How To Earn A Real Estate License In Alabama
Info For How To Earn An Alabama Real Estate License
When it is time to earn your real estate license, the first step is making sure you are prepared. Luckily, TrainingCenter has both the required Alabama pre-licensing courses and training programs for how to list, sell, handle real estate objections, and more.
Essentially, you'll start by taking your state-specific pre-licensing course, then passing your exam. Tips for both, as well as recommended courses, appear below.
What Does An Alabama Real Estate Agent Do?Real Estate Agents in Alabama help clients to purchase, rent, or sell property. This includes finding buyers and sellers, providing advice and helping to negotiate on price, and referring home inspectors or mortgage professionals - all within federal and state rules and regulations. Further, they are required to represent the best interests of their clients, whether they be buyers or sellers.
Additionally, depending upon whether representing the buyer or the seller, agents can recommend an appropriate selling price, market the property, negotiate offers, attending and/or reviewing the home inspection and appraisal, provide feedback on comparable sales.
What Hours Do Real Estate Agents Work?Since many buyers work 9-5, they typically look for properties "after hours". This means that a lot of a real estate agent's time is spent on nights and weekends showing properties.
That said, business time when not working with clients involves previewing properties, keeping up with paperwork, working on marketing or other business activities, and taking additional educational classes.
How Are Real Estate Agents Paid?Most real estate agents are paid on commission when a property sells. A typical arrangement is that the selling agency and the buying agency split the real estate commission equally.
For example, if the real estate commission was 6%, each agency would receive 3% of the selling price. The buying and selling agent then typically split their 3% equally, though high-producing agents normally negotiate and receive a higher split.
What Is The Difference Between A Real Estate Broker And A Real Estate AgentReal estate agents primarily work with buyers and sellers, but work for the agency with which they are affiliated.
While Real Estate Brokers also work with buyers and sellers, they also are responsible for overseeing their agents. This includes not just training, but overseeing forms and other paperwork. Additionally, Real Estate Brokers have to take additional education and earn a separate real estate broker license.
The Benefits Of Having An Alabama Real Estate LicenseThere are many benefits to having a real estate license. While helping to serve your community find their "dream house", you also benefit from flexible hours and the opportunity to have high earnings via your commissions. For those who invest in real estate, having a license gives you early access to properties as they become available.
About Our Alabama Real Estate Licensing Courses And Exam Prep Materials
We offer Alabama real estate license training courses that fulfill Alabama's pre-license education requirements. Our Alabama training and exam prep materials are delivered in an easy-to-understand manner that provides important insights and valuable exam tips and strategies covering Alabama's rules and regulations for Alabama real estate licensing. You receive:
- Both Print And Online Course Materials
- Sample Exams
- Exam Prep Materials
- Instructor Support
When you have completed the training materials, make sure to take as many practice exams as possible. This will help you to pinpoint and overcome problem areas, and ensure that you pass your Alabama real estate licensing exam on the first try!
Recommended Alabama Real Estate Licensing Courses And Exam Prep Materials
You'll find the real estate licensing courses you need here at TrainingCenter. We offer state-approved courses that can meet the Alabama pre-licensing requirement.
To find the right state-approved course for you, simply select one of the recommended courses below. For additional options, search under "Licensing" in the search box. Good luck earning your Alabama Real Estate License!
Find Seminars, Webinars, And Online Training In Your Area
About The Alabama Real Estate License Requirements
To help with how to get a real estate license in Alabama, we have provided below information on Alabama licensing requirements, its insurance department, and examination scheduling facilities, as well as info on what is on the exam and tips for passing it.
Topics On The Alabama Real Estate License ExamThe Alabama real estate licensing exam is composed primarily or multiple choice questions covering both national and state-specific information. Exam topics include real estate law, ownership, land use controls and regulations, disclosures, valuation, financing, titling, taxes, and contracts.
Alabama Real Estate CommissionAddress: 1201 Carmichael Way, Montgomery, AL 36106
Phone: (334) 242-5544
Email: arec@arec.alabama.gov
Website: https://arec.alabama.gov/arec/Examination SchedulingProvider: PSI
Phone: 888-818-5824
Website: https://schedule.psiexams.com/Alabama real estate licensing exam!
What Is The Difference Between A Buyer's Agent And A Seller's Agent?As the title's imply, a Buyer's Agent represents buyers, and Seller's Agents represent sellers. Specifics about each appear below.
A
Buyer's Agent can help with the following:
- Helping to find the right property
- Advising on neighborhoods, schools, and communities
- Getting the buyer pre-approved for a mortgage, including suggesting a lender or lenders to interview
- Suggesting what to offer for a home
- Negotiating an offer to buy
- Recommending a professional home inspector
- Attending the the home inspection
- Negotiating any inspection repair requests from the buyer
- Re-negotiate price and/or contingencies after any negative home inspection items
- Communicating with the seller's agent and/or buyer's attorney throughout the transaction
- Monitoring the buyer's loan commitment to ensure the financing is on track
- Finalizing all loose ends before the closing and attend a final walk-through of the property
A Seller's Agent can:
- Do market research to price a home accurately based on current market conditions
- Provide a marketing plan designed to get a home sold quickly for the most money possible
- Verify that the buyer is qualified before accepting an offer
- Negotiate the best terms possible for the seller
- Negotiate any inspection repair requests from the buyer
- Re-negotiate price and/or contingencies after any negative home inspection items
- Attend the home inspection to represent the best interests of the seller
- Attend the home appraisal to provide the appraiser with essential information about the property
- Help the seller finish up any necessary tasks to be able to close as planned
Disclaimer: This information provided is based on state laws and regulations, and is subject to change. While we make every effort to asure this information is current and accurate, it is not engaged in rendering legal or professional advice, and shall not be held responsible for inaccuracies contained herein.
