Texas offers a diverse marketplace for realtors. Recent numbers show that demand for housing in the Lone Star State is rising. However, you must first get a practicing license to become a realtor.
But how much does it cost to obtain this key document? Well, that is what this article is about. Herein, we will break down all costs and fees involved. The guide will also share tips on factors to consider when looking for a real estate course in TX.
Understanding the Basics
Before talking about costs and fees, we must highlight what you need to become a realtor in TX. The Texas Real Estate Commission regulates everything about real estate in Texas.
Check out their websites for an updated list of eligibility requirements. Understand that TX doesn’t have reciprocity with any state. Every applicant must satisfy all of the prerequisites as required by TREC.
Pre-Licensing Education Costs
Your journey towards becoming a realtor in TX starts by finishing the 180 hours of coursework. The coursework contains material on federal and state laws, ethics, and transaction policies. The cost of this program depends on the institution.
From our research, expect to spend between $100-600 or more for the program. However, you can look out for schools offering discounted packages. On average, online schools are cheaper than enrolling in a physical campus.
Your choice between online and attending a local community college will depend on your needs and learning style. But if you are interested in self-paced programs offered by e-learning platforms, try this.
Exam Registration
Most students spend around three to six months covering the coursework. Next awaits the state exam. This is something that most prospective real estate students dread most of the time. It is normal, but you can calm your exam fever by preparing well in advance.
The exam fee is $54 per attempt as of the latest information available. You can invest in exam preparation material to help you prepare for the test. Premium exam prep packages may cost you around $50-100.
What Next?
Congratulations on sitting and passing the state exam. Your next step is submitting your application documents. You must find a licensed broker to sponsor you for your license to be active.
The license application fee is around $185. This is minus the $38.25 you must pay at the fingerprint collection center for a background check. Review and approval will take a few days before you get your license.
Other Costs
You may incur other costs if you prefer to join professional associations in Texas. Attending seminars and career events may also cost you a few bucks. All of these are great for your career and will help you become a better realtor and build a solid network.
Also, learning doesn’t end after your license is activated. There are still post-licensing classes that you must finish before your license expires.
Final Takeaway
While obtaining a real estate license comes with some upfront costs, it is a worthwhile investment for those passionate about becoming realtors in TX.
