Mt real estate lingo

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Similar to real estate agent exams, each state sets its own broker education and exam requirements. RealtorĪ real estate broker is someone who has taken education beyond the agent level as required by state laws and passed a broker’s license exam.

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Once they pass their exam, they’ve earned a license, the title of a “real estate agent,” and they might join a brokerage where they can begin working with home buyers, sellers, and renters. This exam is typically divided into two portions: one on federal real estate laws and general real estate principles, the second on state-specific laws. Once that training is done, aspiring agents take a written licensing exam. In Virginia, for example, real estate agents must take 60 hours of prelicensing training, while in California they need 135 hours of license coursework. The required number of training hours can vary significantly by jurisdiction. To get that license, states require individuals to have prelicensing training. A real estate agent is someone who has a professional license to help people buy, sell, or rent all sorts of housing and real estate.

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