According to the Association of Real Estate License Law Officials (ARELLO), there are approximately two million real estate licensees currently in the U.S. If you’ve ever thought about becoming a real estate agent, now is the time to go after your dream. Here’s a closer look at the steps you’ll need to take to get there.
How to Become a South Dakota Real Estate Agent
1. Research Your State’s Requirements
The requirements and costs for obtaining a license to become an agent vary from state to state, so first, you’ll need to research the requirements specific to your area. Be sure to seek out details regarding training courses and exams as well.
2. Sign Up for a Training Course
One criterion that’s different from state to state is the number of training hours required to get your license. In South Dakota, you’ll need to take a 116-hour pre-licensing course from an accredited institution. The course, which can usually be taken in person or online, can cost anywhere from $200 to $300 and will teach you the basic practices and principles all real estate agents need to know.
3. Take the Licensing Exam
After you’ve finished your pre-licensing course, you’ll need to take your licensing exam, which can cost anywhere from $100 to $300. Typically, the exam consists of two portions—one that tests your knowledge of federal real estate laws and one that quizzes you on real estate laws specific to your state. These tests are usually multiple-choice, and most pre-licensing courses help you prepare by providing you with sample tests.
4. Sign Up for Multiple Listing Services
Once you’ve passed your exam, you can activate your license via your state’s real estate commission website. You’ll also want to sign up for a membership to your area’s multiple listing service, which will send out your property listing to the appropriate outlets as well as provide you with information that’s essential for agents, such as property tax info and market trend data.
5. Join a Brokerage
The final step in becoming a real estate agent is joining a brokerage firm, which is state-licensed to supervise your transactions and ensure you’re conducting business according to the law. Rather than receive a salary, you’ll be paid by commission, which means the more properties you sell, the more you’ll get paid.
Whether you’re considering becoming a real estate agent or buying or selling a house, the experts at EXIT Realty Black Hills are eager to help. The firm proudly achieves success throughout Hill City, Hermosa, Box Elder, Keystone, Hot Springs, South Lawrence, Deadwood, Belle Fourche, Spearfish, St. Lawrence, Lead, Sturgis, Piedmont, Somerset, Black Hawk, Rapid City area, Custer, Edgemont, Nemo, Whitewood, and Black Hills, SD. For aspiring stars, they offer a special education program with night and weekend classes that can be taken online or in person. Visit their website for advice about careers in real estate. To speak with a representative today, call (605) 716-3948 for the Rapid City office or (605) 722-3948 for the Deadwood office.