First of all, in order to obtain a real estate license, you must complete a 63 percent pre-licensing course. Many online educational sites offer this and can be performed in the comfort of your home. If you are more in class, your local college may offer a course. When they are taken in a real classroom, the course can take 4 to 6 weeks due to their planning. Online classes that you can do at your own pace. Therefore, if you want, you can do the entire course in one week.
Below are some requirements for the state of Florida to get a real estate license.
General requirements:
Must be 18 years old, have a high school diploma or GED to get a real estate license.
Training Requirements:
Complete the pre-licensing course for 63 hours and complete.
Exam and application requirements:
· Submit a completed application for a real estate license, send fingerprints and pay the associated fees.
· Take the Florida State Real Estate Sales Exam, at least with a score of 75 points out of 100 points, or take a Florida law exam with a score of 30 points out of 40 points.
· Activate your license with the help of a Real Estate Broker using the proper DBPR forms or you can activate your broker online.
These are the basic steps required to obtain a license for real estate in Florida. How to get your real estate license sounds easy and to some extent, the way it is. However, the exam and the amount of study will not be taken lightly. I would recommend that you search the web a little more before making a decision on a real estate license. If you want to change your career, this is definitely great.
So, how do you really get involved in real estate and what does it offer?
First, once you have received your License, activate it with a broker. Here you have to decide which way you want in Real Estate. Different companies offer different options, splitting, fees, training, and so on. Take for example:
Property management: it’s best to look for local management companies. There are also national property management companies you can join. Once you join them, out of time in this area, you will gain knowledge and experience on all the legal aspects of property management. There are many of them, on how to evict a tenant, how to publish notifications on their doors and in what time frame. Property management requires a lot of work and at the same time is useful. Many agents lean toward this field because of the constant flow of monthly income. Others do not want to deal with the heads of tenants. For example, if you manage 150 units and an average of 10% call speed, it will be 15 different problems that you have to deal with during this month. This may be idle air conditioners, problems with plumbing; tenants are locked out of their homes and need access to tenants harassing other neighbors. One bright side, which means 135 units, will not cause any problems. On average, management companies charge about 10% of the monthly rent to owners (all companies and the state are different), in turn, you, as an agent, can get a percentage of this. Since all companies offer different payments, even if the average monthly income for the company. Let, say, 150 units rented for $ 1,000 each month, which will be 10% of $ 1,000, which is $ 100 each. $ 15K monthly income. Now you see the steady income I mentioned above.
Luxury real estate: this is also a very good niche, as soon as you get a license. There are pros and cons, as it is in the management of real estate. Speaking of luxury real estate, we are talking about homes from 1M and above. The obvious benefit to this is the amount of money you make on each transaction. Example: A 1M sale at 3% commission gives you a 30% income, now subtract your splits with your broker, let him say 80/20 split, the agent will receive a commission of $ 24,000, do it 4 times a year, and you 96K. Not bad at all for a 65-hour pre-licensing course. Let's point out the cons. It's not as easy as it seems or is seen on TV. This market is rather a referral market. You can definitely do it without a referral, but at some point you need to have these buyers or sellers in your area. The cost of achieving this price range is very expensive. We are talking about a marketing campaign ranging from 4 to 5 thousand per month, at least in advertising in these areas. After a few months of campaigning, you can get a few calls from sellers or buyers. There is much more to it than just sending out; you need to do it properly. Therefore, large investments are necessary to start getting the right bits in this price range.
Real estate agent: the two previous paths do not seem to be everything, I would say that 90% of the agents go on the traditional path of a real estate agent. This path in a certain sense leads to the two previous ones. As you are in the field, you will learn from other agents, property managers, and so on. Why are so many agents coming with a traditional real estate agent because of his training and, possibly, faster income training. If you put on a job, you can earn income in just 30 days, while property management and Luxury Real Estate are in no hurry to start a business. The disadvantages of this path are the amount of training, start-up and hard work that you will need to do in advance, due to inexperience and mistakes that you will make before you have a stable and stable income (regardless of whether you are stable) . Agents usually earn 3% of home sales. For example, 200K home, the commission will be 6K, even if the same split as before 80/20, the agent receives $ 4,800 X 1 per month X 12, the agent will earn $ 57,600 annually. Not bad at all. Keep in mind that some, large or most real estate companies charge a transaction fee, a table, an annual fee, and so on.
In general, the way when you get a license for real estate is entirely up to you. Note that depending on what you decide, you will need hard work, countless hours of study, and perhaps working Saturdays and Sundays. They all have their pros and cons. There is much more for each of these that I have described, and you should research more about whether you want a career in real estate.
