In the United States, whether you buy a house, sell a house, or rent a real estate, you may need the assistance of a real estate agent.
Real estate agents generally get commissions from the transaction price of buying a house, and they can also make a profit by managing rental houses.Real estate agent’s work method is free and flexible.If a year can promote a few houses to buy and sell, you can get very considerable income.To become a real estate agent, you need to complete a series of courses and pass the exam to obtain the real estate broker qualification certificate.
Directory of this article
- What is a real estate agent?Where does the income come from?
- What is the difference between Real Estate Agent and Real Estate Broker?
- How to become a real estate agent?
- Application for real estate agent costs?
- How much does a real estate agent make every year?
- The 180 -hour course recognized by Texas
- Summary of the Test Resources of Dezhou Real Estate Brokers
- Website
- More investment strategies
Related Reading:US buying process [2021] Top ten processes allow you to save you tens of thousands of dollars
What is a real estate agent?Where does the income come from?
Real estate agent, English is Real Estate Agent.Sometimes you hear “Real Estate Broker”.Broker refers to a real estate brokerage company, which is an agency that belongs to.
Real Estate Agent and Real Estate Broker are often collectively referred to as Realtor.For detailed differences between the two, please see Second quarter EssenceIn this article, if it does not specifically, the real estate agent refers to the Real Estate Agent.
The main task of real estate agent is to promote the transaction between buyers and sellers, owners and lessees.It is responsible for providing quotations and inquiries between the two parties, contacting house inspection, and so on.
Taking a house sale as an example, buyers and sellers will hire their real estate agent separately:
- Real estate agent served by sellers: It is mainly responsible for determining the market value of the seller’s real estate, publish real estate information online, communicate with the seller, and assist the entire house trading process;
- Real estate agent served by buyers: It is mainly responsible for finding real estate that meets standards for buyers, take buyers to see houses, conduct price negotiations, and help buyers solve any related issues in the transaction;
The salary of real estate agents mainly comes from a certain percentage of real estate sales prices Commission (Commission), Generally at the transaction price 6% On the left, the agent and the seller agent often take half of each.This rebate is generally paid by the seller.Of course, the seller may consider this factor in the house price and increase the house price.
Generally, the commission obtained by any party needs to be assigned between the real estate agent and its company (BROKER), which is called Commission split Essence
The commission is often issued to the Broker first.Broker will distribute the commission part of the agent to Agent according to the proportional proportion of advance.
For example, if a house worth 1 million US dollars is sold, then:
- Total commissions (with 6%as an example): 100 x 0.06 = 60,000
- Half of the buyer’s real estate agent and Broker: 30,000
- The other half pays the seller’s real estate agent and BROKER: 30,000
No party can get a complete 30,000, but can only get part of it (for example, 60%), and the rest must be given to the company’s company (called Real Estate Broker).
- Take 60% of the Commission Split as an example: the benefits obtained by each real estate agent: 3 x 60% = $ 18,000
Notice: In the actual real estate transaction, real estate agents often reach an agreement with buyers (or sellers) to return part of the commission to the buyer (or seller).For example, the buyer’s real estate agent may reach an agreement with the buyer to return 1%of the 3%commission to the buyer.
If this ratio.
- House price:1000000
- Buyer Agent and Broker’s total commission (theoretical value): 100 x 3% = 30,000
- If the agent returns 1%of 3%to the customer, the actual commission that Agent and Broker can get: 100 x (3%-1%) = 20,000
- 60% commissions based on Agent and Broker: Agent gets 2 x 60% = 12,000, Broker gets 2 x 40% = 08,000
Therefore, there are four main factors affecting the income of real estate agents:
- The price of the house: The higher the price of the house, the higher the income of Agent;
- Total commission ratio: The higher the total commission ratio, the higher the benefits of Agent;
- The return point of the house broker to the customer: The lower the return proportion of the return to the customer, the higher the income of Agent;
- The proportion of commissions between Agent and Broker: The higher the proportion of commissions obtained from Broker, the higher the income obtained by Agent;
By participating in buying a house or selling a house, the revenue obtained by the real estate agent is one-time revenue.
In addition, real estate agents can also benefit by managing rental houses, which is continuously.
In the end, because real estate agents know very well in buying and selling houses, most of them will buy real estate and participate in real estate investment.This part is a considerable income.
What is the difference between Real Estate Agent and Real Estate Broker?
Real Estate Agent generally refers to personal; and Real Estate Broker generally refers to the company.The two are collectively referred to as Realtor.
