An online program is the quickest method to obtain your real estate license. All students must spend at least 54 hours in an authorized real estate curriculum according to different real state programs. The average person takes four months to obtain their real estate license, although it is possible to complete the criteria considerably faster. In this guide, we will discuss the fastest way to get a real estate license.
Depending on the licensing requirements in your state, the U.S. usually includes between 48 and 160 hours of formal training. In addition to an exam, obtaining a real estate license can take three to six months. With a real estate license, you can: legally sell, negotiate or rent; on behalf of a real estate agency to prospective tenants and buyers. This activity requires a certified real estate license, and the requirements for obtaining one vary from state to state.
Fastest Way to Get a Real Estate License
There are many ways to become a licensed real estate agent. Here are some of the most common:
Option 1: To become an Agent, you must attend a Real Estate School and pass the required state exams. In most states, this means you will need to spend at least several months studying. Only 48 states require education before taking the exam; Hawaii and Washington require both education and examination before licensing (which may be why they have higher-than-average requirements for prospective agents).
Depending on your state’s rules and how long it has been since that state-accredited your school, you may use their pre-licensing materials or provide proof of equivalent education elsewhere.
Option 2: Another way to become a licensed real estate agent is by completing a state-approved licensing training course. In some states, the pre-licensing courses are just as lengthy and intensive as you’d find in a traditional real estate school. In other states, they’re much shorter and in all cases, you must fulfill the state’s education requirements before sitting for the state exam to get your license.
Considerations and Basics about a Real Estate License
The procedure, qualifications, fees, and timelines for obtaining a real estate license vary from state to state. Therefore, it is important to know exactly what is needed; to begin this exciting career.
The cost of obtaining a real estate license can vary depending on where you take the mandatory course, costing anywhere from $350 to USD 1100. Add to this the cost of the real estate license application, fingerprinting, and background check, as well as the state licensing exam fee, which typically ranges from $110 to USD 210, and you can expect to pay between $600 and USD 1,300 in total.
Some states offer online courses to meet these requirements. However, most; require the exam to be taken in person, at the location where the test is taken. A licensed real estate broker recognized by the state in which they practice is referred to as a real estate agent. Only members of the National Association of Realtors (NAR) are permitted to use the title “real estate agent.”
Basic and Common Requirements in Different Regions of the United States
Find out what you need to obtain a permit from the broker’s office. Most states require:
- A college degree is required to learn the basics of real estate, such as ownership, deeds, contracts, and property ownership.
- Permanent residency in the state in which you are applying for licensure.
- The minimum age is 18 years or older.
- Criminal background check
- Courses can be completed in person or online, but your state’s real estate licensing board must approve the course and school. Make sure the school is accredited and recognized by your state before paying for the course.
Skills and Reinforcements
Reinforce your skills.
You may have worked in home construction for a year or two. Like many commercial real estate agents, you may have worked as an investment banker.
Both experiences are relevant to commercial real estate, but if you want to succeed faster than your peers, you need to broaden your skillset. Learn the basics of commercial real estate technology; be proactive, figure out what you can do to add value, and start developing those skills immediately.
Fill in all the hours of the week.
Just because you’re dealing with commercial real estate, even great real estate, doesn’t mean you should sit back and relax. Do whatever it takes to get it done, but you’ll have plenty of time at the end of the week to seek other options. One approach to stand out from the crowd is to know more than the other candidates, rather than merely adding one more talent to your CV.
Whatever you do, don’t give up until you’ve worked eight hours. You should not work less than 48 hours a week. Many real estate agents even recommend not working for the first year or two. If you find that you haven’t reached 48 hours by the end of the week, you need to upgrade your expertise or spend time networking.
Choose a specialization as soon as possible.
Commercial real estate is a large industry with many specialties. For example, one agent may specialize in office space in a city, another may help clients acquire entire buildings for their business, and a third may help companies find commercial space.
Most real estate agents start as specialists or focus on one of the specialized areas of real estate brokerage.
