Before you can make money selling real estate in the United States, you must first obtain a real estate license. Each state has its own set of requirements for licensing. Every state, however, requires that aspiring real estate agents complete a training course. In addition, each state requires prospective agents to pass a licensing exam.
Though all states require prospective real estate salespeople to complete adequate training, each state has its own requirements for the amount of training required. New York, for example, requires prospective agents to complete 75 hours of classroom real estate training, while Texas requires 180. Maryland and Pennsylvania, on the other hand, demand 60 hours of real estate training in the classroom.
Each state has approved methods of training for a real estate license, in addition to requirements pertaining to the length of study. A list of approved real estate courses or training providers is maintained many states. Some schools allow distance learning or online study, while others do not. Some real estate courses can be completed in as little as three weeks through home study. Though intensive study over a shorter period of time is required, such courses are said to provide adequate preparation for taking a license exam.
Real estate license courses are frequently offered at community colleges. In many states, such programs can be completed in three months or less attending classes for only a few hours per week. An individual seeking a license while working in another field or pursuing other interests may benefit from this low-level time commitment.
It’s important to remember that not all real estate courses are created equal when looking for one. Some are less practical and more expensive than others. Also, depending on the school or program, the percentage of graduates who pass the real estate license exam can vary significantly. As a result, looking for the right program is an important part of obtaining a license.
You must pay a fee to obtain your license after passing the exam. Finally, you’ll need to find a broker who will act as your sponsor. However, don’t think your education is over just yet. Many states make continuing education a requirement for renewing a real estate license, which is usually done once a year.