Some people get into real estate because they want to work with their hands, or they’re looking for a flexible career, or maybe they watched Selling Sunset Strip and thought “I can do that!” No matter what your motivation is, it’s essential to understand how long it takes to get your license so you can plan accordingly. Here are some tips to help you get started.
Every state has different licensing requirements, but the first step is usually to complete pre-licensing courses that cover national and state real estate law and practices. These can be completed in a number of ways including online, through real estate schools or at local colleges, and they often have a final exam that you must pass to receive a certificate. Some states also require a background check and fingerprinting. Set aside at least $500 – $1,500 for these education and exam costs and any other fees required by your state to start your real estate career.
Once you’ve passed your course final exam, it’s time to schedule your state licensing exam with PSI. These exams are generally 100 multiple-choice questions and can take up to three hours to complete. You must score at least 70% to pass. Some states offer retakes if you don’t pass on your first try, but others have a shorter window for retakes or no retakes at all. Read more https://www.acompanythatbuyshouses.com/sell-my-house-fast-benbrook-tx/
After passing the state exam, it’s time to submit your application for licensure with your sponsoring broker and pay any applicable fees. You can typically submit your application and fee online and will be notified when you’re approved. This step can take a few weeks, depending on how quickly your broker approves your application and how soon you’ve passed the state exam.
Once your license is approved, you’ll receive a real estate salesperson certificate from the state, which you can present to potential clients. This typically includes your name, photo, and contact information, as well as your broker’s license number. Your broker will also need to provide a statement that they will supervise you and have the authority to accept or reject any real estate transactions. Lastly, you’ll need to renew your license periodically (typically every two to four years) by taking refresher courses that keep you up-to-date on changes in the real estate market and regulations. Make sure to keep track of these renewal dates so you don’t lose your license.