How Do I Get My New Jersey Real Estate License?
- Step 1: Be at Least 18 Years of Age.
- Step 2: Complete Your Required Education.
- Step 3: Register and Pass Your State Licensing Exam.
- Step 4: Complete Your Fingerprinting and Obtain a Sponsoring Broker.
- Step 5: Submit Your Application.
- 1 How long does it take to become a real estate agent?
- 2 How long does it take to get your real estate license in NJ?
- 3 Is real estate a good job to get into?
- 4 Do real estate agents make good money?
- 5 Is NJ real estate exam hard?
- 6 Is real estate agent test hard?
- 7 How much does it cost to get real estate license in NJ?
- 8 Is real estate a dying career?
- 9 Why I quit being a real estate agent?
- 10 What is the highest paying real estate job?
- 11 How many houses do I need to sell to make 100k?
- 12 Is real estate a good career in 2020?
- 13 How do I become a real estate agent with no experience?
- 14 How to Become a Real Estate Agent
- 15 Why Become a Real Estate Agent?
- 16 Steps to Becoming a Real Estate Agent
- 17 Step 1: Research Your State’s Requirements
- 18 Step 2: Take a Prelicensing Course
- 19 Step 3: Take the Licensing Exam
- 20 Step 4: Activate Your Real Estate Agent License
- 21 Step 5: Consider Becoming a Realtor
- 22 Step 6: Join a Real Estate Brokerage
- 23 The Bottom Line
- 24 How to Get A Real Estate License
- 25 How to Get a Real Estate License in 8 Steps
- 26 What is a real estate license?
- 26.1 Real Estate License FAQ
- 26.1.1 2. How long does it take to become a licensed real estate agent?
- 26.1.2 3. How much does a real estate license cost?
- 26.1.3 4. Can I get a real estate license online?
- 26.1.4 5. Where do I take the real estate license exam?
- 26.1.5 6. What’s the difference between a real estate agent and a realtor?
- 26.1 Real Estate License FAQ
- 27 How To Get a Real Estate License
- 27.1 2. Complete the education requirements.
- 27.2 3. Apply for the real estate licensing exam in your state.
- 27.3 4. Pass your state licensing exam.
- 27.4 5. Apply for your real estate license.
- 27.5 6. Find a real estate brokerage.
- 27.6 7. Join the National Association of Realtors (NAR).
- 27.7 8. Renew your license regularly.
- 28 Your Real Estate License Is At Your Fingertips
- 29 How to Become a Real Estate Agent
- 30 General Requirements to Become a Real Estate Agent
- 31 How Long Does it Take to Become a Real Estate Agent?
- 32 How Hard is it to Get Your Real Estate License?
- 33 How Much Does it Cost to Get a License and Become a Real Estate Agent?
- 34 What is the Difference Between a Real Estate Agent and a Real Estate Broker?
- 35 How to Become a Real Estate Agent
- 36 Step 1 to Becoming a Real Estate Agent: Understand Your State’s Real Estate Licensing Requirements
- 37 Step 2 to Becoming a Real Estate Agent: Enroll in a Real Estate Prelicensing Course
- 38 Step 3 to Becoming a Real Estate Agent: Apply To Take the Real Estate Salesperson Exam
- 39 Step 4 to Becoming a Real Estate Agent: Pass the Real Estate Salesperson Exam
- 40 Step 5 to Becoming a Real Estate Agent: Find a Real Estate Broker
- 41 How To Get A Real Estate License In California
- 41.1 How do I get a California real estate license?
- 41.2 How long does it take to get a California real estate license?
- 41.3 How much does it cost to get a California real estate license?
- 41.4 Where do I take California real estate license exam?
- 41.5 How much Continuing Education do I need as a California real estate licensee?
- 41.6 What courses are required for a California real estate license?
- 41.7 Can I get a California real estate license online?
- 41.8 What is the average salary for a California real estate agent?
- 41.9 How old do you have to be to get your CA real estate license?
- 41.10 Do you need to have a diploma or GED to get your CA real estate license?
- 41.11 Does California have real estate license reciprocity with any other states?
- 42 How to Become A Real Estate Agent in California In 6 Steps
- 43 Get Your License Online
- 44 Become a Real Estate Sales Agent
How long does it take to become a real estate agent?
You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.
How long does it take to get your real estate license in NJ?
Depending upon the volume of work pending at the time of the Commission’s receipt of it, the processing of a complete and correct application related to a salesperson or broker/salesperson license may take from two to four weeks.
Is real estate a good job to get into?
Working as a real estate agent or broker can be fulfilling and financially rewarding, but it’s not easy. A career in real estate requires drumming up business, promoting yourself, tracking leads, handling complex paperwork, providing customer service, and much, much more.
Do real estate agents make good money?
Get Your California Real Estate License! According to the Bureau of Labor Statistics, the average income for Real Estate agents in the state of California is $73,450. California is one of the top earning states for Real Estate agents. Hard work is essential to high salaries, however.
Is NJ real estate exam hard?
The passing rate for the New Jersey Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!
Is real estate agent test hard?
Real Estate Exams Can Be Difficult: Many Test Takers Fail Across the country in California, the pass rate also hovers around 50 percent. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. The good news is that it can be done.
How much does it cost to get real estate license in NJ?
How much does it cost to get a New Jersey real estate license? In order to get your New Jersey real estate license, you will have to pay an exam fee of $45, a fingerprinting fee of $66.05, and a salesperson fee of $160.
Is real estate a dying career?
