HOW DOES ONE BECOME A
REAL ESTATE AGENT?
It's not difficult
Obtaining a real estate license in your state, or other states in which you may have interest in doing business is not difficult. How you get a real estate license will vary from state to state, but will usually involve minimum age requirements, certain education and/or experience requirements, applications and fees, and other state-specific details. So you must be sure that you know the relevant information from your state before you get too deep in preparing for your real estate exam.
To be eligible to become a licensed real estate agent, you must:
Be at least 18 or 19 years old (depends on the state)
Have legal US residency
Complete your required prelicense education (number of hours required depends on the state)
Pass your state real estate license examination
These items represent the high-level checklist of what it takes to become a licensed real estate agent. To find out more, visit your state real estate comission.
COMMISSION STRUCTURE AT
How It Works:
In most traditional real estate companies, the commission structures means that the more you earn, the more you give away. At Keller Williams Realty®, we believe that the harder you work, the more you should be rewarded. Keller Williams Realty has an agent commission cap, which means that after you hit the cap, everything else you earn is yours!
Keller Williams Commission Structure
Commission is split 80/20, in favor of the agent
Amount of commission paid to KW per year under that split will be capped at $30K/ per fiscal year*.
After an agent reaches his/her cap, 100 percent of the commission goes directly to the agent.
*Market cap rate varies per location. It is determined by associate vote (the agents are treated as stakeholders), based on operating expenses and economic conditions for that specific KW market center. The higher the operating expenses of a Keller Williams market center are, the higher the agent commission cap will be in that office.
If a KW agent does not reach the cap in a year, they DO NOT have to make up the difference…the cap is simply a max payout per year.
LINKS TO REAL ESTATE COMMISSIONS