What is a real estate broker?
A real estate broker is someone who helps property buyers and sellers as they look to conclude specific deals. For example, someone who is looking to buy a home is going to need assistance as they bid on houses, close in on the one property they want to buy, and go through the process of checking out the property and eventually closing the deal.
Similarly, individuals and families who want to sell a residential or commercial property will require a broker to help them complete inspections, put the house up for sale and advertise the property through real estate listings.
How can I become a real estate broker?
In most states in the United States, a real estate broker can only work after they have completed certain tests and received their license. The first step in becoming a broker is enrolling in a physical or online class, where you will learn more about the real estate market. A prospective broker will then take a state-specific test.
If they pass the test, they will be one step closer towards obtaining their broker’s license. The last step involves working with a brokerage, where they will shadow a licensed broker and learn first-hand about how the real estate business works.
What are some of the negatives associated with being a real estate agent or broker?
The biggest negative about working in real estate is the financial uncertainty, especially during the first few years. Brokers can make a very good living for themselves, but it involves a ton of hard work and constant learning. The first few years are a little brutal, and prospective brokers are advised to enter the business if they have a job on the side, or some savings to get them through the lean spells.