Importance of completing real estate license requirements?

Answer 1

Having a proper real estate education is more than just getting a license and finally be able to make a sale. Found below are the top reasons getting a prelicense, CE or license renewal can help you boost your real estate career and avoid inconveniences as well:

1. Avoid penalty fees. Penalty fees can go up to a hundred dollars more than the regular renewal fees if you don't complete your prelicense courses and pass the exam within the allowed time period. For instance, renewing your California real estate license late will require you to pay $367.00 if you're a salesperson and $450.00 as a broker, whereas the regular fees are pegged at $250.00 and $300 respectively.
2. You don't have to go through the application process again. Reapplying for a license would require you to retake CE courses that you may have already taken in the past to satisfy the active license requirements. And if you do take the mandatory courses before and after your renewal period, those courses will not be credited as well. Licensed real estate agents know how time-consuming it is to apply for a license since it will take them a couple of steps before they can proceed to getting fingerprinted. Also, you may not be allowed to practice your profession without having your license renewed first.
3. It's a form of up-training. No more shooting blanks-with a prelicense or CE or postlicense course, you get to learn about how to properly conduct a real estate sale or purchase in compliance with state laws and regulations. Without proper training, you may overlook important contracts and documents that are in fact crucial to the sale such as tax declarations, loan documents and disclosure agreements about the state of the property. You also get to learn new things that no other real estate agent or book about real estate can ever teach you by finishing a real estate prelicense, CE or post license program.
4. Increase your chances of getting hired. While it's true that some agents who are not yet licensed can work under a sponsor agent or broker's license, not having one won't up their chances of moving on to another firm or working independently. Your customer's trust also relies on your possession of a license-after all, how can they trust an agent who didn't or deliberately refused to undergo the proper real estate training to get a license?

The real estate industry will accept anyone who's interested in joining it with open arms as long as these people are willing to pass the exam and get licensed. It may be tough make it big in the industry at first, but by constantly upgrading your knowledge and skills through online training courses, you can definitely grow your real estate career and have the confidence to proactively market yourself in the real estate environment.

Answer 2

To get a real estate license you must attend real estate classes. These are often offered by real estate companies themselves. Upon completion of the courses you must pass a real estate license exam. Specific requirements can vary by state.