Considering beginning a new career or a side business to get extra money. You might be considering buying a house. After all, the top employment-related search keyword was “how to become a real estate agent.” Real estate agent or broker training is not as difficult as other jobs with comparable income potential. There are several benefits as well, such as being your own boss, making new friends, and assisting others as they pass one of life’s most significant milestones. Still, more work than most people realize goes into developing a successful real estate profession. To help you decide if a career as a real estate agent or broker is suited for you, here is a closer look at the position.
Job Prospects for Real Estate Brokers and Agents
Customers can buy, sell, and rent homes with the aid of real estate agents and brokers. Jobs for real estate agents and brokers are expected to grow by 4% between 2020 and 2030, which is slower than the average for all occupations, according to the Bureau of Labor Statistics (BLS).
However, the BLS states that “People will continue to need real estate brokers and sales agents because, among other things, they employ them while searching for a new house, moving, or buying property for a business. The real estate market is expected to expand along with employment.”
Benefits and Drawbacks of Real Estate Sales
Some of the benefits can even be the driving force behind someone’s decision to sell real estate. Most of the time, you can choose your own schedule and work hours. Selling real estate can be a fulfilling way to spend your working day if you enjoy selling and interacting with people. The possibility of earning significant commissions is also alluring.
Selling real estate for a living requires a lot of effort. In order to keep track of meetings, legal paperwork, and other chores that require many listings, you must be organized. Because the employment is frequently commission-based, you can go without a salary for a while. You cannot gain money if you don’t sell.
How to Get Into Real Estate
You must comply with the particular licensing criteria set forth by your state since there is no federal real estate license. For more information, visit the website of your state’s real estate regulatory office or consult the Association of Real Estate License Law Officials’ regulatory agency database (ARELLO).
The general steps to becoming a real estate agent in Waterloo are as follows:
- Enroll in a pre-licensing class
- Take the licensing test and succeed in it
- Get your real estate license active.
- Become a member of a brokerage
A licensed real estate broker serves as the agent’s employer in all real estate transactions. In the future, you might decide that you’d like to start your own brokerage, in which case you’ll need to satisfy extra educational and experience requirements. Once you have obtained your broker license, you can work on your own and employ sales agents.
Be sure to take into account whether you have the time and money to obtain your license and pay your startup charges when determining whether a career in real estate is the correct choice for you.