Looking for a new carrier? Trying to find a job that you will genuinely love? If you are passionate about real estate and you don’t like to be stuck in an office all day, being a real estate agent might the perfect career for you. So, let us hop right to it. If you are living in Florida and you would like to obtain a legitimate real estate license, it will not be a short and easy task. There is a list of requirements that you will need to fulfill if you would like to have a reciprocal real estate license in Florida.
What is a reciprocal real estate license?
Before we start talking about the requirements of getting a reciprocal real estate license, it is important to understand what it really means. Real estate license reciprocity is an arrangement that will allow a real estate agent to function and work in multiple states. This sounds very plain and simple. However, there are many facts, details, laws, etc. that can make interstate functioning difficult for a real estate broker or sales personnel.
If you are interested in working in multiple states, you might also be interested in international real estate. Keep this in mind. There are so many options, which makes this career choice even more alluring. You never know what might grab your attention or interest.
For starters, let’s see what is needed to obtain a reciprocal real estate license
Here are some requirements and steps that you need to take in order to get your license:
- If you are less than 18 years old, don’t bother until you turn 18. This is a must. Additionally, you must have a high school diploma or finished your GED.
- You are obligated to complete 63 hours of in classroom courses.
- The full application must be submitted.
- Electronic fingerprinting is a must as well.
- You must pass the Florida Real Estate Agent Exam. Passing means that you are able to score 75 points and up, out of 100 possible points. There is another option that can be used as a substitution. That would be the Florida Real Estate Law Exam. The grading system is a bit different. In this case, your score must be higher than 30 points, out of 40 possible points.
- Initiate your Florida real estate license using the DBPR RE 11 Become Active – Sales Associate or Broker Sales Associate. In this case, we have another option as well. Your new license can be started and activated by your employer. Employer brokers can accomplish this by using their online accounts.
- And finally, there is a post-licensing course you must complete in order to finalize all of the requirements. This particular course consists of 45 classroom-hours and it needs to be completed before your sales license expires.
Is this more then you expected? Don’t get scared. Just remember, if this was easy, everybody would do it. To get your juices flowing and to get some motivation, you can research some properties and real estate. Just remind yourself, what motivated you in the first place. Also, don’t be scared and worried if some requirements are unclear. The internet is flooded with a question and answer sites, that specialize in these fields.
Which states have befriended Florida, when it comes to real estate?
Once you have your license, it is time to learn which states have a reciprocity agreement with Florida. So here they are:
- Rhode Island
Above all, it is important to understand what this connection means. If you think this implies that you can just barge in any of these states and start doing business, you have another thing coming.
Florida’s license portability
There are three different types of classifications when it comes to reciprocal real estate license. Therefore, here they are:
- Cooperative State
- Physical Location State
- Turf State
Since Florida falls under our second option, we will stick to physical location state particularities. This classification gives real estate agents very exact guidelines on how they can conduct their business. Consequently, the rules will forbid any reciprocal real estate licensee to physically conduct business in any of these states. Hence, you will have to do your work remotely. As a result, you will be negotiating prices, scheduling times for clients to view properties, submitting offers, etc. Just remember, all of this must be done remotely from Florida.
Once you make your first sale in Florida, make sure you recommend a good moving company to your clients. By connecting them to a great company after you have finalized the sale, you will make them feel like you provide overall exceptional service. A good example is movingkings.com. If they are skeptical and want more information, that is completely fine.
Essential services of a moving company
A quality moving company should offer an array of services. Make sure they check out movingkings.com/services/local/. This way they can get a fast and reliable estimate, from a dependable company. In addition to the estimate, on this page, they can find useful information about local moving. Some crucial information about moving can be found on this page as well.
The importance of legal assistance
One thing that we must mention is the importance of having legal assistance during your cross-state business. Having a reciprocal real estate license expands your playing ground as a real estate agent. Therefore, it gives you more territory to work with. But there is also a downside, that can cost you a lot if you are not careful. Every state should be handled as an individual issue because it is possible that every state has its individual laws and agreements. For example, we mentioned which states Florida has reciprocity agreements with. However, in some states, there might be special requirements or courses that you must finish in order to do your work within those states.
To conclude, get informed as much as you can and obtain legal assistance. There is a very small chance that you can gather all the needed information on your own. You don’t want to lose a commission, because you failed to follow the law. Also, losing your commission might be a lesser problem if you jeopardize your license. All in all, get informed and buckle down. Getting your reciprocal real estate license might be no walk in the part, but the benefits, later on, can be tremendous. You can do it! Good luck!