Real estate is a promising industry that can lead you to a satisfying career if you dedicate your efforts, time and energy. However, you can only practice freely and get customers to build your portfolio if you have a state license. Obtaining a license is not hard if you meet all the state requirements.
Requirements for Licensing
The general requirements for obtaining a state real estate agent license include:
- You should be over the age of 18. If you are 18 years and above, you can start processing your license as soon as you want.
- You must be a US citizen and a resident of the state where you wish to acquire license of practice.
- You should disclose any past criminal convictions if you have ever been jailed. Also you are required to disclose and disciplinary complaints that have ever been raised against you.
Before getting a license as a real estate agent, you must undergo necessary college training. The course work should cover principles and practice of real estate sales. You could study courses related to business laws, property management, escrows, real estate appraisal, real estate finance, real estate economics among others.
After undergoing the required number of hours for course training, you must sit for and pass the state real estate examinations to qualify as an agent. The state exams seek to know whether you are familiar with real estate laws and regulations that pertain to that specific state. This is because you will be required to abide by those laws while exercising your duties as a realtor.
If you meet all the above requirements, you are eligible for a real estate state license. Having a license will make it easier for you to get clients at the field. Most property buyers and sellers will seek to know whether you have a license before they contract you.
The process of acquiring a license or renewing one may take one or two years. You cannot sit around for all this period waiting for a license. As you await your license, start practicing with an established brokerage firm to learn the ins and outs of being a real estate agent. Also, learn how to get clients and real estate negotiations. When you finally get a license, you can practice at a fully fledged real estate agent or start your own real estate company.