According to the National Council of Real Estate Brokers, the average American will change careers seven times in their lifetime. To become a real estate agent, you’ll need to get your real estate license first. A real estate license is a certification that enables an individual to work as a real estate agent at any broker or agency, whether it’s private or commercial.
With so many different licenses available today, knowing which one is right for you and your career goals can take time and effort. Read on to learn more about what is a Florida real estate license and why you need one.
Types of Real Estate Licenses
There are three types of real estate agents: brokers, sales associates, and agents. Where you fall in this spectrum will determine what type of license you need to get and what you’re allowed to do. – Brokers – A broker is the highest-ranking license on the spectrum and is able to work as a one-person business. They can place clients under contract, close deals, and earn a commission on each sale. If you want to run your own business and be your own boss, this is the license for you. – Sales associates – A sales associate is a real estate agent who works for a brokerage and is given the authority to negotiate and close sales. Sales associates can work on commission or on a salary. If you want to work for an agency, this license is right for you. – Agents – An agent is the most common license and is the best option for beginners. Agents are able to participate in most aspects of the real estate process, including showing properties, writing offers, and fielding questions from clients. Agents must work under a broker.
Why Get a Real Estate License?
As we mentioned above, there are many reasons why a real estate license can be beneficial for your career. Once you’ve earned your license, you’ll have more career options to choose from. This means you’ll be able to find work with a wider variety of companies, including real estate brokers, special agencies, and property management groups. You’ll also be able to earn more money than without licensure. Real estate agents typically earn a median annual salary of $44,000, according to the Bureau of Labor Statistics. Earning a license will allow you to get paid more for the same work, increasing your earning potential. If you decide to go into property management, a license is also required to manage property.
How to Earn Your Florida Real Estate License
The type of license you’re looking for will determine the type of prerequisites you need to obtain that license. If you’re looking to earn your Florida real estate license, there are a few extra steps you’ll need to take. – First, you’ll need to become a Florida resident. This can take anywhere from 90 to 180 days, depending on how quickly you can provide the required documentation. – Next, you’ll need to pass the educational requirements. There are two ways you can do this: Attend a state-approved Florida school for 16 hours and pass the state exam OR complete the National Council of Real Estate exam.
Confirming Your Career Choice is a Good Idea
Real estate agents earn a living by helping clients buy or sell property. Because you’ll be dealing with people’s finances, hopes, and dreams, it’s important to make sure this is the career for you before pursuing licensure. Before you get too far down the path to licensure, try to imagine yourself doing the job. Talk with other real estate agents to see if it’s a job you’re interested in doing. If you’re unsure, it’s a good idea to try something else first, like working as a virtual assistant or freelance writer. This will give you a little more insight into the field and help you decide if real estate is right for you.
How to Become a Real Estate Agent in Florida
To become a real estate agent in Florida, you’ll need to complete the above process. However, you’ll also need to take a few extra steps before you’re able to sit for the state exam. Once you’ve passed the educational requirements, you’ll need to apply for a registration with the Florida Real Estate Commission. Next, you’ll need to take a fingerprint and background check. You’ll also need to show proof of your identity, legal address, and Social Security number. Once your registration is approved, you’ll be able to sit for the state exam.
Final Words: Is Becoming a Realtor Worth It?
Becoming a real estate agent can be an excellent career choice, providing you with a flexible schedule to help you raise a family, pay off debt, or travel the globe. It can be one of the most rewarding and profitable professions, making it well worth the initial investment. Just make sure you’re ready for the commitment and hours it will take to succeed.