Obtaining a quality education is extremely important for anyone looking to pursue a career in real estate. If you are considering becoming a real estate broker there are a couple of requirements that you will need to meet. Aspiring brokers need to make sure they have an active sales associate license for at least 24 months out of the last 5 years and must have completed their sales associate post license courses. Once they have met these requirements they will need to take the real estate broker pre-license course, submit an application to the state with electronic fingerprinting and take the state exam. Keep reading to discover the details of the educational requirements.
In the first stage of your real estate broker education, you will complete a 72 hour pre-license course. Course schedules vary but can be completed in as little as 8 days or spread out over many weeks. At IFREC Real Estate Schools we offer this course in different formats to better assist in meeting your educational needs within the boundaries of your own lifestyle. This class is in-depth and covers key topics that brokers must have knowledge of including appraisal, finance, investment and business management. The class emphasizes the importance of conducting ethical business practices and what is legally acceptable when acting as a real estate broker. In order to pass the course, you must earn a score of at least 70 percent on the end of course exam. Once you have successfully completed the course and have passed your state exam with a grade of 75 or higher you will be issued your broker’s license. Your initial licensure period will be anywhere from 18 to 24 months. All new brokers must complete 60 hours of post license education prior to their first expiration date of their license.
Post License Course
After you receive your broker license, you will need to complete at least 60 hours of post licensing coursework. The post license course is offered in 30 hour modules and course topics will cover varied and relevant subjects for new brokers. In order to pass a post license course, you must score at least a 75 percent on the end of course exam.
Once you you have successfully renewed your initial license and met your post licensing requirement, all subsequent renewals will require completion of the 14 hour continuing education course to maintain your license. You must renew your broker’s license every two years either on March 31st or September 30th depending on your initial licensure date. Continuing to take classes even after you have earned your broker’s license is important because real estate is an ever changing field; it is important to be on top of the latest trends in the industry so you can stay ahead of your competition.
Each of the three stages of becoming a licensed real estate broker teaches you valuable information and provides the foundational knowledge for your career. When completing your education requirements, it is important to choose the school that provides the best resources for you to be successful in your schooling and ultimately your career as a broker. As Central Florida’s oldest and largest privately owned real estate school, IFREC has experienced instructors and high quality resources to assist you in your broker education. You could become one of the many thousands of successful students that earned their education at IFREC. Start working toward your future career as a broker with IFREC today.