There are several different ways to start a career as a real estate broker. You can set up your own brokerage or join an existing one. Either way, you’ll need to invest time and money in learning the industry. Many brokerages offer education materials and marketing support, so making sure to choose one that matches your goals is key. Listed below are the steps to become a real estate broker.
Obtain a license. To become a real estate agent, you’ll need a minimum of 120 credit hours. In addition, you’ll need to pass the real estate exam and order a copy of your license history from each state. You can find the contact information for your state’s real estate commission online. Once you’re ready to start working as a real estate agent, make sure to take advantage of this opportunity.
Obtain a real estate license. Many states have reciprocity agreements with New York, which makes it easy to get a license in one of them. For example, Georgia accepts broker licenses from all other states. The state requires a background check, but waives pre-licensing coursework for brokers from reciprocal states. While some states have reciprocity agreements, others don’t.
Pass a licensing exam. To become a licensed real estate agent, you need to pass a licensing exam in your state. The exam consists of multiple-choice questions and is timed. The requirements vary from state to state. The average license holder must complete between 30 and 90 hours of coursework. During this time, they must become knowledgeable about local, state, and federal real estate laws.