Real estate isn’t a dying career. In fact, there are more real estate agents in 2021 than perhaps ever before. However, the field is changing dramatically, with the advent of online marketing, VR and virtual tours, and easy online paperwork.
Why I quit being a real estate agent?
Most new real estate agents quit their first year because of the emotional toll of “fear of failure” and rejection. Nobody likes to feel rejected. Rejection is part of the job but remember that people are not rejecting you. They are rejecting the notion of buying or selling at that time.
What is the highest paying real estate job?
The 6 Highest Paying Real Estate Careers with Good Salaries
- Home Inspector. If you already have a good main job and are looking for a part-time gig to maximize your income, you can work as a home inspector.
- Real Estate Lawyer.
- Real Estate Broker.
- Commercial Real Estate Agent.
- Property Manager.
- Corporate Real Estate Manager.
How many houses do I need to sell to make 100k?
How many houses does an agent have to sell to make $100,000 a year? If you are selling $100,000 houses and paying 40 percent of your commission to your broker you would have to sell over 50 houses a year to gross $100,000 a year.
Is real estate a good career in 2020?
The real estate market is ever-shifting. The fluctuations within the real estate market have been worse in 2020 due to the COVID-19 pandemic that has caused many sellers to pull off their listings and interest rates to hit a record low. Still, we believe it’s a good time to become a realtor.
How do I become a real estate agent with no experience?
Real estate schools offer courses that will allow you to add the necessary skills that will need to find a job in the industry, even without experience.
- Review Online Job Boards.
- Talk to a Broker.
- Apartment Locators.
- Visit a Real Estate School.
- Get a License.
How to Become a Real Estate Agent
Are you considering a career as a real estate agent? You’re in excellent company. Every month, around 17,000 people in the United States look up “how to become a real estate agent” on Google as they ponder becoming one of the estimated 2 million active real estate licenses in the country.
- Depending on where you reside, you can complete the requirements to become a real estate agent in four to six months. Prelicensing lessons that may be completed online might expedite the process. The requirements differ from state to state, but the fundamental stages are as follows: complete a real estate prelicensing course, pass the licensing test, activate your license, and join a brokerage
- Realty agents who are members of the National Association of Realtors (NAR) are the only ones who are allowed to use the title Realtor. All Realtors are required to adhere to the rigorous Code of Ethics established by the National Association of Realtors.
Why Become a Real Estate Agent?
It is quite rewarding to work as a real estate agent since it provides so much diversity. You will not be performing the same thing every day because you will have various clients and different homes. You will have the opportunity to meet and work with a diverse range of individuals, will be your own boss, and will derive great satisfaction from assisting buyers and sellers through one of life’s most important milestones. Money may be a positive factor as well. Real estate agents earn an average of $51,220 a year according to the Bureau of Labor Statistics’ most recent available data for 2020 (the most recent year for which data is available).
In all, the top ten percent of agents will make more than $112,410 in 2020, with some agents earning far more than that figure.
Get your real estate license is a reasonably simple and economical procedure when you compare it to other occupations with comparable earnings potential—and you don’t need a college degree to do it.
Steps to Becoming a Real Estate Agent
If you want to become a real estate agent, you’ll need to make an initial financial and time commitment, both of which can vary depending on where you obtain your license. Despite the fact that particular regulations vary from state to state, the following is a broad overview of how to become a real estate agent.
Step 1: Research Your State’s Requirements
Because there is no such thing as a nationwide real estate license, you must adhere to the specific licensing requirements of your state. Your state’s real estate regulatory office website, which you can access by conducting an internet search for “real estate regulatory office” or by visiting the Association of Real Estate License Law Officials (ARELLOregulatory )’s agency directory, is an excellent location to begin your study. Typically, each state has separate standards for the following:
- Educational qualifications (such as a high school diploma or a GED)
- And employment opportunities. Classes for pre-licensing and post-licensing requirements
- Exams and eligibility to sit for exams
- Process and costs for submitting an application
- Obtaining criminal history information and fingerprints
- Education that is never-ending
- How to go up to the next level of licensure certification
- Providing information on criminal past
A reciprocal licensing agreement exists between certain states and other states, which implies that you may obtain your license in one jurisdiction and use it in another without having to sit a separate license test in both states. For example, New York has reciprocity agreements with nine states (some states only have reciprocity agreements with brokers): Arkansas, Colorado, Connecticut, Georgia, Massachusetts, Mississippi, Oklahoma, Pennsylvania, and West Virginia (some states only have reciprocity agreements with brokers).
Step 2: Take a Prelicensing Course
Pre-licensing courses from an approved real estate licensing school are required no matter where you reside before you can sit for the state-mandated examination for real estate licenses. The minimum amount of hours necessary varies from state to state. In California, for example, candidates must complete three real estate classes totalling 135 hours in order to obtain their license. The courses in New York and Georgia last 75 hours, whereas the courses in Florida last only 63 hours. Furthermore, in Texas, you must complete 180 hours of study.
It may be possible to save money (as well as time) by enrolling in one sort of class program rather than another, so it is worthwhile to search around for the best deal.
Choose the approach that is most appropriate for your learning style and time constraints. Additionally, before selecting a software, conduct thorough study and use caution. The quality of the instructors and the resources you use will have an impact on how well you are prepared to take the test.
Step 3: Take the Licensing Exam
If your teacher does not explain how to plan, register, and pay for the license exam, you should consult the website of your state’s real estate commission for further information. Typically, exams are computer-based and are divided into two sections: a national piece covering broad real estate concepts and practices, and a state-specific section that covers the laws of your particular state. All of the tests are in multiple-choice style, and the number of questions and the amount of time allocated for the exam differ from one state to the next.
