Selling real estate can be a challenging and lucrative profession, but you must obtain your license before you can start your new career. In the state of Texas, it takes a certain amount of time, dedication, and financial investment to obtain your real estate license. Before deciding to become an agent, you must first understand the certification requirements. If you believe that you will be able to complete the necessary steps, you will be able to start the process.
Real Estate License in Texas
You must first take courses that will teach you about the industry. You will need to take the principles of the real estate course, which is 60 classroom hours. Then you will need to take the Law of Agency course and the Law of Contracts course, both of which are 30 class hours. After completion of those courses, you will complete your real estate education with another 30 class hours core course of your choosing and two 30-hour core subjects or related subjects. Even after the completion of your class studies, you will have to complete the application and testing process before you are granted a license.
Once you complete your course, you will have to be fully verified. You will need to send the transcript to the state board and a $ 30 processing fee. Once your coursework is verified, you can apply for your non-active license. You have to pay an application fee, which is around one hundred dollars. The application fee is in addition to your course and exam fees, which can be quite expensive. Your application fee is non-refundable, even if your application is rejected. Once your application is approved, you will be able to take your exam.
Texas Real Estate License
The real estate test is administered by an independent company, and you will need to organize your test with PSI and not the state board. Once you sign up for your test, you will be able to download the practice test and study material from PSI’s website. You must take and pass the examination within six months of the date of your application approval.
You must also provide a fingerprint before obtaining your real estate license. Your credit report will also be checked to see if you have ever defaulted on Texas State student loans. If you have, you will be unable to become an agent. If you defaulted on Texas State student loans, you can work with the Texas Guarantee Student Loan Corporation to reach a resolution. If you file a repayment schedule, you will be eligible for your real estate license.
All new real estate agents are required to be a custodian. This mentor, who will help you get started in the industry, must be a licensed, practicing agent. Once you find a sponsor, you will be eligible to practice your real estate license, and you will be ready to start your new career.