Unit 1: Real Estate: First Year Sales Pre-License This 60 hour course is the first step for those who want to list, sell, purchase, exchange, lease, or dispose of real estate for others in the state of South Carolina.
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Includes an overview of licensing as a real estate broker and sales agent, ethics of practice, titles to and conveyancing of real estate, legal descriptions, deeds encumbrances and liens, distinctions between personal and real property, appraisal, finance and regulations, closing procedures, real estate mathematics , and at least three classroom hours of instruction on …
The classes you’ll need to become a real estate agent fall under three general categories: Pre-licensing classes. Exam preparation classes. Post-licensing classes. Continuing Education classes. 1. Pre-licensing courses to take before you become an agent. You’ll want to start your journey to becoming a real estate agent with classes ...
To become a real estate agent, you must take the pre-licensing course no matter what state you live in. The course topics and hours will vary from state to state — but you can research your state’s requirements here by clicking “select your state” from the drop-down menu and then “continue.”. You can also follow a link to your state’s requirements ...
Texas real estate license requirements — 180-hour pre-licensing course. Virginia real estate license requirements — 60-hour pre-licenseing course. You can choose to take your course in class or online.
In most states, you can obtain a real estate license in about 140 hours of online or classroom real estate license training. If you take your real estate license training online, you can usually go at your own pace.
One thing that Mbition does really well is its unique exam prep program, called Prep x L. Mbition has a system in place that automatically determines your strengths and weaknesses. Instead of just asking you questions at random, their system learns where you need the most help, and will serve up questions that you frequently get wrong. By doing this, you save time by not answering questions you already do well on and learn where you’re struggling.
One of the reasons Kaplan is a bit more expensive is due to the instructors they hire. The vast majority of their instructors either were or still are real estate agents themselves. This enables them to give you insight into not only the course material but into the industry itself. This makes itself most evident during the live video classroom sessions. You’ll get much more valuable insight as they can show you how what you learn applies to things in real-life situations.
Mbition has some other pretty good tools that they aren’t required to have in the course. For example, I’m absolutely horrible at math and it takes me longer to learn the math aspects more than most people. That’s where their Math Prep program comes in handy.
Some of their content seems a little outdated, but the information isn’t bad or wrong. It just “feels” dated sometimes. For example, the video below is some actual course content from the AYOP Real Estate course. You’ll notice that the information is valid, but the video does seem to be showing its age.
Scams in the online real estate license field are pretty uncommon. If you’re really worried about sig ning up for a legitimate online real estate license school, just make sure you sign up for a well-established school that is specifically approved by your state licensing commission.
Mbition offers a “pay as you go” plan if you don’t have the money upfront. Simply choose your courses a-la-carte and you can purchase each module individually. While this ends up being slightly more expensive in the long run, it helps for those of you who need to spread payments out. Even when you choose to spread it out, you still get access to all the tech support, instructors, and student resources that you would get otherwise.
A real estate license allows realtors to legally sell, broker, or rent real estate to prospective tenants and buyers on behalf of a real estate brokerage. In order to legally work in real estate, you need to procure a real estate license in the states where you want to work, as requirements vary from state to state.
Additionally, your real estate license application, fingerprinting, and background check, and state licensing exam fees will usually run you between $100-$200, so you should budget for $500-$1,200 total. Becoming a real estate agent is a big decision requiring time, attention, and dedication.
If you're already a licensed real estate agent, see if your new state has a reciprocity agreement with the state where your license was issued. If a reciprocity agreement exists, your pre-licensing requirements might be less.
The brokerage you work for determines the type and volume of work you do, the training and mentorship you receive, and the company culture you're a part of every day. Here are three common types of brokerages:
Check your state's requirements to see when your license will expire -- usually every two or four years.
Pass your state licensing exam. Once again, depending on your state, the licensing exam will take between 1.5 and 3.5 hours to complete. Be prepared to pay an exam fee between $15 and $60. The test will be approximately 100 multiple choice questions and cover national and state principles and laws.
Virtual Brokerages. SaaS -- or Software as a Service -- has ushered in a new type of real estate brokerage that's entirely online. Benefits of working with a virtual brokerage include higher commission splits (more on that below), lower desk fees (desk rent you pay to your brokerage), and better technology.