There is expected to be a growth for realtors over the next ten years, according to the statistics. The numbers also show that becoming an agent is one of the best-paying jobs in real estate. In Washington State lies a booming market backed up by a diverse property portfolio.
Working there is a dream for any upcoming realtor. In this guide, we look at what you need to work in Washington’s realty industry. The article will also include a small deep dive into how the current market is to give you an idea of what to expect.
Reviewing Washington’s Realty Landscape
Washington’s real estate landscape features a blend of urban centers like Seattle, waterfront towns, and rural communities like Leavenworth and Goldendale. The diverse mix of properties presents unique opportunities for any aspiring agent.
In cities like Seattle, there is high demand for family homes and condos. Being a talent hub and home to global tech giants like Amazon and Microsoft, property prices are a bit expensive for some people. Spokane offers more affordable options, attracting young families and professionals at the beginning of their careers.
Down in Olympia, your clientele will include retirees and tourists interested in waterfront properties.
Online vs. In-Person Learning
Find a school that suits your needs. There are many schools in WA offering real estate programs. Don’t enroll in just any school for the sake of it. Before enrolling, ensure that the school is state-approved.
Number two, read reviews from other students to gain more insight about the curriculum and tutor experience. Last, choose a school that complements your routine. If you prefer interactive sessions, in-person classes are the solution.
Remote classes, for example RealEstateU, can be suitable for students who want more flexibility in their routines.
Completing the Pre-Licensing Program
This is your first step towards becoming a realtor in WA. The course will help you build a solid understanding of how the realty market works. You will learn various topics including ethics, finance, law, and how to draft property appraisals.
Aspiring professionals must complete the 90-hour-long program. Think of it as a boot camp that teaches you how to navigate the intricate world of contracts, negotiations, and client relationships.
After you have completed the program, stage two is sitting for the Washington Real Estate Exam. Exam fever is normal, but worry not. Use available exam preparation materials to study for the test. You can buy exam preparation courses that include quizzes, assignments, mock tests, and flashcards to help you reinforce your understanding.
Get Your License
Passing the exam puts you one step closer to achieving your goal of becoming a licensed professional in WA. But first, you have to find a sponsoring broker. Their role is to guide and help you build a career as a realtor.
The license application process is done online. All you need to do is get and fill out the required form from the Washington DOL website. While you’re at it, you must visit a fingerprinting center for a background check.
Building Your Career
With your license in hand, it’s time to build your career as a realtor in WA. Joining a reputable realty firm will boost your chances of becoming successful in your job. This all starts when looking for a sponsoring broker.
Some schools offer direct placements for their students. This is important and will help you get your career on track early. However, attending industry events and webinars will help you build a solid network, which is crucial for your career as a realtor.
Also, watch out for what’s new in the business. Real estate is more than buying, selling, and managing property. Invest in other skills like communication and customer relations to help you build trust and leave a lasting impact.
Continuing Education Programs
Continuing education programs will help you stay licensed and competitive. Many schools are offering continuing education classes. Licensed realtors in WA must complete 30 hours of post-licensing programs.
The course is split into 21 hours elective units, three on current real estate topics, and six on fair housing. Ensure that you complete the courses before your license expires.
Wrapping Up
Working in Washington’s realty industry is an exciting adventure. Embrace the diverse market, improve your skills, and leverage technology to stand out.