First, to get a real estate license, you need to complete a preliminary course of study for 63 hours. Many online educational sites offer this and can be made without leaving home. If you are a more experienced person, your local college can offer this course. If the course is held in class, the course may take 4 to 6 weeks. Online lessons you can do at your own pace. Therefore, if you want, you can complete the entire course in one week.
The following are some requirements for the State of Florida to obtain your real estate license
Must be 18 years old, have a high school diploma or GED to get a real estate license.
Take the 63-hour pre-licensing course and pass the exam.
Exam and Application Requirements:
· Submit a completed real estate license application, submit fingerprints and pay all related fees.
· Pass the Florida State Real Estate Exam, scoring at least 75 points out of 100 points, or take the Florida State Exam with a score of 30 out of 40 points.
· Activate your license with a real estate broker using the proper DBPR forms, or it can be activated online by your broker.
These are the basic steps required to obtain a license for real estate in Florida. How to get a license for real estate sounds easy and to some extent it is. However, the exam and the amount of study should not be taken lightly. I would recommend searching the Internet a bit more before choosing a real estate license. If you want to change your career, this is definitely a great solution.
So, how do you actually start working in real estate and what does it offer?
First of all, as soon as you get a license, activate it with a broker. This is where you have to decide which way you want in real estate. Different companies offer different options, splitting, fees, training, and so on. Take, for example:
Property Management: It’s best to look for local property management companies. There are also national management companies you can join. As soon as you join them, during the entire time spent in this area, you will gain knowledge and experience in all legal aspects of property management. There are many of them, from how to evict a tenant to how to place ads on their doors and at what time. Property management involves a lot of work and at the same time is useful. Many agents lean toward this area because of the constant flow of monthly income. Others do not want to deal with tenant headaches. For example, if you manage 150 units and on average 10% call, it will be 15 different problems that need to be solved during this month. This may be not working air conditioners, as well as problems with plumbing; tenants are locked out of their homes and need access so that tenants interfere with other neighbors. On the one hand, this means that 135 units will not cause any problems. On average, management companies charge owners about 10% of the monthly rent (all companies and staff are different), in return you, as an agent, can get a percentage of this. Since all companies offer different payments, let's just average the monthly income for the company. Say, 150 units rented for $ 1,000 per month will be 10% of $ 1,000, which is $ 100, that is, 150 units are equal to a monthly income of $ 15,000. Now you see a steady income, which I mentioned above.
Luxury real estate: This is also a very good niche once you get a license. There are pros and cons, as in property management. Speaking of Luxury Real Estate, we are talking about homes from 1M and above. The obvious benefit to this is the amount of money you make on each transaction. For example, selling 1M with a commission of 3% brings you an income of 30 thousand. Now subtract your splits with your broker, say, 80/20 division, the agent will receive a commission of 24 thousand dollars, do it 4 times a year, and you are at 96 thousand. Not bad at all to take a preliminary licensed 65-hour course. Let's point out the cons. This is not as simple as it seems or is seen on TV. This market is more like a referral market. Of course, you can do it without referrals, but at some point you need buyers or sellers in your area. The cost to achieve this price range is very expensive upfront. We are talking about a marketing campaign ranging from 4 to 5 thousand per month, at least in advertising in these areas. After several months of the campaign, you can receive several calls from sellers or buyers. It is much more than just sending out, it needs to be done correctly. Thus, large investments are needed to start from scratch in this price range.
Real Estate Agent: The two previous paths do not seem to everyone, I would say, 90% of agents follow the traditional path of a real estate agent. This path leads in some sense to the two previous ones. As you are in the field, you will learn from other real estate agents and so on. Why do so many agents go with a traditional real estate agent because of his training and, possibly, faster income. If you invest in work, you can earn income in just 30 days, while property management and Luxury Real Estate are really in no hurry for business to start coming. The disadvantages of this path are the amount of training, start-up and hard work that you will have to put forward because of inexperience and mistakes you make before you get a stable and stable income (whatever that means to you is stable). Agents usually earn 3% of the amount of home sales. For example, 200 thousand. Home, the commission will be 6 thousand. Let's take the same division as before 80/20, the agent receives 4,800 US dollars X 1 per month X 12, the agent will earn 57,600 US dollars per year. Not bad at all. Keep in mind that some, most or most real estate companies, charge a transaction fee, registration fee, annual fee, etc.
In general, the way in which you get real estate licenses depends entirely on you . Note that depending on what you decide, you will need hard work, countless hours of training, and possibly work on Saturdays and Sundays. They all have their pros and cons. Each of them has a lot more than I have described, and you should explore more if you want a career in real estate.