Are you considering a career as a realtor in 2023? If so, now is a great time to start preparing. Here are some tips on how to make a great career in real estate this year:
Get Your Real Estate License
In order to become a realtor, you will need to get your real estate license. This typically requires completing a certain number of real estate courses and passing a state exam.
The first step in getting your real estate license is to ensure that you meet the eligibility requirements. In most states, you must be at least 18 years old, have a high school diploma or equivalent, and be able to pass a background check. You may also need to be a legal resident of the state in which you wish to get licensed. If you want our team to assist with obtaining your license, click here.
Once you’ve confirmed that you’re eligible to get your real estate license, the next step is to complete a pre-licensing course. This course is typically around 60-120 hours and covers the basic knowledge and skills needed to be a successful real estate agent. Some states may require more hours of coursework, so make sure to check the requirements for your specific state. For a full list of requirements in Pennsylvania, click here.
Once you’ve completed the pre-licensing course, the next step is to take and pass the licensing exam. The licensing exam is typically a multiple-choice test that covers topics such as real estate laws and regulations, property ownership, and real estate transactions. It’s important to study and prepare for the exam, as it can be difficult to pass on the first try.
After passing your Real Estate License Exam, you will need to go through a background check process which includes fingerprinting, background investigation, and other details depending on the state you’re trying to get licensed in.
Once you’ve passed the licensing exam and completed any necessary background checks, the final step in getting your real estate license is to find a real estate broker. A broker is a licensed professional who will act as your supervisor and provide you with training and support as you begin your career. Most states require that new agents work under a broker for a certain period of time before they can become independent.
Errors and omissions insurance is liability coverage that protects real estate agents in the event that they make a mistake or oversight that results in a financial loss for a client. Obtaining this insurance is mandatory for most states, and is typically done during the Brokerage association application process.
By following these steps, you’ll be on your way to getting your real estate license and starting your career in the industry. Remember that the requirements for getting your license can vary depending on the state you’re in, so make sure to check with your state’s real estate regulatory body for specific information and requirements.
Build Your Network As A New Realtor
As a realtor, your network will be a valuable asset. Start building relationships with other professionals in the industry, such as mortgage brokers, home inspectors, and attorneys.
Develop your marketing skills: In order to succeed as a realtor, you will need to market yourself and your services effectively. This includes creating a strong online presence and learning how to use social media to your advantage.
Stay up to date on industry trends: The real estate market is constantly changing. To stay competitive, you will need to stay up to date on the latest trends and developments in the industry.
Be a lifelong learner: The real estate industry is complex, and there is always more to learn. Make a commitment to continuing your education and expanding your knowledge base throughout your career.
Find A Real Estate Broker
Finding a real estate broker is an important step in starting your career as a real estate agent. A broker is a licensed professional who will act as your supervisor and provide you with training and support as you begin your career. In this article, we’ll go over some tips to help you find the right real estate broker for you.
The first step in finding a real estate broker is to research different brokerage firms in your area. Look for firms that have a good reputation and are well-established in the industry. You can check online reviews and ratings, or ask for recommendations from other real estate professionals or friends who are in the industry.
When looking for a broker, it’s important to consider the type of real estate you want to specialize in. Some brokers specialize in residential real estate, while others focus on commercial or investment properties. Look for a broker who has experience and expertise in the type of real estate you’re interested in.
Once you’ve narrowed down your list of potential brokers, schedule an interview with each one. During the interview, ask about their experience, the support they provide, their commission structure, any additional pieces of training or coaching they provide, and other important details. This will give you a better understanding of what it would be like to work with them.
By following these tips, you’ll be able to find yourself as a new, professional realtor with the right tools and knowledge to succeed. Remember, your relationship with your clients, other agents, broker, and most importantly, the community, is a long-term goal. By following these tips, I hope you succeed as a realtor and make some sales this 2023!