If you are reading this article, you have probably contemplated a career in real estate. You may have started to think that being a Realtor is a profession that takes a great deal of work, but brings much satisfaction, both personal and monetary, if you are willing to work diligently to develop your career. Becoming a Realtor in San Antonio is not hard. It may take some planning and dedication, but before you know it, you will be on the path to a career in real estate. Read on to find out everything you need to know to become a Realtor in San Antonio.
To obtain a real estate license, you must:
- Be at least 18 years of age.
- Be a citizen of the United States or a lawfully admitted alien.
- Be a legal resident of Texas.
- Complete high school or its equivalent.
- Complete pre-licensing classroom hours in a state accredited real estate school.
- Complete a licensing application and submit any required licensing fees.
- Successfully complete the real estate license exam with a score of 75 or better.
- Successfully complete post-licensing classroom hours within the specified period.
Choosing a Real Estate School
The Texas Real Estate Commission (TREC) website has a list of qualified real estate license education providers. Champions School of Real Estate a real estate school with a San Antonio campus and is a popular choice for those that prefer to attend classes in person. The San Antonio Board of Realtors (SABOR) also offers classes, as well as many local colleges, private real estate schools, and on-line providers. A word to the wise: if you take classes on-line, make sure they meet TREC requirements!
Once you have choosen a real estate school, the following classes are required for a Texas real estate agent sales license:
- Principles of Real Estate [60 classroom hours]
- Law of Agency (30 classroom hours)
- Law of Contracts (30 classroom hours)
- Promulgated Contracts Forms (30 classroom hours)
- Real Estate Finance (30 classroom hours)
After you have completed all of your required real estate classes, it will be time to complete your application. You must submit your education course completion documents when you file your application. Expert tip: make sure you do not submit original transcripts or course completion documents; keep originals and send photocopies to TREC.
Applying for Your Real Estate License
There are a number of costs associated with becoming a Realtor. All applicants must pay an application fee of $205. In addition, if you have been previously fingerprinted forTREC, you must pay a subsequent background-checking fee of $29.75. If you submit your application by mail instead of online, you must pay a $20 processing fee. If you submit any paper document for a transaction that is available online, you must include a $20 paper-processing fee. All fees are nonrefundable.
Tip: make sure you apply online; the on-line application travels through the system much faster than a paper-based application. Paper-based applications face delays of regular mail communication and other factors, such as data entry time and processing of your check payment.
Taking the Test
Once your application has been processed, you are ready to take your exam. Pearson VUE, an independent service company, administers the test. You will receive notification that you are eligible to sit for the exam along with instructions for contacting an exam administrator and how to obtain a Candidate Handbook. The Candidate Handbook contains information about the examination, along with study material, and instructions for making an exam reservation.
When you arrive at the testing site, the name on your identification must match the name on your application, and you must present two forms of current signature identification for admission to your testing site. You must pass the examination within one year after you file your application with TREC. You must pass all sections of the test or you will be required to take the test again... and pay the fee... again.
Finding a Broker to Sponsor You
Before you can practice as a licensed sales agent, you must arrange for a Texas real estate broker holding an active license to sponsor you as a sales agent. However, how do you find a broker to sponsor you?
It's always a good idea to put together a letter in introduction that explains a bit about your background, your goals in real estate, and what you are seeking from the broker you choose to sponsor you. Send your letter to area companies that interest you, asking them for an interview.
There are many factors to consider when choosing a broker. During your interview, do not be hesitant to ask about anything that is important to you. The following questions will get you started:
- Does the broker provide training or have a mentor program?
- What is the commission split?
- What type of support do you provide your agents? (Advertising, brochures, company letterhead, business cards, etc.)
- How many full time agents and part-time agents do you have and what is the average tenure of your agents?
- Do you have weekly sales meetings and property tours and can you attend a sales meeting and spend some time in the office prior to making a final commitment?
Remember, you are going to be interviewing brokers to find which provides what you need to be a successful real estate agent. There are many different types and sizes of real estate offices. When you are starting out, it may be a good idea to go with a larger company, as they will most likely have the experience and personnel to help you get started. For example, Keller Williams is dedicated to providing top-notch, comprehensive training to its agents- something that is priceless for a new agent.
You are not required to have a sponsoring broker when you file an application for a license. There will be a Sales Agent Sponsorship Form included with the application materials, so you may file the sponsorship request along with the application if you wish to do so. TREC will send your active sales agent license to your broker once you have met all the licensing requirements.
Remember: you may NOT perform any act for which a real estate license is required until your active Texas Real Estate Commission license is in the possession of your sponsoring broker.
A career in real estate is exciting and rewarding. Getting a real estate license is not difficult if you follow the steps in this article detailing how to become a Realtor in San Antonio. The benefits are many, among them:
- Real estate is a fast-paced and rewarding industry.
- You have the ability to set your own hours.
- You can make the dream of owning a home come true for others.
- The commissions that you will receive can be very high if you are willing to make real estate a full-time profession.
After you have considered your motivation for a real estate career, look at your personal qualifications, as well as those required by the state of Texas. Then, take classes, complete your application, and find a broker to sponsor you. With dedication, in a few years, you may be advising others on how to become a realtor in order to enjoy the success you are experiencing!
Interested in interviewing Keller Williams as your broker? We want to hear from you!