logo

How to be a Real Estate agent

How to Become a SUCCESSFUL Real Estate Agent in Texas

A Guide for Budding Entrepreneurs

If you want to be a rockstar agent, this guide is for you! We will take you through the entire process of becoming a licensed agent and give you sound steps to successfully launch your career.

No matter where in Texas you live, all aspiring real estate agents must take the required steps to obtain their agent license from Texas Real Estate Commission (TREC). Although every agent begins this career path the same, each person’s destiny is different. According to the findings of several studies, on average, 85-90% of all real estate agents quit within their first five years. We are NOT attempting to discourage you, but we believe that if you fail to plan, you plan to fail. So, this guide is for individuals who not only dream of becoming a real estate agent in Texas, but who are ready to create a solid plan to become a SUCCESSFUL agent.

6 Steps to Getting Your Texas Real Estate License

Step 1: Take Qualifying Education Courses

In order to qualify for your Texas Real Estate License, you must first complete 180 hours of qualifying education (QE) courses. TREC requires you to take six courses of QE with an approved provider. A simple Google search will lead you to many real estate licensing providers in Texas, but how do you choose? Many applicants make their decisions based on program cost alone, but all courses are not created equal. We suggest you check thepass rates of each education provider. Doing so will help to ensure that you will be properly prepared to pass the difficult exam.

Step 2: File Your Application Online

After you have completed your courses, you willfile your new agent application online. Choose first time applicant and follow all prompts. Note: You will need your course completion certificates for this step.

Step 3: Prepare for the Exam

While you are waiting for TREC to review your application, it’s a good idea to take the state exam prep course offered by your education provider. Taking the prep class and mock exams will give you a good idea of whether you are ready for the real exam or not.

Step 4: Take the Exam

Once TREC has provided you with an eligibility letter, sign up to take the exam at a Pearson VUE Testing Center. Your eligibility notice will include instructions for how to schedule the exam and how to obtain the Candidate Handbook.

Step 5: Get Fingerprinted

Before TREC will issue your license, they require each real estate license applicant be fingerprinted and pass a background check.

Step 6: Obtain a Sponsor

Now that you’ve passed the exam, you hold an Inactive Agent License. Find a Sponsoring Broker and submit the Sponsoring Broker form to TREC to become an Active Real Estate Sales Agent. 

Now that you’re licensed, it’s time to launch your real estate business!

 

What To Do After Getting Your Texas Real Estate License

Find a Broker

Now that you’ve obtained your license, you need to find the right brokerage agency. You will have many options to choose from, but it is important you select an agency that is supportive of new agents. There are many considerations to think over before making your final decision, but for now, it will be helpful for you to get to know other agents in your area. Ask them about their brokers and their opinions about which agencies give the best continuing education and ongoing support to new licensees. 

Think Like an Entrepreneur

To be a successful real estate agent in Texas, you’ve got to think like an entrepreneur. You are not an employee. While that independence brings about a refreshing breath of freedom, it also carries a sobering reality; that is, your business won’t grow unless YOU build it. You have got to put pen to pad and set goals here and now. Write out the steps to accomplish those goals, then get to work smashing them!

Diversify Your Income

Since you’re thinking like an entrepreneur, you want to begin brainstorming ways to subsidize your income without taking your attention away from your work as a real estate agent.

 

Here are a couple business ideas you can consider as ways to make extra money and industry connections at the same time: 

 

  1. Property Tax Appeals

If you’re familiar with property taxes in Texas, you know that they can be a source of frustration for many homeowners. The county assesses an appraised value to residential and commercial properties by using one or more systematic methods. These methods are impersonal and the resulting values are often inflated. This gives entrepreneurial minds an opportunity to create solutions for homeowners for a fee, of course. Do a little research to find out what it takes to help homeowners with property tax appeals in your county.

  1. New Home Photo Shoots

Younger and older millennials are Insta-crazed! A part of the social media phenomena is using photos to document big and small life events. Moving into a new home or leaving an old one is an insta-worthy event that may provide a nice stream of residual income for saavy new real estate agents. If you’re great at taking photos, this could be a good option for you. Even if you’re not the best photographer, partner with a professional one. In exchange for referral fees, you can send interested customers their way.

Invest in Your Real Estate Business

A part of thinking like an entrepreneur requires you to invest in your own business. This is one of the most important investments you will ever make. Remember, at the beginning of this guide we mentioned how many new agents walked away from the real estate business? That’s because many new licensees don’t set realistic expectations, plans or budgets beforehand. Well, you are not going to do that!  Anticipate the following expenses as some of the early financial investments you will make in your new career.

  • -Business Cards
  • -NAR (and HAR) membership dues
  • -Marketing Materials

 

93% of all home buyers begin their searches online (NAR), so you don’t have to spend tons of money on printed materials. Those products tend to get lost in mail piles, which is not where your potential customers are spending hours in their day. They are, however, using their laptops and mobile devices to look for homes (and agents). So, how do you reach them?

Build Your Brand Online with Digital Marketing

Because so many of your future clients are online shopping, performing Google searches, and connecting with friends on social media, isn’t it smart to meet them there? 

Use these online tools to connect with new clients:

  • -Social Media Profiles
  • -Websites Branded in YOUR Image
  • -Digital Marketing Services

 

It’s an option to use just one of those tools, but to improve your chances of success, you need a plan that incorporates all three. Take a look at our blog called, “Connecting with New Clients: 4 Digital Marketing Tools for Realtors” for a more in-depth look at how you should use digital marketing to grow your real estate business. 

