Earning a Real Estate Broker License Online
Generally you can't earn a real estate broker license over the Internet; however, pre- and post-licensure courses are available. You can earn your license in-person through a training program recognized by the state where you plan to sell real estate. Read on to learn more about the requirements and online options for these programs, what you might expect to learn in a program and what the career outlook is once you earn your license.
What Are the Requirements for a Real Estate License?
Generally, you must be 18 years of age and complete 150 hours of classes in the state where you plan to sell real estate. Some states also require a criminal background check and fingerprinting before you receive a license.
|Typical Licensure Requirements||Varies by state, but generally must be 18-years-old, complete 150 hours of classes, pass a criminal background check and complete fingerprinting|
|Online Availability||Florida and New York offer some online programs; most states offer continuing education online|
|Common Topics||Finance, real estate valuation, contractual obligations, real estate laws|
|Job Outlook (2016-2026)||6% employment growth for real estate brokers and sales agents|
|Average Salary (2018)||$58,210 for brokers and $48,690 for sales agents|
Source: U.S. Bureau of Labor Statistics
How Does Online Study Work?
Some states, such as Florida and New York, allow you to complete real estate licensing programs online. However, most states require that you complete classes in person. For states that offer online options, this can include the 72-hour pre-license exam and post-license coursework. The classes can be completed on your own time and may take less than an hour for each lesson. Continuing education for real estate brokers, which is also offered online, is required in most states for license renewal every 1-2 years.
What Do I Learn in a Real Estate Program?
Real estate broker programs will prepare you for an associate's degree or a license to sell real estate. You can expect to learn about the information behind property valuations, contracts, tenant law and sales. You'll also learn how real estate brokers market and sell property. These programs also include lecture and textbook components that explore:
- Real estate valuation
- Data Analysis
- Commercial property transactions
- Contractual obligations
- Real estate laws
What Can I Do With My Real Estate Broker License?
A license is required to sell or broker real estate throughout the United States. According to the U.S. Bureau of Labor Statistics (BLS), demand for real estate brokers and sales agents will increase by 6% between 2016 and 2026 (www.bls.gov). The BLS notes that employment in this field is related to the overall health of the economy. The BLS also reported that the average income of real estate brokers was $58,210 in May 2018, while the average income of real estate sales agents was $48,690 during the same period.