To get into real estate, especially as a real estate agent, follow these key steps:
- Meet Basic Requirements
You must be at least 18 years old, meet your state's residency requirements, and have a high school diploma or equivalent
- Complete a Pre-Licensing Course
Enroll in a state-approved real estate pre-licensing course, which covers fundamentals like property law, contracts, financing, and ethics. These courses can be taken online or in person and typically cost between $300 and $600
- Pass the Real Estate Licensing Exam
After completing the course, register for and pass your state's real estate licensing exam. The exam usually includes a national section and a state- specific section, with a passing score around 70-75%
- Apply for Your Real Estate License
Submit your license application to your state's real estate commission, including any required documents and fees. Some states may require fingerprinting or background checks. Once approved, you receive your license and can legally work as an agent
- Join a Real Estate Brokerage
Real estate agents typically work under a licensed broker. Research and interview multiple brokerages to find one that fits your goals, considering factors like reputation, commission splits, mentorship, and specialization
- Consider Joining Professional Associations
Joining the National Association of Realtors (NAR) can provide networking opportunities, continuing education, and credibility. Realtors are licensed agents who are NAR members
- Gain Experience and Consider Advancing
After working as an agent for some time, you may pursue becoming a real estate broker, which requires additional education and passing a broker's exam
Alternative paths include apprenticeships or university degrees in related fields like business, property management, or real estate, especially in places like the UK
. If you are interested in real estate investing rather than becoming an agent, options include buying rental properties, investing in real estate investment trusts (REITs), or using online platforms
. In summary, the most common route to get into real estate as an agent involves education, licensing, brokerage affiliation, and ongoing professional development