You now have a realistic plan to succeed in your career in real estate. Every phase of the process to become a great real estate agent in Texas will require you to invest your time, money and enthusiasm. Knowing the sacrifice and effort it takes is half of what you need to become the amazing agent you’ve dream you would be. Now, go make that dream your reality!

MSDS Entrepreneurs is committed to helping real estate agents sell more houses. For a complete look at the services we provide, visit our Realtor Solutions page.

Related blogs

Best Practices for Voice Search SEO

Why Your Business Needs Voice Search SEO Like mobile-devices, voice search is here to stay! Voice search is a speech recognition technology that allows you to voice-command the search engines. Voice search and/or mobile assistants are becoming increasingly popular even among younger generations. Voice search is growing in popularity for a variety of reasons. It's a faster and easier way to s... more

The Benefits of Personalized Marketing

Why Your Business Needs Personalized Marketing Imagine a day in the life of the customer: They can hardly turn on their computers without getting bombarded with advertisements, requests, offerings, promotions and more. They are overwhelmed, irritated, and lost. As a business owner, you don't want to lose them. This is where personalized marketing comes into play. Personalized marke... more

Artificial Intelligence and Small Businesses

Artificial Intelligence and Small Businesses Work Together! Artificial Intelligence (AI) is made to help humans perform our jobs better. While AI has been a source of inspiration for Sci-Fi and Horror films, AI is a practical and informative tool that can work to a small business owner's advantage. AI and small businesses help each other evolve. No matter your business's industry o... more

Customer Service Tactics 2020: How to Build a Facebook Chatbot

Why You Should Build a Facebook Chatbot for Your Business As you might have heard, Artificial Intelligence is taking over the marketing world. Chatbots and other communication tools help customers find what they're looking for while shopping online. There are many benefits to different types of chatbots, and the Facebook Chatbot is a great place to start. We'll show you how to build a... more

Marketing Funnels for Small Businesses Explained

Everything You Need to Know about Marketing Funnels for Small Businesses As you know, conversions turn website visitors into customers. Conversion rate optimization or CRO is a very important part of marketing because it has the power to increase your revenue. One way to increase your revenue is to use marketing funnels. Marketing funnels or sales funnels are another visualizati... more

Conversational Marketing 101: Chat and Messaging

Use Chat and Messaging to your advantage with conversational marketing Conversational marketing is a new and personal approach to interacting with customers online. Remember the simple days of, "You've got Mail?" Flash forward to 2020, and your expertly-crafted email goes unnoticed in the overloaded inboxes of customers and business professionals. There has to be a quicker way to inte... more

What is A-B Testing and How Does it Help Small Businesses?

What is A-B Testing and Why do You Need it? At MSDS Entrepreneurs, we care about web development and inbound marketing strategies that help your business get results. A-B testing, also known as "bucket testing" compares two versions of a webpage to see which one performs better.  It's not as complicated as it sounds. Here we'll answer 1. what is A-B testing? and 2. How you and your ... more

View more

Are Zillow Agent Websites a Smart Investment?

Zillow is a dominant online real estate platform. Zillow.com is frequently visited by approximately 36 million visitors per month! Due to its enormous popularity, it launched Zillow Premier Agent Websites, giving local agents an easy way to create their own websites. In this digital age of real estate, agents must have websites, but more importantly, the websites must be effective. They need to be... more

Why 8 Out of 10 Real Estate Agents Fail & How To Avoid the Pitfalls

Several scary statistics loom on the internet regarding the extremely high failure rate of real estate agents. The rate at which agents quit varies, depending on the source, but the overwhelming average tells us that every 8 out of 10 real estate agents will walk away from the business within their first five years. If you are considering a career in real estate or are an active agent within your ... more

Building your Real Estate Business with Strategic Partnerships (Part II)

In Part One of this series, we discussed the criteria that defines what makes an individual or company a good partner. In review, to be considered a well-matched partner, each business should meet the following criteria: 1. They are non-competing 2. They share the same target audience 3. They have a good reputation Weighing in the three factors mentioned above, we moved into iden... more

Building your Real Estate Business with Strategic Partnerships (Part I)

Building your Real Estate Business Part I 50% No man is an island, especially in the real estate profession. To give your real estate business the best chance to thrive, put some time and consideration into building your network with strategic partnerships. To do this effectively, you have to remember that this is a strategic plan. Building a strong network can lead to a boost in referrals and... more

Choosing a Broker: How to Find Your Best Match

Selecting a broker is a necessary step in every agent’s career. The state of Texas requires all individuals who hold an agent’s license to have a sponsoring agent. This must be registered with the Texas Real Estate Commission. If an agent is not sponsored by a broker, his or her license will be deemed inactive and he or she will not be permitted to earn commission from any sales they facilitat... more

How to Become a SUCCESSFUL Real Estate Agent in Texas

A Guide for Budding Entrepreneurs If you want to be a rockstar agent, this guide is for you! We will take you through the entire process of becoming a licensed agent and give you sound steps to successfully launch your career. No matter where in Texas you live, all aspiring real estate agents must take the required steps to obtain their agent license from Texas Real Estate Commission (TREC).... more

Connect with New Clients:4 Effective Digital Market Tools for Realtors

Experienced real estate agents know that word of mouth referrals is one of the best ways to get new clients. However, the growth in technology and its increased mobility is changing the way buyers & sellers are looking for properties & agents. According to the National Association of Realtors’ most recent report on Real Estate in a Digital Age, 98% of Older Millennials, 89% of Older Boom... more

View more

Sign up to receive our blogs packed with new ideas, market insights, and inspiration to grow your business right in your inbox