A real estate license is the key to starting your career in the business of helping people buy and sell homes, commercial properties and vacant land. You’ll also need to obtain Errors & Omissions (E&O) insurance, which protects you in the event of any mistakes or financial losses related to your real estate activities. This policy can be purchased from the brokerage that you work for or from an independent insurance agency.
The answer to how long it takes to get your real estate license varies by state, but for most motivated students, you can complete your education, pass the licensing exam and receive your license in about 4 to 6 months. However, this will depend on factors such as your time commitment to study, the type of real estate course you choose, whether or not you enroll with an accredited, quality school and whether or not you are able to take your courses in the format that works best for your learning style. Also read https://www.texascashhousebuyer.com/sell-my-house-cash-texas/
Your state’s real estate licensing requirements will also vary by country and region. For example, some states require more hours of pre-licensing education than others. And some states require a background check and fingerprinting before you can sit for the licensing exam.
After you complete your real estate pre-licensing coursework, it’s time to start preparing for the licensing exam. Each real estate licensing exam has two sections – a national section, covering general real estate principles and practices; and a state portion, covering your state’s laws and regulations. You’ll need to pass both sections of the real estate exam in order to get your license.
Once you’ve successfully passed your state’s licensing exam, you’ll need to wait for your license application to be approved by your state’s real estate licensing agency. Then, you can begin your career in real estate!
Before you can get started, you’ll need to find a real estate brokerage that will hire you. This is where you’ll hang your license and will work under the supervision of a broker. It’s recommended to find a broker as soon as you’ve finished your real estate pre-licensing classes and passed the licensing exam.
Depending on the location of your brokerage, you may also need to get licensed with the local Multiple Listing Service (MLS). This will give you access to all of the listings in your area.
Getting your license requires a lot of hard work and up front expenses. But the rewards can be great for those who are willing to put in the time and effort! So if you’re ready to take the first step to becoming a successful real estate professional, click the link below to enroll in our real estate pre-licensing course and exam prep.
