Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Schools & Job Training  > Real Estate School

Real Estate School Cost


How Much Does Real Estate School Cost?

 
low costFor-Profit Schools: $100-$1,000+average costCorrespondence or Online Courses: $150-$1,200+high costCommunity College or University Extension: $500-$5,000
post E-mail post Post  

Becoming a real estate agent or broker requires a high school diploma, completion of a real estate pre-license course and passing a real estate license exam. Agents or salespeople are often required to be affiliated with a real estate broker, and getting a broker's license requires additional training hours and a more comprehensive exam. A real estate agent or broker becomes a Realtor only when he or she becomes a member of the National Association of Realtors and subscribes to its Code of Ethics[1] .

Typical costs:

  • Many community colleges offer combined real estate agent and broker courses, ranging from $600 to $5,000. In addition to certificate courses, some offer associate's degrees in real estate (see How Much Does a Community College cost for more information). The Los Angeles City College[2] offers real estate education approved by the California Department of Real Estate for agents and brokers for about $600 for in-state residents.
  • Many state universities also offer agent and broker training. Real estate pre-license courses are often integrated into a school's general business degree or MBA curriculum (see education.costhelper.com/college.html>How Much Does College Cost for more details). Extension real estate licensing courses are also available $500 to $2,000 or more. UCLA Extension[3] costs $960 for real estate agent pre-licensing course and $1,440 for a real estate broker training course.
  • For-profit schools offer broker and agent/salesperson courses for $100 to $1,000 or more. For example, the California Brokers Institute[4] charges $497 for seven, three-hour classes in real estate principles.
  • Correspondence or online real estate licensing courses cost $150 to $1,200 or more, depending on state and the depth of study. Some courses include additional exam preparation training and materials, including practice tests. The American School of Real Estate Express[5] offers broker and agent courses for several states, ranging from $150 to $650 in California, and $150 to $1,350 in Florida.
  • State licensing fees vary according to state, from about $200 to $300 and are renewed every one to four years. In California, for example, the licensing fee is $245 for an agent/salesperson and $300 for a broker, valid for four years.
Related articles: Community College, College

What should be included:
  • According to the US Department of Labor[6] , real estate training should cover basic state real estate transaction requirements and all the laws affecting the sale of property.
  • Advanced courses offer training in mortgage financing and property development and management.
  • Most states require 30 to 90 hours of classroom instruction for an agent's license and 60 to 90 hours for a broker's license, plus a specific amount of experience selling real estate, usually one to three years.
  • For brokers intending to open their own real estate offices, training should also include business courses such as marketing and accounting.
Additional costs:
  • The cost of books and supplies varies depending on the program. Many online and correspondence courses include all books and materials in the cost of the course. Community colleges, universities and for-profit schools usually require students to purchase books separately. Most courses require two or three real estate textbooks. These and exam preparation guides cost $20 to $50 or more each.
  • Membership in the National Association of Realtors[7] is available with a variety of designations. Membership dues are assessed by the local association and can cost between $50 and $100 per month.
Discounts:
  • Financial aid opportunities are available from most community colleges and universities. Check their websites for eligibility and application requirements.
  • The College Board[8] offers information on financial aid.
Shopping for real estate school:
  • Check local real estate associations and state government websites[9] for fees and licensing requirements. Some state websites also provide a list of approved training courses, such as the California Department of Real Estate[10] .
  • The American Association of Community Colleges[11] offers a national directory of community colleges.
  • The American Association of Colleges and Universities offers an online list of state colleges and universities.
  • The American School of Real Estate Express[12] offers a selection of online agent and broker licensing courses.
post E-mail post Post  
CostHelper News


10 Key Ways to Prepare for Extreme Snow
Forecasters are predicting a true nor'easter will hit the eastern and central states with rain, thunderstorms, ice, snow and high winds over the Thanksgiving weekend. It's crucial to plan ahead, before bad weather hits. || Posted November 26 2013


10 Most Popular Cosmetic Procedures Before the Holidays
With reunions and other get-togethers scheduled during the holiday season, most people want to look their best at this time of year. For some, that means filling in those wrinkles with a bit of botox, or having a nip and tuck down here and there. || Posted November 23 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With Real Estate School
 
Subject:  *
Amount Spent:  *
Type of Program: Length of Program: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.realtor.org/MemPolWeb.nsf/pages/COde
  2.  www.lacitycollege.edu/academic/departments/busad/realestate.html
  3.  /www.uclaextension.edu/pages/BrowseCourses.aspx
  4.  www.license4realestate.com/Nav.aspx/Page=/PageManager/Default.aspx/PageID%3d804651
  5.  www.realestateexpress.com
  6.  www.bls.gov/ooh/Sales/Real-estate-brokers-and-sales-agents.htm
  7.  www.realtor.org
  8.  /bigfuture.collegeboard.org/pay-for-college/financial-aid-101/financial-aid-can-help-yo...
  9.  www.usa.gov/Agencies/State-and-Territories.shtml
  10.  secure.dre.ca.gov/publicasp/cestatutory.asp
  11.  www.aacc.nche.edu/Pages/default.aspx
  12.  www.realestateexpress.com
More Schools & Job Training Topics
Check Out All Costs for Schools & Job Training How Much Does Medical Assistant School Cost? How Much Does Community College Cost? How Much Does Pharmacy Technician School Cost?

Search Thousands of Topics on CostHelper.com

 


Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Addition cost
Paid: 100000.00
I got a quote from a contractor here in Utah for a 680 sq ft addition, kitchen living room and dining... [more]
-Bhouston
Home Addition Cost
PFT Cost Dallas
Paid: 2568.00
My regular doctor wanted me to see a specialist since he didn't like my spirometry results. I reluctantly agreed since I never have problems. Two doctor visits later and I'm out $2568... [more]
-CHRIS REED
Pulmonary Function Test Cost
WHEEL ALIGNMENT
Paid: 85.59
GAVE ME A PAPERSHOWING RED AND GREEN ALIGNMENT, RED MEANING IT NEEDS TO BE FIXED. WHEN IT WAS DONE THEIR WAS STILL RED SHOWING IMPROPER ALIGNMENT, HE SAID WE CANT FIX THAT UNLESS I PAY ANOTHER $119.00...WHAT A BUNCH OF CROOKS..... [more]
-JAMES DENOS
Wheel Alignment Cost
Crazy Expensive for a 250 gal tank in San Diego
Paid: 4.43
We have a rental property that had an AmeriGas tank on it that's used for the outdoors (pool/spa and fire pit)... [more]
-jessmeagan
Propane Cost
Am I paying too much
Paid: 1800.00
I have a small auto repair shop. He prepared my tax return in 2016. I do my own 941, wage report and monthly taxes. He does the rest and I still get charged 1800.00... [more]
-Martín Duran
Business Tax Preparation Cost
Tsh t3 and t4
Paid: 2500.00
Any ideas what to do? I do not want to pay this... [more]
-Thisbillistohigh
Thyroid Test Cost