Real Estate License
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Real Estate License:

Cramming for a test.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

 

 

The Permanent Venture
This Page Last Modified on February 26, 2007 23:08