How to Get a real estate license in Florida
Getting your Florida real estate license might seem daunting, but with the right guidance, it’s a straightforward process. This comprehensive guide will walk you through each step, ensuring you’re well-prepared to start your real estate career in Florida. Let’s get started on your journey to becoming a licensed real estate agent.
We'll walk you through 6 easy steps
Understand the Basic Requirements
Before diving into the specifics, it’s essential to understand the basic requirements for obtaining a Florida real estate license. These are the fundamental criteria you must meet:
Age Requirement
Applicants must be at least 18 years old to apply for a real estate license in Florida. This age requirement ensures that individuals have reached a necessary level of maturity and legal responsibility for the profession.
Residency and Identification
You don’t need to be a Florida resident to obtain a license, but you must have a Social Security number. This identification is crucial for background checks and ensures compliance with state regulations. Out-of-state applicants must meet the same criteria as Florida residents.
Honesty and Integrity
Honesty and integrity are paramount. The Florida Department of Business and Professional Regulation (DBPR) will conduct a thorough background check, and any conviction of a crime may result in the denial of your license. Being upfront about any past legal issues and demonstrating rehabilitation can positively impact your application.
Step 1: Take a Real Estate Pre-Licensing Course
In Florida, you need to complete 63 hours of pre-licensing education. This course covers essential topics like real estate principles, practices, and Florida-specific laws.
Real Estate Principles (63 hours) Course Breakdown
This comprehensive course covers the fundamentals of real estate, including property ownership, land use controls, and state-specific regulations. Understanding these principles is essential for anyone entering the real estate field in Florida
Real Estate Practice and Transactions:
This category includes the practical aspects of real estate, such as conducting transactions, managing brokerage activities, understanding and executing real estate contracts, securing residential mortgages, and handling computations and the closing of transactions. It focuses on the day-to-day operations and skills needed to successfully complete real estate deals.
Legal and Regulatory Framework:
This category covers the laws and regulations governing real estate practice. It includes license law and qualifications for licensure, commission rules, authorized relationships and duties, violations and penalties, federal and state laws, titles and deeds, and legal descriptions. It emphasizes understanding the legal requirements and ensuring compliance in real estate activities.
Property and Market Analysis:
This category focuses on the analysis of property and market conditions. It includes understanding property rights, estates, tenancies, condominiums, cooperatives, community development districts, homeowner associations, and time-sharing. It also covers real estate markets and analysis, real estate appraisal, investments, taxes affecting real estate, and planning and zoning. It aims to provide insights into property values and market trends.
Choosing the Right Real Estate School
Selecting the right real estate school is crucial. Look for accredited schools that offer flexibility, especially if you have a busy schedule. Online courses can provide the convenience of studying at your own pace.
Research and Reviews:
Start by researching various real estate schools and reading reviews from past students. Look for schools with high pass rates for the real estate exam and positive feedback on their teaching methods.
Online vs. In-Person:
Decide whether you prefer online or in-person classes. Online courses offer flexibility and convenience, allowing you to study at your own pace. In-person classes provide direct interaction with instructors and peers, which can enhance your learning experience.
Course Materials and Support:
Evaluate the course materials and support services provided by the school. High-quality textbooks, interactive lessons, and access to instructors for questions can significantly impact your success. Some schools also offer additional resources like exam prep courses and study groups.
Study Tips
Daily Study Schedule:
Create a daily study schedule that covers all exam topics, ensuring regular review sessions. (Asana provides a great FREE task manager)
Flashcards:
Utilize flashcards for key terms and concepts to enhance memorization. (These Quizlet Flashcards may be helpful)
Practice Tests:
Regularly take practice tests to gauge your understanding and get familiar with the exam format. (Free Florida Real Estate Practice Exam)
Step 2: Submit Your Florida Real Estate License Application
After completing your coursework, submit your license application to the Florida Department of Business and Professional Regulation (DBPR)
Steps to Submit Your Application
Complete the Application Form: Fill out the DBPR RE 1 form available on the DBPR website. You can access the form here.
Gather Required Documents: Include proof of completed pre-licensing education and identification documents.
