Texas real estate market is booming, and if you were thinking of switching to realty, now is the best time. Besides the many lucrative opportunities, you will also help many families achieve their dreams of owning a home. There are a few hurdles you must clear before you begin selling and managing properties.
Navigating the process of becoming a licensed realtor requires careful planning and dedication. In this guide, we will delve into the process of becoming a realtor in TX. The article will include the costs involved in each step.
How Can You Qualify?
There are prerequisites you must meet to become a realtor in Texas. All applicants must be at least 18 years old with a clean background. You must also have a high school-level education. Ensure that you answer all questions when taking the trustworthiness and honesty test.
If you have any past criminal offenses, you must request a fitness determination test from the Texas Real Estate Commission. We recommend taking the test before enrolling in any real estate program to be sure of your eligibility before it is too late.
It’s Time For Learning
The pre-licensing program will introduce you to various real estate topics and concepts. The course is 180 hours long, covering topics such as fundamentals of real estate transactions, contracts, and other related legal aspects.
You will learn how to draft property appraisals and the steps involved in selling and buying of properties. Pre-licensing programs are available online at RealEstateU, or you can take in-person classes from a local community college. Choose a program that complements your learning style that fits within your daily routine.
Exam Time: Are You Ready?
This is a step most future realtors fear a lot. After you have finished the pre-licensing coursework, you must pass the salesperson exam. The exam will test your knowledge of the material covered in the coursework.
You can purchase exam preparation materials to help you revise for the tests. Prepare well to boost your chances of passing the exams on your first attempt. The test consists of 80 questions and you must score 70% or above to pass.
However, if you fail, you must pay the $42 exam registration fee to retake the exam.
Partnering with a Broker
You are closer to the finishing line as a soon-to-be licensed realtor in Texas. Before applying for your license, you must find a sponsoring broker to mentor you. The licensed professional will guide you as you start work as a realtor in TX.
Ensure that you find a brokerage firm with top professionals in their stable. You can find quality mentors through your course instructors or via attending industry events, such as seminars and career fairs hosted by your school.
Here We Go
Now that you have a sponsoring broker, it is time to get that license. Visit a fingerprint collection center for a background check. Submit your application alongside the necessary documents as required by TREC.
Review and approval may take a few days, making you a licensed realtor in Texas. Getting your license is no easy feat, but it isn’t the end of the road. Consider specializing in a particular area like residential or commercial properties. Also, take up other courses to help improve your negotiation skills.