- Real Estate Agent Refers to the real estate agent who has completed the training and licenses, and is a member of the National Real Estate Broker Association ( Nar), Get commissions by assisting housing trading and leasing.Agent must be engaged in real estate transactions depending on real estate agency.
- Real Estate Broker Refers to a real estate agent license and continuing to receive training real estate agents.They can work independently, can open their own brokerage companies, and hire other real estate agents.Broker’s main work is similar to the Real Estate Agent.For example, it helps buyers to find suitable real estate and inquire and negotiate.One part of Broker’s income comes from its own income to complete real estate trading, and the other part from the Commission Split of Agent.
How to become a real estate agent?
If you want to be a real estate agent, you must first ask you to be 18 years old.At the same time, you must be an American citizen or an American green card.
The specific steps are as follows:
Step 1: Select a Broker
If you want to obtain a license, you must first find a real estate agency that is currently working, because you need Broker to provide you with a form before applying for Active License.If there is no Broker form, the license you apply for is only the inactive license, and there is no way to participate in real estate transactions.
When choosing Broker, you need to consider the following related issues:
- What is the reputation of Broker in the local area?
- Is the Broker positive and effective help its Agent?
- What proportion of the proportion of commissions by Broker?
- Whether the broker has a resource that can be used to help your business grow
Step 2: Complete 180 hours of certification courses
These 180 -hour courses include the following 6:
- Principles of Real Estate I & Nbsp; (Real Estate Principles 1): 30 credits
- Principles of Real Estate II (Real Estate Principles 2): 30 credits
- Law of agency: 30 credits
- Law of Contracts: 30 credits
- Real Estate Finance (Real Estate Finance): 30 credits
- Promulgated Contract Forms: 30 credits
Step 3: Pass the course exam
After you have completed each course, there is a course test.You must make an appointment with the proctor teacher in advance to participate on time with them.The minimum score of each test is 70 points.
Step 4: Apply to the Texas Real Estate Committee (TREC)
exist TREC Submit files, tables and costs.After completing the course before the certification, you need to submit all educational documents to TREC, including the graduation certificate obtained from relevant institutions.
Do you need to decide to apply: Active License or inactive License?
Active License needs Broker support.You need to submit the sponsorship form (SSF-2) signed by the Chartered Broker.If you want to engage in real estate transactions immediately after getting a license, then you need to find a Broker as your subsidiary.This is also the task you need to complete in the first step.
For Inactive License, you don’t need Broker support, but after getting a license, you cannot engage in real estate transactions.You need to submit SSF-2 forms to activate your license.
Therefore, if you have contacted the Broker who are willing to support before applying for a license, it should be the best choice.
Step 5: Arrange a license test and fingerprint identification
After receiving the TREC approval of your reply letter, according to the instructions of the candidate’s manual, you can do it with Pearson vue Arrange your exam, Pearson Vue is an institution under PEARSON Education and engaged in electronic examination services.Starting from the day you submitted the examination application, you have passed the exam for one year.At the same time you still need to Morphotrust Provide fingerprints for background investigations.
Step 6: Participate in the Test of the Dezhou Real Estate Broker Exam
When your test application is approved, you can be arranged and candidate’s manual.The national examination is composed of 85 questions.The test time is 150 minutes.The state test consists of 40 questions, and the test time is 90 minutes.You can from “Pearson Vue Candidate Manual” Learn more information about the exam.
Application for real estate agent costs?
The cost of the entire process includes the following content:
- 180 -hour curriculum learning fee (before the application license): $ 300 ~ $ 1,000
- Texas Exam Fee: $ 54.00
- Texas Real Estate License Application Fee: $ 205.00
- The cost of fingerprint: $ 39.00
How much does a real estate agent make every year?
U.S.Labor Administration Data show that as of May 2020, the average annual salary of real estate agent in Texas was $ 63,780, with a time salary of about $ 30.66/h.But their income is actually very different.
The highest annual income is New York State ($ 102,200/year), and the next step is MIT ($ 94,170/year), Colorado ($ 81,210), Connecticut ($ 78,540), and California ($ 76,750).
source: U.S.Bureau of Labor Statistics
There are many factors affecting real estate agents’ income.The work of a real estate agent is a job based on the commission [Commission].Generally, the corresponding commission is extracted according to the total price of the house.
Under normal circumstances, the new real estate agent who entered this field will get a lower commission division (for example, the proportion of commissions of real estate agents and its company in the first year is 50% -50%).Of course, Agent can discuss the proportion of this division with its Broker.