A retake of the test will be offered if you fail to pass one or both parts on your first attempt.
Step 4: Activate Your Real Estate Agent License
It’s time to submit your application to your state’s real estate regulating body, along with any supporting documentation and fees that may be necessary. The state will mail your real estate license certificate once your application has been granted, and your name will be searchable on the state’s website under the licensees’ area. Keep in mind that you are not permitted to act as a real estate agent until your license has been issued by the state’s real estate authority; therefore, you should wait until you have that license in your possession before getting started.
Step 5: Consider Becoming a Realtor
Despite the fact that many people use the phrases real estate agent and Realtor interchangeably, the two titles are fundamentally distinct. Realtors and real estate agents are both licensed to assist buyers and sellers throughout the real estate transaction process, but Realtors are members of the National Association of Realtors (NAR) and adhere to the NAR’s rigorous Code of Ethics, whereas real estate agents are not. The National Group of Realtors is the biggest trade association in the United States, with 1.3 million members who work in the residential and commercial real estate sectors as salesmen, brokers, property managers, appraisers, counselors, and other professionals.
Additionally, as a Realtor, you’ll have access to a number of advantages, such as:
- Tools for business
- Data, research, and statistics on the real estate industry
- Possibilities for further education
- Discount programs designed to assist you in being successful in business
Examples include Realtors Property Resource (RPR), which is the biggest online real estate database in the United States, developed from public record and assessment information and available to Realtors only. A huge database of foreclosures is included as well as information on zoning regulations, building permits, mortgage and debt data, schools, and other relevant topics.
Step 6: Join a Real Estate Brokerage
A real estate agent works under the supervision of a supervising broker, who is licensed by the state to monitor real estate transactions and ensure that you (and the other real estate agents) adhere to all applicable legal and ethical requirements. In most cases, you will not be paid on an hourly basis. Instead, the brokerage will most likely give you a portion of the commissions it receives from your real estate transactions. Depending on the agreement you have with your brokerage, you may be required to pay for desk fees, technology expenses (for example, for your website), business cards, marketing materials, and other typical costs of doing business on a regular basis.
Because real estate costs may rapidly build up to several thousand dollars each year, it’s critical to incorporate them into your budget when evaluating whether or not a job in real estate is suited for you.
The Bottom Line
Obtaining a real estate license requires investment of both time and money, but it may pave the way for a successful career in the real estate sector. Remember that a job as a real estate agent may be as flexible as you want it to be if you put in the effort. You can choose to work only in the mornings three days a week, or you can choose to never work on weekends. The trade-off, of course, is that you will be far less likely to be successful as a result of this. Despite the fact that real estate agents can work part-time, the majority of successful practitioners handle the profession as a full-time business, making themselves available to customers throughout the week and on weekends.
You may also want to think about the range of real estate designations and certifications that are available, such as those that are particular to mortgages, appraisals, residential property, commercial property, and property management, among other areas of expertise.
How to Get A Real Estate License
Once you’ve learned about your state’s licensing and education requirements, you’ll need to enroll in and finish a real estate pre-license training course. Keep the following in mind:
- It is critical to enroll in a school that is accredited and licensed in your jurisdiction. Depending on whether you hold a degree in real estate, are a licensed attorney, or hold a real estate license in another state, your education requirements may change. Please consult with your state’s Real Estate Commission to learn more about the rules in your area. You must get official real estate transcripts or a certificate of completion from the school once you have completed your course work, since they will be necessary for your license application after you have graduated. In most states, you may print them from the comfort of your own home.
File the application and pay the fees
To receive your real estate license, you must first complete the real estate licensing application and pay any fees that may be required by your state. Almost every state’s website includes links to applications and cost information. Customers of Real Estate Express may access their Student Tools, which contain crucial information and links to resources, through their Real Estate Express account. In order to properly file your application and pay your fees, you’ll need to be aware of the following information.
- If you are obliged to purchase Errors and Omissions (E O) insurance prior to applying, you must do so by the filing deadline. If you are required to submit to a background check and fingerprinting before to applying, please let us know. If you need to have a sponsoring or managing broker in place before submitting your application, you should do so as soon as possible.
How to Get a Real Estate License in 8 Steps
So you’ve made the decision to become a real estate agent, right? Congratulations! It’s time to get down to business. As of 2020, there were more than 1.46 million realtors in the United States, and that figure is expected to rise as the housing market continues to heat up in 2021. Because of the flexibility, autonomy, and, of course, the money, selling real estate is an appealing career choice for many people to pursue. Realtors earn a salary that is comparable to the national average of slightly more than $80k on average.
Once a real estate agent has met all of the requirements to get licensed in their state, the sky is truly the limit for them.
In this post, we’ll take you through every step of the process and explain what you can expect. Let’s get set to begin the process of selling property.
What is a real estate license?
A real estate license enables realtors to lawfully sell, broker, or rent real estate to potential renters and purchasers on their own behalf or on behalf of a real estate brokerage firm in certain circumstances. This activity necessitates the possession of a real estate license, and the conditions for obtaining one differ from state to state.
Real Estate License FAQ
According to the Bureau of Labor Statistics in the United States, Real Estate Agents earned an average salary of $83,886 dollars.
2. How long does it take to become a licensed real estate agent?
Depending on your state’s real estate licensing requirements, which generally include 40 – 150+ hours of formal education as well as preparing for and appearing for a licensing exam, earning a real estate license can take anywhere from three to six months.
