What Education is Required to Be a Real Estate Agent

In order to become a licensed real estate agent in the United States, you will need to complete a pre-licensing education course and pass a state licensing exam. The specific requirements for pre-licensing education vary from state to state, but most states require between 60 and 180 hours of coursework.

While a college degree is not required to become a real estate agent, it is becoming increasingly common for real estate agents to have a bachelor’s degree. A degree in business, finance, or marketing can be particularly helpful for real estate agents, as it can provide them with the skills and knowledge they need to be successful in their careers.

Essential Steps to Becoming a Licensed Real Estate Agent

Here are the general steps to becoming a real estate agent:

  • Meet the minimum age and residency requirements for your state.
  • Complete a pre-licensing course.
  • Pass the real estate license exam.
  • Activate your license with the state.
  • Join a brokerage firm.

Steps to Become a Real Estate Agent

1. Pre-licensing courses

Pre-licensing courses cover a variety of topics related to real estate, such as real estate law, ethics, and practice. You can take pre-licensing courses online, in person, or through a combination of both.

2. Real estate license exam

The real estate license exam is a standardized test that covers the same topics as the pre-licensing course. You must pass the exam in order to obtain your real estate license.

3. Activating your license

Once you have passed the real estate license exam, you must activate your license with the state. This process typically involves paying a fee and submitting an application.

4. Joining a brokerage firm

Once you have your real estate license, you need to join a brokerage firm. A brokerage firm is a company that employs real estate agents. Brokerage firms provide agents with support and resources, such as office space, marketing materials, and training.

Education requirements for real estate agents vary from state to state

  • Alabama: 60 hours of pre-licensing education
  • Alaska: 90 hours of pre-licensing education
  • Arizona: 90 hours of pre-licensing education
  • Arkansas: 60 hours of pre-licensing education
  • California: 135 hours of pre-licensing education
  • Colorado: 168 hours of pre-licensing education
  • Connecticut: 75 hours of pre-licensing education
  • Delaware: 60 hours of pre-licensing education
  • Florida: 63 hours of pre-licensing education
  • Georgia: 75 hours of pre-licensing education
  • Hawaii: 120 hours of pre-licensing education
  • Idaho: 90 hours of pre-licensing education
  • Illinois: 75 hours of pre-licensing education
  • Indiana: 60 hours of pre-licensing education
  • Iowa: 60 hours of pre-licensing education
  • Kansas: 60 hours of pre-licensing education
  • Kentucky: 60 hours of pre-licensing education
  • Louisiana: 90 hours of pre-licensing education
  • Maine: 75 hours of pre-licensing education
  • Maryland: 60 hours of pre-licensing education
  • Massachusetts: 75 hours of pre-licensing education
  • Michigan: 40 hours of pre-licensing education
  • Minnesota: 60 hours of pre-licensing education
  • Mississippi: 60 hours of pre-licensing education
  • Missouri: 60 hours of pre-licensing education
  • Montana: 60 hours of pre-licensing education
  • Nebraska: 60 hours of pre-licensing education
  • Nevada: 90 hours of pre-licensing education
  • New Hampshire: 60 hours of pre-licensing education
  • New Jersey: 75 hours of pre-licensing education
  • New Mexico: 60 hours of pre-licensing education
  • New York: 75 hours of pre-licensing education
  • North Carolina: 75 hours of pre-licensing education
  • North Dakota: 60 hours of pre-licensing education
  • Ohio: 120 hours of pre-licensing education
  • Oklahoma: 60 hours of pre-licensing education
  • Oregon: 90 hours of pre-licensing education
  • Pennsylvania: 75 hours of pre-licensing education
  • Rhode Island: 60 hours of pre-licensing education
  • South Carolina: 60 hours of pre-licensing education
  • South Dakota: 60 hours of pre-licensing education
  • Tennessee: 90 hours of pre-licensing education
  • Texas: 180 hours of pre-licensing education
  • Utah: 90 hours of pre-licensing education
  • Vermont: 60 hours of pre-licensing education
  • Virginia: 60 hours of pre-licensing education
  • Washington: 90 hours of pre-licensing education
  • West Virginia: 60 hours of pre-licensing education
  • Wisconsin: 75 hours of pre-licensing education
  • Wyoming: 60 hours of pre-licensing education

