Do you need a real estate Agent in or US or You are looking forward to becoming one of the real estate Agent? then below are all the information you may need.
A Real estate agents is the person who assists clients in buying, selling, and renting properties. Checkout our commercial real estate guide
Real estate agent or real estate sales person does similar work to a real estate broker, but brokers are licensed to manage their own a real estate businesses.
Real estate agents must work with real estate brokers. He is an expert in the process of listing a home for sale and promoting it, or working with a buyer to make a purchase offer.
Pay for agents varies greatly by location and property values because these experts typically are paid on commission
US qualification for becoming a real estate Agent
Education and Training
US Established establishes laws on the education, certification and exam requirements for real estate agents.
You must complete a real estate training program that includes several weeks or months of coursework.
Once you get a certificate of course completion, you take your state’s licensing exam. You must meet your state’s minimum passing score requirements.
Once you complete the exam, you can apply for you agent’s certificate or license.
While some agents attain associate or bachelor’s degrees before getting into real estate, this is not a standard requirement
Housing Market Knowledge
A seller’s agent helps the home seller price his house right for the local market, offers direction on getting the property ready for showings and sets appointments with prospective buyers.
He must be able to accurately estimate the property’s value by looking it over and comparing it with similar properties in the market.
A buyer’s agent helps his client understand the factors that go into submitting an offer.
He must also offer some direction on whether a home is priced reasonably for the market conditions.
Much of the training for licensing in real estate focuses on laws of home buying and selling.
Sellers must complete disclosure statements to confirm or deny whether the property has had lead paint
Suffered water damage or experienced other problems that could effect the buyer’s decision. Buyer’s agents need to know how to accurately complete an contract offer to purchase, because it is a legally binding document.
Buyers also must sign a lot of disclosure paperwork and other forms related to the offer to purchase.
Real estate agents are salespeople, but they take on a more consultative role in the process.
They assist buyers and sellers in completing a home purchase transaction and offer advice and counsel as needed.
The ability to establish a good level of rapport and trust with your client is key to ongoing success in real estate.
Each party relies on their agent to offer insight, communicate factors involved in buying or selling the home and education on the entire process.
In some instances, agents use more assertive selling skills to get home sellers to list with them or to motivate hesitant buyers to make an offer.
Requirements for becoming a real estate Agent in US
To be eligible to become a licensed real estate salesperson or agent, you must:
- Be at least 18 or 19 years old (depends on the state)
- Have legal US residency
- Complete your required pre-license education (find your state’s requirements)
- Pass your state real estate license examination
How to Become a Real Estate Agent
While the specifics vary by state, there are five steps that every individual must take to earn their license and become a real estate agent.
Step 1: Understand Your State’s Real Estate Licensing Requirements
Each state’s real estate licensing requirements are different.
Your state’s real estate commission website will list the official prelicensing requirements. Kaplan Real Estate Education offers a couple pages that narrow this knowledge gap down.
The Steps to Licensing page is designed to show, in simple steps, what it takes to become licensed in each state.
In addition, Kaplan offers a page dedicated to each state’s real estate licensing and continuing education requirements. See the link below for your state’s pages.
Step 2: Enroll in a Real Estate Pre-licensing Course
There are variety of ways you can choose to complete your real estate pre-licensing education requirements, from live classroom locations at local real estate schools
, some realty firms, universities and technical schools offer real estate licensing programs, home-study, and online real estate education.
This is an important decision in your journey.
Make sure you enroll with a school that has a good reputation, offers quality content and instructors, and is focused on positive student outcomes.
Your real estate licensing education will be difficult and comprehensive, but it will also be the springboard to a successful career as a real estate professional.
Step 3: Apply To Take the Real Estate Salesperson Exam
Timing is important at this step.
Make sure you are following the application process with your state so you can sit for your real estate agent exam soon after you finish your real estate licensing classes.
This process will be state-specific and include a fee.
Check with your state’s real estate regulatory authority for complete details. Some states require you submit fingerprints and pass a background check.
This can take weeks to process. In many states, the application process must be complete before you can register or schedule your exam date. Checkout real estate investment fund
Don’t let the paperwork become a roadblock to getting started in your new real estate career.
Step 4: Pass the Real Estate Salesperson Exam
Passing the real estate exam takes more than finishing the educational requirements—it takes preparation. Not everyone passes the exam the first time.
Preparing yourself to pass the state exam takes additional study time.
Kaplan highly recommends enrolling in an exam prep class.
Because the ultimate goal is to help you pass the exam, most of Kaplan’s pre-licensing packages include the comprehensive Exam Prep Course.
Taking practice exams, measuring your strengths and weaknesses, and working through comprehensive topical review will sharpen your knowledge and prepare you for exam day.
Show up to the exam location with a positive attitude, answer the questions using the massive
knowledge bank you accumulated in your studies, and walk out with a passing grade on your state real estate exam.
Step 5: Find a Real Estate Broker
Your passing grade on your state real estate licensing exam doesn’t quite mean you have a license yet.
A real estate salesperson (agent) is licensed to act on behalf of a broker and may not act as a real estate agent independently.
Consider finding a real estate broker early in your licensing process.
Once you have completed your pre-licensing education requirements and passed your exam, you and your broker will both need to complete final paperwork with the state.
Once the form is accepted, your license will be issued, and you may practice real estate under the sponsorship of the broker.
Keep in mind that there are a number of items to consider when finding the right real estate brokerage.
Some of the Top Real estate Agents in US are the following:
America Home Center
ATCO Residential Group
Austin Schuster Group
Avatar Holdings Inc.
Coldwell Banker Hunt Kennedy
Colliers ABR, Inc. (CABR)
Colliers International USA
D.J. Knight & Company, Ltd.
Eliot Jordan Enterprise
Golden Feather Realty Services Inc.
Lord Baltimore Properties