3. How much does a real estate license cost?
The cost of obtaining a real estate license might vary based on where you choose to complete your needed education course, which can range from $300 to $1,000 in total. Your real estate license application, fingerprints and background check, as well as your state licensing test costs, will typically cost you between $100 and $200, so you should spend between $500 and $1,200 in total for your real estate license.
4. Can I get a real estate license online?
Yes, online courses are available in some states to help you complete your prerequisites. Most states, on the other hand, demand that the test be taken in person by a third-party examination provider.
5. Where do I take the real estate license exam?
If you want to take the real estate licensing exam, there will be specified cities and testing locations in your state, depending on your location. Once you have submitted an application to take the test, your local real estate commission will supply you with the necessary information.
6. What’s the difference between a real estate agent and a realtor?
A real estate agent is a licensed real estate sales professional who is licensed by the state in which they operate and is recognized by the government of the state where they work. Realtor® is a trademarked name that denotes an experienced real estate professional who has been recognized into the National Association of Realtors. Realtors are just individuals who are members of the National Association of Realtors (NAR).
How To Get a Real Estate License
First and foremost, gain your bearings. In each state, the criteria for pre-licensing courses and license applications are distinct from one another. Consult with your local real estate commission to determine what steps are necessary to earn your license. The majority of states require:
- Education at the college level on real estate fundamentals, including titles, deeds, contracts, and property ownership
- And Permanent residence in the state in which the license application is being submitted
- Minimum legal drinking age is 18 years old or older. Background investigation for criminal activity
Online and in-person courses are both accessible; however, your courses and school must be authorized by the state’s real estate licensing authority before they can be used to obtain your license. Before you spend your money on a real estate school, make certain that it is authorized and recognized by your state.
Real Estate License Reciprocity
Whether you’re already a licensed real estate agent who’s relocating across state lines, check to see if your new state has a reciprocity agreement with the state where your license was granted. If it does, take advantage of the arrangement. If you have a reciprocity agreement in place, you may already be in compliance with the pre-licensing criteria. This does not rule out the possibility of obtaining a license in your new state – it simply means that you may be able to skip a step or two in the licensing procedure.
In the event that you already hold an Idaho real estate license, you are not needed to complete real estate pre-licensing classes if you want to apply for a license in one of the other three states.
The United States has reciprocity agreements with several other countries.
If you’re interested in transferring your real estate license across state boundaries, read this guide to discover more about these arrangements. If you have a degree in real estate or if you are a registered attorney, you may be able to reduce your pre-licensing requirements even more.
2. Complete the education requirements.
Becoming a real estate agent necessitates a significant time and financial commitment. That means you’ll want to know ahead of time what resources you’ll need to budget for before you get started on your project. Some pre-licensing schools, for example, meet for a defined number of lessons over a period of several weeks, but others enable you to proceed through courses at your own speed throughout the year. Become familiar with your alternatives and select the one that best suits your lifestyle and schedule.
For your convenience, we’ve compiled a list of the amount of hours each state requires for necessary education for a real estate license, which is as follows:
|District of Columbia||60|
3. Apply for the real estate licensing exam in your state.
Once you are confident in the material you have gained from your real estate courses, it is time to submit an application to sit for the examination. Payment of an application fee and registration for the exam through a third-party organization, such as PSI Exams, are often required for this phase. You are not necessary to finish all of your requisite school hours before enrolling for the test in several states, such as California. This can reduce the amount of time it takes you to acquire your license since you can finish your credit hours while waiting for your exam application to be authorized, which can save you time.
4. Pass your state licensing exam.
It appears to be straightforward, doesn’t it? There’s a good reason why each state wants you to complete schooling requirements before taking the real estate licensing exam. Making certain that you are appropriately prepared for the exam increases your chances of passing significantly compared to attempting to guess your way through the examination. The test will consist of roughly 100 multiple-choice questions that will cover national and state concepts and laws, as well as federal and state regulations.
Between 1.5 and 3.5 hours will be required to finish the licensure examination.
Remember to receive an official real estate transcript or certification of completion from your institution, as well as a copy of your exam score, to include with your real estate license application — which leads us to the next step.
5. Apply for your real estate license.
It is necessary to submit your test results together with your license application and application costs once you have successfully completed the exam. License application costs will range between $50 and $250, and you may also be needed to submit to a background check, which will cost between $40 and $100 if you are selected. Before you apply for a real estate license, check with your state’s real estate commission to see if you are required to carry Errors and Omissions (E O) insurance. Real estate agents are covered by professional liability insurance against financial losses and litigation filed as a result of their real estate business.
If you do not have this information, you may be asked to get it before submitting your application.
Additionally, you must be permitted to work in the United States, and many states need you to be a resident of the state in which you intend to work. Once you’ve filed your application, it will take anything from one week to two months for your license to be processed.
6. Find a real estate brokerage.
You now own a valid driver’s license. Great! However, this does not always imply that you can begin selling properties immediately. You are required to work with a real estate broker who will sponsor your first two to three years as an agent in the majority of states. Simply said, a real estate brokerage is an agency or office where real estate brokers are employed. A smart suggestion is to select a broker before graduating from your training course because you will almost certainly want a brokerage in order to make revenue.
The Three Types of Brokerages
The brokerage with which you work influences the type and volume of work you perform, the training and mentorship you get, and the corporate culture you are a part of on a day-to-day basis, among other things. The following are three types of brokerages that are commonly encountered:
1. National Franchises
Agents joining national franchises like Keller Williams Realty, RE/MAX LLC, and Coldwell Banker benefit from organized training, immediate name recognition, and access to more resources than they would otherwise have.
