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Becoming a Real Estate Agent Before knowing the steps on becoming a real estate agent, it’s best to have a clear understanding first on the differences and functions of the following terms: real estate agent or real estate associates is one who has taken and passed all the requirements state requirements, such as real estate classes and licensing exam; realtor is a real estate agent, but, at the same time, a member of the National Association of Realtors, abiding by the association’s standards and code of ethics; real estate broker is also a real estate agent, but passed the real estate broker license exam, works independently with other agents working for them. In trying to become a real estate agent, one has to meet these three goals: get the right education, pass the state and national licensing exams, and find and work for an established real estate broker who can provide you your first clients.
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Get in touch with your state’s real estate commission and inquire on the real estate education requirements, before enrolling in the pre-licensing courses, since some states have their own requirement rules as to the number of hours of classes; for instance, California requires 3 college level courses, while Idaho only requires two courses.
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Part of the prerequisite of completing a real estate education is to practice as a real estate agent in a real estate brokerage, which is an agency or company where licensed real estate agents and brokers work, because it is there where you can get as much advice from brokers, as well as getting involve into the business of selling and dealing with real estate properties. Do some research online on brokerage firms in your area, before applying for apprenticeship in a brokerage, and look for these aspects: size of the brokerage, reputation and if there are additional training offered, and, once you have selected a few firms, it is equally important to ask them these questions, so the information you get from the interview may give you a definite idea on what each firm is like, as well as allowing the firm to size you up: does the brokerage firm require additional course work, how many years is the firm operating, will the firm assign a broker to train you, what kind of client contact style is the firm applying, and how long will an agent receive an average commission. To take the state and national licensing exams, after completing the real estate course, which includes the apprenticeship training, be prepared to meet these requirements: provide a criminal background check, pay exam and license fees. And when you have passed and have a license, develop a real estate agent budget such that the estimate budget cost is from $1,500 to $2,000, which includes additional licensing courses, business cards, signs and advertising and association fees.