Schedule Fingerprinting: Use an approved Livescan service provider to complete your background check. You can find a list of providers here (Find the link to the list in the bottom section titled “List of Registered Livescan Service Providers”)
Submit Your Application: Mail or submit your application online through the DBPR’s online services portal.
Application Processing Time
The DBPR will take several weeks to process your application. During this time, they will review your transcripts and verify that you meet all the requirements. Make sure to double-check your application for completeness to avoid any delays.
Tracking Your Application
You can track the status of your application online through the DBPR’s website. Regularly checking the status can help you stay informed about any issues or additional requirements. If there are delays, contacting the DBPR directly can provide clarity and expedite the process.
Step 3: Pass the Florida Real Estate Exam
The exam is a 3.5-hour test with 100 multiple-choice questions. You need to score at least 75% to pass. Each attempt requires a new application and a fee of $37.
Salesperson Examination Content
According to PrepAgent
Real Estate Practice and Transactions
- The real estate business (1%)
- Real Estate Brokerage Activities and Procedures (12%)
- Real Estate Contracts (12%)
- Residential Mortgages (9%)
- Real Estate Related Computations and Closing of Transactions (6%)
Legal and Regulatory Framework
- License Law and Qualifications for Licensure (6%)
- Real Estate License Law and Commission Rules (2%)
- Authorized Relationships, Duties and Disclosures (7%)
- Violations of License Law, Penalties and Procedures (2%)
- Federal and State Laws Pertaining to Real Estate (4%)
- Titles, Deeds, and Ownership Restrictions (7%)
- Legal Descriptions (5%)
Property and Market Analysis
- Property Rights: Estates, Tenancies; Condominiums, Cooperatives, Community Development Districts, Homeowner Associations, and Time-Sharing (8%)
- Real Estate Markets and Analysis (1%)
- Real Estate Appraisal (8%)
- Real Estate Investments and Business Opportunity Brokerage (2%)
- Taxes Affecting Real Estate (3%)
- Planning and Zoning (1%)
Preparation Tips
Review Course Materials:
Go over the textbooks and notes from your pre-license courses. Revisiting these materials can reinforce your understanding of key concepts. Focus on areas where you feel less confident to ensure a well-rounded preparation.
Practice Exams:
Take as many practice exams as possible. This helps you get familiar with the exam format and identify areas where you need more study. Practice exams can also help you manage your time effectively during the actual test. (Free Florida Real Estate Practice Exam)
Study Groups:
Join or form study groups. Discussing topics with peers can enhance understanding and retention. Study groups provide a platform to share knowledge, ask questions, and support each other.
Exam Prep Courses:
Consider enrolling in an exam prep course for additional support and structured study. These courses often include practice exams, study guides, and expert instruction. Investing in a prep course can increase your chances of passing the exam on the first attempt.
Exam Day Tips
Arrive Early:
Ensure you arrive at the exam center early to avoid any last-minute stress. Arriving early gives you time to settle in and focus before the exam begins. Check the location and travel time in advance to plan your journey.
Bring Required Identification:
You’ll need a valid photo ID to enter the exam. Make sure your ID is current and matches the name on your application. Having all necessary documents ready can prevent any issues at the exam center.
Stay Calm and Focused:
Read each question carefully and manage your time wisely. Staying calm and composed can help you think clearly and avoid mistakes. Take deep breaths and stay positive throughout the exam.
Exam Room Etiquette:
Follow all instructions given by the exam proctors. Adhering to the rules ensures a smooth and fair testing experience for everyone. If you have any questions or issues, ask the proctors for assistance.
Step 4: Complete the Fingerprinting Requirement
After passing the exam, you must complete a fingerprinting requirement for a background check. This is a mandatory step to ensure you meet the honesty and integrity standards set by the Florida Department of Business and Professional Regulation (DBPR).
How to Get Fingerprinted
Use a Live Scan service provider approved by the Florida Department of Law Enforcement (FDLE). Live Scan is an electronic fingerprinting process that is fast and secure. Locate a service provider near you and schedule an appointment (You can get this done for around $50-$80)
Fill out and submit the appropriate form along with the fingerprinting fee. The Live Scan service provider will electronically transmit your fingerprints to the FDLE. Keep a copy of the form and receipt for your records.
