More and more people are turning to the real estate industry to increase their employment opportunities, achieve financial freedom, and get away from a 9-5 office life. Becoming a real estate agent requires time, focus, and dedication, but the rewards far outweigh the initial work. Keep reading to find out how to get started as a real estate agent and eventually earn a 100% commission on real estate sales.
Education & Study
First, you need to take a pre-licensing course from an accredited real estate licensing school. The credit hours vary from state to state; in Florida, you need 63 credit hours, and in Georgia you need 75 credit hours. You can typically choose between online classes, in-person coursework, or community college classes.
Obtaining a License
Obtaining a license requires you to pass your state licensing exam. This exam might cost between $100-300. The exam is administered via computer and consists of two parts: a state-specific section and a national section. You need a passing grade on each section; however, if you don’t earn one you can retake the exam. Then you need to submit an application, supporting documentation, and fees to your state’s real estate licensing organization.
Finding a Brokerage
Some firms will allow you to start working before your license is approved, but not as a real estate agent. You might be permitted to do administrative tasks or research. When your license is approved, you can work as a real estate agent in your state only. As a real estate agent, you are working under the supervision of a broker. Instead of earning an hourly salary, you will earn a percentage or commission on successful real estate sales. Even after becoming licensed and joining a brokerage, you will need to keep up with your state’s continuing education requirements.
At LoKation® Real Estate, we offer 100% commission on real estate sales through our brokerage. We believe in investing in our real estate agents, and offer the support, training, and tools needed for you to further your career. Contact us today to investigate career opportunities as a real estate agent in Alabama, Colorado, Florida, Georgia, South Carolina, or Texas.