Looking to get a real estate license and embark into the world of buying and selling property? Then you are at the right place to learn more, as we cover the steps you need to follow to get a license in most parts of the world. Once you meet the minimum requirements needed for a real estate agent, you can use the steps outlined below. The steps helpfully guide you through the process of getting a real estate license from start to finish, and allow you to quickly launch a solid career.
Ensure that you are qualified to apply for a real estate license
Before applying for a real estate license ensure that you are 18-21 years and over, as you have to be able to buy and sell property legally. Additionally, some countries require that agents be citizens. Also while a real estate agent does not require a college degree it is ideal that they have at least a high school diploma.
Sign up for a pre-licensing course
Agents in several parts of the world have to take a pre-licensing course to learn the basics of buying and selling property, and complete a minimum number of hours. To ensure that you have taken the appropriate courses you need to research those which are required, and then finish them online or by attending classes in person.
Appear for an exam to get a real estate license
Successfully completing the pre-licensing course allows for prospective agents to take up the actual exam to get a real estate license. Since passing the licensing exam the first time round is a good idea, ensure that you have prepared properly by contacting fellow agents and have studied what you need to. However, if you end up failing the exam you normally will be offered a chance to retake it within a year.
Work for a real estate firm or get them to sponsor you
After passing the exam, agents often tie up with real estate firms that connect buyers and sellers. Once you have found brokers or firms who want to collaborate. You can check the fees, commission and training they provide, select the right one for your needs and enter into an agreement with them. Some countries also require agents to have a sponsoring agreement in hand before they can proceed to the next step in getting a license.
Submit an application for a license
After a sponsor provides you with a written agreement it is time to get your license approved. Getting a license approved by the relevant real estate commission in a country can take several weeks. In some countries a sponsor is not required, but the approval process will include a background check. Additionally you will have to pay the fees applicable when applying for a license.
Start to expand your network and create a website if required
Working as a real estate agent and becoming successful at your job requires a lot of network building. To start building your network of contacts look into joining an association of realtors. Also choose an area in a country or state to focus your sales and marketing activities, set up a website if required and invest in a top notch CRM to manage your clients.
Finally in most countries getting a real estate license is just the beginning. As the license has to be renewed every few years, if you want to keep working as an agent.