Being a real estate agent is a lucrative job, although still a very challenging one. Many real estate brokers and sellers did not start out as such. They usually have prior careers and occupations. For many people, it became an alternative source of income, giving them some free time to be with their family. Although your reason for considering real estate as your next career may be different from the rest, the question among yours and everyone's minds is, "How do I get a real estate license?"
If you're considering a career move and eyeing a job in real estate, there are several requirements you have to accomplish. Maybe you're thinking that getting a real estate license is simple.
If someone asks you, "how do I get my real estate license?" Your answer should be that it depends on the location where you want to practice being a real estate broker or agent. Each state in the U.S. has its own regulation for the real estate licensing procedure and these regulations may vary slightly. However, there are some requirements that are consistent, wherever you are located.
How do you get your real estate license?
To be eligible as a salesperson for real estate you must meet these basic requirements:
- Legal resident of the U.S.
- At least 18 or 19 years old (age depends on the specific state)
- Completion of required pre-license education (number of hours dependent on state requirements)
- Successfully pass the real estate licensure exam
Note: There is also a national real estate licensing exam
The pre-license education must be college level courses that include Real Estate Principles, Real Estate Practice and any one of the following courses:
- Property Management
- Real Estate Appraisal
- Real Estate Economics
- Legal Aspects of Real Estate
- Real Estate Finance
- General Accounting
- Business Law
- Computer Applications in Real Estate
- Real Estate Office Administration
- Mortgage Loan Brokering and Lending
- Common Interest Developments
The real estate pre-licensing course is offered usually at real estate schools, technical schools, universities, and realty firms. You can also check online courses. Choose the best option and see to it that the school is accredited as a real estate licensing school and has a good reputation. The course topics and the required number of hours may also vary depending on your state. After course completion, get your official transcripts and/or certificate of completion. These are needed when you apply for a license.
Real Estate License Schedule
Check with your state on the schedule of the real estate agent exam. It is best if you can sit for it right after you've completed your course. Again, the process is state-specific. There's a fee to be paid. State regulations may include a background check and submission of fingerprints. It takes several weeks for this procedure to be processed and should be done prior to the exam schedule.
Find out if there is a real estate test prep program available. It is not mandatory but this will greatly help you to practice for the exams and study the correct materials. This is where Real Estate Study Buddy test preparation comes in, just click to link to learn more, click here.
Becoming a Real Estate Saleperson
Once you have passed the real estate licensing exam, find employment with a real estate broker. You cannot set out on your own because you don't have a license yet. The real estate broker and you need to complete the final paperwork. Again this can vary. If the form is accepted by your state, you will be issued your license. This allows you to be a real estate agent under your broker's sponsorship.
Some state requires that you take a post-licensing education that will move your status from probationary to full licensure.
Your best course of action if you think that being a real estate agent is for you is to check all the requirements from the Real Estate Commission of your state.
Questions for the future additions:
- How long does it take to get a real estate license?
- What classes do I need to take to become a real estate agent?
- How much does it cost to get a real estate license?