Unless you have been living under a rock lately, you probably know that real estate is hot right now. Homes around the country are routinely selling for 20% or more over asking.
Before you think about it as a side hustle or a new career, review this basic overview of the job and the costs associated with becoming a real estate agent and realtor.
Agents help people buy and sell properties. Agents representing the seller (also called “listing agents”) will officially list the property for sale within the Multiple Listing Service, or MLS.
They may take pictures of the property to include in the listing, suggest improvements to boost the home’s value, stage the house and help the owner determine a good selling price.
Buyer’s agents help real estate buyers find a property to buy. They also interface directly with the listing agent with any questions or concerns the potential buyer may have. They also help the buyer build and submit an offer to buy the property.
What are the Requirements to Become a Real Estate Agent?
To be a real estate agent in the United States, you need to be licensed. Different states have different requirements, but all states require a state license to become a realtor.