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How to become a Real Estate Agent?

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Talent.com talent.com
Answered February 09 2021
Career Expert at Talent.com
In the United States, there are specific steps and requirements to become a Real Estate Agent. However, the precise details may vary from state to state. In general, Real Estate Agents must be 18 or 19 years old, depending on the location they practice. They must hold a legal US residency, and more often than not, a criminal background is required.  
  
In some states, Real Estate Agents must meet minimal education standards, including a high school diploma. However, university degrees can be advantageous. Additionally, there are opportunities to further your education in real estate and study the practice in-depth at a college or university.   
  
The first active step to becoming a Real Estate Agent is to complete an applicable real estate pre-licensing course from an accredited school. The education is geographically specific, so it is essential to know the requirements in your region. Once completed, an aspiring Real Estate Agent can take the licensing exam in their state, consisting of two parts, the first being based on national principles and practices and another based on the state’s laws. There are reciprocal agreements in some states, meaning that you will be eligible to work in other states if you successfully obtain your license.   
  
Once the above steps are complete, you need to secure employment with a licensed real estate brokerage and apply for registration through that brokerage, and you can begin your career as a Real Estate Agent. 

Important things to know before becoming a Real Estate Agent
  • Salary is commission based  
Real Estate Agents earn their money via commission, which means there is no charge to the client when they initially represent them. As a result, they will achieve their salary based on the commission they make from each sale, which will vary widely based on the price of the real estate property they are selling. Real Estate commission undergoes standardization depending on the geographical location. However, this structure can be flexible, and agents should discuss the details with their clients.  
  
  • Commission is split  
When it comes to the commission as a Real Estate Agent, it's essential not to overlook the fact that it can be divided among more than one party. There are often brokers and brokerages involved who will also take a percentage of the commission earned for each sale.   
  
  • The market can be saturated  
To be successful, Real Estate Agents must be able to sell themselves to their clients. Some markets have an abundance of existing Real Estate Agents, so it is crucial to market yourself in a professional way to help grow your clientele, who will ultimately be responsible for your paycheck.
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