2. Boutique-Style Brokerages
Smaller or more local brokerage firms may be able to give more individualized training as well as greater opportunities for growth and progress.
3. Virtual Brokerages
A new sort of real estate brokerage has emerged as a result of SaaS, or Software as a Service. This new style of brokerage is fully online. Working with a virtual brokerage has several advantages, including bigger commission splits (more on that below), reduced desk fees (the amount you pay your brokerage for desk space), and superior technology.
You need to like your work environment and the people with whom you collaborate, therefore here are some questions to ask:
- What courses or training does the brokerage demand for new agents? Do they have a mentorship program for new agents? Do they require hours of “floor time” or work for other agents? What method is used to deliver leads
- If so, will you be expected to do all of your own marketing?
Three Common Types of Commission Structures
Before agreeing to a brokerage’s offer, be certain that you understand the commission structure. The following are three examples of frequent structures:
1. Traditional Split Plans
You will receive 50% of the commission, with the remaining 50% going to your brokerage firm. Typically, these programs are accompanied with minimal or no desk costs, depending on the plan.
2. High-Split Plans
However, you will receive a bigger proportion of the commission — ranging from 70% to 100% — but these commission programs are frequently coupled by expensive monthly desk costs.
3. Hybrid Plans
These plans are a combination of the characteristics of the two designs indicated above. Hybrid programs typically provide agents a 70 percent share at the start of the year, with the percentage increasing to 100 percent if the agents achieve specific financial targets. In addition, some bigger franchises impose “franchise fees,” which can range from 5 percent to 8 percent of the total sales price. Inquire with potential employers about any additional costs that will be deducted from your commission so that you are fully aware of what you are agreeing to.
7. Join the National Association of Realtors (NAR).
You’ve obtained your license and found a sponsoring agency, which means you’re now a licensed realtor, is I correct? Still (kind of) in the wrong. If you want to call yourself a REALTOR®, you must first become a member of the National Association of Realtors (NAR).This designation is also required if you want to participate in most Multiple Listing Services (MLS), which allow you to see other realtors’ listings.If you are not a member of NAR, you can still claim the title of real estate agent and legally work in the field, but your earning potential is limited because you do not have access to the MLS.
8. Renew your license regularly.
It takes a lot of effort to obtain your real estate license, so make sure you renew it on a regular basis. Check your state’s criteria to find out when your license will expire so you can plan ahead. This is normally done every two or four years.Many states require agents to complete a specific amount of course hours in order to be eligible for renewal — anything from 8 to 90 course hours every few years — before they can be eligible for renewal. These additional courses keep you up to date on the ever-changing national and state markets and regulations.
Your Real Estate License Is At Your Fingertips
Becoming a real estate agent is a significant choice that demands a significant investment of time, attention, and devotion. However, the outcome is nearly limitless earning potential as well as the chance of being your own boss in the future – two things that many salesmen find appealing. As Realtor Alicia Turner advises prospective agents: “Success doesn’t come overnight, so be devoted and persistent throughout the process – it will certainly pay off!” Does this sound like something you’d be interested in learning about?
This material is not intended to provide legal advice.
Note from the editor: This piece was initially published in December 2018 and has been modified to ensure that it is as complete as possible.
on September 13, 2021, and modified on September 13, 2021.
How to Become a Real Estate Agent
The following was posted by: Kaplan Real Estate Education on November 22, 2021: Making the decision to become a real estate agent is a significant change in one’s professional life. Many different jobs and careers, as well as different periods of life, lead to employment in the real estate market. The reasons why people choose real estate as their greatest career option are as diverse as the people themselves. However, there is one question that those who want to go into the real estate sector frequently ask: “How can I become a real estate agent?” It is mostly determined by the location in which an individual want to practice real estate.
Real estate licensing is governed by each state’s regulatory framework, with each state’s regulations or standards differing differently from the next one.
General Requirements to Become a Real Estate Agent
The following requirements must be met before you may become a licensed real estate salesperson or agent:
- To qualify, you must be at least 18 or 19 years old (depending on your state). Have legal residence in the United States
- Complete the pre-licensing education requirements
- Take and pass your state’s real estate licensing exams
A high-level checklist of what it takes to become a licensed real estate agent is represented by the elements listed above.
However, there are other decisions you must make along the route that will decide your level of success in your real estate endeavors.
View Licensing Packages
The first step in this process is to determine whether or not real estate is a good fit for you. As a real estate salesman, you spend each and every day working for yourself. This include taking care of your own office administration, paperwork, prospecting leads, creating connections, maintaining contacts, and interacting with buyers and sellers, among other things. When it comes to the pay range of a real estate agent, the amount earned is determined by the number of properties sold and the percentage of commission earned on such transactions.
According to the United States Department of Labor, the average compensation of a real estate agent is around $62,990.
Identify and speak with real estate agents and brokers in your area to learn more about their jobs and how they handle their daily tasks.
The decision to pursue a full-time profession as a real estate agent cannot be considered a pastime.
Thinking about starting a real estate career? Download theLaunching Your Real Estate CareereBook.
