If you want to know what do i need to be a real estate agent in the United States it is because you are determined to start your career in this profession. The requirements and steps to follow are similar throughout the country, but in Hispanic Entrepreneurs we will focus on Tennessee. Read on for all the details.
Becoming a real estate agent, in many cases, is a little easier than one might think. Yes, it takes effort and persistence, and even when you become Real estate agent, your effort must not stop. With that said, let's take a look at what a real estate agent does, how much he earns, and what he needs to become one. Read on for all the details.
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What does a real estate agent do?
First of all, we must understand what real estate agents do. These people provide advice to their clients and are in charge of mediating and managing real estate transactions; that is, the purchase, sale and rental of real estate.
These professionals are also known as real estate agents and they mostly work with a real estate broker with whom they share commissions.
As we mentioned, real estate agents can manage transactions related to the residential rental or sale of homes. These last negotiations are more complex than rent, but leave more profit. That is why it is advisable to have a real estate agent.
Likewise, they can be dedicated to sale and commercial leases. Both are still even more complex processes than the previous ones and, therefore, require more experience. The earnings will also be higher.
How much does a real estate agent make?
Determining the earnings of an agent is complex because there are several factors involved. For example, the experience and the type of transactions you make. During the first two years, agents earn an average of $ 15.300, according to the National Association of Realtors.
Another element that influences is the time that the person dedicates to this work. Being a realtor has the advantage of managing your schedules, but the more hours per week you dedicate to it, the more profits you will achieve.
In a study by the Department of Labor and Statistics, more than 21% of real estate agents have incomes over $ 100.000. These are dedicated full time to work.
That figure is above the average of what an agent earns in the United States, which is estimated to be around $ 70.000 annually.
A third factor to consider if you want work as a real estate agent is that the earnings are from commissions. And, in most cases, these are shared with the broker.
Still, this profession provides a great opportunity to earn money while having flexible hours. Additionally, you can choose to be your own boss, which will give you more control over earnings.
What do I need to be a real estate agent?
The common question is how to be a real estate agent. For get a real estate license in Tennessee You must be a US citizen or have been admitted as a legal resident. You must be at least 18 years old and have a high school degree or equivalent. These are the prerequisites to meet before starting the application process.
One aspect to take into account is that if the applicant has a conviction for a crime related to theft of money, services or property, he will be eligible only after 2 years of the conviction, imprisonment or probation.
You can get more information related to the entire process on the website of the Tennessee Real Estate Commission.
If you meet all the requirements you can start the process. The steps to obtain a real estate license are the following:
Complete the training course
In Tennessee, you must complete the Real Estate Principles Course which lasts 60 hours. During it you will receive all the information you need to perform as an agent and be successful in your career.
There are options to take the course in person or online. This is usually faster because you do it at your own pace.
Pass the course exam
At the end of the training process, the center will carry out an evaluation to check your knowledge. You must pass it with a score of 75% or more.
From the result you obtain, the assessment center will give you a certification of completion and will determine if you are eligible to take the state exam that will be the next step.
Take the affiliate broker license exam
The first test indicates that you passed the course, but then you must take another evaluation by the Real Estate Commission. To pass it you need to obtain a grade of 70% or higher.
Take the new affiliate course
After passing both tests, the next step to work as a real estate agent in Tennessee is to take the new affiliate course. This lasts for 30 hours. In total there are 90 hours of training that are required in the state.
Request the license
By completing all this process you can now apply for the real estate agent license. You must present the corresponding forms with a photo taken at the assessment center. In addition, you must provide proof of high school studies, licensure training courses and that you have an error and omission insurance policy.
This is the answer to your question about what is a realtor in the USA. remember to learn digital marketing strategies to boost your business.
Real estate courses in Spanish
If you are interested in becoming a real estate agent in the United States, you will likely have to take some courses to obtain your license. And if you are not a native English speaker, you may be wondering where you can find real estate courses in Spanish.
Luckily, there are plenty of options for Spanish-speakers who want to get into the real estate business. In this article, we are going to provide an overview of some of the best real estate courses in Spanish that are available in the United States.
The National Association of Realtors (NAR) Designated Agent Course
The NAR Designated Agent Course is a comprehensive course that covers all aspects of being a real estate agent. The course is available in both English and Spanish, making it a great option for those who want to learn the material in their native language.
Kaplan Real Estate Education prelicensing course for real estate agents
Kaplan Real Estate Education offers a Sales Associate Pre-Licensing Course that is available in both English and Spanish. This course covers all the basics of being a real estate agent, and is a great option for those who want to get licensed quickly.
OnCourse Learning Real Estate Principles Course
OnCourse Learning offers a Real Estate Principles Course that is available in both English and Spanish. This course covers all the basics of being a real estate agent, and is a great option for those who want to learn the material in their native language.
The Real Estate License Professor's Online Real Estate License Course in Spanish
The Real Estate License Professor offers an online real estate license course that is available in both English and Spanish. This course covers all the basics of being a real estate agent, and is a great option for those who want to get licensed quickly.
AceableAgent Sales Associate Pre-Licensing Course
AceableAgent offers a Sales Associate Pre-Licensing Course that is available in both English and Spanish. This course covers all the basics of being a real estate agent, and is a great option for those who want to get licensed quickly.
These are just a few of the many real estate courses in Spanish that are available in the United States. If you're interested in becoming a real estate agent, be sure to check out all the options so you can find the best course for your needs.