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A Real Estate Agent Reasons to Become a Real Estate Agent

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A Real Estate Agent Reasons to Become a Real Estate Agent The BLUEPRINT to Becoming A Real Estate Agent Reasons to Become A Real Estate Agent 1 Make your own schedule and work on your own time. 5 Know that real estate is here to stay! The market will always be there. The economy ebbs and flows, but at the end 2 Unlimited earning potential There are no earnings caps of the day, there will always be customers in need of your in the real estate industry! services and support to buy and sell homes. 3 Start up quickly The process of becoming a real estate 6 Be social and active in your community! Meet agent is less time-consuming than starting many other new people, grow your client base. As a person who careers. loves meeting new people, you’ll develop trust and build relationships with clients who want to give you their future 4 Be Your Own Boss. If you work best independently business. Whether it’s referring friends and family to you, or outside of a team environment, the field is open for you to returning years later with a new opportunity, your friendly and be your own boss. If you thrive on collaboration and working supportive attitude will serve to keep your business booming. closely with others, you can join a firm or establish your own! The average income for a real estate agent is $58,710 according to the Bureau of Labor Statistics. HONDROS College • The Blueprint To Becoming A Real Estate Agent 2 Find Your Fit QUALITIES of A Real Estate Professional Strong work ethic Empathic Charismatic Adapt to Healthy sense Tech savvy changing markets of curiosity Strong Positive attitude Willingness to learn communication skills HONDROS College • The Blueprint To Becoming A Real Estate Agent 3 Other Opportunities in the Real Estate Industry You might think of an agent when real estate comes to mind, but there are more options beyond becoming a salesperson. • House Flippers buy run-down properties, put work into them to raise their value and sell to make a profit. • Property Managers take care of rented homes and commercial properties for owners. They set rent prices, find tenants, manage leases, and take care of maintenance at the properties. In addition, real estate licensees can work with any company that expands and builds new office sites, or has a land acquisition department that utilizes real estate licensees. HONDROS College • The Blueprint To Becoming A Real Estate Agent 4 Commercial vs. Residential Real Estate Both residential and commercial real estate offers lucrative income opportunities, low start-up costs, and long-term growth potential. COMMERCIAL RESIDENTIAL • Property Type: Office space, apartment • Property Type: Houses, townhomes, condos, buildings, store space, warehouses, retail and land for occupancy or investment. centers and other corporate property types. • Education, Knowledge, and Expertise: • Education, Knowledge, and Expertise: Residential real estate agents act as an Commercial real estate involves more intermediary in negotiations between buyers than helping people buy, sell, and rent and sellers over property prices, inspections, commercial property. and settlements. HONDROS College • The Blueprint To Becoming A Real Estate Agent 5 A Day in the Life of a Real Estate Agent You’ll likely never have two days exactly the same! Here’s what a day in the life might look like: MORNING AF TERNOON EVENING • Prospect new leads and • Appointments with buyer clients. • Meet with a client at market your business. • Keep up on latest industry news an open house. • Keep an eye on the market and trends. and know what’s for sale. • Set up a time for your clients to view the homes. HONDROS College • The Blueprint To Becoming A Real Estate Agent 6 Average Salary & Brokerage Commission Split Structure According to the Bureau of Labor 8% OF Statistics, in 2018 the average real estate broker earned $78,210 $ 200,000 8% Commission while the average agent in the $ 16,000 from Sale ! The vast US earned $58,710 50% OF 50/50 Split majority of real estate agents $ 16,000 between are commission-based. $ 8,000 Buying & Selling Agents Remember, this salary is just the average 50% OF – it includes those who put the maximum effort into their careers, as well as those $ 8,000 50/50 Split who are part-time. Your earning potential with Your Broker is entirely up to you, unlimited, and $ 4 000 uncapped. More hours and more clients , equal higher pay, and greater success! Your take-home! 7 • The Blueprint To Becoming A Real Estate Agent HONDROS College How do I get my license? 