Real Estate Information
Becoming a real estate agent takes dedication and support. It requires long hours, but can be a highly rewarding career. To start, the Louisiana Real Estate Commission requires that you must:
• Be at least 18 years of age.
• Have obtained a high school diploma or equivalency certificate (GED).
• Complete 90 hours of real estate education in courses approved by the LREC.
• Pass the real estate salesperson licensing examination.
• Provide a criminal background history
• Select a Broker who you would like to affiliate with (Sponsoring Broker).
Your objective in this business is to assist people through the process of buying or selling homes. Your business can come from people you already know or from complete strangers. You will get assistance from our Broker, who has over 25 years’ experience and is a past licensed instructor for the Louisiana Real Estate Commission. You will learn what tools to use to enhance your business performance.
We estimate the start-up cost to be approximately $1,500. Some of these expenses include your tuition, your real estate license, membership dues in the local, state and National Association of Realtors, errors and omission insurance, etc. Our manager will elaborate on what fees are due and when.
Highs and lows are part of any sales career—some months will be higher producing then others; consistency over time will be the key to your success. Remember the first commission check may not come for a couple of months because real estate sales are paid on a commission basis and it takes time to establish and build a customer and client base for your business. So, it really depends on you and how much time you devote to developing your business.
- Provide guidance and assistance to sellers and buyers in marketing and purchasing properties for the right price under the best terms.
- Determine clients’ needs and financial abilities to propose solutions to them.
- Perform comparative market analysis to estimate property value.
- Display and market real property to possible buyers.
- Prepare necessary paperwork (Leases, Purchase Agreements, etc).
- Maintain and update listings of available properties.
- Cooperate with appraisers, escrow companies, lenders and home inspectors.
- Develop networks and cooperate with attorneys, mortgage lenders and contractors.
- Promote sales through advertisements, and open houses.
- Remain knowledgeable about real estate markets and best practices.
Sales Person Requirements and Characteristics
- You must be at least 18 years of age.
- You must have obtained a high school diploma or equivalency certificate (GED).
- You must show proof of successful completion of 90 hours of real estate education in courses approved by the LREC.
- You must comply with all application procedures required by the LREC. This includes the submission of a criminal background history.
- You must pass the real estate salesperson licensing examination.
- You must be sponsored by a licensed real estate broker and provide proof of Errors and Omissions insurance prior to license issuance.
- Must have the ability to work independently combined with excellent interpersonal skills.
- Must have strong sales, negotiation and communication skills.
- Pleasant and trustworthy.