With prospects of high earnings, flexible schedules, and the excitement of working in a dynamic market, there is always a desire to become a real estate agent. Popular real estate agents on YouTube like Erik Van Conover and Ryan Serhant have glamorized the profession to millions of young Americans.
However, as with any career path, your success in this real estate will hinge on the education and credentials that you acquire. While it’s not required to have a college degree, being able to complete some form of training is needed to stay relevant and thrive in this industry. So, what education is required to be a real estate agent?
What Type of Education Is Required to Be a Real Estate Agent?
Generally speaking, the basic educational requirement to launch a career in real estate is a high school diploma or an equivalent certificate. Then, there are certificates that you need to acquire before you can begin helping people buy and sell properties.
1. High School Diploma or Equivalent
As we previously implied, you don’t need to complete a college degree to become a real estate agent in the US. You only need a high school diploma or a General Educational Development (GED) certificate.
However, you should remember that not all states accept GED certificates if you don’t have a high school diploma. So, it’s important to visit your local real estate commission’s website to check their pre-requisites.
2. Pre-Licensing Real Estate Education Courses
Not only are these courses a prerequisite in the licensure, but they also give you foundational knowledge of how to do your job as an agent effectively. They cover essential topics that you need to understand before diving into the field. These topics include real estate laws, principles, and best practices - all of which are essential in navigating the complexities of the industry.
3. Real Estate Licensing Exam
Once you’ve completed the required courses and are confident in what you learned, you should apply to take the real estate licensing examination. You can do this at your state’s real estate commission office.
Note: Some states may not require applicants to have completed all the required pre-licensing education hours before applying for the exam. However, while this speeds up the time in earning your license, it poses the risk of you failing the exam.
4. Post-Licensing Education
Post-licensing education is additional coursework you’ll be required to take after you’ve acquired your license. It’s a mandate by the state to keep your license active.
This course applies what you learned from the pre-licensing courses through practical instruction. Typically, it covers areas, such as business planning, prospecting, marketing, and closing transactions.
Post-licensing education should be completed within your license’s first renewal period, unlike continuing education which must be completed during the subsequent renewal periods.
The length of time to complete the course depends on the state you’re in. But generally, it can range from 40 to 180 hours.
5. Additional Requirements
Background Check
This process is part of the licensing procedure, though the timing and specific requirements can vary by state. During this step, your state agency would conduct the following:
- Sex offender registry searches
- Driving history checks
- Alias checks
- Address history checks
- Employment verifications
- Reference checks
- License/certification verifications
Broker Affiliation
In most cases, you have to be hired by a sponsoring broker to activate your license. New agents will find it difficult to offer their services without the backing of an experienced realtor or company.
Getting Your Real Estate License in 5 Steps
Step 1: Familiarize Yourself with Your State’s Real Estate Licensing Qualifications
The laws governing real estate licensures can vary from one state to another. Thus, it’s important to understand the precise requirements of the location where you plan to practice. By doing so, you’ll be well-prepared to proceed with the licensing process.
Step 2: Find a Good Real Estate Pre-Licensing Program in Your State
Most states require a certain number of classroom hours before you can take the real estate licensing exam. These pre-licensing courses cover essential information that you need to start your career, from the fundamentals to creating contracts.
Choosing a reputable and accredited real estate school ensures you receive a quality education that meets your state’s industry standards.
Step 3: Submit Your Application to do the Real Estate Examination
Once you’ve completed your pre-licensing education, it’s time to submit your application to take the exam. Typically, applications require a fee, ID verification, and proof of education, so make sure to have these ready.
Step 4: Pass the Real Estate Salesperson Examination
Passing the real estate exam is a critical step to becoming a licensed agent. The test typically assesses your understanding of industry principles and practices as well as state-specific laws and regulations.
In case you fail the exam, you’ll be given the chance to re-take it. However, your state might have unique rules regarding how many times you can do it, so make sure to ace it the first time!
Step 5: Find a Reputable Real Estate Brokerage to Work For
Once you pass the exam, you still need to affiliate with a licensed real estate brokerage. They’ll provide you with the guidance and practical experience to give your career a steady start with a solid foundation.
When choosing a broker, you should look into their experience to maximize your learning and knowledge. Also, remember that not all brokers are created equal in terms of reputation. Working with one that has a good standing in the industry will give a boost to your credibility!
Other Education and Training Programs for Real Estate Agents
Apart from the requirements listed above, there are also other educational and training programs that you can take to boost your skills and knowledge as a real estate agent.
Industry Seminars and Workshops
Real estate workshops and seminars will keep you updated on industry trends, legal developments, and other information that you can use to stay ahead of the curve. Facilitated by seasoned professionals, these trainings will give you invaluable insights and practical perspectives that you can use to grow as a professional.
Coaching Programs
For new agents, real estate coaching programs provide opportunities to receive support and guidance from icons of real estate who are already seeing massive success in the industry. The set of skills and knowledge that you gain from these programs are endless. By completing one, you’ll be more equipped to market yourself as a trusted agent, attract more quality leads, and ultimately bring your business to success.
NAR Affiliate Courses
National Association of Realtors (NAR) courses not only expand your knowledge base but also educate you on the ethical and professional standards expected of agents in the US. By completing these courses, you’ll be acknowledged as an agent with the necessary expertise in various real estate niches.
FAQs
This varies based on the course you take. But generally, it would take four to six months.
Depending on the state where you want to practice, getting a real estate license would cost $400 to $1,000.
No, you can’t. However, state laws don’t prevent property owners from selling on their behalf.
Most prospective agents who took the exam found it challenging, with passing rates of just a little more than half of the examinees in most states. The reason for making the test difficult is to weed out those who are not serious about becoming an agent.
According to Indeed, the average base salary of agents in the country is $98,242 per year.
Learn How to Be a Great Real Estate Agent at ICONS of Real Estate
Now that you know what is required to get you into the real estate door, you might want to consider learning how to succeed and thrive in the profession. Real estate is a constantly evolving and highly competitive industry. Learning never stops!
ICONS of Real Estate offers transformative growth opportunities for real estate agents aiming to elevate their careers and businesses. We empower agents with the knowledge and tools needed for success in the property industry.
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If you desire to be a real estate powerhouse in your local market ICONS of Real Estate presents a platform for professional development and networking. For more information schedule a call with one of our representatives today.