Do I have to work for a Real Estate Company or can I just work for myself when I get a Real Estate License?
The short answer to this question is that you must work under a Broker-in-charge of a Real Estate Company for the first three years as a licensed agent. The reason is because you must either be a Broker-in-charge or you must work under the supervision of one. South Carolina License law requires new agents to have a real estate license for three years before you can get a brokers license.
So you will have to affiliate with a Broker-in-charge of a Real Estate Company for the first three years. Now that prompts another question, when do I have to identify a Broker-in-charge to work with? The answer is prior to receiving your license. You may take the state mandated sixty hour first year sales course and take the state exam without having a broker-in-charge. After you have completed the state exam, you will have to have a broker-in-charge sponsor you before the Real Estate Commission will cut you a license to practice real estate.
Although every real estate agent must work under a broker-in-charge, most agents are considered independent contractors and in essence, work for themselves. Should you affiliate with a broker-in-charge and feel like you have not made the best decision as to the best broker-in-charge to work with, you may transfer your license to another broker-in-charge at any time.
The Real Estate School for Success does not endorse any Real Estate Brokerage companies. However, as a service to our students, we would be glad to assist our students in making the contacts required for placement in a Real Estate Company of the students choosing. There are many outstanding Real Estate Companies with superior Brokers-in-charge. The Real Estate School for Success works very close with these companies and will provide you with contact information for each. The Real Estate School for Success recommends every new agent speak to at least three Brokers-in-charge before making a decision. Each Company offers something different and it will be up to you to ensure the company you decide to affiliate with has to same goals and objectives as you do. Just because a company does not have the same goals as you do, that does not mean you or the company have bad goals, you just have different goals. Do not affiliate with a company that does not share the same goals as you. If you do, the company will be moving in a different direction than you resulting in considerable stress and very little likelihood that either you or the company will meet your goals.
If owning and operating your own real estate company is a goal of yours, the Real Estate School for Success can help you make it happen. As we said earlier, you must work as a salesman under the supervision of a Broker-in-charge for three years. After the initial three years as a licensed agent, you may take the Broker Course with the Real Estate School for Success, take a Broker state exam and begin writing your next chapter in your real estate profession as the owner/broker of your real estate company.
Please feel free to ask the Real Estate School for Success any questions you may have. You may send the question via email or just give us a call and we will answer your questions in detail. At the Real Estate School for Success, we have a mission to educate, and inspire those desiring a lucrative profession in real estate.
With this Real Estate Information Update, I’m Stacey Starnes, Realtor and owner of the Real Estate School for Success. Have a wonderful day, and Remember, SUCCESS starts here!