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A career as a real estate agent can be both financially and personally rewarding. Becoming one requires knowledge and skill, and most states require a license to practice. Specific requirements vary so be sure to check with your state department of real estate. Here is an overview of some of the most common requirements.
Education and Training
In most states, the minimum requirement to obtain a real estate license is completion of a certain number of education hours at a licensed real estate school. Additionally, some states may require completion of high school or the equivalent.
States may also require general knowledge or experience in related topics beyond real estate, such as contracts, fair housing, and terrorist financing prevention.
Testing Requirements
Many states require applicants to pass a background check and provide documentation demonstrating their fitness for licensure. This may include proof of age and of the completion of required course work.
Most states also require applicants to pass an exam before they can be issued a real estate license. This exam tests an applicant’s knowledge of state real estate law and principles.
Ongoing Education
In addition to the initial pre-licensing requirements, some states demand that real estate agents maintain their knowledge with continuing education courses.
Coursework must be approved by the state real estate board or commission as part of a bi-annual re-licensure. The number of credits required for re-licensure can range from a few to upwards of 30 or more.
Other Requirements
Other potential requirements may include:
- Proof of residence- Many states require an applicant to show proof of residency.
- Age- To receive a real estate license, applicants must usually be over 18 years of age.
- Fees- Applicants may required to pay a licensing fee, background check fees, and possibly other related assessments.
In conclusion, becoming a real estate agent requires more than just a willingness to get started. Understanding the requirements in advance can make the process easier and quicker. Remember to check with your state through its real estate commission to obtain the most current license requirements.