![]() The two jobs are similar in their responsibilities, but brokers typically have more experience in the industry than agents and are licensed to manage their own real estate businesses. ![]() Those pursuing a career in real estate sales typically choose to become licensed as either a broker or a sales agent. In almost all cases, you’ll earn solely commission with no salary under this arrangement. On the other hand, in some cases, you might need to pay the firm ongoing fees for a desk, website, marketing and more. After all, brokerages have all the necessary infrastructure ready to go. ![]() In some cases, working for a firm means you can forgo certain business expenses. You can also forget about the stress of lead generation that comes with flying solo – successful brokerages always have plentiful leads. When you join a firm, you get the latter and start building the former.Īt a firm, you’ll work under a state-licensed supervising broker who keeps you abreast of legal and ethical standards. Clients may hesitate to trust real estate professionals who lack a successful track record or a trustworthy supervisor. Though you could theoretically start your own real estate business, doing so might not be a career risk worth taking, at least in the beginning. Once you’ve obtained your real estate license, you’ll likely fare best if you start your career as part of a brokerage firm. For a comprehensive list of the requirements for sales agents and brokers by state, visit the Real Estate Library or the National Association of Realtors website. Most states in the United States require that licenses for brokers and agents be renewed every two to four years, and many states also require real estate professionals to attend continuing education classes throughout their careers. You can take real estate classes online from home as well as on a traditional university campus. You can also take online courses from anywhere at any time through platforms such as Real Estate Express and 360training. Some institutions even have associate’s, bachelor’s and master’s degree programs in real estate. Taking real estate classesīecause of the popularity of this career, many colleges and universities now offer courses in real estate, as well as certificate programs. Realtors can also access exclusive real estate market intelligence, business tools, educational opportunities and more. This distinction may help potential clients feel more secure when choosing to use your services. As a Realtor, you’re bound to the NAR’s Code of Ethics. You can also opt to become a Realtor, which officializes your membership with the National Association of Realtors (NAR). In some states, brokers may substitute a bachelor’s degree in place of industry experience. ![]() The latter applies solely to agents with special licensure that binds them to certain ethical and legal practices.Īgents who have several years of experience selling properties and who complete additional training courses can obtain broker’s licenses. You can find exam details through this body so you can put yourself in the best possible position to obtain your license.Īlthough many people use the terms “real estate agent” and “Realtor” interchangeably, they’re not the same. In Pennsylvania, for example, you would schedule your real estate exam via the Pennsylvania Real Estate Commission. Some states have additional requirements, and most licenses are not transferable between states.Įach state has its own body that administers real estate exams. In the U.S., almost every state requires that agents and brokers be at least 18 years of age and possess a high school diploma or equivalent, pass a written exam, and complete a certain number of hours of real estate courses. Real estate agent, broker, and Realtor qualifications and exams ![]() Though the licenses for real estate agents and brokers differ, the basic requirements for each are the same. Below, you’ll learn how to do exactly that. This set of conditions might pique your interest in becoming a real estate agent. When you combine these facts, you’re looking at a competitive market where prospective homebuyers, landlords and renters need all the help they can get. And as of early 2022, rents and mortgage rates are surging.
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