Usually, those considering becoming a real estate agent who is older or younger wonder what the average age of a real estate agent is. Only 2% of real estate agents are under 30 years old, according to the National Association of Realtors® (NAR).
On average, real estate agents are about 57 years of age.
People have an image of what they expect a real estate broker to look like. With an average age of 57, it is easy for a young agent to stand out from the pack. Why do so many people assume that a gray-haired agent has a lot of experience?
New agents can be very young, but they can also be older. It’s not uncommon for someone to retire from a first job and become a real estate agent or to make a career change later in life, especially after becoming an empty nester.
To sell real estate, how old must a real estate agent be?
The requirements for becoming a licensed agent vary from state to state. Most states will require you to be at least 18 years old to get your real estate license, but a few states require you to be 21 years of age. Although most states require that you be 18 to get a real estate license, it’s often possible to take all the classes and even the exam before you turn 18.
As an 18-year-old, is it difficult to get a real estate license?
Obtaining a license to practice real estate can be a fairly straightforward process in certain states, involving only 40 hours of study. On the other hand, in Colorado, it’s an involved and lengthy procedure comprising 162 hours of instruction. Most states will require between 60 and 90 hours of pre-licensing courses before you can take the exam.
You can take most real estate pre-licensing courses online, which makes it very easy for an 18-year-old to become a real estate agent if they have enough drive.
Passing the licensing examination for real estate agents is also challenging for those unaccustomed to assessments intended to deceive them into selecting incorrect responses. Nevertheless, with determination and commitment, most people can pass these tests and complete their courses.
The difficulty of becoming a successful real estate agent often lies in discovering how to market properties and manage oneself effectively. Many may spend long hours as an agent; however, they may need to take the necessary steps that will actually bring in sales. Knowing what courses do not provide is just as important as knowing which ones do: while they inform on legal procedures, they need to instruct on marketing or finding clients.
Does starting as a real estate agent at a young age have any advantages?
Real estate sales careers are no different from starting your own business. It takes time to gain a client’s trust, as well as to learn the ins and outs of the business. If you had an early head start, you would have an advantage over those who joined the industry a few years later.
It is also difficult for many experienced salespeople to think outside the box because they are so used to the old way of doing business.
- Starting at a Younger Age: The best teacher is experience. The sooner you get started, the better off you will be. Investing in real estate while young has advantages, and being an agent gives you an advantage. The longer you are in the business, the more clients and connections you’ll have, leading to more profits.
- Technology: Young agents are usually more capable of using technology to get more clients, market themselves as being on top of the latest market trends, and use it to get more clients.
- More Time: It’s not uncommon for a younger agent to have more time to devote to their career. Without a family, you can get established as a real estate agent faster because you have more time to focus on your career.
What are the best ways for a young person to become a successful real estate agent?
Young people can succeed as real estate agents just like anyone else, provided they focus on the right things. Above all, it is essential to select the right broker. Many agents select brokers that offer the highest commission split and lowest costs; however, this frequently results in their failure since they have yet to prepare to sell homes.
A 100 percent commission split is only beneficial if you’re actually selling properties. Look for a broker who provides quality training and has a mentoring program to guide you.
It is imperative to have goals and focus, regardless of age. With goals, you will be able to plan the steps to reach them. Setting and sticking with goals can cause your career to skyrocket. At first, you might attempt to juggle several ventures, leading you down the path of mediocrity.
People don’t want a substandard real estate agent who is mediocre at five other things. Focusing on one goal and becoming an expert before considering other opportunities is best.
You don’t have to worry about being a young agent because some clients might think you don’t know what you’re doing due to your youth. There are only problems with being young if you believe they are, which affects how confident you are and how you interact with others.
