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In order to become a real estate broker, it is important to possess the right mix of formal training and experience with the real estate profession, and comply with requirements set in place by the local jurisdiction. In some cases, the process to move into this position in real estate sales can be managed in a short time. However, people who are beginning the process with no prior experience or standing in real estate should be prepared to spend at least a few years in preparing for the broker exam required in many jurisdictions.
A good way to begin the process to become a real estate broker is to gain experience in the real estate industry. This can be accomplished by working as a real estate agent or licensee. The credentials required for both positions are also necessary for a broker, and will help you partially fulfill any training requirements that apply in your area. At the same time, these roles will help you gain the practical experience required to reach your goal of becoming a broker.
Depending on where you live, you may be required to work in the real estate industry anywhere from three to five years before you can become a real estate broker. The good news is that during this time, you can also complete the formal education required before you can take the broker exam. In many jurisdictions, you will need a minimum of ninety hours of in-class study as well as your practical experience before you will be allowed to take the real estate exam that will grant you the credentials to function as a broker.
Keep in mind that there may be more than one real estate test required before you can become a real estate broker. In some countries, you will be required to successfully complete both a local and a national examination before you can apply for a broker’s license. Your state level real estate department or agency can advise you on the qualifications you must meet before taking either exam, and also provide you with instructions about how to apply for inclusion in the next regularly scheduled round of examinations.
Once you have successfully passed your exams, you can apply for your license to become a real estate broker. Generally, there are specific forms that must be submitted and approved. Many jurisdictions require that you submit a fee along with the application. If your credentials are in order and your payment is successfully processed, you will receive your broker license and can begin to build your new career in the world of real estate.