Certified Real Estate Auctions

National Association of Realtors - realtor requirements

Before enumerating the qualities that the real estate auctioneer you choose should display, it is important to understand what is necessary to become licensed to auction real estate and what auctions achieve.

Realtor A real estate auctioneer is a licensed professional that facilitates the process of selling real estate at auction. As well as holding an auctioneers license, individuals who choose to sell real estate at auction must be licensed by the state in which they do business.

Before issuing a real estate license, the state requires an individual to complete education, examinations and obtain experience. After receiving the real estate license, agents who hold themselves to a higher set of standards also join the local board of Realtors and the National Association of Realtors, the world's largest professional trade association.

A real estate auctioneer that obtains state licenses in both professions, and joins the national trade associations gains the keys to success and tools of the trade that results in business-building benefits and professional ties and are able to harness those ingredients to best serve their clients.

SALESPERSONS

Salespersons license prerequisites vary from state to state. However, here is an example of licensing requirements.

Applicants must be at least 18 years old, have a high school diploma or equivalent, complete a 63-hr. education course, have good character, and pass the state exam.
The exam has 100 multiple choice questions. 75% correct is passing. Applicants should not underestimate the difficulty of the state exam.

BROKERS

Real Estate Brokers license prerequisites vary from state to state. However, here is an example of licensing requirements.

SALES ASSOCIATES:
- A sales associates post-licensing course must be completed before being eligible for the real estate broker’s course. The post-licensing course takes 45 hours to complete and includes reading materials as well as practice quizzes and exams. You must pass a timed final examination and achieve a score of at least 75 percent to pass.
REAL ESTATE BROKERS:
- The real estate broker’s course is a 72-hour pre-licensing course meets Florida's education requirements for becoming a real estate broker. It includes relevant information on appraising, financial analysis, property management, investment analysis and the operation of a brokerage office.

ABOUT REALTORS®

When is a Real Estate Agent a REALTOR®?
The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.

CODE OF ETHICS:
The Code establishes time-honored and baseline principles that come from the collective experiences of REALTORS® since the Code of Ethics was first established in 1913.

Those principles can be loosely defined as:

Loyalty to clients;

Fiduciary (legal) duty to clients;

Cooperation with competitors;

Truthfulness in statements and advertising; and non-interference in exclusive relationships that other REALTORS® have with their clients.

DESIGNATIONS

To earn a designation, a REALTOR® has taken coursework and demonstrated specific skills, performance and knowledge in a particular area of the real estate industry.