Wealthy Living

How Much Does it Cost to Become a Real Estate Agent?

Unless you have been living under a rock lately, you probably know that real estate is hot right now. Homes around the country are routinely selling for 20% or more over asking.

Real estate agents are raking in the money, and maybe you want a part of that?

The Costs to Become a Real Estate Agent

Income as a real estate agent heavily depends on your location. The number of hours worked per week will also influence income.

Agents that work 60+ hours could make more than $170K a year in some locations. Real estate brokers earn more, but let's hold that thought.

Let’s discuss what real estate agents do, the requirements to become an agent, and how much it typically costs to become a real estate agent.

What Real Estate Agents Do

Agents help people buy and sell properties. Agents representing the seller (also called “listing agents”) will officially list the property for sale within the Multiple Listing Service, or MLS.

They may take pictures of the property to include in the listing, suggest improvements to boost the home’s value, stage the house and help the owner determine a good selling price.

What are the Requirements to Become a Real Estate Agent?

To be a real estate agent in the United States, you need to be licensed. Different states have different requirements, but all states require a state license to become a realtor.

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