Many people ask how old do you have to be for a real estate license. To get a license as a Salesperson or Realtor, you must be at minimum 18 or 19 depending on the state and being a legal resident in the U.S. These items indicate the high-level requirements for becoming a licensed real estate agent. Still, you must make several decisions along the route that will determine whether or not your journey is successful.
Additionally, you must sit for and pass a written exam before obtaining a real estate salesperson’s license. As a result, those who pass the exam issue a license application. After that, you must submit to the DRE and get the authorization. You require this license for individuals engaged in licensed real estate activities defined in the Real Estate Law who are not directly employed by a registered real estate broker.
You may obtain a license from someone who does not intend to work for a broker immediately.
However, a sales assistant who a competent broker does not accompany cannot engage in real estate-related activities.
How to Get a Real Estate License?
Recognize the prerequisites for real estate licensure in your state
States have their requirements for acquiring a real estate license. You can find the formal licensing requirements for your state on the website of your state’s real estate commission.
Kaplan Real Estate Education provides a few pages that help close this knowledge gap. The Steps to Licensing page is intended to demonstrate, in simple steps, how to obtain a license in each state.
Additionally, Kaplan maintains a page devoted to each state’s licensing and continuing education requirements for real estate.
Enroll in a pre-licensing real estate course
There are numerous options to fulfill your real estate pre-licensing education requirements.
Some real estate firms, universities, and technical schools offer real estate license programs, self-study, and online real estate education through live classroom locations at local real estate schools. This is a key point in your real estate trip.
Ensure that you enroll in a school with a favorable reputation, high-quality instruction, faculty, and commitment to positive student results.
Your real estate licensing training will be rigorous and thorough. However, it will also serve as a springboard to a successful career in real estate.
Application for the real estate salesperson examination
This stage requires precision timing. Ensure that you adhere to your state’s application requirements. So, that you can sit for your real estate agent exam shortly after completing your real estate licensing programs.
This will be a state-by-state process that will incur a price. For complete details, contact your state’s real estate regulatory organization.
Certain states demand fingerprints and successful completion of a background check. The procedure can take many weeks. In many states, you must finish the application process before you may register for or schedule your exam date.
Allow paperwork not to become an impediment to beginning your new real estate job.
Obtaining a passing grade on the real estate salesperson examination
Passing the real estate exam entails more than simply meeting scholastic criteria. So, it entails preparation. Not everyone succeeds on the first attempt.
You will require additional study to prepare for the state exam by taking practice exams, identifying your strengths and weaknesses, and thoroughly reviewing the material. Arrive at the exam site with a positive attitude, answer the questions using the vast store of knowledge you’ve amassed over your study, and walk away with a passing grade on your state real estate exam.
Finding a real estate agent
Simply passing the state’s real estate licensing examination does not guarantee that you retain your license.
A real estate salesperson (agent) has a license to function on behalf of a broker. They don’t allow you to act independently as a real estate agent. Consider contacting a real estate broker early in the process of obtaining your license.
After completing the required pre-licensing courses and passing the exam, you and your broker will need to complete the state’s final paperwork. After they accept the form, you will receive your license. Next, you will practice real estate under the broker’s sponsorship.
When selecting the right real estate agent, you should consider several factors. Each day can be distinct and varied for a real estate broker, and it can be a highly fulfilling and exciting career.
Frequently Asked Questions
Are university degrees needed to work as salespeople in real estate?
No, you don’t require a college degree or a bachelor’s degree to become a real estate salesperson. However, if you hold a degree in real estate from a reputable college or university, certain licensing boards may eliminate the pre-license education requirements. However, you will still be required to pass the real estate examination.
What will the cost of obtaining my real estate license be?
Your specific prices may vary depending on the courses you take, the optional goods you purchase, such as exam preparation materials, and the number of exam fees you must pay.
How long does the process of obtaining a real estate license take?
On average, it takes at least four to six months in a regular classroom setting to get a real estate license. If you take your real estate pre-licensing course online, it can be completed in as little as eight weeks, depending on your pace.
Is real estate the correct investment for you?
The initial stage in this process is to determine whether or not real estate is a good fit for you. Every day as a real estate salesperson is spent working for you. This requires you to manage your own office, paperwork, prospect for leads, create relationships, manage contacts, and deal with buyers and sellers.
Approach local real estate agents and brokers and ask about their day-to-day work. Become informed on the real estate industry as a viable long-term employment option. Choosing to pursue a full-time profession as a real estate agent cannot consider a hobby. It necessitates total commitment. Ascertain that real estate is the best path for you.
What if I do not pass the license examination?
If you do not pass the license exam upon completing your courses, you may retake it up to three times (on different days). If you fail the exam on your fourth attempt, you must retake your pre-licensing classes before reregistering for the exam.
A job as a real estate agent can be extremely gratifying and interesting. Wouldn’t it be wonderful to have the opportunity to sit down with a room full of successful real estate professionals and seek career advice?
Provisional Broker is the entry-level broker position that all real estate brokers in North Carolina begin with. Therefore, provisional Brokers are permitted to function as agents and sell real estate. Still, they must do so under the supervision of a Broker-in-Charge who is responsible for overseeing all transactions.
The Broker-in-Charge is there to guide you as your skills and experience grow, developing the Provisional broker into an accomplished professional. So, a provisional broker must complete a 90-hour post-licensing education course to start performing.
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.