What you REALLY NEED TO KNOW about starting your Real Estate Career
Becoming a real estate agent can be a very financially rewarding and personally satisfying career, but it won’t happen overnight or without devotion and perseverance. Top real estate agents work very hard and are dedicated to constantly improving themselves and their business.
If you are ready to dive into the world of real estate, there are five basic steps that must be followed to receive your real estate license in Alabama.
Before you begin, make sure that you meet the basic requirements. To obtain a REAL ESTATE SALEPERSON’S LICENSE from the Alabama Real Estate Commission (AREC) a person must:
Step 1: 60-Hour Alabama SALES PRE-LICENSURE COURSE , $379
Everyone wishing to become a real estate agent must complete the required 60-hour AREC-approved SALES PRE-LICENSURE COURSE at a licensed school. They must:
After passing this course, the student is referred to as a “real estate candidate.”Step 2: ALABAMA STATE REAL ESTATE EXAM, $75
After passing the sales pre-license course, the candidate must now pass the state licensing exam administered by a company called PSI. The candidate has six months to pass the state exam and may take the exam in any of five locations in Alabama. The cost to take the PSI exam is $75.00. Candidates will need two forms of personal ID to gain admission to the testing center.
It is not an easy exam and students need to be ready to focus intently for the entire pre-licensure course in order to expect to pass. If the candidate fails the exam, then he or she may retake the exam as many times are needed to pass the exam but MUST PAY for each attempt. He or she may retake the exam the very next day if desired.
For detailed information about this step, download the Alabama Candidate Handbook.
Step 3: PASS a National Background Check, $47
Every applicant for a real estate license must pass a nationwide background check from a company call Gemalto Gogent and the cost is $47. The criminal record information will be provided to the Alabama Real Estate Commission directly from Gemalto Cogent. For more information, visit their website: https://www.aps.gemalto.com/index.htm.
Step 3: TEMPORARY SALES LICENSE, $210
Upon passing the state licensing exam, you will apply for a TEMPORARY SALESPERSON LICENSE. At this point the candidate can begin listing and selling houses.
Step 4: POST-LICENSURE COURSE, $199
The next step is to take the POST-LICENSURE COURSE. The post-license course teaches the licensee the business side of real estate. While there is no state test to pass the post-license course, this is a REQUIRED course that every licensee must take.
Step 5: APPLY FOR ORIGINAL LICENSE, $185
Upon passing the post-license course, the licenses must apply for an ORIGINAL SALESPERSON’S LICENSE (sometimes referred to as a permanent license).
STEP 6*: Joining the REALTORS® $1,500
If a licensee is planning to sell houses (referred to as “residential real estate”), then he or she must join the National Association of REALTORS® and the Montgomery Multiple Listing Service (MLS). The MLS is the computer database and network where all local agents list their houses to sell. If one is planning to sell houses in the Montgomery area, it is imperative that he or she join the REALTORS® and the MLS. The initial year’s cost for membership in the National. State and Local Association of REALTORS® and Multiple Listing Service can be as much as $1,200 with the annual fees ranging from $500 to $1,000.
TOTAL COST TO START A CAREER IN REAL ESTATE: $2,595
At Martin and Fellows Real Estate School, we offer the BEST Alabama Sales pre-license course