Getting your real estate broker s license. Your first step in getting licensed is to get a usdot number which is required on the application form.
Florida requires a 72 hour broker pre license course plus a 60 hour post license course.
How hard is it to get a broker s license. Once your state application has been approved and your education is complete you can schedule your state exam with the testing center pearsonvue. Apply for a broker license and pay the 300 nonrefundable application fee in elicense. Then you can start the registration process on fmcsa s website.
Keep in mind that if you want to. In many states brokers must have two years of experience working as a sales agent but some states require only one year of experience. Other states may require three.
Test takers must score at least a 75 or higher on the state exam in order to obtain a broker s license. Give your applicant id number and full name to the school. To obtain a stock broker s license you must pass a series of examinations administered by the financial industry regulatory authority finra.
Complete 150 hours of required broker pre license education from an agency approved real estate school. In texas you will have to complete 270 hours of education on mandatory topics plus 630 hours of related courses for a total of 900 hours. In order to obtain the broker s license one must have a real estate sales associate license.
If one transacts and does deals he she should know something about what the broker s do. The basic steps for obtaining a broker license in most states include. Depending on your state you will have to take a certain number of hours approximately 20 of continuing training and renew your mortgage broker bond as well.
Depending on who handles your surety and how your credit is you ll pay a percentage of this up front and then file your certification as part of your auto broker application. When the application is processed you will receive an applicant id number by email. State laws vary on how much your bond needs to cover with amounts ranging from 10 000 to 100 000.
Overall i don t think it s that difficult to earn because one would already have the knowledge of all of the associate requirements. To qualify for a broker license one must first hold a valid real estate sales agent license and work under that license for a number of years. The tests you take may depend on the types of activities you plan to engage in and the requirements of your state s licensing bureau.
Additional requirements for auto lots. Along with filling in the freight broker application form op 1 you have to also pay the one time application fee of 300.