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How to Get a Real Estate License

How to Get a Real Estate License

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How to Get a Real Estate License

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  1. How to Get a Real Estate License TOP POINT PROPERTIES

  2. Taking the State Exam and Applying for Your License • Find the official website of your state’s real estate regulatory body. • Choose a real estate education school. • Enroll in the real estate education course. • Complete the real estate education course. • Study hard for your state exam. • Register for and take the state exam. • Apply for your license.

  3. Find the official website of your state’s real estate regulatory body. •  Every state has a regulatory body that governs real estate laws and real estate sales agents within its jurisdiction. The website of your state’s regulatory body will explain all of the specific requirements that you’ll have to meet to become licensed in that jurisdiction. Go to USA.gov to find the official website for your state. • Oftentimes, state real estate regulatory bodies are under the division of commerce, insurance, or business regulation. • Feel free to visit your state’s regulatory body offices in person. You might learn more talking to someone than if you try to figure things out on the internet.

  4. Choose a real estate education school. • Your state’s real estate regulatory body will provide you with a list of state-approved schools and real estate education courses that meet their requirements for licensure. Make sure to read this list carefully so that the school you pick is indeed a school that is approved by the state.

  5. Enroll in the real estate education course. • After you’ve selected an approved school and course, enroll in the course. Real estate education courses are the primary educational requirements for real estate licensing in most states. As a result, these courses are very important and required. Take your course work seriously. Real estate education courses can be completed in person or online, depending on the school that offers them. • Courses generally take between 30 and 90 hours, depending on your state requirements. • Courses are generally concluded with a course exam. This is different than the state real estate exam. The course exam is created to make sure you’ve done the work on the course and understand what you have learned.

  6. Complete the real estate education course. •  Completing the course is no simple task. If you complete it online, you’ll move through a dozen or more modules that will include a wide variety of information. If you complete it in person, you’ll spend a week or more in a classroom for eight hours a day (depending on the hour requirement). Make sure to read or listen carefully, take good notes, and review all of the information you’ve covered. Generally, these courses include information on:Credit scores • Risk management • Foreclosures, short sales, real estate owned properties (REO) and real estate auctions • Real estate ethics

  7. Study hard for your state exam. • After you've completed and passed the real estate education course, you'll need to prepare for your state exam. State exams are difficult and many people don’t pass the exam the first time around. You’ll increase your chances of passing the test if you are thoroughly prepared. There are books and online resources that you can use to study. Take as many practice tests as you can until you are confident you can pass the examination. Search online or ask your school to recommend real estate prep examinations.  • Keep in mind that each state exam is different. Take practice exams only for the state in which you will be licensed.

  8. Register for and take the state exam. •  Depending on the state, you’ll either have to forward your course completion information to the state or testing company, or you’ll be automatically scheduled for a state exam once you complete the course. Either way, the state exam will be the culmination of your real estate education. Most states require either a 70% or 75% score to pass the exam. • Exams are held in testing centers and generally take several hours. • Many states allow you to retake the exam several times. • You might be required to arrive up to 30 minutes before the exam begins. • Make sure to bring photo ID. • Your test results will, in many states, be automatically sent to the regulatory authority.

  9. Apply for your license. • After you’ve taken the appropriate education and passed the exam, you need to formally apply for your license. Some states might have you begin the application process before taking the exam, but many do not allow you to apply until you’ve passed the exam. Regardless, after you’ve passed your exam, you will have to contact the regulatory agency in your state that governs real estate. Make sure you have the appropriate forms. • Contact the regulatory authority to make sure they’ve received the results of your test and your education completion. • You’ll probably have to pay a license fee at this stage. • The amount of time it takes the state to process your application will vary. Some states like Florida process applications almost instantly, while other states like Tennessee might take two weeks or longer.

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