(Alifweb) – How to Become a Real Estate Agent in the USA? Many people are drawn to the real estate sector by the promise of a flexible schedule and the ability to control their income. The largest trade organization in the sector, the National Organisation of Realtors, has more than 1.5 million members.
Although the criteria differ by jurisdiction, becoming a licensed real estate agent is simple. You should look up your state’s requirements, which the state’s real estate commission frequently decides. However, state laws are frequently similar, and the guidelines below apply to most of the United States.
Determine if being a real estate agent is the right career for you.
Working as a licensed real estate salesman is perfect for many people, with flexible hours, significant earning potential, and a simple application procedure. However, before starting a new job, remember that real estate success may take much work.
It depends on the local economy’s ebb and flow, your market knowledge, and your willingness to put yourself out there to connect with consumers and other professionals. Consider the benefits and drawbacks of being a real estate agent.
While the potential revenue may appear endless, you may want more funds in difficult times for the housing market. Your desire to become a market specialist, guiding clients looking for the perfect neighborhood, negotiating a sale, or even determining whether to hold off on selling for the time being is also important to your success in the sector.
Is 2023 a Good Year to Start a Real Estate Career?
The housing bubble of 2021-2022 is over, and the housing market has slowed due to rising interest rates and ballooning home prices, but there is still plenty of buyer desire. As home prices and interest rates adjust, housing market estimates for 2023 point to a more favorable market for purchasers.
Values are expected to decline 5% across the country in 2023, with 10% or more price corrections in places where home values have risen the highest. Barring unforeseen circumstances, a home market catastrophe is not predicted shortly. However, for most individuals, being a real estate agent is a job, not a side hustle, so you’ll want to be prepared to weather the market’s ebb and flow beyond what’s coming up in the next year.
Housing market forecasts for the next five years do not anticipate the market readjusting to epidemic highs, and there is no hint of a 2008-style housing catastrophe. Each market is also unique. If you live in one of the country’s hottest housing markets, you’ll most likely have an easier time finding buyers and sellers than in a cooler area.
How to become a real estate agent or estate agent, talk to some local agents about their current market experience and notice who they work for and what areas they serve.
Meet the minimum age and education requirements.
In the United States, no real estate license requires a bachelor’s degree, although a high school diploma or a GED is required in many circumstances. Even if high school equivalency is not necessary for the license, many colleges that offer real estate education courses do. To become a licensed real estate agent in any 50 states, you must be 18 or 19, depending on the state.
Attend Real Estate Education Classes
Most states demand a certain number of hours of instruction, usually accomplished through an approved classroom or online course. The requirement can range from 40 to 300 hours, depending on the state. Prelicense classes are available in numerous states through companies such as Kaplan, The CE Shop, and Colibri Real Estate. You can also contact your local college or real estate company to see if they offer classes.
Throughout the United States, many branches of Better Homes and Gardens Real Estate, Coldwell Banker, and Re/Max offer programs, often with a reimbursed or discounted price if the agent works with the broker after receiving his or her license.
Pass the Test
Your license classes should lead to your state-issued real estate license exam, which covers interacting with clients, negotiating, finalizing a deal, and obeying real estate law.
Your state determines the minimum passing score; in Michigan and California, 70% or above is necessary, whereas 75% is required in New Mexico. Most states allow you to retake the exam if you don’t pass the first time, though there may be a limit on the number of retakes you can take or a time limit between retakes.
Costs of Real Estate Licencing
When you become eligible to become a real estate agent, you must pay dues to obtain and maintain your license. Furthermore, the exam costs money, which varies by state. To give you an idea of what to expect, here’s a quick breakdown of license and test prices in a few states:
- California charges $60 for the exam and $245 for the initial and renewal licenses.
- The exam costs $15 in New York, and the original and renewal licensing fees are $65 each.
- Florida charges $36.75 for the exam, $83.75 for the initial license, and $32 for renewal fees.
- Texas requires $43 for the exam, $185 for the initial application plus $38 for fingerprints, and $110 for renewal fees.
Furthermore, preparing real estate classes for the exam might cost hundreds of dollars. If you want to go the extra mile and become a Realtor, the National Association of Realtors will charge you $150 yearly to stay a member. The Code of Ethics training course required by NAR is free.
Work for a Licensed Broker
In most places, you can’t receive your license and start your firm without an experienced broker. There are many employment options, whether you choose a traditional brokerage where you’re placed on a team to learn from a top-producing agent or a nontraditional brokerage where you can work independently or specialize in a salary-paying transaction process.
The real training is working with an experienced realtor at Richardson Sotheby’s International Realty in San Luis Obispo, California. Charles Richardson, senior partner and founding member at the brokerage, says new agents learn how to meet client needs, hold open houses, connect with potential clients, negotiate, and close a deal by working under a seasoned agent for six to twelve months.
He says, “There’s somebody there watching you and helping you.” As a licensed real estate agent, you can represent buyers, sellers, renters, and landlords. The idea is to gather experience and expand your agent business.
Here are four tips from experienced agents for a successful new career:
- Have the funds to get started.
- Know your market well.
- Keep learning.
- Be ready to adapt.
Today, Netflix reports its earnings – There is a chance for growth
(Alifweb) – Investors are waiting for Netflix to talk about the progress of its plan to charge subscribers for ads and its price strategy after the market closed.