Be prepared to pay the fingerprinting fee, which varies by provider. The fee typically includes the cost of the Live Scan service and the background check. Confirm the total cost when scheduling your appointment.
The DBPR will conduct a background check using your fingerprints. This check ensures you meet the honesty and integrity standards required for a real estate license. Any issues identified during the background check may need to be addressed before your license is granted.
Addressing Background Check Issues
If any issues arise during the background check, be prepared to provide additional documentation or explanations. Demonstrating honesty and taking responsibility for past actions can positively impact the DBPR’s decision. Seek legal advice if necessary to navigate any complex issues.
Step 5: Submit the Salesperson License Application
The next step is to submit the Salesperson License Application. This application confirms that you have passed the exam and completed the fingerprinting requirement.
Application Checklist
Complete DBPR RE 1 Form:
Form: Fill out the DBPR RE 1 form available on the DBPR website. Ensure all sections are completed accurately. You can access the form here.
Attach Exam Results:
Include proof that you passed the exam. This documentation is crucial for the DBPR to verify your eligibility. Keep a copy of your exam results for your records.
Include Fingerprinting Proof:
Attach your Live Scan Service form. This proof confirms that you have completed the fingerprinting requirement. Ensure all necessary signatures and details are included.
Pay the License Fee:
As of 2023, the fee is $83.75. This fee must be submitted along with your application. Keep a copy of your payment receipt for future reference.
After submitting your application, you can track its status online through the DRE’s website. Regularly checking the status can help you stay informed about any updates or additional requirements. If there are delays, contacting the DRE directly can provide clarity and expedite the process.
Step 6: Find a Real Estate Broker to Sponsor You
Once you pass the exam, you need to find a sponsoring broker to activate your license. Look for a brokerage that aligns with your goals and offers the support you need.
Considerations
Find a supportive and collaborative environment. The right culture can significantly impact your job satisfaction and success.
Understand the financial arrangements. Different brokerages offer different commission splits, so choose one that suits your financial goals.
Choose a broker who provides ample training and mentorship opportunities. Early career support is crucial for your development and success.
Questions to Ask Potential Brokers
17 Brokerage Interview Questions
- What training programs do you offer for new agents?
- How does your commission split work, and are there any additional fees?
- What kind of support and resources will I have access to?
- Can you provide references from other agents in your brokerage?
Choosing the right broker is crucial as it impacts your early career significantly. Consider top-rated brokers like eXp Realty, Keller Williams, Coldwell Banker, and Compass.
Why Join Smart Agent Alliance at eXp Realty?
When you join Smart Agent Alliance, you get double the value because you’re also automatically a Wolf Pack member. Together, Smart Agent Alliance and the Wolf Pack provide the tools, support, and expertise to elevate your business to new heights.
Smart Agent Alliance Benefits:
At Smart Agent Alliance, we prioritize organization, clarity, and efficiency to help our agents succeed. We provide essential onboarding resources, customizable presentations, business automations, client checklists, business assets, social media content, YouTube support, a growth plan, quality lead generation, production know-how, website support, and top-notch organizational tools.
Wolf Pack Benefits:
The Wolf Pack team at eXp Realty offers expert-led courses like Social Agent Academy 3.0, the Wolf Pack Hub, and the Investor Army for property flipping. We provide tailored assistance for new agents, developing agents, top producers, team leaders, and broker owners. Key resources include lead generation, production know-how, social media content, and YouTube support.
eXp Realty Benefits:
eXp Realty offers a comprehensive range of benefits for agents, focusing on top pay structures, low fees, and free stock options. Agents get an 80/20 commission splits that cap at $16,000 annually, with opportunities to earn 100% commission, receive annual stock awards and gain income through Revenue Share. Additional resources include 24/7 agent support, affordable healthcare, live training, and advanced tech tools like kvCORE and customizable IDX websites.
