How to Get Started in Real Estate: A Step-by-Step Guide

Are you thinking about becoming a real estate agent but feeling overwhelmed by the process? You’re not alone. Getting into real estate can seem daunting with all the requirements, exams, and decisions to make. But don’t worry—this guide will break down everything you need to know to start your journey into the world of real estate.

Step 1: Decide to Commit to Real Estate

The first step is deciding that you really want to become a real estate agent. This might sound simple, but it’s a crucial step. Real estate requires time, money, and dedication, so it’s important to be fully committed to the process.

Step 2: Check Your State’s Requirements

Real estate licensing requirements vary from state to state, so the next step is to visit your state’s real estate commission website. This site will provide you with the specific requirements, fees, and steps needed to get licensed in your state. Every state has different education and application requirements, so it’s essential to get this information directly from your state’s official source.

Step 3: Complete Your Education

Education is a key part of becoming a licensed real estate agent. Most states require you to complete a certain number of hours in real estate courses, either online or in person. These courses will cover important topics like real estate law, contracts, and property management.

While the material can be dense and, at times, seem unrelated to what you’ll actually do as an agent, it’s necessary to qualify for your real estate exam. Remember, this is just the beginning of your education in real estate.

Step 4: Pass the Real Estate Exam

Once you’ve completed your required education, the next step is to take your state’s real estate exam. The exam typically includes both a national portion and a state-specific portion, testing your knowledge of real estate practices and laws. It’s crucial to study hard, especially on the state-specific content, as each state has unique regulations and procedures.

If you don’t pass the exam on the first try, don’t be discouraged. Many states allow you to retake the exam, but be sure to check your state’s policies on retakes.

Step 5: Complete Background Checks and Fingerprinting

After passing the exam, you may need to undergo a background check and fingerprinting. This is a standard part of the licensing process and ensures that you meet the ethical standards required to practice real estate.

Step 6: Join a Brokerage

Before you can start selling homes, you’ll need to join a brokerage. A brokerage is a real estate company where agents work under a licensed broker. The broker will provide you with the necessary training, tools, and support to succeed in your new career. Take the time to research different brokerages and find one that aligns with your goals and values.

Step 7: Join a Real Estate Association

Finally, to access essential tools like the Multiple Listing Service (MLS) and standardized contracts, you’ll need to join your local, state, and national real estate associations. These memberships will give you access to resources that are critical for your work as a real estate agent.

If you’re ready to dive deeper into what it takes to get started in real estate, be sure to watch my video titled "Getting A Real Estate License: What You NEED to Know." In the video, I go into even more detail about each step, sharing my personal experiences and tips to help you navigate the process with confidence.

New to Real Estate?

If you’re a new agent looking for comprehensive training and support as you start your real estate career, consider joining Power Unit University. Our program is designed to help new agents build a strong foundation in real estate, with step-by-step guidance on everything from generating leads to closing deals. Don’t go it alone—join a community of like-minded professionals and set yourself up for success.