Real Estate Agent 101 - How To Become A Real Estate Agent

Although the Great Recession is over for many years, although many still feel the effects of that prolonged economic crisis, the housing market is improving. If you ask real estate brokers and agents if it is a bad time, they will tell ye that there isn't. Agents are constantly entering and leaving the industry, which causes it to fluctuate. Top Real Estate Agents In Sedona Az Housing market fluctuations can be either up or down. Agents who truly care about helping people solve their buying and selling problems will be able to ride the ups and fall. You are an excellent people person who is able to build a business and has a desire to serve your clients. Now is the right time to apply to become an estate agent. Now is the right time to find out what it takes to be an agent. Get a real estate education You must have a background in real estate to become an estate agent. Although each state has its basic requirements for licensure, the requirements can vary from one state to another. For course and licensing requirements, make sure you check the website of your state's realty commission. You can take courses at any community college or university, as well as online. Many major realty companies have their own schools for real estate training. The subjects you will be studying in your studies include: 

• Lease and sales
• Valuation process, pricing properties
• Legal questions
• Human rights, fair housing
• Assessments and taxes
• Condominiums and cooperatives
• Regulations for land use
• Agency law
• Commercial, investment properties
• Relationship client-broker

Licensing After you have finished your basic education, it is time to prepare for the state licensing exam. There are both online and classroom-based comprehensive prep training classes. There are times when people fail the licensing exam the first time. The test can be retaken until you receive a passing score. Once you are ready to take the licensing exam you will need to register with your local board and pay a fee. The computerized exam takes approximately two hours and covers 200 questions. You will receive your results instantly after the test is completed. Now what? After you have passed the exam and completed your coursework, you will need to find a sponsoring broker. The sponsor is a professional estate broker who will guide you in developing your client list and referral network. You will work under sponsorship to help clients buy, rent, and sell property. You and your mentor/sponsor will split the commissions. After you have obtained sponsorship, you can apply for an estate license. After securing sponsorship, you will need to show proof of your coursework, results from the licensing test, sponsorship and pay the licensing fee. Before your license can be issued, fingerprinting and background checks will be done on you.