| The process of becoming a real estate
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| | agent joins through the local (city)
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| agent is fairly simple, although it does
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| | board or association. Membership in the
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| vary a lot from state to state. Here are
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| | REALTORS(R) is optional, but help enhance
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| the fundamentals of becoming a real
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| | your career.c) How much can a real estate
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| estate agent.a) License Requirements
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| | agent earn?
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| Each state has different licensing laws,
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| | Real estate agents more often than not
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| so you will need to look at your local
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| | are paid on commission. This commission
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| requirements. However, in general you
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| | is a percent of the selling price of the
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| will have to:
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| | property. The seller will generally pay
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| - Meet an age requirement
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| | 4-6% of the sales price as the fee for
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| - Pass a background check
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| | having an agent handle the complex job of
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| - Complete approved real estate courses
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| | selling their property. The funds will
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| from a state-approved school
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| | often be split equally between the
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| - Pass a state exam
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| | seller's broker and broker who finds the
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| - Complete an application form
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| | buyer.
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| - Submit various fees
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| | As an example, if the fee for a $300,000
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| Agents just getting their license work
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| | property is 6%, the buyer's broker will
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| for a real estate broker. If you decide
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| | be paid 3% or $9000 and the seller's
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| at some point to work for yourself, you
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| | broker will also be paid 3% or $9000. The
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| will need to earn a broker license. Most
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| | agent is paid by his or her broker, using
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| new agents sign on with one of the large
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| | their agreed-upon commission split. This
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| company brokerages. Most successful
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| | is often 50-50 for new agents, so in that
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| agents, even if not self-employed, treat
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| | case the agent in our example would be
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| the real estate profession as their own
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| | paid $4500.
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| business, instead of just a job. This
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| | So to answer the question, the amount
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| attitude will go a long way to ensuring
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| | that a real estate agent can earn is only
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| your success.b) What is a REALTOR(R)?
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| | limited by the number of transactions
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| Many people are confused about the
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| | that he or she can close.
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| difference between a real estate agent
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| | Visit for requirements for obtaining a
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| and a REALTOR(R).
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| | real estate license in your state.
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| A real estate agent becomes a REALTOR(R)
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| | This article may be reprinted if proper
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| when he or she pays an annual fee to the
| |
| | credit is given and all links left
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| National Association of REALTORS(R) and
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| | intact.
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| subscribes to its Code of Ethics. The
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| | Copyright©2005 Real-Estate-Career-Info.
|
