Whether you’re looking for a new career or want to add another skill set to your resume, getting your real estate license may be worthwhile.
If you’re wondering whether you should pursue it, here are three reasons a real estate license could be beneficial:
1. Career Options
Many people think of residential real estate agents when they think of the profession, but there are several roles that licensed real estate professionals can fill.
Property Manager- Overseeing the day-to-day operations of rental properties.
Commercial Real Estate Agent- Helping businesses find and purchase or rent the perfect office or retail space.
Real Estate Developer- Overseeing the construction of new residential and commercial properties.
Appraiser- Estimating the value of property like homes, land, and buildings.
Aside from having your pick of career, with your license, you’ll also be able to set your hours and select which clients you work with and which regions you target. Whatever path you choose, a real estate career can be financially and personally rewarding.
2. Increased Professionalism
With your required real estate license, you fulfill certain legal obligations to list for sale or lease properties and increase your acumen in the industry. Not only does it show that you have the requisite knowledge and skills, but it also demonstrates your commitment to your career.
If you want to show your commitment to professionalism, you may consider becoming a REALTOR®. As a member of the National Association of REALTORS®, you are held to a strict code of ethics and must adhere to a higher standard of conduct. This not only makes you more credible in the eyes of potential clients but can also instill confidence in those who work with you.
3. Access to Exclusive Resources
If you become a licensed real estate agent, you can gain access to exclusive resources unavailable to the general public.
Resources for those with a license include access to the Multiple Listing Service (MLS), property data, and other information that can help you grow your career.
Additionally, many real estate firms or brokerages offer their agents training and support to help them succeed, including the opportunity to network with other real estate professionals.
The requirements for a real estate license vary from state to state, but there are some common elements. Generally, you’ll need to be at least 18 years old and have a high school diploma or equivalent. You may also need to complete a certain number of approved real estate education hours and pass an exam depending on your state’s requirements.
Once you’ve obtained your license, you may need to renew it every few years by completing additional education courses.
Final Thoughts: Real Estate License Benefits
A real estate license offers many benefits that can be helpful whether you’re looking to start or further your career. With a license, you have access to more career options, increased credibility, and exclusive resources that can give you an edge over the competition. If you’re interested in a career in real estate, getting your license is a significant first step.