1 Complete Your Required Education 2 Submit Your Application Depending on your state, you must have a high You must submit a completed Salesperson school diploma or equivalent, and successfully Examination Application, pay the fee, and complete approved real estate education at an submit proof that you have completed your institution of higher education. This real estate education requirements. education typically consists of: 3 Schedule Your Test • Real Estate FUNDAMEN TAL S After your application has been processed, you will receive a Candidate Information • Real Estate PRINCIPLES Bulletin with instructions for scheduling • Real Estate FINANCE your test. • Real Estate LAW Please note these steps will vary by state. • Real Estate BROK ERAGE • Business LAW • LAW of CONTRACTS • Property MANAGEMENT HONDROS College • The Blueprint To Becoming A Real Estate Agent 8 Your Needs As A Student What education providers meet your specific needs? Here’s what to consider: Your schedule: • If you have a family and full-time job, you’ll need flexible course offerings. • If you’re going to school full-time, are you looking to complete your classes quickly or take your time as you complete your education? • Should you take classes online? • Do you benefit from a classroom experience? • A mixture of both online and classroom? Most schools only offer one type, so be on the lookout for the format that best suits your lifestyle. Your learning style: • How have you learned best in the past? • Do you like working with other students? • Do you need a lot of contact with your instructors? • Are you a visual learner? Your finances: • This comes down to “how much can you afford to pay right now?” HONDROS College • The Blueprint To Becoming A Real Estate Agent 9 Choosing an Education Provider After assessing your personal needs, here are some questions to consider when researching your education options. Strong student support services Do they have a student services department to help your courses run smoothly? They should have multiple contact options, i.e. phone, email, and fax. Find out if there is educational support How responsive are their instructors to student questions? How long have the teachers been with the real estate school? Are the instructors active agents or have they been in the past? Are they nationally recognized? For online schools Are the instructors available via phone or email? Are you able to work at your own pace, or do they have strict deadlines? Are there study groups that you can join? Can you take practice exams? Explore the course content Does the real estate school offer both general real estate courses and state-specific content? Do they offer a free trial? Does the school publish their own course materials or write their own curriculum? Can you talk to an Administrator? Gather all of the questions you have and call the number given on the school’s website. Make sure you speak to an actual human, not just a computerized pre- recording. This is another indication of the support you’d receive as a student. HONDROS College • The Blueprint To Becoming A Real Estate Agent 10 Student Testimonials “The online classes were very straightforward and getting signed up was simple. The flexibility that this offered was priceless. Whenever I had a question on the material, I could always count on a quick response from the instructor.” — JD “ Did a combination“ of both classroom “I was able to pass my test in 30 days! Flipping and online classes at my convenience. between online and classroom is such an Both were great! Passed the state asset to busy professionals, working parents exam my first time. I highly recommend with small children, or anyone who needs a CompuCram! It was a huge help and flexible schedule. The instructors were very really helps give you an idea what to thorough and applied the course material to expect on the exam. I’d recommend this real world situations that greatly enhanced program to anyone interested in this our understanding. I would greatly encourage career.” — Josh anyone thinking about it to take advantage of the Hondros system of learning. With all the tools, tips, tricks, and test prep available, ” I passed my test the first time.” — Stephanie HONDROS College • The Blueprint To Becoming A Real Estate Agent 11 Why Hondros? Hondros College is one of the nation’s leading real estate schools, having educated more than one million professionals over the last 50 years. We understand how important the decision to start a new career is and are committed to ensuring our students’ success through their entire education journey. From pre-licensing and exam prep solutions, to continuing education courses, Hondros College will be there every step of the way. 4140 Executive Parkway, Westerville, Ohio 43081 | 1.888.Hondros | [email protected] | hondros.com HONDROS College • The Blueprint To Becoming A Real Estate Agent 12.
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