More than just opening the door to a career as a real estate agent, obtaining your real estate license opens the door to a variety of additional prospects in the housing business. A few examples of real estate-related occupations include the following:
- The role of a real estate broker is to supervise a group of real estate agents. Appraiser: A person who determines the worth of a piece of real estate. Property Managers are responsible for the oversight and upkeep of real estate properties. Property investor: Someone who purchases and resells real estate properties for a financial benefit, comparable to house flippers. Real estate attorneys are responsible for preparing or reviewing the closing paperwork in a real estate transaction. Home inspectors are professionals who inspect the condition of a house before it is purchased. Mortgage Loan Officer: Collaborates with a financial institution to create mortgage loans for residential and commercial properties. Interior and exterior photographs of commercial and residential real estate properties are captured by a real estate photographer. A house stager makes certain that a home is in its greatest possible condition for potential purchasers.
How Long Does it Take to Become a Real Estate Agent?
To finish the needed real estate courses and pass your licensure exam, it takes an average of four to six months. A few things, however, can have an impact on how long it takes to become a real estate agent in the first place. These considerations include whether you take your real estate courses online or in a traditional classroom setting, which state you plan to acquire your real estate license in, and how many times you must retake the licensing exam before passing.
Online vs. In-Classroom Real Estate Courses
One of these considerations is influenced by your learning style. For those who want to learn in a typical classroom setting, it will likely take them between four and six months to finish their courses and obtain their real estate license. However, if you want to do your real estate courses online, you might finish in as little as eight weeks.
State-Specific Real Estate Education Requirements
Each state has its own set of regulations that must be met before a real estate license may be issued. In general, particular pre-licensing classes are required by each state before you may sit for the exam. It is possible that these criteria, including the amount of credit hours required, will differ from one state to the next.
How Many Attempts You’ll Need to Pass Your Real Estate Licensing Exam
It is possible that the topics included in a real estate license test will differ from state to state. Even while passing your exam on the first try is the ideal situation, it does not always happen that way. In the event that you require a second try, keep the following variables in mind:
- In my state, how many times may I take the test before it becomes invalid? What is the frequency with which the real estate exam is offered in my state
- What is the minimum amount of downtime necessary between tests in my state
How Hard is it to Get Your Real Estate License?
In conclusion, obtaining a real estate license does not have to be a complex or time-consuming process. Simply recognize the amount of time and effort required to:
- Get through all of the needed real estate prelicensing classes
- Prepare for the real estate licensing exam
- Pass the exam with flying colors
- Register your new real estate license with the appropriate state authority
How Much Does it Cost to Get a License and Become a Real Estate Agent?
It may not be as expensive as you anticipate – anywhere from a couple of hundred dollars to slightly more than a thousand dollars. The amount of money you’ll spend on real estate school is determined on your selected learning method as well as the number of education hours necessary in your state.
Find your state on this list to learn more about what to anticipate there. In terms of learning alternatives, you have a few different options to choose from, including live online classes, on-demand courses, home study, and prelicensing education.
- Live Online: $300 – $900+: This option combines the predictability of a planned class time with the ease of interacting with a live instructor from the comfort of your home. On-Demand: $200 – $800+: Work is completed on your own schedule! The flexibility of online learning is a terrific alternative for working parents, students, and professionals who are unable to attend classes on a defined schedule. If you are on a tight budget and have the motivation to finish courses on your own time, home study is an excellent option.
What is the Difference Between a Real Estate Agent and a Real Estate Broker?
To put it another way, in order to become a broker, you must first work as a real estate agent. However, not all real estate agents are also brokers. Real estate agents are required to get and maintain a professional license in order to assist their customers in the purchase, sale, and rental of real estate properties. A broker is a real estate professional who has completed further education, training, and has met all licensing criteria. Brokers may work on their own, but they frequently employ a group of real estate agents to assist them in their endeavors.
How to Become a Real Estate Agent
There are five phases that every individual must complete in order to get their license and work as a real estate agent, however the specifics differ from state to state.
Step 1 to Becoming a Real Estate Agent: Understand Your State’s Real Estate Licensing Requirements
The prerequisites for obtaining a real estate license vary from state to state. The formal prelicensing requirements for your state may be found on the website of your state’s real estate commission. Kaplan Real Estate Education provides a handful of tools that might help to close this knowledge gap in the real estate industry. The Stages to Licensing information provided below is intended to demonstrate, in straightforward steps, what it takes to obtain a license in each state, including California, Minnesota, and North Carolina.
Step 2 to Becoming a Real Estate Agent: Enroll in a Real Estate Prelicensing Course
There are several options available to you for completing your real estate prelicensing educational requirements. For example, real estate colleges, some realty businesses, universities, and technical institutions all offer real estate license programs that include both live classroom instruction and home-study and online course alternatives. This is a critical choice in the course of your adventure. Consider enrolling with a school that has a stellar reputation, provides high-quality curriculum and teachers, and has a strong emphasis on achieving great student results.
We at Kaplan Real Estate Education provide a choice of handy options for completing your education.
View Licensing Packages
Real estate is mostly a state-specific profession, with certain exceptions. This is due to the fact that real estate regulations vary greatly from state to state. Although reciprocity between states is not mandatory, it permits existing real estate agents from certain states to apply for a real estate license in another state without having to complete all of the prerequisite courses necessary in that jurisdiction. For example, the state of Colorado grants license reciprocity to residents of all 50 United States states.
With a career in real estate, the opportunities are virtually limitless!
Step 3 to Becoming a Real Estate Agent: Apply To Take the Real Estate Salesperson Exam
The importance of timing cannot be overstated at this stage. Make certain that you are following the application process with your state in order to be able to sit for your real estate agent exam as soon as you have completed your courses. This procedure will be state-specific and will be accompanied by a cost. For detailed information on how and where to take your real estate test, contact your state’s real estate regulatory organization. It is required in some states that you submit fingerprints and pass a background check.
