Choosing to be a real estate practitioner is a great career move. The industry has become more lucrative, and many people are getting attracted to it. Individuals from different careers and professions are even giving up on their careers and venturing into real estate. For some, it is the culmination of their entrepreneurial spirit. All in all, regardless of their reason and motive to be a real estate agent, the bottom line is that many people are venturing in real estate careers. With the above in mind, the next lingering thought in many people’s mind is how they can become real estate agents.
The answer to this though depends on a variety of factors. At most, it depends on the location where one wants to practice real estate. It is a requirement of all real estate agents to have a state license. Each state has their regulatory framework for the real estate industry. Thus, depending on the state, there are different real estate license requirements and regulations. However, there are some basic requirements which are similar across the states.
The following are some basic real estate license requirements:
- One should have attained the age of 18 or 19 years
- One should be a legal US resident
- One should undertake a pre-license educational course and complete it.
- One should sit for a real estate license examination and pass it
Real Estate License Requirements: Pre-Licensing
Virtually all states have pre-license education requirements for aspiring real estate agents. These are pre-conditions that must be met in order to qualify for a state exam. The state real estate commission dictates the number of hours and the curriculum to be taught. The schools that impart training are also vetted and have to be approved by the commission. There are various ways in which you can complete the education requirements. You can attend a university or technical school that offers real estate licensing programs or a dedicated real estate school. You can also attend virtual classes or do a home study if circumstances call for it. Ensure that quality and good reputation guide your choice of a real estate institution.
Another part of real estate license requirements is a post-course examination. The school usually administers this examination. The score you get on this examination determines if you will qualify to sit for the state licensing examination.
Real Estate License Requirements: Post Licensing
After passing state licensing examination, your state may require you to complete a post-license education. It consists of a series of classes that you must complete in order to have your license status changes from probationary to full licensure.
Ongoing Educational Requirements
Now that you’ve received your license after meeting all post-licensing requirements, you can start practicing real estate. As you practice, some states require that one undertakes some real estate continuous education hours over a set timeline. These timelines vary from state to state.
As you embark on your journey to become a real estate agent or practitioner, always keep in mind the above real estate licensing requirements. They are essential and stepping stones to success in the industry.