After some real estate agent Agent becomes Broker, other agents will be hired to work under it to become their agents.On the one hand, 100%sales commissions can be obtained on the one hand, and on the other hand, it can also get the sales commission of its Agent.This is also a way for many real estate agents to increase income.
The 180 -hour course recognized by Texas
Texas Real Estate Member It will list a number of institutions that can learn 180 hours of learning.We have listed several institutions that can learn online:
- !! AyPorealestate.com !!& nbsp; & nbsp; – & nbsp; & nbsp; livense #701050
- Absolutece& nbsp; & nbsp; – & nbsp; & nbsp; livense #4704
- Aceable Real Estate School& nbsp; & nbsp; – & nbsp; & nbsp; livense #701048
- American school of real Estate Express, LLC& nbsp; & nbsp; – & nbsp; & nbsp; livense #4727
- Austin Community College& nbsp; & nbsp; – & nbsp; & nbsp; livense #8104
- ChampionS School of Real Estate, LTD& nbsp; & nbsp; – & nbsp; & nbsp; livense #4530
- Dearborn real eState Education& nbsp; & nbsp; – & nbsp; & nbsp; livense #4592
- Del Mar College& nbsp; & nbsp; – & nbsp; & nbsp; livense #8120
- Kaplan Real Estate Education& nbsp; & nbsp; – & nbsp; & nbsp; livense #4546
- Learn TEXAS Real Estate Online& nbsp; & nbsp; – & nbsp; & nbsp; livense #4718
- Mbition learn real easy& nbsp; & nbsp; – & nbsp; & nbsp; livense #4570
- Onward School of Real Estate, LLC& nbsp; & nbsp; – & nbsp; & nbsp; livense #701042
- Pioneer School of Real Estate, LLC& nbsp; & nbsp; – & nbsp; & nbsp; livense #701052
- Realtor Academy& nbsp; & nbsp; – & nbsp; & nbsp; livense #4516
- Real Estate Training Institute, A Division of Certified Training& nbsp; & nbsp; – & nbsp; & nbsp; livense #701059
- Real Estate U Online LLC& nbsp; & nbsp; – & nbsp; & nbsp; livense #9034
- Texas A & M University-Commerce& nbsp; & nbsp; – & nbsp; & nbsp; livense #8203
- Texas State Online Real Estate, LLC& nbsp; & nbsp; – & nbsp; & nbsp; livense #4717
- The CE Shop LLC& nbsp; & nbsp; – & nbsp; & nbsp; livense #701046
- Train Agents, INC.& nbsp; & nbsp; – & nbsp; & nbsp; livense #4587
- Van Education Center& nbsp; & nbsp; – & nbsp; & nbsp; livense #4575
- Zarco Real Estate Academy, LLC& nbsp; & nbsp; – & nbsp; & nbsp; livense #701057
Summary of the Test Resources of Dezhou Real Estate Brokers
1.Real Estate Express
It is a national online real estate school that provides unique examination materials, including 900 examination exercises, regular practice tests, real estate knowledge dictionaries, expert guidance feedback and custom training feedback.Both reasonable prices and can get more direct expert guidance.
Compared with other choices, the learning materials are relatively less, because he cannot choose videos, audio, or online seminars and other learning auxiliary functions.
2.Prepagent
It is an online self-service preparation service, which integrates all learning models, has the most types of learning tools that can be determined by the most types, and matches the corresponding learning assistance: drawing cards, audio, video courses, online seminars, practical practice, practical practicetest.Therefore, it will be your ideal choice to pass the agent’s license test.
It does not provide instructors, and no relevant teachers can consult questions.
3.kaplan
It is a national real estate school that provides online real-life video guidance test preparation courses.Its most prominent advantage is that his course is directed by the teacher.You can consult the teacher at any time.It also comes with an online test question bank.The course includes the test before and after the assessment.And draw card.Course can be divided into face-to -face and online lectures as needed.
The price is more expensive than other options.Learning auxiliary tools will be less than Prepage.
4.mbition
It is a national real estate school that provides online courses and pre-examination education.Its uniqueness is that it contains Mathmaster, focusing on the part of real estate mathematics in the exam, and can help those who need to study real estate mathematics and financial concepts.It has more than 1,000 exercises and a large number of additional textbooks in its courses, and a adaptive test system that changes the question type based on your question efficiency.
It does not have videos to watch and learn, and there are no teachers who can consult with questions and provide explanations.The auxiliary tools will be less than Prepagent.
Website
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