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Real Estate Schools - Be a Real Estate Agent

Thinking of starting a career as a real estate agent? If so, you will need to take classes at a real estate school, satisfy the educational requirements set by the California Department of Real Estate and get your real estate license.

There has been enormous growth in real estate in the last few years, in most parts of the country and especially in California. Consequently, the number of real estate licensees have increased as well.

There are now almost 400,000 real estate licensees in California and about 2.5 million in the country.

It might be relatively easy to obtain a real estate license but to have a successful real estate career, it's a different story.

This is a very competitive business so to be truly successful, you'll have to work hard at it - stay on top on legislation changes, understand the real estate laws and contracts, be technologically savvy, etc.

The financial reward for those who succeed is substantial.

Here's what you need to know :

1) Licensing Requirements in California

2) Duties of Real Estate Agents

3) What is a REALTOR®?

4) Show me the money!

5) Real Estate Schools

How to Become a Real Estate Agent in California

1) Real Estate Agent Licensing Requirements in California

In California, real estate agents MUST be licensed by the California Department of Real Estate.

To obtain your real estate license, you must:

  1. Satisfy the minimum requirements requirements to apply for the real estate exam:
  1. Apply to take the State exam
  2. Pass the exam by answering at least 70% and above correctly
  3. Apply for the Real Estate License
  4. Submit one set of fingerprints that is acceptable to the State Department of Justice (DOJ)

If you're interested in this career, here are some books to help you get on your way:

Note: Licensed agents must work under the supervision of a licensed real estate broker. Most new agents start out by working for one of the large brokerages like Coldwell-Banker, Century-21, Remax, etc. If you would like to have your own business and work for yourself, you must have a real estate broker's license.

2) Duties of Real Estate Agents

A real estate agent's main job is to assist their clients in the process of buying and selling real estate.

Their list of duties include:

3) What is a REALTOR®?

A real estate agent is a REALTOR® when he or she pays an annual fee to be a member of the National Association of REALTORS® and subscribe to its Code of Ethics.

The agent generally join through the local board or association. For example, in Fresno CA, once you have obtain your real estate license, you may pay a fee to join the Fresno Association of REALTORS® which also makes him or her a member of the California Association of REALTORS® and the National Association of REALTORS®.

All REALTORS® are real estate agents but not all real estate agents are REALTORS®.

4) Show me the money!

Real estate agents are generally paid based on a percentage of the sales price. The seller will generally pay 4-6% of the sales price as the fee and that will generally be split 50/50 between the seller and buyer's broker.

For example, if the fee for a $100,000 house is 6%, the buyer's broker will be paid 3% or $3000 and the seller's broker will be paid 3% or $3000 as well. The fee is then split further between the broker and agent. Generally, for starting agents, the split is 50/50. So in this case, the agent will end up receiving $1500 for the transaction.

According to the California Employment Development Department, the salary of a beginning real estate agent can vary from $10,000 to over $50,000 a year.

An experienced agent's salary can vary from $20,000 to over $150,000 per year.

5) Real Estate Schools

Real estate classes are offered at most colleges, community colleges and even at the larger real estate brokerage companies. In Fresno, you can also check out Fresno City College, London Properties or Century 21.

Or if you prefer to take classes at your own pace and from the comfort of your home, check out these real estate schools instead:

School Phone #
Allied Schools 888.751.2286
Anthony Schools 800.373.7277
Chamberlin Real Estate School 800.672.4665

Check out the requirements to become a real estate agent in the other states.