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Uncategorized | 4 Posts
December
31

Choosing a career path can be overwhelming, but it doesn't have to be. Creating a list of questions to ask yourself and the company you want to work with is essential. But what questions should you be asking? We created a list of frequently asked questions and answered them all in one place for you. We hope this makes it easier to take your next step.

Here is a list of questions and answers to consider when you're contemplating a career in real estate:

What does it take for me to become a real estate broker? 

Selling real estate requires a license issued by the State of Illinois.  You must take a class and pass the final exam to obtain that license.  After that, you are prepared and able to take the state exam.  The course and the state exam are not terribly difficult, but you will need to pay attention in class and study to pass. Once you have passed the state exam, you can make an appointment with us to make arrangements to begin your real estate career immediately!

What is the typical workday like? 

No two days are exactly alike, which makes selling real estate interesting!  Your schedule is what you choose to make it.  You can work in the office or from home.  Most agents do a little of both.  Some days you will visit with clients, and on other days you will work on a market analysis of a home or handle the details of a contract and closing.  Most days, it will be a little bit of everything.  It helps if you are organized and can manage your schedule well. The most important job is to seek new clients to assist constantly.  The most successful brokers have a series of methods of finding new buyers and sellers, and therefore they enjoy a steady stream of new business. 

How much can I expect to earn, and when? 

Honestly, it can take a couple of months before that first commission check arrives. You should prepare financially to start slowly while growing your business over the first year.  Depending on their client prospecting ability, a typical full-time agent could earn between $25,000 and $40,000 their first year. 

What does it cost to get started? 

There are three costs associated with starting your new career: pre-license school $590, state exam $100, and membership fees for the National Association of Realtors and the Rockford Association of Realtors. You should budget $1,000-$1,200 to get started. There are expenses, including annual license renewal, membership dues, and access fee to the Multiple Listing Service. After your first year, you should budget $1,400 for yearly expenses. 

These questions are the most common ones we receive when someone is inquiring about a career as a real estate agent. We hope it helps you with your research and decision to take the next step.

Gambino Realtors believes in their agents and supports them on their journey. There are so many reasons to choose a real estate career, and we're here to help. If you have questions or if you are ready to dive right in, please reach out to get started today. Please contact Heather Porter at 815.316.4048.