I am looking to become a real estate agent through college. How much does it usually cost ( ie. start-up costs, marketing, etc.)? Do the Agencies make the real estate agents pay for office space and is it possible to work from home? How much do the Agencies charge to use their name( ie. like remax, metro, etc.)?Do the Agencies provide any leads for the Agent?Any other advice would be much appreciated,Thank You so much
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While the requirements vary slightly from state to state, but this is the bulk of what you need to do. Graduate High School. You are required to have a diploma or a GED Take a pre-license class from a real estate school accredited by your state. Many brokerages offer the class, and it costs between $200 and $800. The class can usually be completed in two weeks, or spread over a longer period of time. Have a felony free criminal record (though some states real estate commissions will allow you to request a waiver for some acts, such as DUI) Take and pass your state's sales associate test. Good Luck!
Hi, I am a part-time real estate agent and I didn't go through a college to get my license, I actually went to a class presented by Century 21. I found this to be a much quicker way to get my license then going through a few semesters of college. Yes, you have to pay of office space in some offices. They are getting much better with that because a lot of agents choose to work from home. Make sure you ask these questions and that you get very clear answers. Yes, the actual Agency has an annual fee that must be paid as long as you are an agent in their company. I'm with ReMax and there is a fee. You will also have a monthly fee to use the Multiple Listing Service (this is how you will find properties for your prospects) They don't usually provide leads, but they do have a roll call for walk-ins, meaning that if you are next on the list you will get the walk-in. But that's if it's a fair company. Choose your company very wisely. For the last few months, it hasn't been so good for agents because of the interest rates. A good thing to know is that when rates are up, then buying or selling real estate is down. It is definitely tied to the economy.