What Education Is Required to Be a Real Estate Agent? Career Guide

Real estate agents are professionals who help clients buy, sell, or rent properties.

REAL estate agent
Real Estate Agent | Investopedia

They work with larger brokers, but often generate their own leads.

Professional freedom makes this an ideal career for self-motivated people with strong communication skills.

But how do you become a real estate agent?

What kind of education do you need?

And do you need a college degree to succeed in this field?

In this article, we will answer these questions and more.

We will cover the basic qualifications, the pre-licensing courses, the licensing exam, and the continuing education requirements for real estate agents in the United States.

Basic Qualifications

The first step to becoming a real estate agent is to meet the basic qualifications set by your state.

These may vary slightly depending on where you live, but generally, you need to:

1.Be at least 18 years old (or 21 in some states)
2.Have a high school diploma or GED
3.Be a legal U.S. resident
4.Pass a background check and fingerprinting
5.Have no criminal history that would prevent you from obtaining a license

You can research your state’s specific requirements by visiting the Association of Real Estate License Law Officials (ARELLO)’s regulatory agency directory┬╣.

Pre-Licensing Courses

The next step is to complete the pre-licensing education required by your state.

This is usually a series of courses that cover topics such as real estate law, ethics, contracts, finance, marketing, and appraisal.

The number of hours and the cost of the courses vary by state, but they typically range from 20 to 200 hours and from $200 to $1,000.

You can take the courses online or in-person at an accredited real estate school.

Some states may waive the pre-licensing education requirement if you have completed law school or passed the bar exam.

You can check with your state’s real estate commission to see if you qualify for an exemption.

Licensing Exam

After completing the pre-licensing courses, you are eligible to take the licensing exam in your state.

The exam consists of multiple-choice questions that test your knowledge of national and state-specific real estate principles and practices.

The exam fee and the passing score vary by state, but they typically range from $50 to $150 and from 60% to 75%. You can take the exam at a designated testing center or online with a proctor.

If you pass the exam, you can apply for your real estate license with your state’s real estate commission.

You will need to pay an application fee and submit proof of your education and background check.

You will also need to find a sponsoring broker who will supervise your activities and provide you with training and support.

Continuing Education

Once you obtain your license, you are not done with your education.

You will need to complete continuing education courses every year or every two years to renew your license and stay updated on the latest laws and trends in the industry.

The number of hours and the cost of the courses vary by state, but they typically range from 8 to 24 hours and from $50 to $200.

You can take the courses online or in-person at an approved provider.

Some states may also require you to take post-licensing courses within your first year or two of becoming a licensed agent.

These courses are designed to help you transition from a student to a professional and enhance your skills and knowledge.

Do You Need a College Degree?

The short answer is no. You do not need a college degree to become a real estate agent.

become a real estate agent
Become a real estate agent | MBITION

However, having a degree may give you some advantages in this competitive field.

A college degree can help you develop valuable skills such as communication, research, analysis, problem-solving, and critical thinking.

It can also help you gain more knowledge about business, finance, marketing, or other related fields that can benefit your career as a real estate agent.

Additionally, having a degree may make you more attractive to potential clients and employers who value education and professionalism.

It may also open up more opportunities for advancement in the industry, such as becoming a broker or a manager.

Therefore, while a college degree is not required, it may be helpful if you want to stand out from the crowd and achieve greater success as a real estate agent.

How long does it take to get a real estate agent Licence?

The time it takes to become a licensed real estate agent depends on several factors, such as the state you live in, the number of hours of pre-licensing education required, the availability of exam dates, and the pace of your learning.

According to the web search results, the average time it takes to complete the required courses and pass the licensing exam is between four to six months.

However, some online courses may allow you to finish faster, in as little as eight weeks.

You should check with your state’s real estate commission to find out the exact requirements and options for your

license.

Conclusion

Becoming a real estate agent is a great option for those who want to help people buy, sell, or rent properties.

Real estate agents need to have a high school diploma or equivalent, complete a pre-licensing course, pass a state exam, and work under a licensed broker.

Some states may also require additional education or experience.

Real estate agents can earn commissions based on the sales they make, and enjoy flexible schedules and opportunities for growth.

If you are interested in becoming a real estate agent, follow these six steps to start your career today.

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