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How can I become a Real Estate Broker
I am. college student that real enjoys learning about history and math. #real-estate #history
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Brayden’s Answer
Hello!
Ultimately it will depend on the type of real-estate you want to pursue that will determine the steps in become a broker. For many commercial real estate jobs while its not required, its recommended that you attend a 4 year university and obtain some type of business degree. The reason for that is because in commercial real estate you are dealing with more advanced business practices and it can be more complex that you simple selling a residential houses. Even for residential however I know people who have gotten their business degree but its definitely not required. For all states you will have to pass a real estate license test in order to then start selling properties and then from there can begin selling.
Hopefully this helps!
Ultimately it will depend on the type of real-estate you want to pursue that will determine the steps in become a broker. For many commercial real estate jobs while its not required, its recommended that you attend a 4 year university and obtain some type of business degree. The reason for that is because in commercial real estate you are dealing with more advanced business practices and it can be more complex that you simple selling a residential houses. Even for residential however I know people who have gotten their business degree but its definitely not required. For all states you will have to pass a real estate license test in order to then start selling properties and then from there can begin selling.
Hopefully this helps!
Updated
Anthony’s Answer
Hi Giter,
I think a good place to start researching this would be with the U.S. Bureau of Labor Statistics. The BLS maintains an online database where you can see not only pay information, but also learn more about what job skills/degrees/certifications would be useful, what the outlook for the industry is expected to be over the next ten years, and even dive into the employment and pay data by state or geographic location.
Below is the education criteria they suggest for anyone interested in becoming a Real Estate Broker:
"Real estate brokers and sales agents must complete some real estate courses to be eligible for licensure. Although most brokers and agents must take state-accredited prelicensing courses to become licensed, some states may waive this requirement if the candidate has taken college courses in real estate.
As the real estate market becomes more competitive and complex, some employers are preferring to hire candidates with a college degree. Some community colleges, colleges, and universities offer courses in real estate. Some offer associate’s and bachelor’s degree programs in real estate, and many others offer certificate programs. Courses in finance, business administration, economics, and law also can be useful.
To obtain a broker’s license, individuals generally need 1 to 3 years of experience as a licensed sales agent. They also must take additional formal training courses. In some states, a bachelor’s degree may be substituted in place of some experience or training requirements."
I highly encourage you to take a look at the data yourself; you can find the statistics for Real Estate Brokers and Sales Agents here: https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm
I think a good place to start researching this would be with the U.S. Bureau of Labor Statistics. The BLS maintains an online database where you can see not only pay information, but also learn more about what job skills/degrees/certifications would be useful, what the outlook for the industry is expected to be over the next ten years, and even dive into the employment and pay data by state or geographic location.
Below is the education criteria they suggest for anyone interested in becoming a Real Estate Broker:
"Real estate brokers and sales agents must complete some real estate courses to be eligible for licensure. Although most brokers and agents must take state-accredited prelicensing courses to become licensed, some states may waive this requirement if the candidate has taken college courses in real estate.
As the real estate market becomes more competitive and complex, some employers are preferring to hire candidates with a college degree. Some community colleges, colleges, and universities offer courses in real estate. Some offer associate’s and bachelor’s degree programs in real estate, and many others offer certificate programs. Courses in finance, business administration, economics, and law also can be useful.
To obtain a broker’s license, individuals generally need 1 to 3 years of experience as a licensed sales agent. They also must take additional formal training courses. In some states, a bachelor’s degree may be substituted in place of some experience or training requirements."