Some analysts are scared that changes on either front could slow growth in the future. For the third quarter, the consensus for Netflix NFLX -1.96% (ticker: NFLX) is for the business to make $8.54 billion in sales, earn $3.49 per share, and get 6.1 million in paid net add contracts. For this quarter, analysts expect EPS to be $2.17, net adds to be $7.7 million, and sales to be $8.78 billion.
Last week, Wolfe analyst Peter Supino lowered his rating for Netflix from Outperform to Peer Perform and took away his $500 price goal for the stock because he was worried about its growth in the coming years.
He wrote, “Netflix is on track to build a huge advertising business for the long term, but we are becoming more worried about growth forecasts for 2024–25.”
According to the expert, changes in prices could be bad for Netflix. In July, the streaming video company got rid of its base plan for new customers, which was $9.99 a month and didn’t include ads.
In the past three months, Netflix stock has dropped 21%. In September, investors were let down by what some experts saw as a company executive’s cautious comments about growth and profitability.
Sysco Announces Acquisition of Leading Equipment and Supplies Edward Don & Company is a distributor
DON, which was founded in 1921, earns over $1.3 billion in annual revenue by serving a diverse spectrum of restaurants, food service, and other customers throughout the United States.
This acquisition will enable Sysco to bring strategic new capabilities and diverse offers to its existing business, as well as build a speciality Equipment and Supplies platform that will give clients superior selection and service. DON will specifically bring:
- With over 1.4 million square feet of distribution centres and office space in important U.S. areas, the company has a broad distribution network.
- A committed and experienced field sales team focusing on equipment and supplies, as well as design and build capabilities that supplement our current business.
- DON will function as a separate speciality division within Sysco following the completion of the transaction.
- Furthermore, Sysco aims to retain DON’s leadership team as well as all current workers.
“We’re thrilled to announce our plans to acquire Edward Don & Company, a leader in the equipment and supplies industry for over 100 years,” said Kevin Hourican, President and CEO of Sysco. ”
Led by Steve Don and a strong leadership team, this exemplary business will drive accretive value to Sysco’s business and enable Sysco to better serve our customers with a more complete product assortment.”
Furthermore, this acquisition will demonstrate our Recipe for Growth strategy. We are thrilled to introduce Edward Don’s attractive assortment and solid supply chain capabilities to our hundreds of thousands of clients.”
The deal is subject to regulatory approval as well as other usual closing conditions.
Sysco is the global leader in food product sales, marketing, and distribution to restaurants, healthcare and educational facilities, lodging accommodations, and other clients who cook meals away from home.
Its product portfolio also includes culinary and hospitality equipment and supplies. The corporation employs over 72,000 people and maintains 334 distribution facilities worldwide, serving roughly 725,000 consumer locations.
The corporation earned sales of more than $76 billion in fiscal year 2023, which concluded on July 1, 2023. www.sysco.com contains information on our Sustainability programme, including Sysco’s 2022 Sustainability Report and 2022 Diversity, Equity, and Inclusion Report.
Visit www.sysco.com for additional information, or find Sysco on Facebook at www.facebook.com/SyscoFoods. Visit the Investor Relations section of the company’s Internet home page at investors.sysco.com for important news and information about Sysco, which Sysco intends to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.
Furthermore, investors should continue to study our press releases and SEC filings. It is possible that the information we release via any of these routes of dissemination will be considered material information.
Bryan Hanson Has Been Named CEO of 3M’s Health Care Division
(Alifweb) – Tuesday, 3M, a Minnesota-based company, announced the appointment of a new chief executive officer for its independent healthcare subsidiary.
Hanson previously served as president and CEO of Zimmer Biomet, a “global MedTech innovator” with an annual revenue of over $7 billion since 2017.
“We are pleased to have Bryan join us to successfully complete the spin-off of our Health Care business and build a leading independent medical technology innovation company,” stated Mike Roman, chairman and CEO of 3M.
His industry knowledge, ability to generate growth, and track record of building strong cultures and teams will have an immediate effect.
Carrie Cox will also serve as the independent chairman of 3M’s Board of Directors for the new healthcare company, while Monish Patolawala will serve as the company’s president and chief financial officer.
Since 2022, the Health Care Business Group of 3M has generated $8.4 billion in revenue as a result of its “deep and diverse portfolio of trusted brands, global capabilities, and leadership in attractive end market segments such as wound care, oral care, health care IT, and biopharma filtration.”
According to the news release, the Health Care Business Group is a separate company that aims to provide industry-leading innovation.
Technology7 months ago
How ChatGPT Can Help You Make Money
Business3 months ago
Bryan Hanson Has Been Named CEO of 3M’s Health Care Division
News3 months ago
Saudi Arabia Launches New Family Visit Visa Process, Allowing Foreign Residents to Perform Umrah Pilgrimage
Travel4 months ago
Malaysian Tourist Influx Remains Stable Amid Uncertainty in Thailand’s South
Uncategorized4 months ago
Watch Live Football Juventus vs Real Madrid Warm-up Football With Live Channels
Beauty & Fashion4 months ago
How to Apply Sunscreen to Protect Your Skin from the Sun
Health & Fitness3 months ago
Blood Thinners and Diabetes Medicines are Among the First 10 Drugs Whose Prices the US will Negotiate
Business3 months ago
What is Affiliate Marketing – A Free Virtual Event – 2023