When buying or selling your home, a real estate license is necessary. Most states require that you complete education before you can become a licensed real estate agent. Many states offer online real estate courses. The state you live in will determine which educational requirements you need to meet. A real estate license will give you access to more deals. In addition, a license will help you expedite the implementation of your purchase or sale.
Once you have completed your training, you can work as a real estate agent. Real estate agents work under a licensed broker. Brokers supervise real estate transactions to ensure ethical and legal standards are upheld. Like stockbrokers, real estate agents must work for a licensed firm to earn their license. After several years working as an agent, they can apply to become a broker.
While most homebuyers work with a real estate agent, 12 percent of buyers did not work with a real estate agent. This can be an option for some people, especially if you know the property well. Purchasing a home without a real estate agent can also be a great option for intra-family transactions. Just make sure you are negotiating with someone who knows real estate.
Then there’s the issue of the purchase and sale agreement. Many agents will spend a significant amount of time marketing the home early in the process. They may charge a flat fee for this service. However, if you’re going to hire an agent, you should learn how to use Zillow and Trulia websites to list your home. It is essential to have high-quality pictures of your home and a 3D tour.