What this business is
You represent sellers (listing agent) or buyers (buyer's agent) and get paid when a deal closes. In the US you need a state licence and must work under a licensed broker. In the UK no licence is required, but estate agencies must join a redress scheme and register with HMRC for anti-money-laundering supervision.
- Listing agent: price, market and sell a home for the owner.
- Buyer's agent: find, negotiate and close a home for the buyer.
- Rentals and lettings: find tenants for landlords (a fast way to earn early).
- Niches: first-time buyers, luxury, new builds, relocation, investors, land, commercial.
- Team or brokerage owner: recruit and train other agents.