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.
The process of becoming a licensed professional in the real estate industry differs from state to state and country to country. Most real estate agents and brokers are required to have a certain number of hours of pre-licensing education â and, in some cases, experience â to become fully licensed. This doesn't quite make you a real estate agent. 2  You need to be working with a broker to do that. 3  Right now you hold an inactive real estate license. 4  As soon as you get employment (or a sponsor as Texas would call it), you can then file to get your license moved to active status.