Know how to get your real estate license once and for all!

Are you considering a career in real estate? Becoming a licensed real estate agent or broker is essential to achieving your goals.

However, obtaining a real estate license can vary depending on your state’s requirements. This guide will walk you through the steps and legal prerequisites to get your real estate license. So, let’s dive in!

Understanding Real Estate Licensing

Before we delve into the specifics, it’s essential to understand the significance of obtaining a real estate license. A real estate license ensures that professionals in the industry possess the necessary knowledge and skills to provide quality service to clients while complying with ethical standards.

In most states, there are two main types of real estate licenses: the salesperson license and the broker license. A salesperson license allows you to work under the supervision of a licensed broker, while a broker license allows you to work independently and supervise other agents.

Research Your State’s Requirements

The first step to obtaining your real estate license is to research the specific requirements your state’s real estate regulatory office sets. Each state has rules, regulations, and examinations for obtaining a license. Here are some key factors to consider:

1. Age and Education Requirements: Most states require applicants to be 18 years old and possess a high school diploma or equivalent.
2. Legal status: You must be a U.S. citizen, a permanent resident (a Green Card holder), or just have legal authorization to work in the U.S.
3. Pre-Licensing Courses: Completing pre-licensing courses is a mandatory requirement in many states. These courses cover essential topics such as real estate law, ethics, contracts, and property management. The number of required course hours varies by state.
4. Licensing Exams: After completing the pre-licensing courses, you must pass the licensing exam. The exam typically consists of a national portion covering general real estate principles and practices and a state-specific section that tests your knowledge of local real estate laws.
5. Application Process and Fees: You need to apply to your state’s real estate regulatory agency after you pass the exam. The application process usually involves providing documentation, paying the required fees, and undergoing a background check.

Continuing Education: To maintain your real estate license, most states require you to fulfill continuing education requirements. These continuing education courses help you stay updated on industry trends, changes in laws, and best practices.

Pre-Licensing Courses

You must complete pre-licensing courses from an accredited real estate licensing school. These courses aim to equip you with the knowledge and skills necessary for success in the real estate industry. There are several options for completing these courses:

1. Online Pre-Licensing Courses: Many states offer online pre-licensing courses, allowing you to study at your own pace. These courses provide flexibility and convenience, making balancing your studies with other commitments easier.
2. In-Person Real Estate Schools: Brick-and-mortar real estate schools offer in-person classes taught by experienced professionals. This option allows direct interaction with instructors and fellow students, fostering a collaborative learning environment.
3. Community Colleges: Some community colleges offer real estate classes that fulfill pre-licensing requirements. These courses are often more affordable than other options and provide access to resources available at the college.

Although one of the objectives of these courses is to provide you with the ability to pass the exam, sometimes they are not enough, and this is when Lexawise comes into play. With our resources, we guarantee you will pass the exam with flying colors.

Taking the Licensing Exam

Once you have completed the pre-licensing courses, you must prepare for and take the licensing exam. An authorized testing provider will typically administer the exam. Here are some key points to keep in mind:

1. Exam Preparation: It’s essential to prepare for the licensing exam thoroughly. Use exam prep materials and resources, such as practice exams and study guides, to familiarize yourself with the content and format of the exam. Here at Lexawise, we provide all those resources and more.
2. Exam Registration and Scheduling: Your real estate school or testing provider will instruct you on registering for the exam. Pay attention to the registration deadlines and specific requirements, such as identification documents.
3. Exam Format and Scoring: The licensing exam is usually multiple-choice and computerized. Each section is scored separately, and you must achieve a passing grade on both the national and state-specific sections to pass the exam. If you fail one section, you may need to retake that portion.
4. Retaking the Exam: Stay positive if you don’t pass the licensing exam on your first attempt. Each state has its own rules regarding retakes, including waiting periods and the maximum number of tries allowed. Take advantage of the feedback from your initial attempt to focus your study efforts and improve your chances of success.

Applying for Your Real Estate License

Once you have passed the licensing exam, it’s time to apply for your real estate license. The application process differs slightly from state to state, but here are the general steps to follow:

1. Complete the Application: Fill out the real estate license application form provided by your state’s regulatory agency. Ensure that all required information is accurate and up to date.
2. Provide Documentation: Attach any necessary documentation to your application, such as proof of completing pre-licensing courses, passing the licensing exam, and fulfilling background check requirements. Make sure to follow the specific requirements outlined by your state.
3. Pay the Application Fee: Include the required application fee with your submission. The fee amount varies by state and covers the administrative costs of processing your application.
4. Background Check: In many states, a background check is a mandatory part of the application process. This check typically involves fingerprinting and screening applicants to prevent those with convictions from disqualifying offenses.
5. License Issuance: Once your application is approved, your state’s regulatory agency will issue your real estate license. You will receive your license certificate, and your name will be listed as a licensed real estate agent or broker on the agency’s website.

Continuing Education and License Renewal

To maintain your real estate license, you must fulfill continuing education requirements. Continuing education courses help you stay informed about industry developments, changes in laws, and best practices. Here’s what you need to know:

1. Continuing Education Hours: Each state has specific requirements for the number of continuing education hours you must complete within a designated time. They typically divide these hours into different topics or categories.
2. Course Selection: Choose continuing education courses that align with your interests, career goals, and your state’s specific requirements. Ensure you choose courses from accredited providers that your state’s real estate regulatory agency approves.
3. License Renewal: To renew your real estate license, you must submit a renewal application and any required fees and documentation. The renewal period and associated costs vary by state, so staying informed and submitting your renewal application on time is essential.

Conclusion

Obtaining your real estate license is an exciting and rewarding journey. You can embark on a successful career in real estate by understanding your state’s requirements, completing pre-licensing courses, passing the licensing exam, and applying for your license. Stay informed about continuing education requirements and maintain your license to ensure professional growth and success.