In many ways, commercial real estate is still a traditional profession. If you want to get ahead, you need to know the opportunities and convert prospects into clients. Thus, you have to know how to network. In addition to filling your work week, this is something you should always be doing.
Remember also that networking is not just a numbers game. It’s easy to connect with people through social networks, but it’s not enough to send requests.
You have to expand your network. Keep in touch with people regularly and reach out to them, even at non-work-related events. The goal is not to fall through the cracks and be the center of their attention when signing a contract.
You can find opportunities at other companies.
Another reason to maintain friendships with other commercial brokers is that you may find that the only way to get ahead is to turn to another firm.
If you are tempted to look up and observe your surroundings, you don’t have to decide on the spot. At some point, you may find that you need to reconsider your current business prospects.
If you have already built up a network of contacts with other traders and are familiar with their activities, you will find it much easier to think about the move and decide when to make it.
Starting your own brokerage business
Finally, you may be thinking that the next step is to set up your own brokerage business. Of course, you should only take this step after years of experience and success after thinking about this decision several times. However, many of the tips I have already given are very important if you want your business to succeed.
If you have a specialty, you can differentiate yourself from the competition. If you have the right skills, you will need less help running your business. Deed this way; establish a network of contacts, and you will find it easy to attract agents to your business and new clients.
Frequently Asked Questions
What is the fastest way to obtain a real estate license in California?
The fastest way to obtain a real estate license is through an online program. In California, all students must spend at least 54 hours in an accredited real estate DRE program.
How quickly can I become a real estate agent in Texas?
Realistically, you should complete the course within 60 days of enrolling and access the course content. Please allow an additional 30 days for application approval, fingerprinting, and background checks.
Obtain a real estate license in 5 steps.
The Florida Real Estate Commission (FREC) requires the following steps to obtain a Florida real estate license:
- Complete 63 hours of approved continuing education.
- Pass the exam and complete the course.
- Completion of the license application.
- Pass the Florida Real Estate Examination.
How long does it take to become a real estate agent?
It takes an average of two (2) to three (3) months to become a licensed real estate agent. The cost varies based on how quickly you complete the 120-hour license preparation course and the application length.
How long does it take to obtain a real estate license in New York?
To become a real estate broker, you must complete a 75-hour course, and to obtain a broker’s license, you need 120 hours and two years of experience. Courses for both licenses are valid for two years after completion, and additional continuing education is required before renewal.
How long does it take to obtain a community property license?
The Massachusetts real estate license exam preparation course takes about 40 hours and takes students an average of 2-4 weeks to complete.
What is the most difficult state to obtain a real estate license?
Of all the states, Colorado and Texas lead the way as the most difficult states to obtain a real estate license. Each state requires a certain amount of education and a test that you must pass before a real estate license can be issued.
How difficult is the real estate exam?
Real estate exams are designed to be difficult to pass to weed out people who will not be qualified agents. Although the exam pass rate varies from state to state, nationally, it hovers around 50%. This means that only half of the people who take the state exam successfully pass.
At this point, we handled all the information that deciphers and pieces of evidence, the fastest way to obtain a real estate license. Using this material properly will get you on your way in the commercial real estate world. In this way, you can do your monetary and time planning to elaborate a concrete plan to help you achieve your goals.
You will also have long and short-term options, according to your ambitions. To reach success, it is necessary to set yourself on the right path. The information provided will be your compass in this journey.
Sheena Whitlock, a property expert, and blogger with over 15 years of experience in the field. The knowledge and skills Sheena has acquired during her career have given her invaluable insight into the property management business.
She has done her Property Development BSc (Hons) from the University of Portsmouth and completed her Master’s Degrees in Property Management from the University of Chicago.
As a professional, she has spent time working for various companies as a property management officer and currently works at Asset Info Hub where she shares her knowledge and experience on various property matters with people around the world, questioning their queries via blogging and virtual consulting services.