Q:

What are the typical requirements for getting a broker license?

A:

Quick Answer

The requirements to obtain a real estate broker license vary by state; however, most states require potential brokers to pass a written exam, according to the National Association of Realtors. Many states also require experience in real estate or sales and education specific to real estate. The Real Estate License Commission or the local Board of Realtors in each state can provide more information on state specific requirements.

Continue Reading

Full Answer

For example, to apply for a real estate broker license in California, the person must be 18 years of age or older, provide proof of legal residence in the United States and have two years of experience as a full-time licensed salesperson, explains the Bureau of Real Estate in California. Potential brokers must also successfully complete eight college-level courses in topics like real estate practice, legal aspects of real estate, property management and real estate finance.

In comparison, in the state of New York, to apply for broker licenses, people must have three years of experience in real estate, and they must complete the qualifying salesperson course and the 45-hour real estate broker course approved by the Secretary of State, states the Division of Licensing Services in New York. Potential brokers must also pass the qualifying examination, which is administered by the Department of State.

Learn more about Career Aspirations

Related Questions

Explore