Becoming a successful real estate agent is a combination of getting the right education, finding an established broker who can help you get your first clients, and passing state and national licensing exams.
Get Educated. No matter in which state you live, you must take pre-licensing courses. Contact your state's real estate commission for your state's requirements for licensing. Some real estate agencies have specific education requirements, so you may have to take an additional course after being hired on with an agency. Choose a Brokerage. A real estate brokerage is the agency or office from which real estate agents and brokers work. Since working with a broker is a requirement in order to practice as a real estate agent, you will need to contact a broker before graduating from your training course. Brokers have at least three years additional real estate training, and can guide you through questions you have when it comes to working in the field, as well as listing and selling homes. When you look for a broker, think about the size of the brokerage, its reputation and additional training offered. Check broker reputations by reading online comments, asking neighbors and friends who they've had experiences with and getting advice from your instructor on choosing a brokerage. Another way to learn more about a brokerage is by carefully crafting your interview questions. This will not only help you gather information, but solid interview questions help the broker determine if you 'd fit in well with the agency. Get Licensed. Real estate licenses require the passing of state and national exams. In addition, you may have to provide a criminal background check. Between the courses, exam and license fees for a real estate salesperson, you can expect to pay at least $200 (usually more), though prices vary from state-to-state. Becoming a successful real estate agent is a combination of getting the right education, finding an established broker who can help you get your first clients, and passing state and national licensing exams. (For related reading, see What are the Differences Among a Real Estate Agent, a Broker, and a Realtor?). A real estate brokerage is the agency or office from which real estate agents and brokers work. Since working with a broker is a requirement in order to practice as a real estate agent, you will need to contact a broker before graduating from your training course.
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People use the terms REALTOR and real estate agent interchangeably, but that is incorrect. There are differences between REALTORS and real estate agents. Both are licensed to sell real estate, the main difference between a real estate agent and a REALTOR is a REALTOR is a member of the National Association of REALTORS
. The Code of Ethics is strictly enforced by local real estate boards. The 17 Articles of the Code of Ethics also contains various underlying Standards of Practice. It's not just a bunch of rules that agents swear to uphold and adhere to because their broker made them join the Board. The Standards are much more restrictive and confining to conduct than those state guidelines governing agents who simply hold a real estate license. While there is no evidence nor guarantee that all REALTORS are morally or ethically better than unaffiliated real estate agents, it is an attempt by the industry to regulate and, as such, deserves recognition. Keeping mind, of course, that even the non-NAR member "real estate agent" is held to the same legal standard as a practical matter. Each of the 17 Articles carries weight to a Realtor in her every-day business practice, but one article typically stands above the rest. It is the basis for the way a Realtor operates. It is the first Article, which sets the tone. Nowhere does it state the Realtor must be fair to all parties, such as a listing agent dealing with a buyer's agent, but a Realtor must be honest. Above all, however, the Realtor must pledge to put the interests of her clients above her own. Both are licensed to sell real estate, the main difference between a real estate agent and a REALTOR is a REALTOR is a member of the National Association of REALTORS . The Standards are much more restrictive and confining to conduct than those state guidelines governing agents who simply hold a real estate license. Nowhere does it state the Realtor must be fair to all parties, such as a listing agent dealing with a buyer's agent, but a Realtor must be honest. |
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