How to Get a Broker’s License
The real estate is a big market that offers a lot of job opportunities to many people. Agents, brokers and other professionals earn good money out of this market. And if you want to be a broker in real estate, you must know how to get a broker’s license.
Being aware of it will surely go a long way for your career.
There are a lot of jobs these days, though landing on one is never really that easy. There are things that must be complied with before you actually get the job that you have always wanted. One job that will let you earn money is being a broker in real estate. But before you become one, a license is required. Therefore, you should know how to get a broker’s license.
Basic Requirements
The first of the basic prerequisites is that you should be 18 or older in age so that you will be issued with a license. You must also present a proof of your legal presence in United States. When it comes to experience, you must have at least two years of being a licensed salesperson in a span of five years or something that is similar to it. And you should also be aware that honesty is a basic requirement as well. Applicants are expected to be truthful and honest. Crime conviction can actually result to being denied of a license.
Course Requirements
If you want to apply for the examination for real estate brokers, you must successfully complete eight of the courses in college level that are statutorily required. These include Real Estate Practice, Legal Aspects of Real Estate, Real Estate Finance, Real Estate Appraisal, Real Estate Economics or Accounting and three of the courses from the list which includes Real Estate Principles, Business Law, Property Management, Escrow, Real Estate Office Administration, Mortgage Loan Brokering and Lending, Advanced Legal Aspects of Real Estate, Advanced Real Estate Finance, Advanced Real Estate Appraisal, Computer Applications in Real Estate and Common Interest Developments.
Advantage of Having a Broker’s License
Having a broker’s license will allow you to land a job as associate for various companies all at the same time if your superiors will let you. You can sell, and manage a property or sell some loans at the same time. Also, it will be very advisable if you will have a broker’s license ready since you do not actually know when you will need one. Many salespersons are calling the concerned authority just so they can get a license.
Why Get a License?
Almost all companies are now requiring their partners, associates and managers too have a broker’s license. Also, you need to have one since when you get married and you have a company, both of you need to be licensed brokers. And with a broker’s license, you will be able to work for someone else while still working for another company. Besides, renewing a broker’s license does not cost that much so it is really not a big burden on your part.
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