Timeline & Costs for Getting a Real Estate License
How Long Does It Take to Get a Real Estate License?
If you’re thinking about getting your real estate license, you might be wondering how long it takes and how much it costs. The process varies by state, but here’s a general timeline with expected expenses to help you plan ahead.
Step 1: Pre-Licensing Education (2-8 Weeks)
Before you can take your real estate exam, you’ll need to complete a pre-licensing course. The required hours differ by state, but they typically range from 40 to 180 hours.
- Cost: $300 - $1,000 (varies by state and course provider)
Step 2: Exam Preparation & Scheduling (1-2 Weeks)
After finishing your coursework, you’ll want to review the material and schedule your exam. Many students take practice tests and use exam prep materials.
- Cost: $25 - $150 (for exam prep materials and practice tests)
- Exam Fee: $50 - $150 (varies by state)
Step 3: Take & Pass the Exam (1 Day)
The real estate exam is usually multiple-choice and can be taken online or in person, depending on the state.
- Cost: Covered in exam fee above
Step 4: Background Check & Fingerprinting (1-2 Weeks)
Most states require a background check and fingerprinting before issuing your license.
- Cost: $50 - $150
Step 5: Apply for Your License (1-3 Weeks)
Once you’ve passed your exam and completed all requirements, you can apply for your real estate license.
- Cost: $100 - $400 (application and licensing fees)
Step 6: Find a Sponsoring Broker (Varies)
Many states require new agents to work under a licensed broker. Finding the right brokerage can take anywhere from a few days to a few weeks.
- Cost: Varies (some brokerages charge desk fees or take a commission split)
Step 7: Join the MLS & Realtor Associations (1 Week)
To access listings and professional resources, most agents join their local MLS and a Realtor association.
- Cost: $500 - $1,500 per year
Total Time & Cost Estimate
- Total Time: 2 to 6 months
- Total Cost: $1,000 - $3,000
While the cost and time commitment may seem significant, becoming a real estate agent can be a rewarding career move. Planning ahead and budgeting for these expenses will help you get licensed smoothly and start your journey in real estate!
Are you ready to start your real estate journey? Check out Perry Real Estate College for top-notch pre-licensing courses to help you pass your exam and jumpstart your career!
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About the Author
Gabbi knew that real estate was the right career from the start. She is now dual licensed in both Kentucky and Ohio. She had her first sale within a month of getting licensed and hit her first million in sales volume within her first 6 months. She will have her real estate license for the rest of her life. Call her anytime if you have questions about becoming a real estate agent. She loves to share her passion for real estate with others!
