The real estate industry is booming! With the economy cruising along and consumer confidence back at high levels, people are buying and selling more homes.
What does that mean for you? Forecasters are predicting that the real estate industry looks good for the foreseeable future, indicating that if you’ve had thoughts about entering the field, now is the ideal time to do it! However, before you do, you may be wondering just what it takes to make it in this fast-paced industry. With all the different realtors out there, you want to make sure you take the necessary steps to stand out! Let’s break the process down and look at how you can start your new career as a realtor.
License to Thrive
First things first—get your education. The main requirements for becoming a real estate agent vary from state to state. However, all states require some training and an exam before you can obtain your real estate license.
States sometimes change their requirements for licenses and add continuing education as a demand for real estate agents, so it’s essential to check your state to find out what you will need to do.
As an example of the differences from state to state, Florida requires individuals to participate in 63 hours of pre-licensing courses in the classroom. Michigan requires 40 hours of the Michigan Real Estate Fundamentals course. These are just two examples: you can check here for your state’s requirements.
Pre-licensing coursework involves taking classes either online or in-person. These classes will teach you the fundamentals of the industry so that you’ll be prepared for the exam.
Choose the Right Company
Some states want you to have a waiting brokerage already in place before you take the exam. However, even if a state doesn’t make that requirement, it’s helpful to have a brokerage in mind. You may also want to connect with a company beforehand to find out if they have any tips or suggestions for pre-licensing courses and so on.
When selecting your brokerage, you’ll want to make sure that you find one that will be best for your career needs. Here are a few things to look for:
A Brokerage with Leads
You’ll make more sales with a brokerage that provides you with high-quality leads regularly. That means you want to have a broker who has a strategy for obtaining leads. Brokers with a solid marketing plan ensure you will have your fill of good leads!
Positive Company Culture
Culture is an essential component for real estate agents to consider. A company’s culture defines its mission, values, the way it intends to work with you. For example, some brokerages may operate more from a distance, and not be too closely involved with the agents. Others are more “hands-on”—you decide what type of culture is important to you.
Cutting Edge Training
A broker that invests in offering training for the agents is one that is committed to its company and the agents. This will benefit you as continuing education is essential to move up the ladder in the business and stay competitive.
Franchise? Or Independent Brokerage?
You’ll also need to decide which type of brokerage suits you best—a franchise or independent brokerage. Each one of these comes with its own unique culture and benefits. With a franchise, you have name recognition, but you’ll likely be accountable to someone. An independent brokerage, by comparison, may have an excellent local reputation and give you the freedom to grow as you please, even though they don’t have a national name.
Join the National Association of Realtors (NAR)
The purpose and mission of the NAR assist residential and commercial realtors, brokers, salespeople, property managers, appraisers, and others who work in the industry to enhance their professional development, exchange information and provide research information. Becoming part of the NAR is a crucial step to making a successful career out of real estate.
Taking the Next Big Step!
Once you have your license and are ready to enter the world of real estate, the first step in becoming a successful agent is selecting the right broker. While we briefly discussed some traits that might make a company ideal, why look further than Mark Z Real Estate? Join our team today and let your career take flight!