Steps to Become a Realtor in 2023: Licensing, Training, and Associations

Becoming a realtor is a multifaceted process that involves obtaining a real estate license, joining a brokerage, and affiliating with a local and national real estate association. Aspiring realtors must comply with the requirements set by their state and national organizations. This article outlines the steps and provides insights into the process, helping you navigate your journey towards the coveted title of realtor.

Licensing Requirements

To become a realtor, the first and foremost step is to obtain a real estate license. This is a legal requirement that ensures you have the necessary knowledge and understanding of real estate laws and regulations. Each state has its own licensing criteria, which include:

Completion of Pre-Licensing Courses: Most states require aspiring realtors to complete a pre-licensing course comprising around 180 hours of education. This course may vary depending on the specific requirements of your state, covering essential topics such as national, state, and local real estate laws, standards, and practices. Passing the State Exam: After completing the pre-licensing course, you must pass a state examination. The exam generally consists of 150 multiple-choice questions, and the passing score is typically 70%. You will have a time limit of 3 hours and 15 minutes to complete the exam. Membership in Multiple Listing Services (MLS): Joining a multiple listing service (MLS) is crucial, as it provides access to property listings and ensures transparency and efficiency in the real estate market.

In addition to the above, you may need to pay a licensing fee and renew your license annually. Continuing education is also mandatory to stay updated with the latest regulations and trends.

Joining a Brokerage

After obtaining a real estate license, the next step is to affiliate with a real estate brokerage. This involves:

Choosing a Broker: Selecting a reputable brokerage that aligns with your career goals and offers the necessary support and resources is crucial. Brokers can provide mentorship, training, and access to valuable networks. Entering into an Agreement: You will need to sign a contract that outlines the terms of your affiliation. This agreement typically includes responsibilities and rights for both you and the brokerage.

Once you are affiliated with a brokerage, you become part of a larger network of real estate professionals, which can significantly enhance your client base and career opportunities.

Joining a Real Estate Association

To officially use the term "realtor," you must join the National Association of Realtors (NAR) and its local chapters. This involves:

Membership Application: Submit an application to join the NAR and its local affiliates. Membership requires an annual fee, which can range from $100 to $300 per year, depending on the specific organization. Fulfilling Professional Standards: As a member of NAR, you are expected to adhere to professional standards and ethical guidelines. These standards help maintain the integrity and reputation of the real estate industry.

Joining NAR and its local chapters not only allows you to use the term "realtor" but also provides access to specialized resources, networking opportunities, and ongoing education.

Conclusion

Becoming a realtor is a significant achievement that requires dedication, knowledge, and networking skills. While the process can be challenging, it opens up numerous career opportunities in the real estate industry. Whether you are starting your journey as a realtor or have been in the industry for some time, understanding the licensing, training, and association requirements is essential. By following these steps and continuously investing in your education and skills, you can establish a fulfilling and successful career as a realtor.