Due to the fact I just began to add entries into my Real Estate License Training Journal, I am still covering the basics of obtaining a real estate license. In this entry, I will get into the specifics of how to get a real estate license online.
Before you can even take the real estate license exam, you must complete mandatory training. Depending on your state, that training can be anywhere from 50 hours to over 200 hours. In my home state of California, the training is 135 hours and the real estate pre-license training counts as 9 college level semester credits.
In most states you have the option to either take your pre-training in a classroom setting or by using an online course provider. The decision to go with an online or classroom based course is a personal one, but for my needs, I decided to go with an online provider. Seeing as though you’re reading an article about how to get a real estate license online, chases are you feel the same way. You can see which online course provider I chose along with other course providers I considered here.
Even after you have obtained your real estate license, the training doesn’t end there. Most states require 20+ hours of education and sometimes taking exams to keep their license valid.
During your pre-license training, you will be required to complete all classroom (or online) training requirements, pass all quizzes, exams, and finally you will need to pass a final exam. Once those tasks have been completed, you are able to take the official exam.
It varies by state, but real estate exams in most states are between 1 and 4 hours. The minimum passing percentage is usually in the 70% or 75% range. Your pre-license training should have you prepared for the real estate license exam as the exam is based off of the very topics you will be learning about.
Many of you are probably wondering if the exam is hard. Well, I haven’t taken it yet (I’ll write about it when I do), but from what I’ve heard it is a pretty difficult exam. Many people seem to be surprised at the difficulty. Not only is there a lot of information to memorize, but much of it is legal stuff and other “boring” topics. This leads to pass rates of about 50% in many states.
Scared yet? Me too!!
If you happened to fail your real estate license exam, it isn’t the end of the world, but most states require that you take some time before you can retake the exam. Usually this is in the 30 to 40 day period in most states. You will also need to pay a fee each time you retake the exam.
When you do pass, you will be given an application to submit in order to obtain your real estate license. You may also need to have a background check performed on you and you must meet all of the minimum requirements to obtain a real estate license. The application should be filled out completely, at which point, it will be reviewed. As long as you meet all of the qualifications, you will be issued your real estate license!
In most states, you will need to renew your real estate license every 2 to 4 years. Depending on your state, this could mean anything from resubmitting a form to undergoing additional training hours and possibly even an exam to pass.
Once you’ve obtained your real estate license, you must work under the supervision of a real estate broker. A broker will need to sponsor you before your license will even be considered active. I don’t have any experience in finding a broker yet, but from what I understand, finding a broker is pretty easy but finding a GOOD broker is tough. I’ll get into this in a future journal entry when I learn more about it.
So, there’s the short and simple explanation for how to get a real estate license online. The process itself seems pretty straightforward to me, but actually accomplishing all of the studying, prepping, and finally taking that big exam seems like a very daunting task. Maybe I’m not the only one who feels this way? Anyone?
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