How to become a Real Estate Agent
To become a real estate agent, you do not need a formal college education. Rather, you must be at least 18 or 19 years old, depending on your state. You can then take your state's required courses, followed by a real estate license exam. With that, you are qualified to help customers buy and sell property.
To advance in the field, you can become a real estate broker. This position requires additional courses and allows you to handle more of the technical aspects of property transaction, including establishing the escrow account. Brokers typically own and manage their own firm and employ other real estate agents to work for them.
You can also advance in the field by joining the National Association of Realtors (NAR), a professional organization created in order to promote the real estate profession. Members of NAR are expected to uphold a particular ethics code, so membership in the group helps your customers build confidence in your abilities.
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Typical qualifications for a Real Estate Agent
Skills employers are looking for
About Sales
Skill or experience with sales.
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About Communication skills
Experience or skill effectively exchanging and understanding information, verbally or in writing.
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About Fair Housing regulations
Knowledge of laws and regulations at state and federal government levels to eliminate discrimination associated with buying, selling, and renting housing.
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About Customer service
Skill or experience assisting customers before, during, and after purchases to satisfy customer needs.
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Real Estate Agent jobs in United States
Career progression for Real Estate Agent
Education levels for Real Estate Agents
| required level of education | percent of job openings |
|---|---|
| Bachelor's degree | 37.4% |
| High school diploma or GED | 34.5% |
| Associate's degree | 20.9% |
| Master's degree | 7.2% |
Expected salary by experience
| Years of experience | Annual salary in USD |
|---|---|
| 0 - 4 | $39,900 |
| 4 - 8 | $43,000 |
| 8 - 12 | $46,000 |
| 12 - 16 | $49,400 |
| 16 - 20 | $48,300 |
| 20 - 24 | $50,100 |
Common questions about career advices for a Real Estate Agent
What is the difference between a real estate agent and a real estate broker?
A real estate agent doesn't have as much education and experience as a real estate broker. They can eventually go back to school and continue serving as an agent for a few more years before pursuing a real estate broker license. Many real estate agents work under a real estate broker.
What kind of education do you need to be a real estate agent?
To become a real estate agent, you will need at least a high school diploma. Some states have additional requirements including an associate degree in real estate and passing of a real estate certification exam.
Is getting a real estate license worth it?
Getting a real estate license is worth it and necessary if you want to help others buy and sell real estate. It can also be worth it if you plan on investing in real estate yourself as it will prepare you with additional information to be successful.
