what to do after completion of real estate course in florida

What to do after you pass the real estate course in Florida?

After completing the required class, students should plan to spend an additonal 1-2 months finding a sponsoring broker, going through the license application process, and passing the Florida real estate exam.

How long do you have to take real estate exam after course in Florida?

Course final exams must be passed with a minimum of 70%. If you fail the examination, you must wait at least 30 days from the date of the original exam to retake your test. Students who fail the end of course exam twice must repeat the course before becoming eligible to take the end of course examination a third time.

How do I activate my Florida real estate license?

To activate the license, you must submit a completed DBPR Form (request for change of status) to the DBPR (Department of Business and Professional Regulation). This form can be submitted at the examination site, or submitted to the Division of Real Estate at the DBPR.

How long is my Florida real estate pre-license course certificate valid?

two (2) yearsPRE-LICENSE EDUCATION: Prior to sitting for the state exam you must show proof of course completion of Florida approved 63 hour pre-license education for sales associates. The course is good for two (2) years from the date of completion.

How much does the average realtor make in Florida?

How much do Florida real estate agents make on average? According to the Bureau of Labor Statistics (BLS), the annual mean wage for Florida real estate agents in 2020 was a respectable $61,120.

How long is Florida real estate license good for?

24 monthsGenerally speaking, your Florida real estate license is good for 24 months. However, your first renewal period is treated differently. Your first renewal period can be as little as 18 months and as long as 24 months.

How long do you have to work under a broker in Florida?

24 monthsAs noted above, in order to qualify for a broker license in Florida, you must possess an active Florida real estate agent license, and have 24 months of work experience within the five years prior to your application.

Does a Florida real estate broker need an office?

A broker must maintain an office, which shall consist of at least one enclosed room in a building of stationary construction. (Section 475.22 (1), Florida Statutes) So a broker's office cannot be in an RV or a houseboat.

Is it worth it to become a real estate agent in Florida?

Is real estate a good career in Florida? Yes, it is a great career. The average real estate agent in Florida makes $88,072 per year. The average personal income in the US is around $31,000, so a real estate agent in Florida could be making more than twice the national average salary.

How hard is Florida real estate exam?

How difficult is the Florida real estate exam? The majority of people think it is very difficult. In fact, according to Pearson Vue, 41% of the 3,706 people who took the exam in July 2021 failed it. Of the first-time takers, the results are a little better – 48% of first-time takers passed the exam.

How many times can you take Florida real estate exam?

Q2: How many times can you take the real estate exam in Florida? You can take the Florida real estate licensing exam as many times as needed to pass. You just need to wait 24 hours and pay $36.75 to reschedule your test.

How do you become a broker in Florida?

Real Estate Broker Requirements:Complete 72-hour FREC-approved pre-licensing course for brokers.Submit an application and application fee as well as fingerprints to the state.Take and pass the Florida Real Estate Broker Examination with a grade of 75 or higher.More items...

What is a broker in real estate?

In real estate, brokers are almost always agents with years of experience and a broker’s license. When you’re just getting started in your career, it helps to tap into the knowledge and network of someone who has worked in the region in which you’re looking to do real estate transactions. You can think of a broker as both your partner and your boss, as they’ll help you maneuver through the beginning of your journey as a real estate agent in exchange for a commission split. The price of the properties being bought or sold through a brokerage determines the commission amount, but usually, brokers calculate their cut based off of a flat fee or commission split.

Is it good to have a timeline when selling real estate?

In real estate, if you’re not selling property, you’re not making money . As you’re getting started in your career, it can be beneficial to set a timeline for the things you’d like to accomplish. Whether you choose to outline your ideal first five years or would rather keep things shorter term by planning the first year of your professional career, creating a timeline can be a good way to keep yourself accountable for success.

1. Real Estate Agent

Of course, one of the things you can do with a real estate license is work as a real estate agent. Real estate agents represent buyers or sellers in real estate transactions and often earn a commission of about 1.5% of the sale price after their broker's cut. In most cases, you'll need to work under a licensed broker.

2. Real Estate Broker

Another option is to become a broker. However, in order to become a real estate broker, you'll need to earn your real estate license first. In addition to being a licensed real estate salesperson, you'll also need:

3. Real Estate Investor

Real estate investors buy property or land, maximize their profits, and then sell it. It could involve buying properties to fix and flip, buying them to keep as rental properties, and more.

4. Real Estate Developer

Real estate developers need their real estate licenses, and a degree in business, real estate, or finance doesn't hurt. If you want to go this route, you buy land or partner with landowners, strategize what to build on it, build it, and then sell the project to earn a profit.