This might take many weeks to complete. In many states, you must finish the application procedure before you may register for or set an exam date for your exam. Make sure that paperwork doesn’t become a stumbling barrier in your quest to begin a successful real estate profession.
Step 4 to Becoming a Real Estate Agent: Pass the Real Estate Salesperson Exam
Passing the real estate test requires more than just completing the necessary educational requirements; it also necessitates extensive study. The majority of people do not pass the exam the first time. Preparing yourself to pass the state test will need more study time on your part. Kaplan strongly advises students to participate in a real estate test preparation course. Because the ultimate aim is to assist you in passing the test, the majority of Kaplan’s prelicensing packages include the full Exam Prep Course as a part of the package.
Prepare for your real estate exam by arriving at the testing place with a good attitude, answering the questions utilizing the vast knowledge bank you have gathered through your study, and walking away with a passing mark on the exam!
Step 5 to Becoming a Real Estate Agent: Find a Real Estate Broker
Your passing grade on your real estate licensing exam does not necessarily imply that you have been granted a license. A real estate salesperson (agent) is authorized to act on behalf of a broker; but, he or she is not authorized to function as a real estate agent on their own behalf. Consider contacting a real estate broker as soon as possible after completing your license procedure. The state will need you and your broker to file the final documentation when you have finished your prelicensing education requirements and passed your examination.
Keep in mind that when searching for the best real estate brokerage, there are a variety of factors to take into consideration.
A real estate agent’s day might be diverse and unique from the next, and it can be a highly lucrative and interesting job!
To get started obtaining a real estate license where you live, simply select your state from our list ofreal estate course options.
If you could sit down with a room full of accomplished real estate experts and ask them for career guidance, wouldn’t it be fantastic? We asked numerous established real estate professionals what they wished they had known before earning their license and beginning their careers, as well as what they believe all aspiring real estate professionals should know. We received a lot of great responses. We compiled all of their suggestions into a comprehensive eBook that is filled with value. E-book available for free download
How To Get A Real Estate License In California
Let us assist you in obtaining answers to any questions you may have about getting started in the real estate business. In order to make the process of obtaining your real estate license in California as smooth as possible, we’ve compiled and answered some commonly asked questions below. Purchase your California Pre-Licensing Certificate »
How do I get a California real estate license?
In order to qualify, candidates must be at least 18 years old and have completed the 135 hours of mandatory Pre-Licensing study. They must also locate a registered California real estate broker to work with.
Following that, you must sit for the state Salesperson Exam and file an application for a license, which will require you to be fingerprinted and have your background checked. If you pass the California Salesperson License Exam, you will be entitled to apply for a salesperson license in California.
How long does it take to get a California real estate license?
A total of five to six months is often required to complete the full procedure, owing to mandated educational waiting periods mixed with other prerequisites. The time it takes to obtain a California real estate license, on the other hand, might vary based on a number of different circumstances. Obtaining the needed 135 hours of Pre-Licensing courses, locating a sponsoring broker, completing the application procedure, and passing the California Salesperson test may take several months.
How much does it cost to get a California real estate license?
A total of five to six months is often required to complete the full procedure, owing to mandated educational waiting periods mixed with other prerequisites. The time it takes to obtain a California real estate license, on the other hand, might vary based on a number of different circumstances. Obtaining the needed 135 hours of Pre-Licensing courses, locating a sponsoring broker, completing the application procedure, and passing the California Salesperson test may take several months. The state of California charges expenses to become a real estate salesperson, which include a $60 test fee and a $245 registration fee.
Please keep in mind that the state reserves the right to amend these fees at anytime.
Where do I take California real estate license exam?
Examinations are frequently conducted throughout the state, with facilities in Fresno, San Diego, the Los Angeles area, Oakland, and Sacramento being among the most common places. More information regarding hours and places may be found at the California Department of Real Estate’s website, which can be found here.
How much Continuing Education do I need as a California real estate licensee?
Everyone who sells real estate in California must complete 45 hours of real estate training recognized by the California Department of Real Estate (CDRE). Every four-year license renewal cycle in California necessitates the completion of continuing education courses. Additionally, every four-year license renewal period, brokers in California are required to complete 45 hours of Continuing Education credits.
What courses are required for a California real estate license?
Pre-Licensing coursework consists of three 45-hour courses that must be completed in order to meet the 135-hour requirement. Real Estate Principles, Real Estate Practices, and Real Estate Finance are the three courses that make up this concentration.
Can I get a California real estate license online?
Future real estate salespeople in California can acquire their real estate license entirely online.
What is the average salary for a California real estate agent?
When determining typical real estate salary, a variety of criteria are taken into consideration, including the amount of real estate transactions completed each year and commission fees. An average full-time real estate salesman in California can expect to earn around $80k per year, according to ZipRecruiter.com’s salary data. A real estate salesman in California might earn more than six figures per year, especially among the better earners.
How old do you have to be to get your CA real estate license?
To obtain a California real estate license, you must be at least eighteen years old.
Do you need to have a diploma or GED to get your CA real estate license?
In California, obtaining a high school graduation or GED is not necessary in order to apply for a real estate license.
There is only one requirement: you must be at least 18 years old or older in order to participate.
Does California have real estate license reciprocity with any other states?
California does not have reciprocity with any other states when it comes to real estate licenses. Read our guide to find out which states do and do not provide reciprocity to real estate agents.
