How Long Does It Take to Get Real Estate License – Licensing Exams

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How long does it take to get real estate license

How long does it take to get real estate license? Well, there are several factors surrounding this question, and I will be answering them for you in this article.

How Long Does It Take to Get Real Estate License

Applying for a real estate license is a relatively easy process. Most states simply require you to register for the exam, pay a fee, and then have an existing broker vouch for your character.

That’s it! However, you do have to pass the licensing exams with a high score before applying. Also, before applying for your license, you need to know where the state is located.

If you’re reading this, chances are you’re in one of the 50 United States, but there are territories that allow people to become realtors as well.

In answering this question: “how long does it take to get real estate license?” This article will present what you need to know about getting your real estate license in the United States.

The first step to getting your real estate license is taking pre-licensing courses

So, you’ve decided to get your real estate license and you are wondering how long does it take to get real estate license. The first step is taking pre-licensing courses.

These are usually between 40 and 60 hours of coursework and cover general real estate principles and the state laws that apply.

In some states, you’ll need to take these pre-licensing classes in person, but others allow you access to all the content online. They can be taken at a community college or through a real estate school approved by your state’s licensing board.

But check first that the school you want to attend is accredited by searching for its name on your state’s website.

Most courses will also include an exam prep section where you can practice for the state licensing test.

After you complete your pre-licensing course, you can take the state licensing exam

Recalling: “How long does it take to get real estate license”

To be licensed as a real estate agent, you must pass the state licensing exam. Even if you have completed your coursework and feel ready to take the exam, it’s still important to study for it.

Most people need to spend time studying for the exam, because more than half of those who take it fail their first attempt. You can register to take the licensing exam online or in person (depending on what your state allows).

The exam includes multiple-choice questions about real estate topics that range from basic information such as definitions of terms and laws regulating real estate transactions to more advanced concepts such as how mortgages are processed and appraisals are set.

In addition, a large portion of the test covers real estate principles and practices that apply only within your state.

Taking an extra course or study program designed specifically for taking your state’s exam may help increase your chances of passing it on the first try by improving your knowledge of local laws and practices.

The cost varies by state but usually ranges between $100 and $300 for each attempt at taking the test.

Once you pass the state licensing exam, you must work with a licensed broker

Recalling: “How long does it take to get real estate license”

Once you submit your application and pass your state’s real estate licensing exam, you will have to work with a broker for a year before receiving your license.

Some states have different rules about who can help you get started in the business. In some states, like California, a real estate agent must be sponsored by an established broker.

In those cases, the broker often takes on more of a traditional management role and may guide you through the process of getting licensed while supervising your activities as you earn that license.

Other brokers may require that their agents work for three years before becoming independent agents.

In other states, like Texas, you are responsible for finding a broker to sponsor your application and provide supervision as required by law.

It is important to note that if you feel that your relationship with the brokerage company or agent does not meet your needs or is not working out well, you may also choose to change brokers at any time (while still under contract), which could take as little as one week to accomplish under certain circumstances.

After working with a broker for one year, you may apply for a broker’s license

Recalling: “How long does it take to get real estate license”

After working with a broker for one year, you may apply for a broker’s license. This license is not required to work as a realtor, but can open up opportunities to take on more responsibilities and earn more money.

The requirements to get a brokers license vary by state. You need at least three years of work experience in the real estate field, the ability to gain sponsorship by an existing broker or pass an exam that demonstrates your knowledge of the subject matter.

You are also required to complete continuing education credits throughout your career to keep your license active.

Earning a brokers license can make your resume stand out from other candidates and gives you the opportunity to specialize in areas like property management, commercial real estate and mortgage brokerage.

Nearly 4 million realtors were active in 2018

How long does it take to get real estate license? Getting the license is the way forward but consider the following statistics,

Let’s put those numbers into perspective.

  • Nearly 4 million realtors were active in 2018.
  • There was a healthy growth of 10 percent in the number of realtors between 2014 and 2018.
  • 70% of people who entered the field found it rewarding and claimed they would recommend it to others.

Getting and maintaining your license requires diligence and perseverance

Recalling: “How long does it take to get real estate license”

  • Getting your license requires diligence and perseverance.
  • Maintaining your license requires continued education in the form of continuing education courses.
  • Keeping your membership with the National Association of Realtors (NAR) is required to keep your membership with the local board of realtors.

How long does it take to get real estate license? I know you have the answer already. So, that is about the question: “How long does it take to get real estate license?”

Thanks!

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