Benefits of having a college degree as a real estate agent

  • Increased earning potential. Real estate agents with a college degree typically earn more money than those without a degree. According to the Bureau of Labor Statistics, the median annual salary for real estate agents with a bachelor’s degree was $41,680 in 2020, compared to $31,480 for those without a degree.
  • More job opportunities. Many real estate firms prefer to hire agents with a college degree. This is because a college degree demonstrates that an agent has the necessary skills and knowledge to be successful in the real estate industry.
  • Greater credibility with clients. Clients are often more likely to trust and respect real estate agents with a college degree. This is because a college degree shows that an agent has a strong academic background and is committed to their profession.
  • More opportunities for advancement. Real estate agents with a college degree are more likely to be promoted to management positions or to start their own real estate brokerage firm. This is because a college degree demonstrates that an agent has the leadership and business skills necessary to be successful in these positions.

Conclusion

While a college degree is not required to become a real estate agent, it can offer a number of benefits, including increased earning potential, more job opportunities, greater credibility with clients, and more opportunities for advancement. Additionally, a college degree can provide real estate agents with specific skills and knowledge that can be helpful in their careers.

Frequently Asked Questions (FAQ)

What degree do most real estate agents need?

Most real estate agents do not need a college degree. However, some states may require high school coursework in real estate or related fields. In New York, you must have a high school diploma or equivalent and complete 75 hours of pre-licensing courses in real estate.

What do you need to become a real estate agent in North Carolina?

To become a real estate agent in North Carolina, you must be at least 18 years old, have a high school diploma or equivalent, and complete 75 hours of pre-licensing education. You must also pass the North Carolina Real Estate Exam.

Do you have to go to college to be a real estate agent in Texas?

You do not need to go to college to be a real estate agent in Texas. However, you must be at least 18 years old, have a high school diploma or equivalent, and complete 180 hours of pre-licensing education. You must also pass the Texas Real Estate Salesperson Exam.

Do you need a college degree to be a real estate agent in New York?

No, you do not need a college degree to be a real estate agent in New York. However, you must have a high school diploma or equivalent and complete 75 hours of pre-licensing courses in real estate.

How long does it take to become a real estate agent in New York?

It takes about six months to become a real estate agent in New York. This includes the time it takes to complete the pre-licensing courses, pass the real estate exam, and find a sponsoring broker.

How to start a real estate career in New York?

To start a real estate career in New York, you must first complete the pre-licensing courses and pass the real estate exam. Once you have your license, you need to find a sponsoring broker. A sponsoring broker is a licensed real estate broker who will supervise you and help you get started in your career.

How much do beginner real estate agents make a month in New York?

The average salary for beginner real estate agents in New York is about $7,500 per month. However, your earnings will vary depending on your experience, the type of real estate you specialize in, and the market you work in.

How much does real estate school cost in NY?

The cost of real estate school in New York varies depending on the school you choose. However, most pre-licensing courses cost between $500 and $1,000.

How much does a beginner real estate agent make in New York?

The average salary for beginner real estate agents in New York is about $90,000 per year. However, your earnings will vary depending on your experience, the type of real estate you specialize in, and the market you work in.

What do most realtors make their first year?

Most realtors make between $30,000 and $50,000 their first year. However, some top-performing realtors make over $100,000 their first year. Your earnings will vary depending on your work ethic, marketing skills, and the market you work in.

How to make $100,000 your first year in real estate?

To make $100,000 your first year in real estate, you need to be very hardworking and effective at marketing yourself and your services. You should also focus on working in a high-priced market. Here are some tips for making $100,000 your first year in real estate:

  • Work with a mentor who can teach you the ropes and help you get started.
  • Specialize in a particular type of real estate, such as luxury homes or investment properties.
  • Target a high-priced market.
  • Network with other real estate professionals, such as mortgage lenders and title companies.
  • Market yourself effectively through online and offline channels.
  • Provide excellent customer service to your clients.

Where do real estate agents make the most money?

Real estate agents make the most money in high-priced markets where there is a lot of demand for housing. Some of the highest-paying cities for real estate agents include San Francisco, New York City, and Los Angeles. However, it is important to note that the cost of living in these cities is also very high.

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Jean Folger

Jean Folger brings over 15 years of expertise as a financial writer, specializing in areas such as real estate, investment, active trading, retirement planning, and expatriate living. She is also the co-founder of PowerZone Trading, a firm established in 2004 that offers programming, consulting, and strategy development services to active traders and investors.

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