I highly encourage you to take a look at the data yourself; you can find the statistics for Real Estate Brokers and Sales Agents here: https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm
Updated
Shatorri’s Answer
Hello Giter,
My biggest recommendation is to start the process of getting your real estate license first. Get your feet wet by actively working in the field and then determine which way in the industry you would like to go. Per New York's requirements:
Real Estate Salesperson Prelicensing Education Requirements
A. Be 18 years old
B. Complete the 75-hour salesperson qualifying education course
C. Prior to July 1, 2008, any applicant who completed a 45-hour salesperson qualifying course may complete the 30-hour remedial course in order to qualify for licensure
* New York state requires proctoring for the final exam at a location within the state of New York
* Exams should be scheduled once the education has been completed but days before the desired exam date
*To see testing facilities, visit here: www.kapre.com/real-estate-courses/new-york/new-york-exam-proctoring-information
*Be sponsored by a licensed broker
D. Pass the examination administered by the Department of State
E. For more information, please review the state’s website: www.dos.ny.gov/licensing/re_salesperson/re_sales_broker_faq.html#3
F. For information on how to apply for licensure, please visit the following link: www.dos.ny.gov/licensing/eaccessny_faq.html#7
Real Estate Broker Prelicensing Education Requirements
A. Be at least 20 years or older
B. Complete 120 hours of education
C. Have actively participated in the general real estate brokerage business as a licensed real estate salesperson under the supervision of a licensed real estate broker for a period of no less than two years or has had the equivalent experience for three years in the general real estate business
D. Completion of a school-administered proctored examination is required
*New York state requires proctoring for the final exam at a location within the state of New York
* Exams should be scheduled once the education has been completed but days before the desired exam date
*To see testing facilities, visit here: www.kapre.com/real-estate-courses/new-york/new-york-exam-proctoring-information
Once Pass the exam provided by the state for the Broker Exam
*Submit a completed application and the required fee to the Department of State.
Prior to filing this application, all proposed business names must be submitted, in writing, to the Division of Licensing Services for approval. Upon approval of the name you wish to use, you must then file the appropriate document with either the respective County Clerk’s office or the NYS Department of State, Division of Corporations.
*Meet the minimum points required for the experience type, (e.g., buying and selling your own property, managing property owned by your employer), have satisfactorily completed both the qualifying salesperson course of 75 hours and an additional 45-hour real estate broker course as approved by the Secretary of State
*Have a current NYS photo driver’s license or non-driver ID card
*Photo ID Cards
My biggest recommendation is to start the process of getting your real estate license first. Get your feet wet by actively working in the field and then determine which way in the industry you would like to go. Per New York's requirements:
Real Estate Salesperson Prelicensing Education Requirements
A. Be 18 years old
B. Complete the 75-hour salesperson qualifying education course
C. Prior to July 1, 2008, any applicant who completed a 45-hour salesperson qualifying course may complete the 30-hour remedial course in order to qualify for licensure
* New York state requires proctoring for the final exam at a location within the state of New York
* Exams should be scheduled once the education has been completed but days before the desired exam date
*To see testing facilities, visit here: www.kapre.com/real-estate-courses/new-york/new-york-exam-proctoring-information
*Be sponsored by a licensed broker
D. Pass the examination administered by the Department of State
E. For more information, please review the state’s website: www.dos.ny.gov/licensing/re_salesperson/re_sales_broker_faq.html#3
F. For information on how to apply for licensure, please visit the following link: www.dos.ny.gov/licensing/eaccessny_faq.html#7
Real Estate Broker Prelicensing Education Requirements
A. Be at least 20 years or older
B. Complete 120 hours of education
C. Have actively participated in the general real estate brokerage business as a licensed real estate salesperson under the supervision of a licensed real estate broker for a period of no less than two years or has had the equivalent experience for three years in the general real estate business
D. Completion of a school-administered proctored examination is required
*New York state requires proctoring for the final exam at a location within the state of New York
* Exams should be scheduled once the education has been completed but days before the desired exam date
*To see testing facilities, visit here: www.kapre.com/real-estate-courses/new-york/new-york-exam-proctoring-information
Once Pass the exam provided by the state for the Broker Exam
*Submit a completed application and the required fee to the Department of State.
Prior to filing this application, all proposed business names must be submitted, in writing, to the Division of Licensing Services for approval. Upon approval of the name you wish to use, you must then file the appropriate document with either the respective County Clerk’s office or the NYS Department of State, Division of Corporations.
*Meet the minimum points required for the experience type, (e.g., buying and selling your own property, managing property owned by your employer), have satisfactorily completed both the qualifying salesperson course of 75 hours and an additional 45-hour real estate broker course as approved by the Secretary of State
*Have a current NYS photo driver’s license or non-driver ID card
*Photo ID Cards