How to Become A Real Estate Agent in California In 6 Steps
Even though the prospect of obtaining your California real estate license may seem intimidating, our team is here to help you through the process. Continue reading to discover about the five steps you’ll need to do before you can begin your real estate profession in the state of California. To find out how much it will cost you to obtain your real estate license in California, please see our California Pre-Licensing Pricing page. Purchase your California Pre-Licensing Certificate »
- You must be at least 18 years old to participate. If you are not a resident of California, please check the Out-of-State Applicants section below. All candidates must be honest and truthful, and any applicant who has been convicted of a felony may have their license denied. Failure to declare a criminal infraction or disciplinary action may also result in the denial of a license in certain circumstances.
Complete 135 hours of Pre-Licensing education.
You must first complete and pass 135 hours of Pre-Licensing coursework, which comprises of three courses, the first of which is Introduction to Nursing.
- Real Estate Principles (45 hours)
- Real Estate Practices (45 hours)
- Real Estate Finance (45 hours)
- And Real Estate Finance (45 hours) are all required courses.
Pass the course final exam.
- After completing each Pre-Licensing course, you will be required to sit for a final test. You have two chances to pass each final exam, and you get one minute each question to complete them both. The passing mark for each of these final exams is 70%, and there is no need for a proctor to administer them.
Pass the California salesperson licensing exam.
- Following successful completion of your course final examinations, you will sit for the California license test. This test comprises of 150 multiple-choice questions with a time restriction of 3 hours and 15 minutes and a passing score of 70 percent. There is no negative marking on this exam. If you need assistance passing your real estate test, The CE Shop offers comprehensive Exam Prep that is specifically suited to the state of California.
Choose a sponsoring broker.
You must be sponsored by an active California real estate broker in order to begin your new career in real estate. When selecting a broker to work with, it is critical to discover a good match, since this is a vital aspect in being a successful California real estate agent. Listed below are some things to ask yourself when looking for the best broker to work with:
- What is their standing in the community, both locally and nationally
- It is unclear what type of real estate agents the company is seeking. Are they technologically sophisticated and up to date with the most recent systems available? The manner in which they assist their agents with education and training. Does the brokerage give their agents with leads and marketing materials? Is there space for advancement within the organization? Are there any advantages available?
Complete your licensing application.
- A Salesperson License Application will be given to you once you pass the examination, if you have not already done so with a License Combo Application (RE 202). Within one year of completing the examination, this form must be completed and delivered to the proper fee, together with the applicable charge. A license cannot be issued until the Department of Revenue gets the fingerprint response data. For further details, please go to Fingerprint Requirements. It is necessary to have proof of completion of Real Estate Principles and Practice, as well as one additional course from the course requirements list, on file before you may be given a real estate license. A signed and notarized Consent to Service of Process form must also be submitted by out-of-state applicants (RE 234). For further information, please see the section under “Out-of-State Applicants.” The California Department of Real Estate (DRE) will award your California Real Estate Salesperson license once your application has been approved by the state. You may check the status of your new real estate license on the DRE’s eLicensing Online website, which can be found here.
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Become a Real Estate Sales Agent
A sales agent is a person who has been licensed by the Real Estate Commission to operate as an agent on behalf of a real estate broker and their customers in the sale of real estate. It is necessary for a sales representative to be sponsored by a licensed broker in order to provide any type of real estate services.
- A citizen of the United States or an alien who has been properly admitted to the country
- The ADACArecipient does not meet the definition of a legally admitted immigrant.
You must be at least 18 years old. Meet the requirements for honesty, dependability, and integrity as out by TREC.
- Consider seeking aFitness Determination before submitting an application for a driver’s license.
To be eligible for a license, you must satisfy all of the conditions listed below within one year of the day your application is submitted. The Application State Tracker allows you to keep track of the current status of your application.
File Your Application
Use our Online Services to submit your application and pay the cost to become a Sales Agent. For those of you who do not yet have a username and password for our Online Services, you can create one right now.
Apply by Mail
If you want, you may also submit a paper application for your Sales Agent license through our website. Take your fingerprints and ensure that you pass the background check. According to Texas law, you must have your fingerprints taken and stored with the Texas Department of Public Safety (DPS) in order for a background check to be done. Fingerprints that have already been submitted to other agencies will not be accepted. If the background check does not pass, the license will not be issued to the applicant.
If you are alerted that an inquiry into your background history is underway, you should expect a delay. Submit Your Qualifying Education Documentation 180 classroom hours in one of the qualifying real estate courses from the list below:
- Coursework includes Principles of Real Estate I (30 classroom hours), Principles of Real Estate II (30 classroom hours), Law of Agency (30 classroom hours), Law of Contracts (30 classroom hours), and Principles of Real Estate III (30 classroom hours). Promulgated Contract Forms (30 classroom hours)
- Real Estate Finance (30 classroom hours)
- Promulgated Contract Forms (30 classroom hours)
Locate a supplier of qualified education. TREC will accept your course completion documentation once you have applied online or submitted your paper application. It is OK for you to submit a course and teacher assessment once you have completed your course work. If you received academic credit for any of the above-mentioned qualified real estate courses from a recognized college or university, please provide a copy of your transcript for review.
Take the Exam
PearsonVUE, a testing service provider, is in charge of administering the license tests. In this case, you will get an email with details on how to schedule the exam as well as how to download a copy of the exam Candidate Handbook. If you fail the test three times, you will be required to pursue extra schooling.
Find a Sponsor
You will be awarded an inactive license if you have met all of the conditions listed above. To be able to work, you must be sponsored by a licensed broker who is currently operating in Texas. By utilizing our online services, you may submit a request for sponsorship. The broker will provide your active license once they have approved your request, and you will be ready to begin working as a Sales Agent!