4 Steps To Becoming A Licensed Real Estate Professional

Written by on June 15, 2013 in Career - No comments | Print this page

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examA lot of young people want to enter the world of real estate because working as a professional in the field can be very lucrative.

Real estate professionals do obtain a significant compensation for every property that they put on the market, which means that they could receive a sizable amount if they are able to sell a pricey house.

The profession really sounds attractive, but it’s not that easy to become an expert. Proper education and training are needed, and then a person also has to get a license.

If you’re one of those who dream of becoming a success in the real estate business, there are a few steps to take in order for you to become a licensed professional. Below are a few points to consider.

1. Know the Licensing Requirements

Basic requirements include being at least 18 years old and other educational and experience requirements. Before you go ahead and enroll in a school or program, find out the specific licensing requirements in your state.

Each state has more or less the same list of requirements, but there might be a few differences. You have to meet the requirements of the state where you want to work in. Because requirements are state-specific, this means that even though you meet the conditions in one state, you might not in another.

It is easy to get info through the USA.gov site. Look for the realty regulation board page or the Department of Real Estate page. Here, you’ll know what sort of certifications or approval you need if you wish to enroll in real estate school.

You will probably be obligated to register with the DCP or the Department of Consumer Protection too, which is an organization that protects people and businesses from unsafe practices and products.

2. Choose a State-Approved School

There are so many real estate schools today, and it can be hard to choose one. When you do have to select a school, make sure to enroll in an academic institution that is approved by the state. Going to an unaccredited school may prohibit you from taking the licensing exam.

What about online schools? Well, there are also several recognized online schools that offer real estate courses. It is acceptable to enroll in an online course as long as the academic institution is certified by the government or state.

3. Finish Your Pre-License Course and Training

You need to successfully finish a pre-license course and accomplish a specified number of training hours before you’ll be allowed to take the real estate examination.

In school, you’ll know more about credit scores, real estate auctions, foreclosures, and everything that has something to do with real estate, including the ethics that is generally practiced by those who work in the field.

4. Take the Licensure Exam

Once you finish all the pre-license requirements, you can then take the examination. If you are pretty confident about reviewing on your own, you can do that. But if you need help, you can also enroll in review classes.

It’s also important to take as many practice tests as you can, especially those that simulate the real exam. This will allow you to get a feel about how the real test goes. Once you have taken the examination and you’ve passed, you’ll also be required to pay for your license. Fees vary according to state.

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The writer, Claire Flint, specializes in real estate concerns. Some of her articles have been used by business sites, like www.brooklynrei.com.

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