Boston downtown condo broker

We hear it all the time: “Hey, I’m thinking about getting my real estate license! What’s it like? Do you get to be in charge of your schedule? How much money is there to be made? Do you think I can do it only on the weekends?” Well, the answers to these questions can vary wildly, and no you can’t be a good agent by doing it part-time. What this post explains is the process of actually getting started. While it’s not exactly as thrilling as a Harry Potter plot twist, it’s necessary information to digest before you start down the winding road to become a licensed Texas real estate agent.

Step 1: Check Your Eligibility

As long as you’re at least 18 years of age, a lawful citizen of the United States or a lawfully admitted alien, and a resident of the state of Massachusetts you’re already halfway there.

You also need to meet the Ma Real Estate Commission qualifications for honesty, trustworthiness, and integrity. Ma Real Estate Board wants to see you be transparent. Don’t attempt to hide something small (or big) because you think they might not find out about it or it could hinder your chances – they respect honesty and the more you disclose about your past that could be seen as unfavorable, the more likely they’ll let it slide. If you choose not to disclose it, and they discover it in your background check, you can never get the time and money you spent on your application back. If you’re unsure if there’s something in your past that could make these qualifications a gray area for you, you can always request a Moral Character Determination

Step 2: Take the Required Pre-license Coursework

Now that you’ve determined your eligibility, it’s time to really get started on your real estate license! Massachusetts requires new agents to take  pre-licensure coursework before applying for their license. These courses teach you the basics of being a real estate agent. The six courses you’ll need to take are:

  • Principles of Real Estate I
  • Principles of Real Estate II
  • Law of Agency
  • Law of Contracts
  • Promulgated Contract Forms
  • Real Estate Finance

Each of these individual courses contains hours of information covering the basic topics of information you’ll need to know to get started in the business. What these courses don’t always teach is how to become an entrepreneur and run your own business once you start. A great way to acquire this knowledge is to get set up with a great brokerage, find a mentor or two in the industry, and take continuing education courses that help expand your business and marketing knowledge.

Step 3: Apply For Your License

Now that you’ve completed your 180 hours of pre-license coursework you’ll need to officially submit an application for your license with Ma license board. This can be be done online or through a paper application.

Step 4: Study the Material

The Ma real estate licensing exam is comprised of multiple choice questions. Some questions will be over national topics while the other will be Massachusetts-specific content. You’ll want to take note of the topics you find most difficult to understand while you work through the courses so you know what material to focus in on when you’re studying for the exam.

Step 5: Pass the Test With Flying Colors!

You’re now a licensed real estate agent. How does it feel? Great, right? After you pass, you’ll have what’s called an inactive real estate agent license. This means that while you’re technically a licensed agent, you shouldn’t work with any clients until you activate your license.

Step 6: Find a Sponsoring Broker

In order to activate your new license, you’ll need to sign on with a sponsoring brokerage. Traditionally, students find a brokerage through networking and responding to recruitment’s.

Your broker will be the one who takes legal responsibility for your work, helps you price and list homes and, depending on the brokerage, can even provide marketing and education services. Some things you’ll want to keep in mind when you’re considering which brokerage to work with:

  • Does the commission split make sense?
  • Does the brokerage have a good reputation?
  • Does this brokerage offer any additional support to agents?

That last one is especially important since you’re starting a new career, and additional training and mentorship can be crucial during your first few years in the industry.

Austin Craft Realty has been a great brokerage to work for. The brand has a great reputation, a unique position within the market, and the broker is incredibly helpful. The fact that all the agents are friends and have a tight-knit family vibe is what ties it all together.

Step 7: Start Closing Deals

Congratulations! You’re an agent. Get ready to start finding clients and make some dreams come true.

Sounds easy enough, right? The truth is, being a real estate agent isn’t always sunshine and rainbows. Let’s talk about some things you should keep in mind in order to set yourself up for success as a new agent.

Things to Keep in Mind if You Want to Be a Real Estate Agent

– You Need to Be Comfortable With Risk

While being a real estate agent can offer endless opportunity, there’s also a lot of risk. When you’re an agent, you no longer have the guaranteed safety net of a salary. Some people are comfortable and thrive under these conditions, others do not. Because getting started can be a little risky, it’s often recommended to save up a cushion of around 6 months’ worth of living expenses. That way, beginning your new career can be fun and exciting — not stressful!

– You’ll Have to Beat the Odds

Want to know a fun fact? An Inman study found that the leading cause of new agent failure is being “unprepared for the realities of working as an independent contractor,” Yikes!  Many agents give up early on because of a lack of realistic expectations, effective career training, or helpful resources. As a new agent, you need to make sure you are getting good mentorship from either your broker or another professional in the field. Don’t let yourself be a statistic; beat the odds!

– You’re Your Own Small Business

Something a lot of new agents don’t realize is that to be an agent is to own your own small business. Yes, you have a broker and are part of a brokerage, but you are still your own boss. You’re responsible for your successes and you’re responsible for your failures. Because of this, you should really focus on learning the ins and outs of running your own business. A few things you’ll need to know are:

    • How to  keep yourself organized
    • What info you need to be prepared for taxes
    • How to effectively sell Beacon Hill condos.

Now that you’re a little more prepared for life as an agent, Call us if you’re looking to sell Beacon Hill condos

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Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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