Have you been searching, trying to find out how to become a realtor? Then this blog post is just for you. You see, there are some things that every state is going to require of you before they will give you a real estate license. And after you get your license, you will then have to apply to the National Association of Realtors in order to become a realtor. Each state is different on licensing requirements, however usually they are going to require you to do some real estate education, pay one or more fees, submit an application, take a test, and after you get through that, find and obtain a sponsoring broker from the same state.
Now I know this sounds like a lot, but with a little money and diligence, you can easily do this. I did my pre-licensing education in about 3 weeks and passed the test on the very first try. Now I’m not trying to brag here, I just want you to know it isn’t as difficult as some people make it out to be. And I am in Texas, a state with one of the highest requirements for education. In fact, I had to take 150 hours of online real estate classes to satisfy the requirement (and candidates without any college have to take 210 hours, I was fortunate in that I was able to substitute 60 hours that I took in college).
So my advice to you is to find out exactly what the real estate agent education requirements are for your state, get them knocked out, then make sure you are ready for test, and pass it. The rest of the process is simple, just a little money to the state, and some paper work, and you are real estate agent. Then apply to join the National Association of Realtors, pay another fee, and you are a realtor.
Let me sum all of this up with an example. How to become a realtor really just takes a little time and money, and if you put those in, you’ll be there before your know it. And once you are there, let’s say you do just one real estate deal – you sell a house for $195,000. Assuming the commission is 6%, and you have to split it equally between your real estate broker and another realtor, you would be looking at 1.5% in commissions.
That’s still $2,925 in commissions!
For just one deal!
Isn’t the little bit of time and hassle involved worth it, when just one deal can pay off so handsomely?
And this is just the beginning. Start thinking about closing 1 deal per month on average. And let’s say you average $3,000 in commissions. That’s $36,000 per year. Not bad for a few showings, some phone calls and paper work. And you can do much better than this. This is realistically just a part time effort. If you really go hard, you make much more than this.