A person must be 18 years old, complete 90 hours of approved pre-license education (3 courses of 30 hours each) and pass a license exam at the end of course one.
Classes are offered at a variety of places. Three that we recommend are:
Kaplan – this is in classroom instruction at one of three sites; St. Paul – Bandana Square, Bloomington – BLN Office Park or Plymouth – Trusight Building or an on-line course offering. If you visit their website www.kapre.com you will find resources to see if this option works for you.
Continuing Education Express – they are approved to offer on-line courses for pre-licensing. For more information about their program go to www.continuingedexpress.com. Besides taking the license exam at the end of course 1, you will also need to take a proctored test at the end of each course to prove that you have done this coursework. This on-line curriculum is a good way to complete the coursework on your own time, at your own pace.
Minnesota Realty School – located as of 7/1/2014 at 2489 Rice Street, Roseville. They offer live classes or on-line classes. Their website www.mnrealtyschool.com claims their learning is fun, energetic and informative.
One other course that we recommend, although it’s not required, is the 2 day Test Prep Course. No matter how you decide to do your coursework, we think this course if very beneficial to get you ready for success for the national and state test.
Each of these sites above offers an interest indicator to see if residential real estate is a good fit for you. You may love looking at houses, but do you love working with people? There are many facets to consider when considering a career in real estate. The primary responsibility is to rent, buy or sell properties for clients. But there is so much more!
Some may ask about the income with this profession. The Bureau of Labor and Statistics says the median annual range of real estate sales agents was $40,030 in May of 2010. The lowest 10% earned less than $20,460 and the top 10% earn more than $95,220. Some companies pay out high commission rates, but then charge agent’s fees for almost everything. Other companies pay a more modest commission to start, but there are almost no fees. The industry of residential real estate agent is expected to grow 11% during 2010 to 2020.
If you are considering a new career or a career change and would like more information about this opportunity, we’d love to have you come in and talk with us at Roger Fazendin REALTORS®. We would be happy to share all the benefits that we can offer new and/or existing agents by partnering with us and becoming a part of our Faz Family. Please contact Andy Fazendin or Shelly Halverson at 952-473-7000.