How do I get my real estate broker license in Arizona?

How do I get my real estate broker license in Arizona?

To get your Arizona license you must be 18 years of age and have 3 years of actual experience as a licensed real estate agent or broker within the past 5 years. You must complete 90 hours of education that consists of 2 classes. Each course is 45 hours.

Is the real estate broker exam hard?

Real Estate Exams Can Be Difficult: Many Test Takers Fail Across the country in California, the pass rate also hovers around 50 percent. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. The good news is that it can be done.

Is real estate broker a good career?

Working as a real estate agent or broker can be fulfilling and financially rewarding, but it’s not easy. A career in real estate requires drumming up business, promoting yourself, tracking leads, handling complex paperwork, providing customer service, and much, much more.

Do brokers make more than real estate agents?

Real estate brokers have more experience, undergo more training, and make more money than real estate agents. They are also the only real estate professionals who can open their own brokerage or property management firm.

Is it smart to get into real estate now?

Successful real estate agents are often those who have a deep passion for the home-buying process and the joy that clients get from finding their perfect home. If you’ve always wanted a career in real estate and think you have what it takes to develop your career, now may be the perfect time to get started.

Can you make money your first-year in real estate?

Most first-year real estate agents earn very little at first, primarily because they are struggling to learn everything while they build a client base. Income statistics can be very misleading because there are many part-time agents. The median income for a full-time real estate agent in 2012 was over $54,000.

How do you survive your first year in real estate?

Here are 10 ways to survive (and thrive) during your first year in real estate:

1. Expect long hours.
2. Market.
3. Set goals.
4. Go into the office.
5. Have a back-up plan.
6. Find a support system.
7. Build a network.
8. Become a local expert.

Can real estate agents get rich?

According to a survey of 1,758 real estate professionals conducted by ActiveRain, 22% of real estate agents earned less than $35,000 per year, and just 21% earned $100,000 or more. This is far from a “rich” profession.

Can real estate brokers make millions?

But unlike W-2 jobs, a commission-based job like real estate agent or broker has limitless income potential. Some agents make over a million dollars a year. You get back in income what you put into it in effort and time. Commissions are typically paid by the property sellers and are negotiable by law.

How can I make millions in real estate?

Tips on How to Make Millions in Real Estate

1. Spell Out Your Goals.
2. Focus on One Real Estate Investment Strategy at a Time.
3. Start Small.
4. Educate Yourself.
5. Have an Emergency Fund.
6. Use Leverage.
7. Run the numbers.
8. Buy Investment Properties with High Appreciation Potential.