Introduction
Florida’s real estate landscape is as diverse and rewarding as it gets, whether you want to work as a part-time real estate agent or build a full-time career.
Working in Florida real estate can unlock a wealth of exciting income and commission opportunities for you.
All you need to achieve this professional dream is obtain a real estate license Florida by fulfilling the license requirements of the Florida Real Estate Commission (FREC).
Miami, Tampa, Orlando and Jacksonville are popular real estate markets in FL and amongst the fastest growing in recent years.
Florida has become a hub for migrant workers and retirees from across the country who are choosing to migrate to this state for its pleasant weather and breathtaking scenic beaches.
Plus, Florida’s job market is also growing rapidly leading to higher employment opportunities and better wages.
Due to the strong economy, world-class tourism and entertainment options and a vast coastline, Florida has emerged as one of the most attractive places for migrants.
It is estimated that Florida’s population will reach 25 million by 2025, making it lucrative for real estate investors due to the strong demand for residential and commercial real estate.
Did you know that the top real estate agents in FL can earn anywhere between $100K to $150K depending on their skill level and expertise.
Imagine earning a six figure income without having to work in a conventional nine-to-five job – plus you will enjoy the emotional satisfaction of helping people achieve their goals.
Working in real estate is an exciting career move for anyone who wants to be a part of a dynamic, fast-moving industry with opportunities for personal and professional growth.
All you need to achieve this professional dream is obtain a Florida real estate license by fulfilling the license requirements of the Florida Real Estate Commission (FREC).
As per the FREC, only licensed professionals are legally allowed to work with clients and earn commissions by participating in real estate deals.
If you are keen to explore the career path of a real estate agent in Florida but are not sure about how much it will cost you, this article will answer your questions in detail.
What is the cost of completing real estate school
To become a Florida real estate agent, you must complete 63 hours of pre-licensing education.
The FREC requires every individual to complete mandatory education from a state approved college or course provider.
Pre license education will teach you about real estate laws, industry principles and the standards of working as a professional.
Note that you must choose only a state approved and accredited college or online course provider for completing your prelicensing education.
The cost of completing your education varies depending on the medium of learning, the type of college and the course package and features.
Further, it will vary on the basis of the medium of learning i.e. whether you join an in-person class or learn through online sessions.
Generally, it will cost you between $199 to $600 to complete your sales associate pre license education in Florida.
After completing pre license education, you will have to complete the next step in getting your license which is passing the Florida salesperson license exam.
What is the cost of the Florida real estate license exam
In Florida, every student must take the salesperson license exam and pass it to obtain a salesperson license.
It will cost you around $36.75 in examination fee to take the exam. If you are not able to pass the test by scoring more than 75 percent, you will have to repay the exam fee to take another attempt.
However, if you successfully pass the license exam, you can proceed to the next step which is clearing the federal background verification and criminal history check.
What is the cost of background verification check in Florida
As per the Florida Real Estate Commission (FREC), to become a licensed professional, you must meet the minimum standards of honesty, integrity and good moral conduct.
To prove your eligibility, you must clear the background verification and criminal history check by submitting an electronic scan of your fingerprints. It will cost you around $30.
What is the Florida real estate license application fee
After completing this step, you can submit your salesperson license application to the FREC for approval.
The application fee for processing a Florida salesperson license is around $84 and you can pay this online on the FREC website.
What are some additional costs involved in the process
To obtain your Florida salesperson license, you can expect to spend between $300 to $700.
After obtaining your salesperson license, you will also have to renew it and keep it updated to meet the FREC license regulations.
As per the FREC, it is mandatory for every license holder to renew their license every two years before its date of renewal.
To renew your license, you will have to bear the cost of continuing education which will cost you between $200 to $400 and a license renewal application fee of around $110.