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Amity83 t1_j1urxli wrote

Get hired by a realtor first and they will pay for your course. You need to work for a broker anyways for years before you can get a brokers license and sell on your own.

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huskers2468 OP t1_j1ut7au wrote

What position would I be qualified for with no experience in the industry?

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Amity83 t1_j1uuv6c wrote

All realtors start with 0 experience except for maybe having bought or sold their own home. They will set you up with training.

The test is fairly easy. The one textbook I got was pretty short and simple. It also just helps you pass the test. The test questions aren’t really what you need to know to sell real estate. The company you work foe’s training will help you with that.

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huskers2468 OP t1_j1uwrd1 wrote

Awesome, thank you for the information.

Just to clarify, I wouldn't be able to apply for "real estate agent" openings, correct? Or would that be the position and I just wouldn't be qualified to sell my own while going through training and taking the test?

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Amity83 t1_j1v0xwr wrote

My license was in a different state so it may vary a bit in VT. To sell a home you need a real estate sales person’s license. That license must operate under a broker. The agency you work for typically will have one or more brokers in it who acts as a coach and advisor. Some agencies will have a difference in commission split. The agencies that pay a bigger split usually require more investment from you on things like advertising your listings and buy office materials. Agencies that pay a lower split will generally provide all that for you. After 5 years experience, you can apply for a broker’s license which would be required if you wanted to start your own brokerage and leave your current one. Most realtors do not apply for brokers licenses.

Realtor is a trademarked term and refers only to real estate salespeople who are members of the National Association of Realtors. You will likely join this if you work for a traditional local brokerage. Alternative real estate sales channels like Redfin and Sold by Zillow probably don’t join NAR, though I don’t know too much about them. I haven’t practiced real estate in a while.

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huskers2468 OP t1_j1vg7mh wrote

Ahh that makes sense. Now I see why it's best to work for a company first, and then utilize their expertise for training and the exam.

>Realtor is a trademarked term and refers only to real estate salespeople who are members of the National Association of Realtors.

That's actually very helpful. I thought they were interchangable, but now I see that it's just a subsection.

Thank you for taking the time to write all of this up. I hope you have a great rest of your holidays.

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