How to Become a Real Estate Agent with No Experience

Real Estate Investing5 min read

To be or not to be … that is the question we will help you answer!

Shoshana Cenker
Shoshana Cenker

Is the thought of how to become a real estate agent with no experience percolating in your noggin’?

Are you tired of a portion of your investment profits going to agent fees? Or perhaps you’re simply interested in expanding your REI business…

Whelp, becoming a real estate agent is an excellent option that — wait for it — doesn’t require any previous experience. Hooray!

From first-time real estate investors to tenured experts, becoming a real estate agent might be the right move to elevate your REI business’s cash flow. 

So, we’re gonna walk you through how to become a real estate agent with no experience. We’ll explain: 

  • the benefits of becoming a real estate agent
  • the steps of earning your license
  • how to join a real estate brokerage
  • the importance of building connections in the industry
  • and more

All aboard the real estate agent express, as we embark on a journey of how to become a real estate agent with no experience!

Benefits of Earning Your Real Estate License

  1. MLS Access
  • You can access the Multiple Listing Service (MLS) as a licensed real estate agent. This allows you to view property information that isn’t available to the public. You can research what comp properties have sold for in the area and other important data you can’t find on real estate listing sites that the general public views. 
  1. Commission 
  • If you represent your own property in a deal, you will earn the agent commission, which is typically around 3% of the sales price. Now, this sounds incredible, but real estate agents do hard work. You need to make sure you’re willing and able to do the research required of an agent to effectively represent your own deal so you’re not leaving money on the table. 
  1. Off-Market Deals 
  • As a real estate agent, you’ll spend time connecting with other agents in your area. This allows you to grow your network and potentially learn about properties before they hit the market. Heck, other agents could even cherry-pick the exact type of deals you want to invest in and bring ‘em straight to you. Befriending your fellow agents can be a HUGE benefit to your REI business. More on this below! 

Def keep those benefits in mind as you’re learning how to become a real estate agent with no experience!

How to Earn Your Real Estate License 

Ready to become a real estate agent with no experience?! 

We believe in you! 

So, here are the main steps, but be sure to do your research based on local guidelines, as these details vary from state to state. 

  1. Review Your State’s Requirements 
  • Step 1 is to look up your state’s requirements for becoming a real estate agent. These requirements include age, education, pre-licensing coursework, exams, background checks, and more. 
  1. Take a Pre-Licensing Course 
  • In all states, you are required to take a pre-licensing course, but the exact number of hours and coursework varies. This coursework is designed to prepare you to pass the licensing exam and for a career as a real estate agent. These courses range from 40–180 hours, depending on what state you’re getting licensed in, and cost anywhere from $300 to $1,000+. 
  1. Apply for and Take the Licensing Exam 
  • Your pre-licensing course should prepare you for the licensing exam. Make sure you apply to an accredited real estate licensing school to administer the exam. The application and exam fees vary from state to state. Additional fees for background checks and fingerprinting should also be accounted for. 

Hang Your License with a Brokerage

Part of the process of how to become a real estate agent with no experience is doing business under a licensed brokerage. So, once you’ve passed your licensing exam and activated your license, it’s time to find the right brokerage for your REI business. Brokerages vary from traditional in-person offices to virtual brokerages in home offices. 

Agents don’t make a salary; they earn a commission on the transactions they close, which is shared with the brokerage where they hang their license. Agents also pay a monthly fee for the brokerage’s administrative services and oversight. 

Create and Grow Your Network

How to become a real estate agent with no experience most certainly should involve networking!

Networking with other agents is an excellent way to secure off-market deals, which is particularly valuable as you grow your REI business. When building connections, remember that it’s a 2-way street. You want to support other agents and build a rapport that encourages you to help each other. 

Learn from other agents about the ins and outs of what it takes to be successful in the role. This is particularly important when you’re first starting out as a real estate agent with no experience. Even if you’ve done countless deals with your REI business, that doesn’t make you an expert on all the work an agent does during the transaction process. 

As you continue your path on how to become a real estate agent with no experience, never underestimate how much work goes into closing a deal!

Final Thoughts — How to Become a Real Estate Agent with No Experience 

Simply passing the test and getting your real estate license doesn’t guarantee success, while go through the process of how to become a real estate agent with no experience. You will also need to study and become an expert on your local market.

If you’re getting your real estate license to save money on agent fees when buying or selling investment properties, you’ll want to be sure you have gained enough expertise to properly represent yourself in the deal. 

Otherwise, you could lose money because you don’t have a skilled and experienced agent on your team to guide you through the process. 

Becoming a real estate agent, even without experience, is a great way to add to your REI business’s toolbox. 

Interested in a bit more knowledge as you’re learning how to become a real estate agent with no experience? Be sure to check out our Best Books for Real Estate Agents post, filled with lots of solid resources!

Now you know how to become a real estate agent with no experience — happy agenting! 

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