Tuesday, May 10, 2011

Obtaining a Real Estate License

Each state has its own regulations as it relates to obtaining a license to sell real estate.  Typically there is an education requirement and a testing requirement to demonstrate basic knowledge of the laws, both federal and state, related to real estate sales.

It is important to find a school that is accredited to teach the required material.  It is best to find a school that has a history of success in teaching its students the material.  One indication is the length of time that the school has been operating.  Another indication of success is the pass rate of its students – the percentage of its students pass the test.

Often real estate companies have their own real estate school.  It is a good way for the company to have the first opportunity to hire you as a real estate agent when you complete the course and obtain your license.  It is also a good way for the prospective agent to learn more about a company before commit to a broker.

The best way to find a real estate school is to contact a few local real estate companies and ask them to refer you to several options for obtaining the required training.

There are options besides formal classroom training as well.  A student can take the course material through an online study program or through a DVD program.  There may even be self-study options.  The best course to follow will depend on the individual’s study habits and preferences as well as their ability to be disciplined in their study.  Many home-study student end up taking much longer to complete the course work because they don’t have the “classroom” to be accountable to.

If you are looking for options in the Milwaukee area to complete the course requirements, send me an email, and I would be happy to let you know about your options.  You can contact me at sallen@shorewest.com.

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