Becoming a Real Estate Agent in Las Vegas

Are you considering a career in real estate? Working as a real estate agent in Las Vegas can be an exciting and rewarding profession. While it’s not extremely difficult to get a real estate license in Nevada, there are several steps involved and information you should be aware of before you take the plunge. We’ve outlined a few important factors you’ll want to consider to be prepared and get you started out on the right foot.

Getting Your Real Estate License

In order to practice real estate in Las Vegas you will need to obtain your Nevada real estate license. To be eligible to sit for the test, you must pass a background check and show proof of completion of 64 semester units. These units are comprised of set requirements and a particular number of hours in national and state-specific real estate law.  Many people opt to enroll in a real estate licensing course to guide them and ensure they cover the information needed to successfully pass the exam. There are several good real estate schools in Las Vegas offering both in-class and online courses. For more information on licensing requirements, visit the Nevada Real Estate Division website.

Have a Business Plan

You should treat this endeavor as opening a small business, as that’s essentially what it is. This means identifying your intentions, your strengths and weaknesses and your plan of attack. Determine what kind of real estate you want to sell, the type of clients you want to work with, what specifically you want to accomplish and when. Include marketing plans, education goals and personal goals and refer back to these often. From the very beginning, be diligent about tracking expenses, income, sales volume and lead sources.

Be Financially Prepared

There are several expenses associated with becoming a Las Vegas real estate agent and new agents can go several months before closing their first transaction and receiving a commission check. In addition to licensing fees there are application fees, Realtor membership dues and the cost of a Supra key. You’ll need a budget for initial marketing and set-up costs such as business cards, online marketing, yard signs and lockboxes. Don’t forget about lunches, gas, and possibly increased insurance costs. Depending on the brokerage you join, there are desk and office fees to consider so be sure to get a clear understanding from your broker on the charges you will incur.

Choosing a Real Estate Brokerage

This is one of the most important decisions you will make as a new agent. You’ll want to choose a brokerage that offers the support you need to learn the business and understand the market. Choose a real estate brokerage that provides the tools you need to get established and that offers ongoing support to help better your business and serve your clients as you progress.

Established in 1991, Elite Realty continues to be a local leader comprised of a competent team of Las Vegas real estate agents. We have created an environment that is innovative, energizing, positive and supportive. New agents benefit from our mentorship program, ongoing broker support, in-house continuing education classes and cutting-edge marketing tools. Get in touch to learn more about Elite Realty and what you can gain by joining our team!