Are you considering a career in Washington real estate? If so, you may have Googled ‘how to become a real estate agent’ or ‘Washington real estate agent exam’ and found… nothing. What’s that all about? Not to worry—it’s not that Washington doesn’t have real estate agents. In real estate, job titles can vary from state to state, so what you’re probably looking for is a real estate broker.
The term “broker” can be confusing, especially since it means different things in different states. In Washington, the role and responsibilities of a real estate broker are clearly defined and come with their own unique set of requirements and opportunities. So, what exactly does a broker do? Read on as we dive into what a real estate broker is, does, and how to become one.
Key Takeaways
- In Washington State, a real estate broker is a licensed professional who assists clients in buying, selling, and leasing properties. Unlike some states that use the term “agent,” Washington refers to these entry-level licensees as brokers.
- Real estate brokers handle tasks such as helping clients buy and sell properties, providing market analysis, managing paperwork, networking, prospecting, and completing continuing education courses to maintain their licenses.
- To become a real estate broker in Washington, candidates must complete 90 hours of pre-licensing education, pass the state licensing exam, apply for their license, and work under a designated or managing broker.
- Washington offers a dynamic real estate market with significant career growth potential. Becoming a broker can be rewarding as it involves helping clients with important life decisions, such as finding a home or securing office space.
What is a Real Estate Broker?
We often hear the terms “broker” and “agent” thrown around in the industry… but what is a real estate broker vs. a real estate agent anyway? A real estate broker in Washington State is a licensed professional who helps clients buy, sell, and lease residential, commercial, or industrial properties. Unlike in some states, where the term “agent” is commonly used, Washington uses “broker” to refer to entry-level licensees who have completed the necessary education and passed the state’s licensing exam.
What Does a Real Estate Broker Do?
Now that we have a birds-eye view of what a broker does let’s take a closer look at the day-to-day duties of a real estate broker.
- Help clients buy and sell properties: This is the bread and butter of a broker’s work. Whether you’re representing buyers or sellers, as a broker, you’ll assist with listing properties, marketing them, conducting showings, and negotiating deals.
- Provide market analysis: Brokers must stay current on market trends and provide clients with accurate property valuations and market conditions.
- Handle paperwork: Real estate transactions involve a lot of paperwork. Brokers ensure that all necessary documents are completed accurately and filed correctly.
- Network and prospect: Building and maintaining a strong network is critical to a broker’s success. Brokers attend networking events and continually seek new clients.
- Complete continuing education: Brokers in Washington must complete continuing education courses to maintain their licenses. This ensures they stay up-to-date on changes in laws, regulations, and best practices.
Related Article: How to Become a Real Estate Agent with no Experience
How Do You Become a Real Estate Broker in Washington?
Sound like the job for you? The good news is that to become a broker, you don’t need a ton of prior experience — or even a college degree. There are, however, a few key steps you need to follow to become a licensed broker:
- Complete your pre-licensing education. You must complete 90 hours of approved real estate education. This includes 60 hours of Real Estate Fundamentals and 30 hours of Real Estate Practices. These courses are designed to give you a solid foundation in real estate principles and practical knowledge you’ll use in the field.
- Pass the licensing exam. After completing your pre-licensing education, you must pass the Washington real estate broker exam. This will test your understanding of real estate laws, practices, and principles.
- Apply for your license. Once you pass the exam, you can apply for your broker’s license through the Washington State Department of Licensing. To do this, you must submit your exam results, proof of education, and a background check.
- Find a sponsoring broker. In Washington, newly licensed brokers must work under the supervision of a designated or managing broker. This allows you to gain practical experience and guidance from more seasoned professionals.
Related article: How Difficult Is it to Get a Real Estate License in Washington?
Why Choose a Career as a Real Estate Broker in Washington?
Washington State offers a vibrant real estate market with diverse opportunities. From bustling cities to up-and-coming neighborhoods, there’s a wide variety of properties and clients to work with. The potential for career growth is significant, especially if you choose to further your career by becoming a managing broker or even starting your own brokerage.
Plus, the role of a real estate broker can be incredibly rewarding. You’re not just facilitating transactions; you’re helping people make some of the most important decisions of their lives – whether it’s finding a dream home, selling a cherished property, or securing the perfect office space. Brokers play a crucial role in their clients’ journeys.
Related Article: Is Real Estate a Good Career in Washington?
Ready to Become a WA Real Estate Broker?
Does being a real estate broker sound like the job for you? Being a real estate broker in Washington State can be challenging and fulfilling. With the right education, dedication, and a passion for helping others, you can thrive in this role.
If you’re ready to take the first step, Rockwell Institute is here to help you with top-notch pre-license courses and ongoing support. With 50+ years of service to aspiring Washington real estate brokers, we’re so confident in our services that if you don’t pass your exam on the first try, you’ll get your money back. Get started on your journey to becoming a successful real estate broker in Washington!
