In order to become a real estate agent it is necessary to complete the training that is required to obtain a license to work in your state. The licensing procedure and the accompanying background check are there to protect the consumers with whom you will be working. As a real estate agent, you will be in a position of trust. You will be handling sensitive information and managing large transactions for your clients.
If you want to obtain a license, you must meet the basic prerequisites to join a training course. You will need to have a high school diploma or equivalent qualification and be at least 18 years of age. The age requirement is higher in some states. It can be up to 21 years of age. If you meet the state requirements, you will need to complete a real estate training course, pass a written exam and pay a fee before you can be given your license to work as a real estate agent.
Each state has its own requirements and provides its own licenses.The training that is required may be as little as 45 hours of work or as much as 180 hours, although 60 hours is the norm. The topics that are covered will vary between states. The legalities concerning real estate transactions can be very different in different states, for example. The course will cover such topics as real estate law, the basics of transactions in real estate, and basic mathematics. At the end of the training course, you will need to sit an exam covering the subjects that have been taught.
It is important to ensure that you choose the right institution through which to study the training course in order to increase your chances of passing the exam.You should make sure that the training provider you choose has been approved by the state. Some states allow online training, while others do not. Community colleges often offer training courses.
You should find out whether the institution you are considering training with has a good reputation and how the course will be taught. A good way of assessing the quality of a teaching institution is to find out what percentage of students pass the license exam.
You should also consider the cost of the training and the timetable for study. Some distance learning courses can be studied in just three weeks, although this will require intensive work. Other courses may require just a few hours of classroom learning a week, over several months. These are ideally suited for students who need to work while they train.
After you have passed the exam, you will be licensed to work as an agent with a real estate firm. You will be able to work in the state in which you obtained the license, and you may also be able to work in certain other states which have reciprocal agreements with your licensing state.
You will need to renew your license periodically in order to keep working as a real estate agent. Some states require you to undertake additional training in order to renew your license. If you wish to become a broker and run your own firm or manage a branch of a real estate company, then you will need to take another training course and pass a broker exam.