The real estate agent profession offers lots of career selections in the world of business today. Professionals in this industry assist in purchasing and sale of land and building, urban planning, real estate counseling, land development, connecting mortgage banking and much more. This career is lucrative and rewarding for the self-motivated individuals. Being a real estate agent offers unlimited income possibility, and you are able to choose your own working hours. It also presents a unique working setup where you get to work outside the office and into the field from time to time.
Education and professional requirements for a Real Estate Agent
Colleges and universities are offering a variety of courses on real estate these days. Students specialize in programs that lead to receiving a bachelor’s degree in real estate. At the age of at least eighteen years of age, regardless of your schooling background, you can be able to kick start your career in this industry. All you need is to take a licensing course which is approximately 40 hours, take and pass the salesperson test and receive an official license to practice real estate. After which, you can finally start you career in the industry. The brokerage you choose to hang your license with and practice real estate should provide ongoing training to get you started in the right direction. Remember this, real estate school teaches you how to pass your test. It really doesn’t teach you how to be a real estate agent. You’ll learn this through additional training.
Getting licensed as a Real Estate agent
Just like in many other professions, you need a license to practice real estate. Therefore, you need to submit your application following the procedure required by your state. The application requires proof that you passed your course. In many states, they require that your application is signed by your employing broker and provide proof of errors and omission insurance. The application is then reviewed by the Real Estate Commission which mostly takes one to two weeks. If you application is approved your employment broker is notified and from there, you can pick you license. If you do not have an employing broker, you license is approve but inactive until you get one.
Real Estate Commission Directory
Becoming a full-fledged Realtor®
The word REALTOR® is a registered collective membership identifier for real estate agents who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR). Being a REALTOR® is more than just being a real estate agent. All REALTORS® are real estate agents, but not all real estate agents are REALTORS®. The members of this association have to stick to a strict code of ethics, and only members can call themselves REALTORS®. The National Association of REALTORS® and its affiliated societies, institutions, and councils have a wide range of programs and services that assist their members in increasing proficiency, knowledge and skills in their careers. For one to become a member of this association, they must join a member affiliate institute, council or society in a location, of one’s choice.
One must be a licensed real estate agent or broker to join the association. Then there is a four hours code of ethics orientation/class that one must take, complete and uphold the principles. Members of the association only follow the code of ethics set by the NAR. The principles contained in the code of ethics can be summarized as a legal duty to the client, loyalty to the client, truthfulness in advertisements and statement, cooperation with competitors and finally non-interference in the exclusive relationships other REALTORS® have with their clients. It is also important to know that when you join this association, there is a fee to be paid, more like a subscription. The fee is paid to the local, state and national organization you have chosen.
Benefits enjoyed by REALTORS®
Members of NAR Association are well represented. Their voice is to be heard in the industry. The Association and its affiliate councils, societies and institutes have programs that benefit their members by educating them through professional designation programs and acknowledging expertise and experiences in various sectors of real estate.
The association offers its member benefits programs like the saving program which helps members save lots of money every year depending on the quantity of partner offering a member takes advantage of.
The association also holds annual meetings that give members a chance to be heard and even get to have information sessions where members get to learn the trends of the industry. Members also get hands-on training in these sessions.
As a member, you get to secure more listings and sell more homes with the REALTOR.com® the largest database of homes for sale.
REALTOR® is a brand that has established itself in the industry and any person identifying with it, gets credibility from clients therefore a tool for promoting oneself.
Many brokerages will only permit you to practice there if you have your REALTOR® designation. Being a REALTOR® also gives you access to use the Multiple Listing Service which is the “homes” database for real estate agents.
REALTOR® Designation and certification
NAR gives you as a member an opportunity to earn valuable certificates and designations that can build your skills in providing specialized expertise, enhance your professional image, expand referral network and build on your marketability. These certificates and designations are earned through classroom training or online through REALTOR® University. Earning a designation gives you a competitive advantage and marketability.
A few of NAR designations include:
- Accredited Buyer’s Representative (ABR)
- Accredited Land Consultant (ALC)
- Certified Commercial Investment Member (CCIM)
- Certified International Property Specialist (CIPS)
- Certified Property Manager (CPM)
- Certified Real Estate Brokerage Manager (CRB)
Some of the certifications are:
- Transactional Referral Certification
- Short Sales & Foreclosure Resource
- Resort & Second-Home Specialist
- At Home with Diversity
- Real Estate Professional Assistant
REALTOR® Trademark/Logo Rules
Using the trademark comes with a few regulations, among them is in: Trademark used with a member’s name
The following are the salutations acceptable combined with a member’s name.
“Dear Jim” (first name) REALTOR®
“Dear Smith” (last name) REALTOR®
Dear Mr. Doe and Jones REALTOR®
“Dear Joe REALTOR-ASSOCIATE® ”
The name REALTOR® may not be used as a replacement for the word agent or real estate agent.
Example: “Choose me as your REALTOR®” is prohibited.
However. “Choose Me, Jane Smith REALTOR® to represent you”
Need More information about becoming a real estate agent in your state? Looking to find a real estate office to work with? Contact Us! We can help make connections and get you in the door.