Making the decision to become a Realtor is super easy. After all, it’s just a test and then BAMB, you’re off selling million dollar homes. Right? Ha ha ha, I can’t even….
Not everyone is cut out for the Real Estate industry. There are a lot of people out there who think that it’s a super easy thing to get into and make tons of cash but that’s not the reality.
In reality, getting your license is tough and it’s even tougher once you do have it. There are fees to pay at every step in the process. There are laws to follow that can make or break you. There are personalities to manage, both within the industry and with clients. Seriously! You have to really know what kind of Agent you want to be going into this “game.”
But, if after that short diatribe, you decide you still want to take a crack at it, we’ve put together some of the actual steps and hoops you’ll have to go through to become a Real Estate Agent in British Columbia (some of it applies elsewhere too but this is really about BC)
- Speak to Realtors in the area you think you’d like to work in. Don’t go in blind. If there are already 16,000 Realtors in your backyard you may want to find out who’s killin’ it and who’s not and what they do differently.
- Find a brokerage that has a great rep. Do some due diligence here. It takes very little time to look up brokerages on the Better Business Bureau and find out what kind of shop they operate.
- Sign up for the BC Real Estate course with UBC Sauder School. It’s not cheap but you get a bunch of study guides and stuff to help you prep for the….dum, dum, dummmmmm EXAM! (more on this later)
- Now, if you actually want to PASS the exam you have to go see Fred. No last name, just Fred. Fred is the guru of the BC Real Estate exam prep. Seriously, I have no clue how anyone would pass the exam without Fred’s course. The company is called Realtycourse.ca and it’s pretty much the bomb! It costs money but, of all the stuff you pay for to get your license I would say that this is the most bang for your buck.
- After you register with Sauder you will have to wait 10 weeks before you can write the exam. In that time you’ll have to submit 20 assignments (2/week) and you won’t be able to sign up to write the exam until those have been handed in. About 50 million people are trying to become Realtor’s in BC at the moment so you’re going to want to get on top of this ASAP. So sign up as soon as you hand in your last assignment!
- PASS THE EXAM…You need 65% for a pass. Don’t kid yourself, it’s a tough test and you’re going to have to spend a lot of time studying if you want to get that 65%.
- After you pass the exam you’re still not a licensee. You need to then do the Applied Course. It’s 2 weeks online then 2 days in the classroom. I thought it was going to be lame but it turned out I actually learned some stuff so it’s definitely worth it. Of course, this costs more money too.
- After you’ve completed the Applied Course you can apply for your license. You can actually apply beforehand and then just let them know you’re completed the course and they’ll process your application. It took 4 days for my license to come after I applied. Woot!
- Not so fast! You still have a few more hoops to jump through prior to selling anything. Now you need to go back to the brokerage you talked to in step 2 and get onboard. Depending on who you choose, there will be a fair few steps involved here too. And fees.
- OK, so now you have a license and a brokerage and you’re all set. All you need now are signs, a website, email address, marketing campaign, business cards, dedicated phone, dedicated bank account, tax account, social media campaign, probably a video camera of some sort, and about 500 other things you won’t think about until you need them.
VOILÁ! You’re a bona fide, newly minted Real Estate Agent! Congratulations! 😉
If you need some help, email me. I love to help other people find their passion. Mine is helping people, whether that be helping them to find a perfect home or helping them navigate through the complicated process of becoming a Realtor, helping is helping. It’s kinda my thang.