How to Become a Real Estate Agent in Alabama

To become a real estate agent in Alabama, you'll need to be licensed by the Alabama Real Estate Commission.

 

Here's what you need to know to become a real estate agent in Alabama:

1) Licensing Requirements

2) Duties of a Real Estate Agent

3) What is a REALTOR®?

4) Income Potential

5) Real Estate Schools

 

How to Become a Real Estate Agent in Alabama

1) Real Estate Agent Licensing Requirements

In Alabama,  real estate agents MUST be licensed by the Alabama Real Estate Commission.  To obtain your real estate license, you must:

  1. Satisfy the minimum requirements to apply for the real estate exam:
  1. Apply to take the State exam. 
  2. Pass the exam. 
  3. Pay the appropriate fees.
  4. Obtain employing broker signature.  Within 3 months of passing the exam.
  5. Apply for the temporary Real Estate License. 
  6. Complete 30 hours of approved post-license courses.  Within 6 months of  issuance of temporary license.
  7. Apply for original license.  Within 1 yr of issuance of temporary license.

Newly licensed agents must work under the supervision of an employing real estate broker. 

Most new agents start out by working for one of the large brokerages like Coldwell-Banker, Century-21, Remax, etc.

If you would like to have your own business and work for yourself, you must upgrade to a broker's license.

 

2) Duties of Real Estate Agents

A real estate agent's main job is to assist their clients in the process of buying and selling real estate.

Their list of duties include:

 

3) What is a REALTOR®?

A real estate agent becomes a REALTOR® when he or she pays an annual fee to be a member of the National Association of REALTORS® and subscribes to its Code of Ethics.

The agent generally joins through the local board or association.

For example, in Birmingham, once you have obtained your real estate license, you may pay a fee to join the Birmingham Association Of REALTORS®.  This also makes you a member of the Alabama Association of REALTORS® and the National Association of REALTORS®.

All REALTORS® are real estate agents but not all real estate agents are REALTORS®.

 

4) Income Potential

Real estate agents are generally paid based on a percentage of the sales price. The seller will generally pay 4-6% of the sales price as the fee and that will be split 50/50 between the seller and buyer's broker.

For example, if the fee for a $100,000 house is 6%, the buyer's broker will be paid 3% or $3000 and the seller's broker will be paid 3% or $3000 as well.  

The agent is paid by his or her broker, according to their previously agreed-upon commission split

This is often 50/50 for beginning agents, so in that case the agent in our example would receive $1500. 

According to the National Association of REALTORS®, the Median Sales price for an existing single-family home in the Birmingham area was $146,600 for the fourth quarter of 2004.

 

5) Real Estate Schools

Here are some approved real estate schools offering the pre-licensing courses for the state of Alabama:

ATHENS BOARD OF REALTORS
PO BOX 405
ATHENS AL 35612-0405
Phone
  256.233.7722   

AUBURN UNIVERSITY-OPO
OUTREACH PROGRAM OFFICE
301 O.D. SMITH HALL
AUBURN UNIVERSITY AL 36849-5608
Phone
  334.844.5100    

CALHOUN COUNTY AREA BOARD OF REALTORS
1512 LEIGHTON AVENUE
ANNISTON AL 36207
Phone
 256.236.5588     

BIRMINGHAM ASSOCIATION OF REALTORS
PO BOX 59609
BIRMINGHAM AL 35259-9609
Phone
205.871.1911

BIRMINGHAM GUARANTY REALTY SCHOOL
9441 PARKWAY E
BIRMINGHAM AL 35215-8307
Phone
205.833.6200

GREYSTONE SCHOOL OF REAL ESTATE
5510 HWY 280 STE 124
BIRMINGHAM AL 35242
Phone
205.408.1306  

MILES COLLEGE
PO BOX 3800
BIRMINGHAM AL 3520835064
Phone
205.929.1535 

 

Also check out information on how to become a real estate appraiser in Alabama

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read about other real estate careers in Alabama:

 

 

 

 

 

 

 

 

 

 

 

 

 

 Read some of the best real estate books out there to prepare yourself for your new career: