Costs of Becoming a Real Estate Agent

Costs of Becoming a Real Estate Agent thumbnail
Costs of Becoming a Real Estate Agent

Real estate agents are independent contractors who are able to schedule flexible work hours. Advantages of the career also include the ability to work from a laptop or cell phone, but the downside of a career in real estate includes the significant amount of money the agent must pay before receiving any meaningful income.

  1. Coursework

    • Most states require passing a set number of real estate courses before receiving a license. The prospective agent must pay for the courses and the textbooks, or agree to work for a real estate broker in exchange for paid enrollment.

    Licensure

    • All states require licensure for real estate agents. The fees for the license must be paid by the agent.

    Communication

    • Agents must demonstrate that they are available for work. A cell phone, business calculator and a laptop computer (with Internet service) are essential.

    Transportation

    • Stylish and reliable transportation, with additional insurance coverage for transporting others, is required for any agent.

    Suitable Clothing

    • Agents must have clothing that reflects a successful lifestyle for the type of client they wish to represent. Casual attire is appropriate for beach homes, while designer labels are necessary for high-end properties.

    Security Clearance

    • Credit reports, fingerprints and a basic criminal background check are required in most states. Agents must pay this prior to receiving a state real estate license.

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Resources

  • Photo Credit U.S. Library of Congress

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