"Hopefully customers and real estate agents understand the distinction between the capability to qualify for a home star finance group and the ability to preserve and really afford it now," says Sharga. In addition to individuals who lost their houses, lending institutions and builders experienced significant financial pain, says Herbert. "That pain has actually left them more danger…

To confirm exact licensing requirements, prospective brokers and agents must call the property licensing commission of the state in which they want to work. To get a broker's license in the majority of states, real estate brokers should have experience working as a licensed genuine estate sales agent. Requirements differ by state, but the majority of require 1 to 3 years of experience.

Training differs depending on the property business. Some offer formal training, while others permit…