What Kind of Training is Involved in Becoming a Real Estate Agent

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.

Is it Possible to Transfer Your Real Estate License from State to State

Several readers would like to know if it is possible to transfer your real estate license from one state to another after becoming licensed.

We will begin by saying that this is a very common question and it makes sense. Let’s face it, people move and life is always changing so while you may have no plans to move after obtaining your real estate license you may be surprised to find that next year you are packed up and on your way to another state, you just never know and planning for the future is difficult at best. So we understand the reasoning for this question and want you to know that you are not alone.

With all of that being said, the answer to this question is kind of a yes, no and maybe. Actually, its a little difficult to generalize the question itself simply because laws and regulations change from state to another. So, the first thing that you need to understand are these two terms: license recognition and license reciprocity. We will start by looking at license recognition as that term better fits the need for those of you looking to transfer your license.

License recognition pretty much means what it sounds like, another state recognizes your license. How does this benefit you? Well, if you are in Texas and moving to Arizona, if Arizona were to recognize your Texas real estate license then all you would need to do is submit an AZ. license application, pay the licensing fee and transfer your license. Not all states have policies on license recognition and in many cases the best way to find out is to contact the Department of Real Estate or the Department of Licensing for the state in question and ask them if they currently have recognition for your states license.

License reciprocity is a little bit different in that if a state has reciprocity with another state you essentially meet their licensing requirements but in most cases will need to take the exam or at least a partial exam in addition to paying the licensing and exam fees. This is most commonly used by people that are interested in holding a license in both states although this may be an option for those of you moving as well. Let’s use Washington and Oregon as an example; Vancouver, WA and Portland, OR are right across the river from one another, maybe a thirty minute drive if traffic is bad. So it would make sense that an agent in Vancouver might have a client looking for a house in Portland, however, to accommodate this client they would need both an Oregon and Washington real estate license. Like the license recognition not every state has reciprocity agreements so you will need to check with the state to confirm. We also cover some reciprocity agreements in our licensing requirements pages so you may want to check there as well.

What to take away from all of this. You may or may not be able to transfer your license from one state to another, it depends on the state you currently hold a license in and the state you are moving to. If they have recognition or share reciprocity then you should be able to fill out your licensing application and move forward with the process pretty easily. If they do not have either of these then you will need to go through the licensing process again in your new state.