hours, and covers 200 questions; the test is computer scored and you will receive your results immediately.Qualified – now what?Now that you have completed your basic coursework and passed the exam, you are required to find a “sponsoring broker of record”. This sponsor is the professional estate broker who will mentor you toward developing your own client list and referral portfolio. Working under sponsorship, you will help clients to buy, sell, or rent property. The commissions will be split between you and your mentor/sponsor.Once you have secured sponsorship, you may apply for your estate license. You will be required to provide proof of your coursework, licensing test results, sponsorship, and pay the related licensing fee. Fingerprinting and a background check will be completed on you before your license is issued.I am a real estate agent!You may not complete any estate-related transactions until you receive your license. But once it arrives, you will begin developing your business, handling sales transactions and developing into the real estate agent you only imagined being a short while before.You may eventually decide to focus on a particular area of real estate, become a real estate broker and own your own company, or develop a career with a major real estate firm. Many options and opportunities are waiting for you. Congratulations, estate agent.

Take an Online Real Estate Investing Class

That’s because every investor needs to continue their education and learn from someone with more experience in order to succeed. Not only are real estate investing classes a great way to gain this knowledge, but they also provide a great way to network with other investors. Sometimes, professional investors with years of experience teach real estate investing classes.The cost of these classes is worth the interaction with such a successful figure.Real estate investors looking for real estate investing classes truly have a wealth of choices. This is great news, because real estate investing classes are an investment of time and money — both of which are non-renewable resources. Before you spend your precious hours and your dollars on any class, you should investigate to make sure that you select the right class.One of the choices you will need to make when selecting real estate investing trainings is what sort of class to take. Community colleges, professional organizations, and other institutions offer in person classes. These real estate investing classes are the traditional learning experience – you learn in the classroom, and interact with your fellow students and instructor in person. In addition to these, though, there are also real estate investing classes available online.These distance education courses allow you to interact with your fellow investor peers and investment instructor via e-mail.There are some advantages to in person real estate investing classes.For one thing, networking is made simpler by person-to-person interaction. You can truly get to know your students and your instructor on a face-to-face basis. Of course, that is if class size is small enough to accommodate much interaction. Also, in person real estate investing classes do require a higher level of commitment. If you have a hard time committing to studies, having to show up at a specific classroom on specific dates can provide you with the structure you may need in order to stick with it.That said, though, there are number of advantages to online real estate investing classes.One of these advantages is cost. Because online classes do not require building fees, commuting, and other associated costs, they can be less costly than on-campus courses. Secondly, online real estate investing classes give you more options. If you do not live near a college or university that offers quality classes from a qualified investor, you can easily take excellent programs with very experienced and qualified instructors from the comfort of your own home. Many online real estate investing classes are very sophisticated and useful. In many cases, less time is spent on housekeeping items and on chatting, and there is more of a focus on actually learning the material you need to know.In addition, online real estate investing classes are useful for those investors who have busy lives. These classes can often be completed on a self-paced basis. You can study when you have the time, even if your days are already filled up with previous commitments.Ultimately, whichever sort of real estate investing classes you select, you should be looking for the best classes you can afford. Look for classes taught by qualified instructors who themselves have achieved considerable success in real estate investing. Look for classes that have excellent track records and which are highly praised by previous students.