If you’re passionate about real estate and want to break into the industry, you might wonder if getting your real estate license online is possible. After all, most state licensing requirements are for a local or in-person test that must be taken at a designated testing center. So how can you get your license online? The answer is: by getting an alternative qualifying process and acquiring an “unrestricted broker license” instead of a real estate agent one. While getting your unrestricted broker license might sound like another weird insider term, this article will explain exactly what it is and how you can get yours in as little as six months.
What is an unrestricted broker license?
An unrestricted broker license allows you to be a broker in your own right and work to help clients buy and sell homes in exchange for a commission. Most people who get their real estate license do so to become a real estate agent, a licensed professional representing their clients when buying or selling a home. However, you can obtain an unrestricted broker license, which allows you to work as a broker without needing an agent, allowing you to work directly with the seller or buyer at no cost to them. Typically, you’ll need to have five years of experience to get an unrestricted broker license, but there are some states where you can get your unrestricted broker license online before you hit that mark.
How to get your Real Estate License Online
Before you begin the process of getting your real estate license online, you need to get licensed in your state. This can be done at the same time as getting your federal real estate license, and both can be done online. Once you have your state license, you can obtain your federal real estate license online by filling out a form and paying a small fee. If you want to get your real estate license online, you’ll need to apply for an alternate qualifying process, which is basically a different path to getting your license that is available in some states. The alternate qualifying process will take longer than the regular method, but it can also be done online. Once you’ve completed the alternate qualifying process and are licensed, you can apply for your unrestricted broker license online. Getting your unrestricted broker license online can be done in as little as six months, meaning you can be a real estate broker as soon as you’re finished.
What does an unrestricted broker license allow you to do?
An unrestricted broker license allows you to work as a broker in your own right in exchange for a commission, which is a percentage of the sale price that you get paid. You can work with a client to help them buy or sell a home without an agent, allowing you to keep all the commission in your own pocket. This frees you to work with clients without splitting the commission with another agent. An unrestricted broker license allows you to open your own brokerage company and hire agents. This means you can hire other people and earn a percentage of their sales and get a percentage of your sales.
Real estate is a rewarding industry; getting your license online will allow you to break into it faster and more easily than the standard method. With an unrestricted broker license, you’ll be able to work independently, earning a commission on every sale. In addition, you’ll be able to open your own real estate brokerage company and hire agents to help you sell houses when you get your license online. With an unrestricted broker license, you can get your real estate license online and start making money as a broker sooner than you might have expected.