5 Simple Steps To Get A Real Estate Agent License
5 Simple Steps To Get A Real Estate Agent License: Are you thinking of becoming a real estate agent because they earn handsome amounts of money? Well, that is a good idea and if you don’t know where to start, read on.
All you need to do to become a real estate agent is have a license and have clients to serve! Although the exact prerequisites of getting a license can vary from state to state, the following five steps give a general idea of what you should expect.
How to get real estate license?
Take a Course
Before taking the real estate license test of your respective state, you need to take a pre-license real estate course unless you are a licensed attorney in which case you do not need to take the course.
These courses teach you both the state laws as well as federal laws concerning real estate. Apart from the laws, you learn about kinds of property ownership, fiduciary responsibilities, contracts, deeds, etc. It is a college-level course, and the duration of the course as well as the tuition fee differ for each state.
Take the Exam
After taking the course, you can apply or the exam. Real estate license exams are surprisingly tough; therefore, you need to take the pre-licensing course seriously. The time allotted to take the test can range from 1.5 to 3.5 hours. Usually, you should answer more than 70% questions accurately to pass the test.
Find a broker
After passing your test for the real estate license, you need to get the sponsorship of a licensed broker. Finding a broker is not very hard but finding a good one is crucial for your career growth.
Apply for the License
After passing the test, you are required to send an application to your state’s real estate board for the license and pay the required fee. While applying, you need to attach proof of your test passed along with the test transcript and ID of your real estate broker.
Join NAR (Optional)
Joining National Associations of Realtor can be very beneficial for a real estate agent because of all the perks it offers. The main difference between a realtor and a real estate agent is that a realtor has joined the NAR.
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