Have you been wanting to get into helping others with real estate but don’t know where to start? If so, you’ve come to the right place. You can learn to be a practicing real estate agent, but it is important to do so officially and legally. Here are a few practices that will help you to steer clear of any legal trouble when you’re practicing as a real estate agent.
Be Transparent and Ethical
First off, it is important that you are transparent and ethical in all of your dealings with clients. If you have any transactions with clients that aren’t 100% transparent, you’ll end up with angry customers and even a possible lawsuit on your hands. In order to avoid these difficult consequences, make sure that your policies are in place before you take on any customers. Then, explain those policies with total honesty and transparency when you’re meeting your clients. For example, if you have a certain cut that you get from final deals when you’re helping clients to sell their homes, you need to explain that up front so they know that they won’t be getting 100% of their home sale price.
Get Your License
Another way to steer clear of legal trouble as a practicing real estate agent is by getting your real estate license. To be able to legally practice as a real estate agent, you need to have an official real estate license. Each state has different requirements for getting a real estate license. In order to obtain a real estate license, you’ll likely need to participate in a real estate course that will include classes and exams.
Finally, if you’re wanting to make sure that you have a successful, legal real estate career, make sure that you are avoiding any housing discrimination. If you’re trying to help a client to find a home, or trying to sell a home to potential buyers, you cannot discriminate against a certain type of buyer. No matter what race, religion, or sexual orientation your client may be, they have the legal right to your equal and indiscriminate help. Even comments such as, “this house would only work for a large family” or “this house would be perfect for a young, child-less couple” can be viewed as discriminatory and land you in legal trouble.
So, if you’re trying to get your real estate career started, don’t get intimidated or overwhelmed by the different legal rules that surround the career. Remember, as this article has taught, to be transparent and ethical, to get your license, and to avoid discrimination. Make sure that you also help yourself with education and research to learn more about any legal situations that you’ll want to avoid, and you’ll be preparing yourself for a successful career.
Check out this article on exterior home features that can attract buyers!