Real Estate is a popular career choice for a lot of different types of people. It’s actually rare to find someone that grew up wanting to be a real estate agent. With the typical Real Estate License Requirements being considered a low barrier to entry (relatively speaking), low cost to start up it’s a great business to start for entrepreneurs. Add on top of that that the you can make a great income doing it part time. It’s the ultimate side-hustle.
That being said, it’s not always what’s best for the consumer. Some States realizing this have made it a bit harder to get a real estate license than others. In a nutshell, in order to collect a commission (legally) for helping someone buy or sell real estate you must have a a real estate license and that answers the simple question of, “How Do I Become A Real Estate Agent?“
Answering this is much tougher than one might think, mainly because it depends completely on the state. Each state regulates their own real estate licensing process and each state has it’s own set of rules. However, there are some basic things that seem to be true of every state.
To be eligible to become a licensed real estate salesperson or agent, you must:
Each state varies on the length of the course and what’s covered in Pre-license. Once you are licensed you’ll usually be asked to take a post-license course. Typically, pre-license covers terminology, real estate law and some of the technical processes, whereas the post license covers more day to day responsibilities of a real estate agent.
Keep in mind we’re discussing Real Estate License Requirements for Real Estate Agents, not Brokers.
Before you jump in, you might have a few questions around becoming a real estate agent.
Most people that choose real estate as a career are lured into it by the opportunity for a great income and freedom of their schedule. However, unlike what HGTV shows or what might be perceived if you went through the process of buying or selling a home, a real estate career is one of the toughest (yet rewarding) you could select if you want consistent income. Even when you join a brokerage you’ll still ultimately work for yourself. You’ll need to spend at least half of every working day making contacts with new opportunities. The other half of the day can be spent on appointments or blocked out for paperwork. You should decide upfront how committed you are to your income goals and dreams. Use our directory to reach out to real estate agents near you and ask them about their day to day life.
Not much when compared to other businesses or franchises. In fact, the only businesses that are less expensive are network marketing companies like Avon and Amway. According to recent statistics, it cost the average real estate agent $1,500 to start their business. Keep in mind even this can be off-set by a Broker. Many Brokers are actually “recruiting” agents (vs hiring them) and will offer to pay for classes, business cards, signs and more. Also keep in mind that if you take a Broker’s offer for “free” education it likely means you’ll be splitting a good portion of your earnings with them for some time. For some the trade-off is more than worth it.
This is answered more in depth on our How To Become A Real Estate Agent Page.