What Realtor Licenses Do

The process to obtain a realtor license involves:

  • ‍Pre-Licensing Education: Most states require candidates to complete a specific number of hours (usually between 60–180) of real estate courses covering topics like property law, real estate practices, ethics, contracts, and fair housing regulations.
  • ‍Background Check: Applicants often need to undergo a background check, which includes fingerprinting in many states.
  • ‍Pass the Licensing Exam: After completing the education requirements, candidates must pass a state and national exam. The exam covers general real estate principles and state-specific regulations.
  • ‍Submit Application and Fees: After passing the exam, candidates must submit an application, pay required fees, and provide proof of completed coursework and passed exams.The process to obtain a realtor license involves:

How Long Realtor Licenses Last

Realtor licenses are generally valid for 1-4 years, depending on the state. After this period, realtors must renew their license by completing continuing education courses. Renewal requirements vary by state but often include updates on laws, ethics, and real estate practices.

Jobs Available with a Realtor License

  • Real Estate Agent: Assists clients in buying, selling, or renting properties.
  • Real Estate Broker: Manages a team of agents or runs a brokerage firm (requires a broker’s license in addition to the realtor license).
  • Property Manager: Manages rental properties, including tenant relations and property upkeep.
  • Leasing Agent: Helps property owners find tenants for rental units.
  • Real Estate Consultant: Offers expert advice on property investments, market conditions, and development opportunities.

How long it takes to get a realtor license

The time it takes to become licensed varies depending on the state and individual pace. The typical timeline is:

  • Education: Completing pre-licensing courses can take anywhere from 2 to 6 months, depending on whether the candidate studies part-time or full-time.
  • Exam and Licensing: Once the coursework is finished, the candidate can schedule their exam, which may take 1-2 months to complete and process.
  • Total Time: The entire process typically takes 3-6 months, though it can be shorter or longer based on individual circumstances.

Legal Processes Involved in Becoming a realtor

The legal processes for becoming a licensed realtor include:

  • Meeting State Requirements: Candidates must ensure they meet all eligibility criteria, including age (usually 18 or 19), legal residency, and educational requirements.
  • Passing the Licensing Exam: This is a legal requirement in all states. The exam assesses the candidate's understanding of laws, contracts, and real estate practices.
  • Adherence to Ethical Standards: Realtors must adhere to state and federal laws, including anti-discrimination laws, fair housing regulations, and ethical standards outlined by the National Association of Realtors (NAR) if they choose to become members.
  • Continuing Education: To maintain their license, realtors must fulfill ongoing education requirements to stay compliant with changing laws and practices.