How Much Will Does It Cost You to Get a TX Realtor’s License?
Texas's property market is experiencing massive growth, as per recent studies. The number of people moving to Texas is skyrocketing, leading to an increase in the demand for houses. All this is great news for agents and real estate investors.
However, you must have a practicing license to work as a realtor in TX. The licensure process is simple, especially with the presence of online classes. But the question of the day is, how much money will you need to become a realtor in TX?
Let's break down the expenses of securing your Texas real estate license.
Pre-Licensing Program Fees
Education can be expensive depending on the pre-licensing course you choose. In-person courses are ideal if you want interaction and networking opportunities. However, they aren't flexible and may not work out for you if you have a full-time day job.
On average, in-person classes are more expensive than online programs. Expect to spend between $500-1,000. Online pre-licensing programs are cheaper and more convenient if you prefer self-paced study guides. As per our research, you can find quality online pre-licensing programs for around $250. Click here for more information on the course details if you are interested.
Exams Fees and Preparation Packages
Exams will test how well you understand the pre-licensing material. Getting exam fever is normal, so don't stress too much about it. However, take time and prepare for the exam before scheduling the examination date and test location. Registering for the Texas realtor’s licensing exam will set you back $42 for every attempt.
You can purchase exam prep materials or courses to help you study for the test. These packages will help you study for the test, and they include practice tests to help you get familiar with the exam format. However, you can scour the internet for free materials if you don’t have the extra $100 for an exam prep package.
Licensure and Background Checks
Passing the exams is a major milestone, and you deserve a pat on the back for reaching this stage. All the remaining phases are simple, and if everything goes right, you will become a licensed realtor in Texas. All that’s left is submitting your application to TREC and background checks to ensure that you are fit to work as a realtor in TX.
The whole process costs around $185. Your license is valid for two years, and you must start working on renewing it to avoid being out of work because of an expired license. The renewal process is different but easier than getting a license for the first time.
Other Expenses
You must consider transport fees if you opt to attend in-person classes. However, if you live near the school, this won't be an issue. Also, don't shy away from paying to attend industry-related events like seminars and expos. They are perfect grounds for networking and connecting with other experienced pros.
Last, consider joining a professional body in Texas. Joining a real estate agent association can provide valuable resources and will boost your standing as a professional in Texas’s property market.
