Be In the Know – How Long Does It Take to Get a Real Estate License?

A real estate
agent is a professional career that requires minimal education when compared
to other professional jobs. Often people decide to enter the field for this
reason then discover the educational requirements are more stringent than they
expected. Find out the answer to the question – how long does it take to
get a real estate license and start working with clients?

Every State Differs

A real estate license is required to
legally broker, sell or rent real estate to prospective buyers and tenants on
behalf of a brokerage. The time it takes to earn a real estate license depends
on the state where a person wants to work. The first step is to check with the
state department of licensing or bureau of real estate to find out the exact
process, qualifications, timeline, and cost to become an agent. Most states
require applicants to complete a pre-licensing course and submit an application
with fees to take the exam.

Put in the Hours

Most states require 60 to 90 hours of
education to qualify to take the real estate exam. The courses are
college-level and can be challenging to understand. Topics covered include
contracts, deeds, leases, and property ownership. Verify the state real estate
licensing authority approves the school and classes. All courses should be
accredited and acknowledged. Someone already licensed as an agent in another
state should find out if a reciprocity agreement exists with the state of the
current license. And pre-licensing requirements may differ for particular
students or professionals, such as licensed attorneys.

Taking Classes

Regardless of the number of educational
hours required by the state, prospective agents can take classes at their
convenience. Classes might be conducted in-person or online. Either way, the
hours will be tallied for each student to ensure they complete the course. A
student may attend classes for anywhere from three to six months. Online
courses are completed at the student’s pace, which could be faster or slower
than usual. Besides attending classes, students need to spend a few hundred
dollars for the courses and application fees.

Sit for the State Licensing Exam

Each state has its own licensing exam,
which can take anywhere from an hour and a half to three and a half hours to
finish. The test consists of multiple-choice questions that include national
and state laws on real estate transactions. Each state determines the minimum
score to pass the test and get a real estate license. The transcript from the
school and the real estate agent license application with fees are needed to
apply for the official state license. Usually, applicants must be 18 or 19
years old, have a GED or high school diploma, and be able to work in the United
States or be a state resident. It can take up to two months to process the
application.

Choose a Brokerage

Passing the exam and getting a real
estate license are preliminary steps. Then a new agent must be sponsored by and
work for a real estate broker to start selling properties. A broker provides the agency where the agent
works. Many agents shop around for a brokerage before taking the licensing
exam. Agents should find out about career opportunities, mentoring, commission
structure, and training provided by brokerages to choose the best position. Ask
the details of the working arrangements, such as desk fees, the way leads are
distributed, and how commission splits are structured. An agent should look for
the maximum level of support to help jumpstart their careers. Better Homes and
Garden® Real Estate affiliated agents have access to the Be
Better University® to continue to learn and grow as they
embark on their careers.

License Renewal

A real estate license must be renewed
regularly. Usually, the term of the license is between two to four years. Every
state requires agents to complete a specific number of continuing education
hours to be eligible to renew the license. The laws and requirements pertaining
to agents are always evolving, and agents must know the latest developments to
sell properties and service their clients properly. Courses are also available
for agents who want to focus on a niche, such as first-time homebuyers or
luxury sellers. Separate educational and licensing requirements apply to other
industry careers, such as real estate appraiser and real estate broker.

How
long does it take to get a real estate license?
Typically, it takes three to six months to get a real estate license and start
working with clients, but that varies based on the student’s schedule and
learning style. With the support of a top brokerage, a real
estate agent can successfully break into this challenging,
rewarding, and profitable field.

The post Be In the Know – How Long Does It Take to Get a Real Estate License? appeared first on Clean Slate.

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