Real Estate License:
For
the most part, obtaining a Real Estate Salesperson's License is not
difficult but varies from state to state.
When you acquire your license, it does not give you
permission to open an office and begin selling homes. It does give you
the opportunity to work for a Real Estate Broker. In most states you
will never see your license unless the Broker shows it to you. Once a
Broker has accepted you as a salesperson, they will request your license
from the state. It will remain with the Broker until you leave the
company at which time it will be returned to the state licensing bureau.
Once you acquire your state license, you will be
required to join the local Real Estate Association which will include
membership in the Multiple Listing Service (MLS). If you are going to be
showing properties, you will also have to purchase an electronic box
keypad for access to MLS listings. Once
you have joined a Real Estate Company you need to be prepared to survive
on no income for at least three to six months. Your only income is your
commission check, generally 50% of the company's share at closing.
Working in the world of real estate is exciting but
it can also be challenging. The exhilaration of your first sale can
sometimes result in your first disappointment - a contract that falls
through. Below is a brief summary of the
licensing requirements for each state in the US. If you are seriously
interested in selling real estate, interview with a local Broker for
guidance on obtaining you state license. The chart below will be updated
as information is received.
Requirements by State:
|
Alabama |
Alaska |
Arizona |
Arkansas |
California |
| Colorado |
Connecticut |
Delaware |
Florida |
Georgia |
| Hawaii |
Idaho |
Illinois |
Indiana |
Iowa |
| Kansas |
Kentucky |
Louisiana |
Maine |
Maryland |
| Massachusetts |
Michigan |
Minnesota |
Mississippi |
Missouri |
| Montana |
Nebraska |
Nevada |
New Hampshire |
New Jersey |
| New Mexico |
New York |
North Carolina |
North Dakota |
Ohio |
| Oklahoma |
Oregon |
Pennsylvania |
Rhode Island |
South Carolina |
| South Dakota |
Tennessee |
Texas |
Utah |
Vermont |
| Virginia |
Washington |
West Virginia |
Wisconsin |
Wyoming |
|