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Working in the property market offers a dynamic work environment with enough room for growth as you build your brokerage business. However, before you do anything else, you must first get a practicing license. It is a legal requirement that allows you to manage and sell property while also providing professional help to investors looking for opportunities in the property market.
For those looking to switch careers or work as realtors, you are in the right place.
Herein, we explain all the steps to get your realty license online. This guide will also include tips on selecting a pre-licensing program and the costs involved.
Understanding the Basics
The process and prerequisites for getting a realtor's license vary, depending on the state. In some states, you must have a high school diploma, while in others, like NY, it isn't a requirement. Visit your state's department website and check the requirements before you enroll in a course.
The next thing is looking for a pre-licensing program. It is a state-mandated course covering property laws, contracts, ethics, and other essential topics. Online courses offer various benefits, especially if you have limited time to attend in-person classes.
How to Choose a Pre-Licensing Program
There are many schools offering realtor courses online. Start your search by identifying reputable online realty schools like RealEstateU that are approved by your state's realtor’s commission. Also, take your time and look for reviews and testimonials from students who have used the program.
Focus on the pass rate, instructor quality, and materials provided in the course. Have a budget ready, but don't select a course based on money alone. The best course should complement your learning style and provide adequate learning materials, forexample quizzes and practice tests.
Prepare For the State Exam
Exams will test you on how well you understand the course content. Most states offer the exam online through examining partners like PSI and Pearson VUE. Ensure that you prepare well for the exams before registering.
You can buy a preparation course or hire a professional tutor to help you during revision. Another cheaper option would be looking for free practice tests online to gauge your understanding. Also, don’t forget to download the candidate's handbook.
It has all of the exam rules and regulations, including steps to follow when registering for the test.
Apply for Your License
You will get your results after completing the test. You can retake the exams if you have failed, but you must repay the registration fee and schedule a new exam date.
However, you can submit your license application if you have passed the test.
The process is easy and is done online in most states. The state will run background checks to ensure that you don’t have a checkered past. If you had prior criminals with the law, the state’s realtor’s commission will review your case before providing the way forward.
Wrapping Up
With your license in your pocket, it is time to find a sponsoring broker to take you under their wing. Their role is to mentor and guide you as you begin your career as a property market agent or salesperson.