Becoming a real estate agent can be a very lucrative profession, but with the question of how long does it take to get a real estate license, arises the question of how much does it cost?
One important thing to remember is that as it is with time, the cost of real estate licenses vary with each state as well.
Different Stages and Costs
There are different stages when it comes to becoming a real estate agent, and all of these different stages have a cost. Let’s look into what they are!
Pre-Licensing Course
To learn up on being a real estate agent, you need to enroll yourself in pre-licensing courses which total to a different number of hours and a different total cost based on the state you are in.
On an average, going through this course can cost you anywhere from $300 to $500. However, it is important to find out your state’s cost for yourself.
Exam and Licensing Fee
After having taken and finished the courses, you will be giving the real estate exam. This exam has a few different costing factors alongside the license itself if you pass, which are as follows:
- Application Fee: $25-$30
- Background Check and Fingerprint Scans: $100-$150
- State Exam: ~50
- License: $150
Continuing Education
Every now and then, real estate agents have to take mandatory CE courses in order to maintain their license.
If you join a brokerage, which you should after passing your exam, brokerages can offer you these courses as one-time training, which help you build further knowledge in real estate.
These courses are taken as a refresher in order to test a real estate agent’s knowledge on current state laws, real estate knowledge and hopefully provide further knowledge in the real estate market.
Conclusion
These are the fees attached with becoming a real estate agent, however, you will also find additional costs if they are unique to you.
On average, it is actually much more cost efficient to get real estate knowledge and education as opposed to traditional education of going to college and getting further education.
However, you need to be committed to being a real estate agent to properly flourish in the industry.
