More About Anniston Real Estate Agency
A real estate agent, realtor or real estate broker is a licensed individual who represents buyers or sellers of real estate. While a realtor might work on his/her own, most often an agent will work for a licensed broker under a third-party commission structure to represent individual clients. The agents receive a portion of the commission from the seller, while the buyer has to pay a portion of the commission. This form of brokerage is prevalent in the country and many other countries throughout the world. Feel free to visit their website at Anniston Real Estate Agency for more details.
To become a real estate agent in the United States, one needs to obtain a license from the states that they intend to work. For example, to become a real estate agent in a state, a real estate agent needs to obtain a license from the State Department of Financial Services. It is important to note that these licenses are valid for one year or for the length of the agent’s license, whichever comes first. Once the agent obtains his license, he is now required to complete the education portion required by the state. In addition to the education, agents must pass a background investigation to ensure that they have no criminal record which could jeopardize their ability to sell or buy a house.
One of the requirements to become a real estate agent in the United States is that agents have to hold at least a bachelor’s degree in business, but this does not mean that it has to be a four-year degree. However, most states require real estate agents to hold at least a bachelor’s degree, as well as at least two years experience working as a sales or market representative in a related field. If one does not hold an eight-year degree, then at the very least, he/she should hold a high school diploma. It is also required that agents complete an examination to ensure that they are capable of understanding the principles and strategies used in real estate transactions.