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What costs are associated with becoming an agent?
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There is more than just getting the certificate from school. In addition to other costs remember it can take awhile before getting paid after you become an agent. A good rule of thumb is to have six months of expenses saved to cover you while you start your business. For a more complete breakdown of associated costs getting started see my blog entry.
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Hurry - Next class starting soon!
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Pre-License Class (minimum class size not yet met)
Jan 31-Feb 13, CENTURY 21ClearView Realty
In class portion of 116 Hour course to obtain right to take state test for real estate license. The first 54-hour online course must be completed before attending this class. Class meets weekdays 8:30 am - 4:30 pm with hour lunchs at CENTURY 21 ClearView Realty, 3301 Cambell Street, Rapid City [corner of Fairmont Blvd & Cambell St]. Kitchenette available if want to bring lunch. For questions call Carol, 605-390-2338. THIS CLASS IS LOOKING AT SOME VARIED HOURS TO ACCOMODATE SOME SCHEDULING CONFLICTS.
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Pre-License class - March 2012 - minimum class size not yet met.
8:30-4:30 for nine business days; 3301 Cambell Street Rapid City
In class portion of 116 Hour course to obtain right to take state test for real estate license. The first 54-hour online course must be completed before attending this class. Class meets weekdays 8:30 am - 4:30 pm with hour lunchs at CENTURY 21 ClearView Realty, 3301 Cambell Street, Rapid City [corner of Fairmont Blvd & Cambell St]. Kitchenette available if want to bring lunch. For questions call Carol, 605-390-2338
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Frequently asked Questions
Questions asked by people considering taking pre-license classes as well as those asked by people in the classes. Link to questions: http://www.propertybyreferral.com/blogs/carol__scott_lawhun/archive/2010/03/04/faqs-for-real-estate-pre-licensing-classes.aspx
read more...
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Costs for Pre-Licensing School
The cost of pre-licensing school is broken down to two parts - the inital online payment covers all course materials. You can then immediately start your 54-hour online course. There is a text book which complements that course & gives more in depth answers. Contact me, Carol, for getting the book (605-390-2338). You have up to one year to then attend the classroom portion of the class. The balance of the cost is due then, payable only by check. Please call 605-390-2338, or email for the current total price. At the same time let's discuss total cost for getting in the business, not just the school costs.
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2009 changes to Pre-Licensing Law
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 The South Dakota Legislature has changed the amount of hours required to get a real estate license effictive July 1, 2009 to 116 hours. Also, the new law has added a post-licensing requirement for people getting their license after July 1st - they will be required to obtain 30 hours of post-license education in each of the first two renewal cycles. These post-license classes will fulfill their continuing education requirements for those two cycles.
The post-licensing education requirements during the first renewal cycle include six hours in each of the following areas: •Agency
•Contracts
•Fiduciary duties/trust accounting/earnest money
•Business planning/etiquette
•Ethics/professional liability
The post-licensing education requirements during the second renewal cycle include six hours in each of the following areas: •Negotiation
•Real estate license law
•Technology
•Marketing/advertising
•Property issues
For example, a person getting their license during 2010 will have completed 116 hours of pre-licensing classes and both state tests. Before the first renewal of their license in November 2011 they will also need to complete the first 30 hours of post-licensing education. Before their 2nd renewal in November 2013 they will have needed to complete the second 30 hours of post-licensing education. After that, they will need the same 24 hours of continuing education currently needed by all licensees to renew. For more information please contact Carol Lawhun, caroll@PropertyByReferral.com or call 605-390-2338. |
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