REEDC Career Guide Series
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New York Real Estate Licensing Overview

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Real Estate Overview

3 Simple Steps to Real Estate Career Success

Real Estate Salespeople (or “Agents”) and Brokers help their clients buy, sell or rent property, which are significant decisions requiring a substantial investment in time and financial resource for most people. A real estate transaction usually involves extensive credit checks, disclosure of a multitude of financial and personal documents for submission and scrutiny by the bank (lender) in order to secure a mortgage loan.

A Real Estate Salesperson/Broker is a trusted agent whose training and expertise helps guide their clients through a complex and often stressful real estate transaction.

There are five types of real estate property: Residential (homes/dwellings), Commercial (businesses/commerce), Industrial (factories/warehouses), Agricultural (farms/ranches), and Special Purpose (churches/schools). Agents and Brokers assist in ensuring a smooth and relatively painless financial transaction for their clients to obtain their desired property.

The real estate industry is vulnerable to changes in the economy, job stability, population growth, available inventory, and interest rates. However, despite these vulnerabilities, real estate is still perceived as a good financial investment. And, real estate professionals will always be in demand due to the arduous processes and financial significance of buying, selling or renting property.

Types of Real Estate Salesperson or Broker: You can work as a Salesperson or Broker for the seller (Listing Agent), the buyer (Buyer’s Agent), or both (Dual Agent). In New York, a Real Estate Salesperson or Broker may represent both the buyer and the seller if BOTH the buyer and seller give their informed consent in writing.

Commit to your new career and get started on your real estate license. Selling real estate is a fast-paced job in which you are interacting with people daily. Do you consider yourself a dedicated, reliable, ambitious, and hard-working professional with strong organizational and communication skills? Do you enjoy working with people and have a good knack for customer service? Then, real estate sales is a great choice for a rewarding, flexible and lucrative career. You can become licensed as a Real Estate Salesperson (Agent) or a Real Estate Broker.

New York Real Estate Salesperson & Broker License Course

Buyers Agent
Buyer’s Agents

A Buyer’s Agents’ job is to help home buyers find their dream home.

Buyer’s agents are hired by the buyer to help them navigate the home buying process.

They act as the matchmaker between their clients and the house that will become their home.

Listing Agent
Listing Agents

Simply put, a Listing Agent’s job is to help their client sell their home.

Selling a house is one of the single largest transactions that most people are ever a part of. A good Listings Agent can help make this process smooth and efficient.

They feel rewarded by helping families to sell their homes.

Real Estate Broker
Real Estate Broker

Benefits of becoming a Real Estate Broker include higher commissions, and the opportunity to open your own real estate firm.

A real estate salesperson may upgrade their career to become a broker after they’ve spent 2 years in the field building up experience.

But once they do, the career opportunities available to them skyrocket.

So many Real Estate career options…

Why become a buyer agent?

There is so much information out there about this industry, it can be overwhelming to a regular person. First time home buyers have an even harder time getting through it all. That’s why buyers hire a Buyer’s Agent in the first place – to help guide the client through the process.

A Buyer’s Agent will learn about their clients’ needs and help them determine where to start their search. Buyer’s Agents scour all of the resources at their disposal to find the homes that will match their clients’ needs. Buyer’s Agents have the ability to find homes that may otherwise have been overlooked by a client.

They bring value through their expertise in finding and presenting the right homes. When it comes to closing the deal, the Buyer’s Agent will also negotiate on their clients’ behalf.

When the day is done, you will have the job satisfaction that comes with helping your clients make it through the challenging journey of finding their perfect home!

The next step is to take the Real Estate Salesperson Course.

Why become a Listing Agent?

Listings Agents are the home sellers’ go-to resource for doing a job they cannot do themselves. They are masterful at marketing their clients’ homes to the right buyers. They are experts in a variety of marketing techniques to cover all avenues to grab as much exposure as possible. Selling a house is one of the single largest transactions that most people are ever a part of. It is essential that they meet with a Listings Agent they can trust.

A Listings Agent is an expert in their local markets from both a valuation and a negotiation perspective. A good Listings Agent will be able to price a home to sell within a specific time frame. They are able to ensure negotiations run smoothly among multiple buyers. Their goal is to get a home on the market, get as much exposure to it as possible, and create a demand among multiple buyers to yield the best offers possible.

A good Listing Agent gets a home seller the maximum amount of money for their home in the smallest amount of time possible. And the best part is, every home has its own unique characteristics and circumstances. No two homes are marketed the same so a Listing Agent is certainly a dynamic and creative professional.

The next step is to take the Real Estate Salesperson Course.

Why become a Real Estate Broker

Real Estate Brokers are the foundation of the real estate business. All agents must have a Broker with whom they register their license with in order to do business. However, a good Real Estate Broker does more than hold licenses. They are mentors who train agents and cultivate their talents to help them excel. A good Real Estate Broker can make a good agent great. They understand the ins and outs of the business due to their vast experience in the industry. They know the pitfalls to avoid and the best opportunities to pursue.

They are managers, coaches, innovators and strategists. Real Estate Brokers do it all. And with all the extra work comes greater rewards, both monetary and through recognition. Exceptional agents naturally gravitate to the path of becoming a Real Estate Broker. If you are a top performing agent with the right qualifications your next logical step is to become a Real Estate Broker!

The next step is to take the Real Estate Salesperson Course.

Or, if you’ve already been a Salesperson for 2+ years,
take the Real Estate Broker’s Course.

Other Real Estate career links