Whether you are interested in residential sales, commercial properties, or property management, getting your real estate license is essential to finding success in the industry. Regardless of the real estate sector you choose, it is crucial to understand the time commitment required to earn your real estate license. The entire process can take anywhere from eight weeks to six months, depending on your learning pace and time allocation, and state requirements vary from 60 to 180 hours of coursework in preparation for the exam.
Understanding the following framework for how to obtain your real estate license will help you begin your career in this compelling industry.
Step 1: Research your state’s requirements
While some federal laws affect real estate transactions, most regulations involve state laws and local government ordinances. This means each state has different requirements for obtaining your real estate license. We recommend researching these specifications on your state’s real estate commission or Department of Real Estate website. For example, most states require that the applicant be at least 18 years old.
Pre-licensing education helps you understand the real estate industry and prepare for the exam. The courses cover various topics, including real estate principles and practices, law, property management, mathematics, agency relations, appraisals, and advertising. It is worth noting that the overall format of these courses varies by state and provider. The course structure can be in-person or online based on preference and state regulations. Check with local real estate schools, professional organizations, or commissions to determine which provider best suits you.
If you prefer in-person learning, we recommend searching “[your state] realty school” or “realty school near me.” If you prefer virtual classes and self-paced courses, the following are four of the top online real estate schools:
As is standard for most education providers, you must demonstrate your knowledge of the course materials through a proctored exam, which evaluates how to obtain your real estate license. Studying and preparation are essential to ensure you pass the exam. Stay organized with your course materials, understand the exam format, and practice regularly.
Once you pass the pre-licensing course exam, you can apply to take your state exam. Verify that you meet all eligibility requirements, and assess how to obtain your real estate license through your state’s commission. Visit your state’s Real Estate Commission website to find the application form. After submitting your application and documentation, wait for approval of eligibility and continue to study for your exam. Once approved, schedule your exam. Arrive at least 30 minutes early and provide the proper identification and documentation.
If you pass, you will receive instructions on the next steps to get your real estate license. If you do not pass, the best way to get your real estate license is to review the topics you struggled with during the test, study, and retake the exam.
The real estate license exam tests your understanding of real estate principles and regulations. The exam’s difficulty depends on individual preparation, familiarity with the subject matter, and test-taking skills. We recommend you have a strong knowledge of the content before taking the exam. The overall pass rate for first-time test takers varies from state to state; however, according to The CE Shop, the national average is 52%.
Here’s what you can expect:
We get it. This may all seem overwhelming at first, but don’t worry. With the proper education and preparation, you will be well-prepared to pass this exam.
After passing the real estate license exam, you must submit your application for your license. This application comprises proof of passing, a completed background check, and paid licensing fees. Depending on your state’s regulations, you may be required to initially work under the supervision of a broker for a specific period. This sponsoring broker will activate your license upon completing their training and orientation.
Activating your real estate license requires additional documentation and fees. For specific details, refer to your state’s real estate commission. It’s always best practice to complete post-licensing education to stay current with industry trends and state laws.
Upon obtaining your real estate license, there are a variety of positions to consider pursuing:
Discover New Home Star’s comprehensive sales training programs and dynamic real estate professionals network, designed to help you succeed in the industry. Whether you have obtained your license or are starting your real estate journey, learn more about our career opportunities and apply today!