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Acquiring a License in Real Estate and What to Do After

To cut to the chase, before you can get your own real estate license, you need to take a pre-licensing course that will take you more or less 63 hours to finish. You can finish such course the traditional way from your local community college or take online courses while at the comfort of your own home. If you take the former, the course can take you between 4 and 6 weeks to finish because of scheduling. With online classes, though, your pacing is what matters. If you can, the entire course can easily be finished in a week.

Each state or country will have their own requirements in getting a license in real estate. In terms of general requirements, you should have a GED or a high school diploma and must be 18 years of age to get your real estate license. Educational requirements include completing the 63-hour pre-licensing course and passing it. For the exam and application requirements, you should have your accomplished license application form submitted along with your fingerprints and any associated fees. You should either pass your real estate associate state exam with a score of 75 out of 100 or pass your real estate law exam with a score of 30 out of the 40 total points. After passing, you then activate your license using DBPR proper forms with your real estate broker or you can just have it activated online with your broker.

These are basically the steps that you have to take in order for you to get your real estate license per state or country basis. They may sound easy upon reading; however, the amount of study and exam that you will take should be taken seriously. Before obtaining a real estate license, it would be to your benefit if you do some online searching. When you are really a hundred percent sure to make a career change, then you have made a good decision.

And so, what must you do now that you have obtained your real estate license?

Of course, as mentioned above, after you have gotten your real estate license, you should be able to activate it with a broker. And after that will be the part where you have to determine what path you will be taking in real estate. Each company in real estate will have their own splits, options, training, fees, and more to choose from.

If you are thinking of becoming a property manager, you have to do some searching of local property management companies. You can join them or join some national property management companies. Being part of these companies allow you to attain more knowledge and experience in various aspects of property management, most especially the legal ones. You can also engage in luxury real estate after getting your license. These are houses that start at a price of a million and more. Of course, you can benefit from engaging in this are since you will earn more money per transaction. Meanwhile, if either of these options do not appeal to you, you can always start the traditional way in real estate by becoming a real estate agent.