Once you've submitted your application, your license will take between one week and two months to process. You have your license. But that might not mean you can start selling houses right away. Most states require you to work with a real estate broker who sponsors your first two to three years as an agent. A real estate brokerage is simply an agency or office where real estate agents work.
Because you'll likely need a brokerage to generate income, it's a good idea to find a broker before graduating from your training course. Here are a few things to consider when choosing a brokerage:. The brokerage you work for determines the type and volume of work you do, the training and mentorship you receive, and the company culture you're a part of every day.
Here are three common types of brokerages:. Smaller or local brokerages may provide personalized training and more room for growth and advancement. SaaS — or Software as a Service — has ushered in a new type of real estate brokerage that's entirely online.
Benefits of working with a virtual brokerage include higher commission splits more on that below , lower desk fees desk rent you pay to your brokerage , and better technology. Before accepting an offer from a brokerage, make sure you understand their commission structure.
Here are three common structures:. These plans are usually accompanied by low or no desk fees. These plans combine attributes of the two plans listed above.
Ask potential employers whether additional fees are taken out of your commission, so you understand exactly what you're signing up for. You've earned your license and found a sponsoring brokerage, so you're a realtor, right? Still kind of wrong. This designation is also required if you wish to participate in most Multiple Listing Services — also known as MLS — which allow you to see other realtor's listings. If you aren't a member of NAR, you claim the title of real estate agent and are legally able to work in the field, but your earning potential is limited without access to the MLS.
Getting your real estate license is a lot of work, so don't forget to renew it. Check your state's requirements to see when your license will expire. This is usually every two or four years. Many states require agents to complete a set number of course hours to be eligible for renewal — between 8 and 90 course hours every few years. These additional courses ensure you're up to date on the evolving national and state markets and regulations. Check with your state's licensing office to learn their renewal requirements so you're not scrambling to fit 90 hours of coursework into the four days before your license expires.
Becoming a real estate agent is a big decision requiring time, attention, and dedication. But the result is almost unlimited earning potential and the possibility of someday being your own boss — two things that make many salespeople tick. Realtor Alicia Turner offers this advice to new agents, "Success doesn't happen overnight, so stay committed and consistent — it'll definitely pay off! Get started today. This article does not constitute legal advice. The steps required to obtain a real estate license may differ from state to state, so you should seek your own legal advice to ensure you follow the correct process.
Here are some of the reputable real estate schools in Tampa. Tampa School of Real Estate is a South Florida based real estate school that offers real estate courses for individuals looking to become licensed Real Estate agents in Florida. TSRE was opened in and has grown to be one of the highest-ranked real estate schools in Florida, having educated over 15, individuals over the years. TSRE course programs are designed to fit the learning ability and schedule of students.
They offer in-person courses at their physical locations morning classes alone are available currently and online classes that can be accessed anywhere and at any time on their online platforms. Both the online and in-person programs provide students with the state-required hours of study and knowledge required to ace the licensing examination.
Experienced instructors are available to help and provide a better explanation when needed. Bob Hogue School of Real Estate trains lots of agents in Tampa, enjoys a reasonably good reputation, and even occasionally appears in local news coverage.
Bob Hogue, the founder, has had the privilege of training a lot of agents in Florida. And there are many reasons to choose the school he started, including the great instructors, flexible hours, affordable rates for in-person classes, and more. What you might not know is that they also offer continuing education to sales associates and real estate brokers.
They have expanded their education offering to also train real estate appraisers and community association managers. Bob Hogue fits into the latter category. They offer pre licensing and post licensing up-to-date courses through a user-friendly and interactive platform to a large volume of students in Florida.
MLS currently offers four pre licensing packages for Florida license aspirants. The basic package provides students with the necessary knowledge and requirements to sit for and pass the licensing examination. It includes the required 63 hours of pre licensing study, an instructor a licensed real estate agent , end-of-course practice and exam, certificate, seven days a week student support, and a student forum.
The passing package provides students with an exam prep master in addition to the basic package. The get it all package includes the passing package and the Florida real estate exam math cram, covering the mathematical knowledge needed to pass the licensing exam. The get it all plus audio package includes everything in the get it all package plus an audio course to help students study and understand better. RealEstateU is an online real estate institution based in Florida that offers real estate pre licensing courses and continuing education.
The school was founded in and today boasts of over 60, registered students under a decade. RealEstateU offers one package for the Florida real estate pre licensing course. The package includes audio courses, supporting documents, and a certificate of completion. This self-paced package helps meet the requirement and provides the knowledge to sit and pass the licensing exam.
The CE Shop is one of the most popular sources of real estate education in the country. Their courses are exclusively online and asynchronous.
When you sign up, you will be given the option to choose from a variety of packages at varying prices. The cheapest package offers basic education, while the more expensive packages include various perks and valuable advice that will help you get your career off the ground.
The school is known for providing exceptionally high pass rates. They also offer downloadable resources, career resources, a real estate glossary, digital flashcards and more. The CE Shop is a top contender for the best online real estate school. They have made lessons interactive and inquiry-based. You can self-pace and finish fast. Newly licensed agents must activate their salesperson license in order to start selling and get fully into the business. You can do this by registering under a licensed broker or brokerage.
To earn your real estate license in Colorado, you must be at least 18 years of age, register for hours of required education, submit to fingerprinting and a background check, complete your required education, register for and take the broker licensing exam, and find a sponsoring broker.
While the process to become a real estate agent is similar in most states, each state has unique steps that must be adhered to. The six steps to becoming a Colorado real estate agent are as follows:. Kaplan Real Estate Education offers four education options that fulfill the hour requirement. Learn more about DORA-approved education. The Colorado Bureau of Investigation CBI must receive your fingerprints and run a routine background check before the state grants you a license to sell real estate.
Because it can take several weeks to complete this process, you should start early. Call
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