The four stages of a business cycle. Depending on whom you speak to, the four stages of a business cycle are as follows: 1. The recovery phase or upswing. This is a phase where the economy âtroughsâ out. As the economy recovers from a recession, businesses start building up their stock levels in anticipation of increased sales.
1 Complete 90 hours of pre-licensing education. 2  Not have been convicted of a felony or a crime involving moral turpitude. 3  Not have had a real estate application or license rejected or revoked in any state within the past two years. Show proof of high school graduation or GED. 2  Not have been convicted of a felony or a crime involving moral turpitude. 3  Not have had a real estate application or license rejected or revoked in any state within the past two years.
Licensing. Although all real estate agents must be licensed by your state, when you act as your own agent for a home that you own, you don't need a license. You can act as a buyer or seller agent, on your own, without concern for violating licensing requirements.lthough it costs less to act as your own real estate agent, it also takes more work. When buying a home, you must do your own online and offline research of available properties that meet your requirements on size, price and location.