Real Estate Licensing Pitfalls to Avoid
You've made the decision to start a career in real estate. Congratulations! Your new career can offer new freedoms, extraordinary income opportunities and will open up a whole new set of networking opportunities. To ensure you get off on the right foot, you'll want to avoid these real estate licensing pitfalls.
- Choosing the wrong real estate course. You'll have a choice of attending a classroom course or an online course. Each has advantages and disadvantages. If you learn better and need the discipline of a classroom experience, then taking an online course could be a mistake. On the other hand, classroom courses aren't as flexible and take more of a commitment than an online course. Look at your options and choose carefully. Make sure any online course you are considering is accredited in your state.
- Choosing a broker who is incompatible. Find a broker who is aligned with your ethical standards and who will provide support and guidance in the early years of your new career. Will they help you in obtaining leads? Are there potential mentors available?
- Not knowing requirements and deadlines. The real estate industry is full of deadlines and requirements so you might as well get used to it early. Know what is required of you to take your state exam and the deadlines for any submission. Requirements and deadlines vary from state to state. Find out what you'll need in terms of ID, background checks, fingerprints and other requirements far enough in advance to not miss critical testing deadlines.
- Not properly preparing for the license exam. Don't assume that just because you have completed coursework you are ready to take the test. Review and study your materials setting aside specific times for preparation. Know the lingo and go into your exam feeling confident.
- Doing it alone. Don't make the mistake of doing it alone. Get a study-buddy or find someone to help you prepare for your state exam. Get input from licensed agents. You don't have to do this alone and you shouldn't. Now is as good of a time to start building your network as any!
Part of the licensing process is to help ensure you are ready to become a real estate agent in your state. It takes specialized knowledge but it also takes discipline and an awareness of the importance of requirements, deadlines, and proper preparation. Avoid the above pitfalls and you are well on your way to a successful licensing experience. This is the foundation of the terrific career that awaits you in real estate.