If you’ve made the decision to become a real estate agent, then you have quite a bit to think about. From completing pre-licensing courses to becoming licensed, there are several important things you will need to do to start your career in the business on solid footing.
Real estate licensing requirements are different from state to state, and even the courses you take might not be accepted by your state’s real estate regulatory authority. To ensure that you meet all requirements, contact your state’s real estate commission directly to learn what you need to do to get your license.
Once you know the education and examination requirements for your state, find a course provider that is approved by your state’s regulator to offer real estate courses. Some states will allow you to take the required 77-hour pre-licensing course online, which allows you to study at your own pace and finish the course as quickly as possible. Some schools also offer weekly classroom courses where you meet each week for six or eight hours and can finish the course in one to two months. Also read https://www.acompanythatbuyshouses.com/sell-my-house-fast-burleson-tx/
The next step is to schedule the state exam once you have successfully passed your qualifying education course final exam. Each school will have its own list of pre-approved physical proctoring locations to choose from. It is typically wise to schedule the exam as soon as you can so that you can complete your real estate license application the same day.
Once you pass the real estate exam, submit your completed application and fee to your state’s regulator. You will need to pay your licensing fees as well as any additional state fees such as fingerprinting and a background check. This step can take anywhere from a few weeks to a few months depending on how fast your sponsoring broker approves your application.
Your license will then be mailed to your sponsoring broker for approval. Once they have it, you can begin your real estate career! You will need to check with your state’s regulatory body to find out if you need Errors and Omissions insurance, which protects real estate agents from lawsuits and financial losses related to their real estate work. If you do need this insurance, your brokerage may sell it to you or you can purchase it from another source.
Once you have your real estate license, it’s important to keep it current by renewing on time every two years. This process usually involves completing 8 to 90 course hours that update you on new real estate laws and market trends. If you want to learn more about how to obtain your license, talk with an experienced real estate agent or visit the website of your state’s real estate regulatory authority. Good luck!