License Application Once you pass your Utah license exam it is time to apply for your Utah real estate license. You have 90 days from the time you pass your exam to apply for your real estate license and the cost will be $152 . You have now covered all of the requirements and cost to become a real estate agent.
Take 120 hours of approved education at a certified Real Estate Pre-License School as outlined in the Real Estate Pre-License Education Curriculum. This education must be completed no longer than one year before applying for a license. Take and pass the Sales Agent exam.
After you complete Real Estate school, in order to be eligible for a license, you need to take the exam . You can find out more about it here. Often times we’re asked if it is difficult to pass the test. The answer is no, it’s not difficult as long as you’re prepared!
Real estate agents are allowed to hold licenses in multiple states . Many states have reciprocity agreements, meaning if you ‘re licensed in a state with a reciprocity agreement with neighboring states , you can sell property outside of your state of residence, provided you meet your neighboring state’s requirements.
A major reason why real estate agents fail is because they are not willing to put in the work. If you want to be successful, be prepared to work long and odd hours. Real estate is not your typical 9-5 job. You will have to work many weekends and nights and be accessible via email and phone almost 24 hours a day.
Newer real estate agents will likely sell even fewer houses , and have lower incomes. According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year, but the range in income is massive. One-tenth of real estate agents earned less than $23,000, and 10% earned more than $110,000.
Detailed List Of Highest Paying Jobs In Utah
|Rank||Job Title||Average Salary|
|1||Surgeons , Except Ophthalmologists||$270,260|
|2||General Internal Medicine Physicians||$230,170|
|4||Obstetricians And Gynecologists||$214,070|
Real Estate Agents Make a Good Income Grow your real estate business by adding an assistant or get the appropriate license that lets you build your own brokerage. The growth potential is huge. Most new real estate agents need a nest egg to begin their careers.
There are certain startup fees when you first become a real estate agent , including things like licensing courses, business cards, signs, advertising, and association fees. These costs are estimated between $1,500-2,000.
The number one reason people quit real estate is because they expect to see immediate results. People expect a solid month of hard work to result in a good deal and a lot of money, and when it doesn’t, they are quick to decide real estate must not be for them.
Colorado and Texas lead the way with the most difficult licensing requirements in the United States. I think becoming a real estate agent was the best move I ever made in my career. I think if you can take real estate classes in person it is a huge advantage, but there are many options to take classes online.
The average salary of real estate agents in Utah is about $74,794 / year with potential to make six figures. Once you have a Utah real estate license, income potential will depend on the number of transactions completed, the commission paid to the brokerage, and how much is split with the sponsoring broker.
For people interested in house flipping in the state of California , one of the most common questions asked is “ do I need a real estate license ?” The simplest answer to this question is “no.” There is no law that requires you to obtain a California real estate license in order to flip houses .
Real estate license reciprocity, sometimes known as ‘mutual recognition’ is an agreement between states that allows you to get a license in another state in most cases simply by taking the reciprocal state’s exam.