Florida’s real estate market is dynamic, making it the perfect workplace for anyone who wants to become a realtor there. It is a rewarding career that’s worth investing in. However, before you start your journey to becoming a realtor in FL, you must understand the expenses you will incur.
This article will break down all costs involved from the pre-licensing program to continuing education courses. Also included in this guide are steps involved in the process of becoming a realtor in the Sunshine State.
Pre-Licensing Program Expenses
First, ensure that you meet all of the prerequisites before starting the program. These eligibility requirements are set by the Florida Real Estate Commission. As an applicant, you must be at least 18 years old, have no prior run-ins with the law, and have a high school-level education or its equivalent.
You can study online at RealEstateU or attend in-person classes at a local college. The fees will vary depending on the school you enroll in. On average, fees and other related costs may set you back $100-500. Some online schools offer discounted packages, which include a study plan and on-demand lecture videos.
Exam Registration
Many students fear sitting for the state exam. However, you can calm your fears by preparing well for the exam. You can purchase an exam preparation package for around $50-100. The package will come with mock tests that will familiarize you with the exam format and practice questions to test your understanding of the concepts.
The exam registration fee is around $36.75. You will tackle ninety question splits into national and state portions. You must score 70% or above to pass the test. However, if you fail on your first attempt, you can pay the registration fee and retake the test.
Getting Your License
Congratulations on making it to this step. The license application fee will set you back around $83.75, as per the latest figure on the latest information on the Florida Department of Business and Professional Regulation website.
There are additional expenses you will incur when submitting your license application. You must visit a fingerprinting center for fingerprint collection and a background check. According to our research, most applicants spent around $50 for the procedure.
Continuing Education Fees
Realtors in Florida are required to finish a 45-hour post-licensing course before their license expires. The purpose of this course is to keep you up-to-date with emerging laws and information in the real estate business.
Similar to the pre-licensing program, you can attend physical classes or study online. Expect to spend around $100-400 on the continuing education courses. Other activities like joining a professional body of realtors may cost you some money regarding membership fees.
Summing Up
Around $1,000 is enough to help you become a realtor in FL. It is a career worth investing in, especially with the latest surge in property demand and prices in Florida. You will work in a dynamic environment, helping investors purchase beachfront properties that can be converted into vacation rentals, or guiding new migrants in finding the perfect home for their families.