Financial Planning
Starting a career in real estate involves some initial costs and financial planning. Understanding these costs and planning accordingly will help you manage your finances effectively.
All stated fees are subject to change
Starting Costs
- Initial Expenses: These include licensing fees, marketing expenses, office supplies, and technology tools needed to start your career. For example, initial expenses may include:
- Pre-Licensing Course: $100-$500
- Exam Fee: $36.75 per attempt
- Application Fee: $83.75
- Fingerprinting Fee: Roughly $50-$80
- Marketing Materials: Business cards, signage, and online advertising costs
- Once you join a brokerage in Florida, many will require you to become a member of the National, State, and Local Associations of Realtors. Additionally, you’ll encounter fees for the Multiple Listing Service (MLS) and Supra Key services.
- National Association of Realtors (NAR):
- Membership Fees: For 2024, the annual dues for NAR are $156, plus a $45 special assessment fee for the Consumer Advertising Campaign, totaling $201 per year.
- Florida Association of Realtors (FAR):
- Membership Fees: The Florida Association of Realtors’ dues for 2024 are generally around $180 annually. This fee is separate from the NAR dues.
- Local Association of Realtors:
- Membership Fees: Local association fees in Florida can vary based on the specific association you join. For example:
- Orlando Regional Realtor Association (ORRA): The annual dues are approximately $250 to $300.
- Miami Association of Realtors: The dues range from $300 to $400 per year.
- Multiple Listing Service (MLS):
- Fees: MLS fees in Florida also vary depending on the region. For instance, the Miami MLS charges around $500 annually, while the Orlando MLS might charge closer to $300 per year.
- Supra Key Fees:
- Fees: In Florida, Supra Key services typically include an initial setup fee, which is around $50, and a monthly or annual service fee, costing about $20 to $25 per month.
- National Association of Realtors (NAR):
These fees are approximate and can vary slightly depending on your location and the specific associations or MLS you join. It’s always best to confirm with your local associations or MLS for the most current and accurate fee information.
Budgeting Tips
- Create a Budget: Track your expenses and forecast your income. Plan for slower months to ensure financial stability.
- Emergency Fund: Set aside an emergency fund to cover unexpected expenses or slow periods in the market
Income Management
- Commission Structure: Real estate agents typically earn commissions from sales. Understand how your brokerage’s commission structure works and how to manage irregular income streams. Commission splits can vary widely, typically ranging from 50/50 to 70/30 or higher, depending on the brokerage.
- Tax Planning: As an independent contractor, it’s important to plan for taxes. Keep track of deductible expenses, make estimated tax payments, and maintain good record-keeping practices. Consulting with a tax professional can help ensure compliance and optimize your tax strategy.
Frequently Asked Questions
What are the requirements to get a Florida real estate license?
To get a Florida real estate license, you must be at least 18 years old, have a high school diploma or equivalent, and complete 63 hours of approved pre-licensing education. Additionally, you must pass the state licensing exam and submit fingerprints for a background check.
How much does it cost to get a real estate license in Florida?
The cost to get a real estate license in Florida typically ranges from $325 to $1,000. This includes the pre-licensing course ($100-$600), application fee ($83.75), background check fee ($50-$80), and exam fee ($36.75)
How long does it take to get a real estate license in Florida?
Getting a real estate license in Florida typically takes 2 to 5 months. This timeframe includes completing 63 hours of pre-licensing education, submitting the application and fingerprints, and passing the state exam, with application processing taking about 30 days.
What is the pass rate for the Florida real estate exam?
The pass rate for the Florida real estate exam is 75% or higher. Proper preparation, including practice exams and study groups, can significantly improve your chances of passing.
What happens if I fail the Florida real estate exam?
If you fail the Florida real estate exam, you can retake it as many times as necessary. You must wait 24 hours before rescheduling your exam and pay the exam fee of for each attempt.
How do I renew my Florida real estate license?
To renew your Florida real estate license, you must complete 14 hours of Continuing Education, including 3 hours of Core Law and 3 hours of Ethics and Business Practices. Then, visit the Florida Department of Business and Professional Regulation (DBPR) website to submit your renewal application and pay the renewal fee.