The real estate business is a booming business with a lot of potential for the people participating in the industry. There are very many reasons you can be interested in becoming a listing agent. The socializing trait of the job, a flexible work schedule, and potential sizeable monetary gain are some of the enticing features.
Being a listing agent is not as easy as it looks on TV shows and movies. It takes a lot of training, commitment, positive attitude, interpersonal skills and hard work to be successful. The first stage of becoming a listing agent is to first consider the advantages and disadvantages of the process. You must also conduct a proper research of the real estate market to make sure it is what you want to do.
Here are some of the steps you will require to be a listing agent.
Step 1. Attaining qualifications
The path to becoming a listing agent usually requires attending and completing classes, passing an exam depending on the state and finding a place to work. The general requirements to become a listing agent varies from state to state and also country to country.
Firstly, you must research your state’s licensing procedure. You should then sign up for classes in schools that have qualified real estate programs and you can also consider getting your college degree. If you are on a busy schedule, you can explore online options. You will need a certificate or transcript for the license application.
Step 2. Taking the state licensing exam
Once you have completed the coursework, you can apply to take the licensing exam. You can easily access the fee statements and fill the forms from online. Once it is complete and the forms are accepted, you will receive information about when and how to do the exam. One of the procedures of receiving the license is a complete background check which is also done for license renewal. It is important to have a clean record if you want to be a listing agent.
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Step 3. Initiate your license and start your career.
After completing and passing the state license exam you can activate your license in the State’s real estate commission and start practicing. The license will be active depending on the state and it will need a renewal when it expires. You also need to pay a membership to access the Multiple Listing services (MLS). The MLS allows you to list properties as well as study market trends and access real estate tax information.
Step 4. Work with a broker
Becoming a listing agent does not end once you have obtained a license. In most states and countries, new agents must work with or under a supervising broker. Brokers help and ensure that you work adhering to the ethical and legal standards. You should not expect a salary or extra benefits because brokers usually pay on commission basis according to listings and sales. It is in crucial step in your career development and you can make connections which will help you when you break out on your own.