Real estate is an excellent career choice for many people. To become a successful real estate broker, there are several different requirements that must be satisfied. The good news is that you do not need to spend years jumping through hoops, taking classes, and completing training in order to get your real estate license. In fact, you can even get a real estate license over the summer. This raises an important question: What is the fastest way to become a real estate broker? There are three basic things that you need to consider:
- State Requirements: Real estate broker licensing standards vary by state. You should look up the specific requirements in your state to figure out exactly what needs to be done.
- Real Estate Classes: To become a real estate broker, you will generally need to meet certain basic education requirements. For most people, this means taking a few classes. Though, if you already have taken some real estate classes, those could satisfy some, or all, of the educational requirements.
- The Licensing Exam: Finally, you must pass your state’s real estate broker test. While these exams can be challenging, you can pass with focused study habits.
At Real Estate Prep Guide, we offer professionally curated real estate broker practice exams and study guides for every state in the country. With the help of our test prep materials, you will be able to pass the real estate broker exam in the most effective and efficient manner.
What Does a Real Estate Broker Do?
Before you embark on your journey to become a real estate broker, it is vital that you understand what a real estate professional actually does on a day-to-day basis. Essentially, a real estate broker is someone who negotiates, arranges, facilitates, and executes real estate transactions.
In practice, that means researching properties and market trends, writing contracts, and working directly with clients. Of course, the duties of a specific broker can and do vary. There are even different types of brokers. For example, you may work exclusively with commercial properties. What is a commercial real estate broker? It is a licensed real estate professional who oversees the buying and selling of properties that will be used primarily for business purposes.
How Much Do Real Estate Brokers Make?
If you are considering pursuing a career as a real estate professional, you may be wondering: How do commercial real estate brokers get paid? While this is a seemingly straightforward question, it is one that does not have an easier answer. Real estate brokers are often paid on commission, so salaries can vary widely. According to the most recent data from ZipRecruiter, the average salary for a real estate broker in the U.S. is $101,102 annually. Though, in reviewing its data, ZipRecruiter finds that the normal range of real estate broker salaries is between $14,000 and $399,000 — a large range.
What is the Difference Between a Real Estate Salesperson and Broker?
Real estate brokers and real estate salespersons are two different types of licensed professionals. Generally speaking, a real estate broker has the most training. Indeed, real estate salespersons usually work under the guidance of a broker. For reference, the California Department of Real Estate notes that a person must serve as a real estate salesperson for at least two years before they can even apply to become a broker. Regardless, you will need to pass a written exam to become either a real estate broker or real estate salesperson.
Get Access to the Best Real Estate Prep Materials Instantly
There is no way around it: If you want to become a real estate broker or real estate salesperson, you must pass the licensing exam. These are challenging tests — in many U.S. states, around half of first-time test takers fail. Fortunately, you can absolutely pass on your first try. At Real Estate Prep Guide, we have put together the best real estate study guides and practice tests for every state. We offer:
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With our guides, quizzes, and sample tests, you will pass the real estate broker or real estate salesperson licensure exam. If you do not, we will issue an immediate refund — no additional questions necessary. Ready to become a real estate broker this year? Pick your state and get started.