A real estate license is required to do this work, and the requirements to obtain one vary from state to state. 1. How much do real estate agents make? According to the U.S. Bureau of Labor Statistics, Real Estate Agents earned an average of $83,886. 2. How long does it take to become a licensed real estate agent? 24 total over 3 years. Some states even require that this form be notarized. I am located in Colorado, which has one of the more stringent real estate licensing requirements. What would be the requirements to get license here? c. Attorney General California does not require an applicant for a salespersons license to have a high school diploma or college degree. Depending on your state, there will be designated cities and testing centers where you can take the real estate license exam. I realize this may seem petty of me to want to point this out, but being a REALTOR in Ohio, I want to make it clear that getting licensed in Ohio is not as simple as your article suggests. Real Estate Agent vs. You must also obtain a sponsoring brokerage before filing for your license. Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. Other parts of the country have reciprocity agreements in place as well read this guide to learn more about these agreements if you're interested in taking your real estate license across state lines. Other states (such as Montana, Oregon and South Carolina) allow property managers to work under a property management license rather than a broker's license. Afterwards you must complete 12 hours of continuing education every two years. Which of the following is responsible for processing license applications, issuing real estate licenses, and collecting license fees? Almost all states require some sort of background check as part of the real estate license application process. If you are interested in joining the NAR, you should look for a broker or brokerage that is also a member. c. the owner and the listing salesperson. You must then take 45 hours of continuing education every three years after initial licensing. Read world-renowned marketing content to help grow your audience, Read best practices and examples of how to sell smarter, Read expert tips on how to build a customer-first organization, Read tips and tutorials on how to build better websites, Get the latest business and tech news in five minutes or less, Learn everything you need to know about HubSpot and our products, Stay on top of the latest marketing trends and tips, Join us as we brainstorm new business ideas based on current market trends.