Introduction
Ready to start your real estate career in Texas?
You’ve made the right choice because Texas is the Lone Star state and is offering growth opportunities and six figure salary prospects to licensed salespersons and brokers.
Texas is one of the country’s hottest real estate markets right now. It is witnessing record demand for residential and commercial real estate.
With increasing average home value and surging inventory levels, homebuyers and investors are looking to grab a pie of Texas’ real estate landscape.
Home to popular cities like Austin, Dallas and San Antonio, the real estate outlook for Texas is looking promising.
Buyers are flocking to Texas to buy their dream homes and real estate investors are also showing significant interest in the state’s housing boom.
Rated as the country’s 9th highest state in terms of GDP, Texas’ economy is stable and resilient.
Plus, there is no state tax in Texas which further enhances its appeal for homebuyers and real estate investors.
This means if you are an aspiring real estate agent or a broker, now could be a good time to venture into the Lone Star state.
Did you know that you can make around $100,000 in annual salary with a 6% commission rate, which is higher than anywhere else in the country.
Plus you will also get opportunities to make extra commission and enjoy additional perks.
Every year, numerous individuals aspire to join the real estate industry and build a successful and thriving career.
A career in real estate offers a high earning potential, a flexible work-life balance and the freedom to be your own boss in a few years.
Plus, you will get the emotional satisfaction of helping people buy their dream home.
If you are interested in getting your real estate license Texas, then it is certainly possible as long as you are aware of the requirements and the steps to fulfill them.
Let us give you a quick overview on how to become a licensed real estate salesperson in TX and give your career the flying start it needs.
What are the Licensing Requirements in Texas
Like most states, Texas requires aspiring real estate professionals to earn a state approved and issued license.
As per the Texas Real Estate Commission (TREC), all applicants must fulfill the state licensing requirements to become eligible.
To start with, you must fulfill the basic statutory eligibility requirements which are:
- Individuals must be 18 years of age or older
- Individuals must be a legal resident of the U.S.
- Individuals must have a high school education or GED equivalent
Only if you meet the above criteria, you can proceed to the next set of licensing requirements.
Note that some states might require a bachelor’s degree but Texas is not one of them.
However, the TREC requires all applicants to complete mandatory pre-licensing education to gain the required knowledge and understanding of the real estate industry, including its laws, regulations and guidelines.
In Texas, you are required to complete a minimum of 180 hours of pre-licensing
coursework from a state approved education provider.
Pre licensing coursework is formulated to give you an understanding of the fundamental principles and core concepts of working in the real estate industry.
It includes mandatory courses such as:
- Principles of Real Estate: Worth 60 course hours (mandatory)
- Law of Agency: Worth 30 course hours (mandatory)
- Law of Contracts: Worth 30 course hours (mandatory)
- Promulgated Contract Forms: Worth 30 course hours (mandatory)
- Real Estate Finance: Worth 30 course hours (mandatory)
Luckily, students have the flexibility and freedom to choose their preferred medium of learning.
Compared to in-classroom learning, many students choose to enroll in an online real estate pre licensing course to complete their coursework and gain the required knowledge.
If you are looking for a state approved real estate prep course, you can explore RealEstateU which offers a range of study packages and plans to meet your educational needs.
Online courses are popular among students as it allows more flexibility and time savings.
Taking the Texas Real Estate Licensing Exam
After you have successfully completed 180 hours of pre licensing course work in Texas, the next step is to take and pass the real estate salesperson licensing exam.
The exam consists of 125 multiple choice questions covering both state and national specific portions.
You will get 240 minutes total to attempt the questions and you must score at least 70% in the final licensing exam to clear the exam.
It is mandatory for all applicants to take and pass the licensing exam in order to become eligible for a real estate license in Texas.
Preparing for the Texas Real Estate Licensing Exam
Many students find it overwhelming to prepare for the licensing exam, especially if they are attempting it for the first time.
The key to acing the license exam is to master the fundamental laws and regulations for real estate professionals as most of the exam questions are based on your pre licensing topics.
It is important that you go through prep materials such as mock tests and previous years’ questions to prepare better.
