A Complete Guide To Getting Your North Carolina Real Estate License
There is an abundance of career opportunities in the real estate industry. Becoming a licensed North Carolina real estate agent can help you succeed in this competitive field.
To become a licensed real estate agent, you must meet certain eligibility requirements and complete the necessary education and licensing processes.
Read on to learn more about taking a North Carolina real estate licensing course.
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Decide What Broker You Want To Be
Depending on the type of real estate agent you want to be, certain prerequisites must be met. General real estate agents will need to have a two-year associate real estate agent license. Associates will need a one-year general license.
But before deciding which license type is right for you, keep in mind that each type has pros and cons.
The general license gives you more freedom to work with various clients and brokerages. However, you will be responsible for managing your own taxes and insurance. On the other hand, the associate license gives you less freedom, but you will not be responsible for the business-related aspects of the job.
Make Sure You Have All the Requirements To Be a Real Estate Broker
Before starting your real estate education, you’ll need to know that brokers must have a college degree in any field, two years of work experience, and pass the licensing exam.
If you have a degree and relevant work experience, you can pick up a real estate course in a short amount of time. To get your real estate license as a broker, you’ll need to earn 120 credits in a state-approved real estate education course.
States typically award one credit for every 30 hours of study, so you can expect to spend about two years in school. You can accelerate the process by taking classes full-time.
Find a Good Real Estate School
Many real estate programs are offered in a hybrid format, which means you will attend some classes in person and others online.
An online class means earning your real estate license without ever setting foot in a brick-and-mortar classroom.
You can find real estate schools online, but keep in mind that some states, like North Carolina, also regulate online real estate schools. They make sure only those programs that offer quality instruction receive a state endorsement.
Attend Classes and Sessions
While attending real estate school, you’ll gain hands-on experience by meeting with clients, participating in mock negotiations, and completing real-life transactions. You may also conduct a detailed market analysis of a specific area and learn how to use real estate software.
Keep in mind that the time it takes to complete your real estate school coursework will depend on the pace at which your school offers classes. You don’t want to fall behind on your required hours.
If you need to take more than one course per week, it’s best to choose a school that offers accelerated courses.
Take and Pass the State Exam
You’ll need to take and pass the state exam to earn your real estate license and become a real estate broker.
Your state’s real estate commission (the North Carolina Real Estate Commission in this case) will provide you with information about how to apply for your real estate license once you’ve met the necessary requirements.
In Conclusion
Becoming a licensed real estate agent in North Carolina is not something to undertake lightly. You must ensure you meet all the educational and licensing requirements and then study and prepare for the state exam.
Whether you choose a full-time or part-time course, the rewards of this career are significant as you’ll soon find out by earning your North Carolina real estate licensing.