Q:

How do you get into real estate?

A:

Quick Answer

Become a real estate agent by obtaining the required education, choosing a brokerage, taking the license test, developing a budget, and choosing a mentor. Contact the state real estate commission to obtain the specific requirements such as class length and courses required.

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Full Answer

During the course of education, choose a brokerage to work with after completion. Make sure that the broker has at least three years of additional education and is willing to answer questions. Plan to spend time on extra studies if the brokerage you choose requires it. Expect to take state and national exams when the coursework is finished.

Each state has its own price for the test. Plan a budget for the coursework, testing, licensing and start-up needs. Some items needed in addition to the coursework include business cards, advertising, association fees and signs. Though these costs also vary depending on the area, expect to pay somewhere between $1,500 and $2,000 in addition to $200 exam and licensing fees.

Remember that real estate is a commission-based profession, so plan to have money set aside for a few months to live on. A mentor should be from the brokerage and who can provide helpful tips and guidance. Plan to split commissions with this mentor until knowledge of the business grows.

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