Getting Started in Real Estate
If you are thinking about getting started in real estate in North Carolina this is a basic quick start guide on how to begin.
Pick a school and take the class: The first thing you will need to do is pick a real estate school to take the 75 hour NC Broker Pre-licensing course. We would recommend researching the schools based on their pass fail rate. You can check out the schools performance by clicking: Real Estate School Performance Report. The real estate test is surprisingly difficult and it is important that you pick the school that will prepare you best to pass the test. That school may not necessarily be the school that is closest to you geographically. You will need to first take and pass the class test before you can sit for the state test.
Apply for your license: Once you complete the class you will need to submit a license application that will be processed by the Real Estate Commission. This will include a background check and once accepted, you will be eligible to take the state test. Once you pass the state test, you will then be granted a license.
Pick a Firm: Now that you have your license you will be considered an inactive Provisional Broker. To activate your license, you will need to pick a firm so that you can activate your license. You want to really choose your firm carefully and make sure they provide lots of quality training and technology to help you get started. Your 75 hour course will teach you the basics about real estate laws, rules and forms, but they will not teach you how to actually make a living doing this. The firm you pick when you start can be the biggest reason you succeed or fail so really choose wisely. Check out this list of Questions to Ask Before Deciding which Firm to Join.
Join a REALTOR Association and MLS: More than likely the firm that you join will also be affiliated with a local real estate association and a local multiple listing service. The REALTOR association will provide members the ability to do charity and service work, and will be your advocate in helping you to practice real estate. The multiple listing service (MLS) is a service that provides listing data from member firms and assures compensation and cooperation for those listings.
If you are looking for more detailed information on this basic process consult the NC Real Estate Commission booklet Real Estate Licensing in North Carolina by clicking: Real Estate Licensing in NC
Getting started in real estate will cost money. You should be prepared to spend about $3,000 on classes, licensing and REALTOR/MLS membership. You should also be prepared to not make any real money for about 6 months. This career can really be tough to get started, but is among the most rewarding careers that a person can have.
If you are interested in a career in real estate provide your contact information by CLICKING HERE, and we will get back to you quickly.
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