Ever wonder what type of training is involved in becoming a real estate agent? This is a common question we are asked and wanted to take an opportunity to answer it for you below!
Before we get too far into the nuts and bolts of real estate training, we should mention that every state has their own regulations and policies in regards to training and licensing requirements. However, many states do have similarities in the process which we will be summing up for you later in this article. We do encourage you to visit our licensing requirements section to get a more detailed overview of your states requirements. If you are unable to find the information you are looking for, you may also choose to visit the Department of Real Estate or Department of Licensing for your state, they will be able to help you from there.
Types of Training
So, there are essentially two types of training for real estate agents, online and offline:
Online real estate training is not an acceptable form of training in all states at this time. Although, many states do allow online credits to be used for your license. These states include, but are not limited to, California, Florida, New York, Texas and Washington. Online courses are an excellent option for those of you with busy schedules since they allow you to work at your own pace and around your schedule. Many people find that working in the evenings or even on their lunch break allows them plenty of time to complete their training without conflicting with work and family time.
If you are interested in taking your courses online we recommend that you visit our online real estate course page to get started.
Offline real estate training is the more widely used option and of course, is the approved training method for all states. While your course credit hours will remain the same, you will not have the flexibility of completing your training around your schedule. You may also find that the schools in your area are limited on the number of classes that they offer each month. Generally, real estate courses are offered in the evenings and on weekends but you will need to commit the time to actually attending your training in order to successfully complete it.
Some people find that they learn better in a classroom setting as they are able to have a more personal interaction with the instructors as well as the other students. While this is not the case for everyone, you may benefit from this more hands-on environment.
Required Credit Hours
The number of hours required to complete your training varies heavily from one state to another, but, the standard range is anywhere from 40 to 65 hours. These depend on the type of licensing you are receiving, such as salesperson or Broker and that state in which you are becoming licensed.
What Does the Training Cover
Generally speaking, your real estate training courses will cover topics such as real estate law, practice, contracts and finance in addition to several others depending on state requirements. These courses have been designed to give you the knowledge you need to successfully complete a transaction from start to finish including completing the contracts and assisting your clients with making a good purchase. Most courses do not cover subjects on marketing or running a business, so these may be something you want to look into before getting started as you will need business and marketing skills to build a foundation for your new real estate business.