1. How do I get a real estate license?
- Be at least 18 years of age.
- Be a high school graduate or the holder of an equivalency degree (GED).
- Successfully complete a 168-hour pre-licensing course, including a final exam for the course.
- Pass a state licensing examination.
2. How do I take the pre-license course?
You can take the pre-license course at an approved school in a classroom setting or take a computer-based course at home. Our studies have found that classroom education leads to a significantly higher pass rate and more complete knowledge base of the industry. For more information on succeeding in the business and not just passing the test: Click Here.
When you successfully complete the course, you will be required to take a state exam. If you pass the state exam you will be issued a salespersons license. You must be affiliated with a broker who will actually hold your license.
3. How long is the course?
In a classroom setting, it can be approximately four to six weeks depending on whether you take day or evening/weekend classes. For the computer-based course, you will be allowed six months to complete the course. However, most students complete it much sooner. It is a 168 -hour course.
4. How do I choose a company?
It is important for you to choose a company that meets your expectations in terms of training, technology, office support, and reputation in the marketplace. Click here for questions to ask when interviewing brokers.
5. What will it cost me to get started?
There are several start-up costs when beginning your real estate career. Some fixed costs include: the pre-license course, the state exam & license fee. You may need to make an investment in technology tools such as a cell phone, laptop computer, database software, etc. New agents should always have at least 6 months of expenses in reserve. It can take a few months to get your business going.
6. How soon can I expect to generate income?
The exciting thing about a career in real estate is that you are limited only by your imagination. Some new agents are selling homes in the first couple of months while others may take a little longer to get their client base established. Serious persons interested in truly making a carrier change should consider our pre-license business training along with the pre-license training under the tutelage of a Mentor. Our studies have shown that first year income for these type of students is over 1000% higher than the traditional "past first-work second" brokers. Some of our mentees are earning money well before passing their exam.
7. What is required to be successful in real estate?
Dedication, hard work, and a great attitude! The most successful agents are also highly motivated and outgoing. That's right...if you don't plan on working 40 hours + a week, keep your day job!
8. Is it important for me to be technologically savvy?
To be successful in today's competitive marketplace, it is vital to utilize the technology tools available that will help you to be more productive and efficient. We provide a monthly training schedule to teach agents how to use our unique software programs and become more tech-savvy. Our systems and software have been featured in national as well as local news publications. We offer one of the most sophisticated technology platforms available.
9. What type of equipment will I need to get started?
While interviewing brokers, first determine what is available to you in the office environment. Also note that cellular phones, pagers, laptop computers, and PDAs (Palm Pilots and Pocket PC) are all tools of the leading agents today. Consider these items when planning your budget. Unless you choose a networked company such as ours, you will need to allow for a complete software budget. No additional software is needed at Meridian Metro Brokers.
10. What can I expect to make in my first year? Second? Third?
A career in the real estate industry offers the benefits and advantages of running your own business. You decide how many hours you want to work and how much money you want to make and the best part is that your earning potential is unlimited! No one determines your salary or your raises.
11. Can I still continue doing what I am doing while I transition into my real estate career full-time?
In today's competitive marketplace, it is no longer a viable option to work part-time in real estate. However, some agents do have a transition period while obtaining their license.
What questions should you ask on an interview?
Ready to get Started...Click here |