5. Real Estate Consultant

Once you've spent some time as a real estate agent, learned the ropes, and built a successful business, you could generate another stream of income by offering consulting services. Real estate consultants often work with commercial real estate investors and help them decide where to build or invest in their local market.

Join the MLS

The second thing you should do after you get your real estate license is join the Multiple Listing Service (MLS.)

Create a Website

Once you have access to the MLS, the next step is a real estate website.

Dress Like a Professional

Now, this might seem obvious, but you would be surprised at some people’s attire.

What happens if you don't complete your class on your license renewal?

Regardless if you are a CLASSROOM or ONLINE post-licensing student, the retest period and the course completion period does not extend beyond your license renewal date. If the course and the exam are not completed by midnight on your license renewal date, your license will become NULL & VOID.

What happens if you fail the post licensure exam?

If you fail the ONLINE post-licensing end of class examination, you are allowed one (1) retest. The retest is available right away in your online portal. If you fail a second time, you must complete the course again in its entirety before being eligible to retest.

How many hours do you need to be a sales associate to get a license?

The license of any Sales Associate who does not complete the 45 Hour post-licensure education requirement is considered NULL & VOID. If you want to ever operate as a licensee again, you will need to repeat the 63 Hour Sales Associate Pre-License Course and pass the state examination.

How long does it take to get your real estate license reactivated?

If your license becomes inactive, you have two years to get it reactivated. If you don’t complete your continuing education requirements and reinstate the license, your license will be void and you will need to start the licensing process from scratch if you want to continue selling real estate.

How long does a real estate license last?

Your initial real estate license expires in 18 to 24 months, depending on when you pass the state real estate exam. The expiration date is located on the bottom of your license.

How many hours of continuing education do you need to renew your license?

If it has been inactive for more than 12 months but less than 24 months, you’ll have to take 28 hours of continuing education credits, including the core law requirements. You can renew an involuntary inactive license by mailing your renewal notice and fee.

What to do if you don't complete the post renewal exam?

Important: If you don’t complete the first-renewal post-license education by the expiration date, you will have to start from scratch: retake the pre-license course, pass the exam and retake the state exam. Classes are available from a variety of vendors, and you can take them either online or in a classroom.

How many hours do you have to take to renew your license?

Before your license expires during the first renewal cycle, you must complete and pass a state-approved 45-hour post-license curriculum that builds on the knowledge you acquired during the pre-licensing education courses.

How long does it take to get approved for real estate in Florida?

It takes anywhere from 10 to 30 days for your application to be reviewed. Once it’s approved, you’ll be given a notice to schedule. The Florida real estate exam is administered by Pearson VUE testing centers throughout the state. Locate the one nearest you and schedule the exam at a date and time that’s convenient.

How many hours do you need to take the Florida real estate license test?

Real estate sales associates must complete 63 hours of pre-licensing education before they can take the test. The exam covers the basic laws and procedures you need to be aware of when selling real estate in Florida.

What is Bob Hogue School of Real Estate?

The Bob Hogue School of Real Estate has been educating Florida’s aspiring real estate agents for nearly 40 years, and it’s earned a reputation as one of the go-to companies for Florida real estate exam prep. Students have had a lot of positive feedback about the support they’ve received from instructors and the usefulness of the program. While one of the company’s self-paced or in-person courses should be enough for most students, private tutoring is an option for those who need extra help.

How many questions are asked in the Florida real estate exam?

The Florida real estate exam is composed of 100 multiple-choice questions that you must answer in three and a half hours. You must score 75 or better in order to pass the test. While every version of the test has different questions, each follows the same content outline. The breakdown is listed below.

What states are Florida real estate licensed in?

Florida has mutual recognition with seven states — Alabama, Arkansas, Connecticut, Georgia, Illinois, Mississippi and Nebraska. If your hold a real estate license in any one of these states, you don’t have to take the full Florida real estate exam or complete any additional pre-licensing education.

What score do you need to pass the real estate test in Florida?

You must score a 30 or higher in order to pass. If you hold a real estate license in a state that doesn’t have mutual recognition with Florida, you will have to fulfill all of Florida’s pre-licensing requirements, including the mandatory education hours, before you can take the test and apply for a license.

What percentage do you need to pass the Florida real estate exam?

The course price includes a textbook and practice exams, two of which are taken at the end of the program. You must pass with a 70 percent or better in order to receive your certificate of completion, which is necessary to take the Florida real estate exam.

FAQs: Enrollment and Course Information

Find answers to common questions about your real estate license and Real Estate Express.

Do I get a verification of completion once I finish the course?

Once you complete the course you will have a link on your student homepage to click to access your certificate. Some states require that the certificates be mailed to the license authority, while others will request them upon an audit, so be sure to save yours.