“Steps to Becoming a Real Estate Agent”


When you’re ready to take the state licensing exam, find a broker to sponsor you. As an agent, you won’t earn an hourly salary — instead, the brokerage will pay you a percentage of commissions it collects from real estate transactions. When choosing a broker, make sure it aligns with your career goals. For example, if you’re interested in commercial property, look for a broker with expertise in that area.

Once you’ve satisfied your state’s requirements (typically a certain number of hours of courses), register for the exam. It’s best to do this as soon as you finish your courses, as the process can take weeks and may require fingerprinting and a background check. Also read https://www.acompanythatbuyshouses.com/sell-my-house-fast-arlington-tx/

The exam is usually broken down into two sections: one covering federal real estate laws and the other your state’s specific laws. Each section typically contains 60 to 100 multiple-choice questions and can include math problems that require a calculator (e.g., prorating taxes for a particular property). Most pre-licensing courses and the real estate commission offer sample questions online to help prepare.

It’s not uncommon for new agents to have a financially lean first 6-12 months as they learn their craft and build up their pipeline. But even if you don’t start making sales right away, don’t give up. In fact, Ryan Serhant of Bravo’s Million Dollar Listing New York says he made no money his first year as a real estate agent and that you should “be prepared for a slow and steady climb” to success.

A solid network of colleagues and clients is vital for your success, so don’t be afraid to reach out to others in the industry. In addition to fellow agents, you should also connect with your local trade organization. In NYC, that’s REBNY, which most major and small NYC brokers are a member of.

During your first year as a real estate agent, it’s a good idea to find an experienced mentor. They can provide guidance on your business, teach you more about the industry, and boost your confidence. Plus, they can help you develop your skillset and network.

To find a mentor, reach out to other agents at your firm and in your community, or ask an agency if they offer shadow programs for students. If you’re able to secure a mentor, be proactive about reaching out to them to schedule meetings.

You’ll need to understand all facets of the real estate industry to be successful, so it’s important to continue learning as you go. For example, you’ll want to keep up with the latest laws and regulations, as well as learn about new technology that can help you streamline your work. Additionally, it’s a good idea to expand your knowledge of architectural styles and home features so you can provide your clients with expert advice. And finally, don’t forget to promote yourself! Creating a website that showcases your listings and personal information is an effective way to get the word out about your services.


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