Becoming a licensed real estate broker enables you to have your own brokerage firm. A license also enables you to hire sales agents to work for your firm. To get a license, you must meet the requirements established by your state's real estate commission, which is responsible for overseeing and issuing licenses to real estate professionals. Operating as a broker without a proper license can result in fines and penalties.
Check on the minimum age requirements established by your state's real estate commission. For instance, Ohio has a minimum age requirement of 18. Illinois has a minimum age requirement of 21.
Take and pass real estate courses through a training center approved by your state's real estate commission. The exact hour requirement for your courses will vary by state. Ohio requires a minimum of 240 class hours. Illinois requires a minimum of 90 class hours. Texas requires 270 classroom hours. Examples of courses you should take include real estate law, business law, real estate principles and practices and real estate appraisals.
Gain experience working as a real estate salesperson. The exact amount of experience needed varies by state. Ohio requires a minimum of two years sales agent experience during the past five years. Florida requires at least one year of experience during the past five years. Texas requires four years of sales person experience over the previous five years.
Complete an application to take the state broker examination. Submit the application, along with the required processing fee, to the address on the application. Depending upon your state, you may also be required to consent to a criminal background check and fingerprinting.
Take and pass the broker exam on your scheduled exam date. Upon passing the exam, you will receive your broker license.
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