Are you looking to change jobs and embark on an exciting career in Florida? You may be considering getting into real estate; which could well be an exciting venture, not to mention the chances it will give you to earn almost limitless amounts. However, before you venture into real estate, you need to find out how much a real estate license in Florida costs.
It is crucial to have a clear understanding of the Florida realtor license cost so that you can prepare and budget accordingly. In this article, we look at the various components that make up the cost of getting a real estate license, so you can find the answer to the question “How much is a real estate license in Florida?”.
The cost of real estate school in Florida
One of the primary expenses in the process of obtaining your real estate license in Florida is the cost of your pre-licensing course. The state makes it mandatory for aspiring real estate professionals to complete a course with an approved provider and complete 63 hours of coursework before they can become an agent. And this means you need to address the question: “How much is a real estate school in Florida?”
However, the cost of real estate school in Florida depends on the school you choose. You have the option to go for online courses, hybrid, or even a conventional classroom setting. You must research and choose a reputable school that fits your schedule, budget, and learning style. The cost of a pre-licensing course can range somewhere between $200 and $500 and can even go higher depending on the school you choose and other factors.
The examination fee
You must pass the Florida real estate exam to get your license. Of course, you also have to pay for the exam, so you need to have an idea of how much the real estate exam is in Florida. The exam fee is around $36 per attempt. It would be best to prepare adequately for your exam to avoid having to retake the exam and spending more on the exam.
License fee
Another component of the Florida real estate license cost is the application fee for the real estate license which is $90. In addition, you must pay an amount for fingerprinting which is about $50.
After you pass the real estate exam you will be issued with a license that will be valid for two years, after which, you need to renew it. The renewal fee for a sales associate license is roughly $60, and for a broker is around $70. You should keep tabs on your license expiration date so you don’t pay late fees.
Other considerations
Besides the real estate fees, exam fees, and license application fees, you may incur other costs such as association membership fees which can be in the range of $100 to $500. While it is not mandatory to join any associations, it is crucial for your career progression because they offer networking opportunities and extra resources for career growth. You may also spend some money on continuous education and other things necessary for your real estate career.
Conclusion
The process of obtaining your real estate license in Florida involves a financial commitment, and it is crucial to start by trying to work out how much the total cost of a real estate license in Florida is. This can help you to be well-prepared and set aside enough money to see you through successfully and in the shortest time possible.