How long does it take to become a realtor?

Becoming a realtor is an exciting, rewarding, and lucrative way to step into the real estate world. There’s a certain charm to helping people find their dream homes and a thrill of navigating commercial property deals. But how long does it take to become a realtor? And, what’s involved in the process? Let’s break it down below, with all the key details and requirements. But first an important question. 

How is a realtor different from a real estate agent?

Understanding the distinctions between a real estate agent and a realtor is important. This difference can impact the timeline for full accreditation. That said, both realtors and real estate agents must pass state licensing exams to assist clients in real estate transactions. 

They also have to undergo education training and periodic recertification. However, realtors, as members of the National Association of Realtors (NAR), additionally need to pass the NAR ethics course and pay annual dues. The NAR fees typically amount to around $150 per year. Note that while every realtor is a real estate agent, not all real estate agents are realtors. 

What are the benefits of being a real estate professional?

Becoming a realtor has its perks, especially the freedom from being a full-time employee. You get to set your own hours and control your income potential. You can earn well through real estate agent commissions on deals and generally work around a convenient schedule. 

New agents often start with earnings between $13,500 to $22,000. The average salary of a reputable agent is approximately $95,000 per year. 

Read more: Construction management salary

What are the real estate licensing requirements? Who can apply?

To get your real estate license, there are specific requirements you need to meet, and these can vary by state. To find out the exact process for agents in your area, you need to check with your local real estate commission. 

Here are the basic requirements:

• You must be at least 18 years old.
• You must be a legal resident of the United States.
• Have a high school diploma or GED.
• You will need to complete the state-specific educational requirements for licensing.
• Pass the real estate licensing exam.

Some states may require additional steps, such as fingerprinting and a background check. Plan to set aside between $500 to $1,500 for the licensing process – for the coursework, real estate exam, license application, and possibly other fees.

How long does it take to become a realtor?

Here’s a general timeline to become a real estate professional. 

• Pre-licensing course: 1-6 months (depending on your state’s requirements and whether you study full-time or part-time).
• Final exam and licensing application: 1-3 weeks.
• Real estate licensing exam: Scheduling and passing the exam can take 1-4 weeks.

The process usually takes 3-6 months, but this can vary depending on your state’s education requirements and how quickly you complete the required steps.

How long is real estate school? 

We can’t stress this enough; the time it takes to complete real estate school depends on your state’s education requirements. For instance, Texas has the lengthiest pre-licensing education requirement. The Texas Real Estate Commission (TREC) requires 180 hours of pre-licensing education. If you are If you’re pursuing a Texas real estate license

(and attending real estate school in Texas), be sure to check TREC’s guidelines to ensure compliance. 

On the other hand, Massachusetts and Michigan require only 40 hours for a real estate license. In California, the 135 hours of coursework spread across three courses can be completed in a minimum of 7.5 weeks. Submitting your application takes an additional 6-8 weeks for processing. In total, you can obtain your California real estate license in about 14.5 weeks.

In Florida, only 63 hours of coursework are required. Assuming no errors in your application, you can finish coursework within the three months it takes for approval.

Real estate schools offer various formats to suit your schedule, including:

• In-person classes in traditional classroom settings for those who prefer face-to-face learning.
• Online courses that allow you to study at your own pace. These are perfect for people with busy schedules or full-time jobs.

How long does the prep for the exam take?

Once you finish your real estate courses, the next step is preparing for your exam. Consider taking practice tests or enrolling in an exam prep course to boost your confidence.

Generally speaking, with consistent hard work, it can take anywhere from two weeks to a month to thoroughly review the course material and pass the exam.

What is the online real estate licensing exam like?

Passing the real estate licensing exam is a critical milestone. This exam tests your understanding of real estate laws, contracts, and best practices. In many states, companies like Pearson VUE administer the exam.

Here are some key details about the exam:

• The test typically includes both national and state-specific questions.
• Generally, it consists of 100 to 200 multiple-choice questions covering the material from your classes, including national and state real estate principles and laws.
• You typically have around two and a half hours to complete the exam.
• The exam cost usually falls between $15 and $100. 
• On the exam day, you’ll receive the test on a computer while being observed by a proctor. For example, in Texas, you must pass the state license exam administered by Pearson VUE.
• You’ll need to score a passing grade, often around 70%.
• Many states allow you to retake the exam if you don’t pass on your first attempt.

What happens after you pass the licensing exam?

Once you pass the licensing exam, you’ll officially receive your real estate license. Congratulations! However, your journey doesn’t stop here. To legally practice as a real estate salesperson or real estate agent, you must associate with a real estate broker who will oversee your work. Very soon, you will see yourself soar high as a successful real estate agent in your own right. 

What are some useful tips to start your real estate career?

With your license in hand, you’re ready to begin your real estate career. 

• Find a brokerage that aligns with your goals and offers mentorship opportunities.
• Continue learning. Many states require ongoing real estate education to maintain your license.
• Build your network. Real estate is a relationship-driven industry, so start building connections with potential clients and industry professionals.

Last thoughts

Becoming a realtor is a straightforward process, but it requires dedication and effort. From completing the prelicensing course and passing the licensing exam to activating your license and joining a brokerage – each step is crucial in building a successful real estate career. 

The process typically takes a few months and sets you up for a fulfilling career helping others navigate the real estate market. If you’re ready to take the leap, research your state’s requirements, find a reputable real estate school, and begin your real estate journey today!

Written by Ramona Sinha. May 8, 2024

Ramona is the Senior Content Writer for Kukun. This experienced blogger uses simple and succinct words to decipher the complex phenomenon called life. She has written articles covering a broad range of topics, such as real estate, lending and mortgage, finance, business, taxation, home designs, home improvement projects, decor concepts, and more. An avid traveler, she’s a digital nomad at heart and an animal lover from the depth of her soul.