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How Do I Obtain a Real Estate License?

If you are considering a career in real estate, you’re probably wondering: How do I obtain a real estate license in New York? If you are, you’re not alone. About 14,000 people a year search for answers to this question. However, the industry is notoriously tough on newbies. According to industry vet Tom Ferry, 87% of new agents fail within five years. That said, there are several steps you can take to increase your chances of success.

First, visit the websites of your state’s real estate commission to learn about the licensing requirements. Taking a standardized test is difficult, especially for someone who hasn’t attended school in a while. To ensure that you are prepared, it’s a good idea to take practice exams before taking the actual exam. Practice tests are a great way to gauge your knowledge before sitting for a real estate license exam.

Depending on your state, there may be reciprocity between New York and several other states. The process of obtaining a real estate license will vary slightly, so consult a lawyer before beginning the application process. Applicants must be 18 years of age, have a social security number from the United States, and have completed a high school diploma. In order to become licensed in a different state, you can apply in Colorado and other states. There is a fee associated with this process, but this is worth it in the end.

The exam will take approximately two hours in most states. Make sure to get your application in early, as the exams are usually scheduled during the afternoon. Then, you can wait up to three months until your license has become active. If you have passed the exam, you’ll have the license to begin practicing real estate in that state. If you’re serious about entering the real estate industry, you should take the time to prepare for the test before applying for your license.

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