Have you already considered the pros and cons of getting your Texas real estate license? Then it’s time to take your research one step further and look at the pros and cons of getting your Texas Realtor license.
What’s the Difference Between a Texas Real Estate License and a Texas Realtor License?
Your real estate license is the state license that allows you to practice real estate in Texas. Getting a Texas real estate license requires completing a real estate course and passing the state exam. But to claim that you have a Texas Realtor license, you have to take one extra step: becoming a member of the National Association of Realtors® (NAR). Only members of the NAR can claim to be Realtors.
To join the NAR, you have to join your local branch of Realtors. For example, if you’re in the Austin area, you would join the Austin Board of Realtors. Or, if you’re in Houston, you would join the Houston Association of Realtors. Joining your local board/association will automatically make you a member of the Texas Association of Realtors® (TAR) and the NAR as well.
You might be wondering if taking the extra step of joining the NAR to get your Realtor license is necessary. Should I become a realtor? Or is being a real estate agent good enough? This article will explain the pros and cons of being a Realtor in Texas so you can decide if it’s the right move for you.
What Are the Pros of Being a Realtor?
Pro: Realtors Get Regular Networking Opportunities
One of the best benefits of being a Realtor in Texas is the networking opportunities. When you join your local board of Realtors, you get access to many seminars, workshops, and meet-and-greets offered by the NAR. Not only will you get to know other Realtors and compare best practices, but you’ll also get introductions to lenders, escrow officers, title agents, and property managers. Building your real estate network will help you reach and serve buyers and sellers, which will boost your business.
Pro: Realtors Get Instant Credibility
As a new real estate agent, gaining credibility will help you compete with more experienced agents in your market. And becoming a Realtor gives you instant credibility with buyers and sellers who know about the strict Code of Ethics enforced by the NAR. All licensed real estate agents are required to maintain a professional level of conduct, but Realtors are held to a higher ethical standard. Simply joining the NAR will boost your trustworthiness with potential clients.
Pro: Realtors Get Access to On-Going Training
The real estate industry is always changing. Market conditions, real estate laws, and proptech are constantly evolving, and agents who keep up with these changes are more likely to land new clients and serve them well. As a Realtor, you’ll have access to exclusive training sessions, tailored specifically to your local Texas market.
Pro: Realtors Get Legislative Advocacy
Real estate laws are in place to protect the real estate industry and the public as a whole. Laws help homeowners retain their home values. They help buyers finance homes. They ensure that real estate transactions are fair to all parties. The NAR works to make sure your local community's interests are being represented. Having your Realtor license means you have a team of advocates supporting you and your clients.
What Are the Cons of Being a Realtor?
Con: You Have to Complete the NAR Application Process
Honestly, the application process isn’t difficult. It’s typically just an online application form and proof of your status as a local real estate agent in good standing with an active license. But real estate agents are busy, and it’s easy to push this to the backburner if it’s not your top priority.
Con: Being a Realtor Comes with Fees
The cost of maintaining your NAR membership is generally considered the only material con of having your Realtor license. The current association dues for the NAR come to $150 per year. But that only covers the national level. You also have to pay dues at the local level. The amount varies by each local branch, but you should expect to pay between $100 and $300 every year for your local dues.
Is Being a Realtor Hard?
Being a Realtor is no harder than being a real estate agent. In many ways, joining the NAR can make your job easier because of the benefits like networking and training.
Should I Get My Texas Realtor License?
The benefits of becoming a Realtor generally outweigh the minor cons. For most Texas agents, getting a Realtor license is well worth the time and expense. If you plan a little time to complete the application and build the dues into your budget, you’ll be able to enjoy the perks of your Realtor license.
Are You Ready to Get Your Real Estate License?
Your new career as a Texas real estate agent starts with your real estate education. Enroll in a convenient online Texas real estate course, and get on the path toward your Texas Realtor license today!