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Getting the Legitimate Real Estate License

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A real estate license is the basic requirement for those who wish to have a career selling real estate. Individual property owners looking to sell private assets do not require a license. However, any individual that they hire in their stead to market and sell their single family home, commercial property or raw land, will need to have a valid license in order for the seller to have basic protections offered under real estate law. This real estate license is gained by passing the state exam in which an individual chooses to practice. Licenses not only must be renewed periodically, they can be suspended for unscrupulous business practices at any time.

A number of real estate companies offer courses that allow individuals to obtain their real estate license at little or no cost. Upon completion of classes and meeting all requirements, an individual will then reimburse tuition costs to the real estate company through small payments or with a small percentage from sales. There are also online options for gaining one's real estate license. These courses offer the chance for individuals to attend classes at any time of the day or night, making it a popular option for many working adults. Curriculums are set to match the varying requirements of each state.

For the most part, those with a real estate license are referred to as sales agents. However, depending on the state of practice, a real estate license can also qualify one as a broker. A broker is an individual whose responsibilities fall along the line of finding properties for buyers and buyers for properties. The broker then acts as a mediator, working to establish a satisfying and advantageous agreement for each of the involved parties. The majority of brokers work off of a commission. In some states certain instructional requirements must be met before the broker's exam can be taken.

In order for individuals to legally practice once their license is obtained, they must work for a legitimate real estate firm. With time and practice, it is not uncommon for many agents to move on to their own franchises. At times, the problem with earning one's real estate license comes in the form of scam artists offering national or typical real estate licenses. These offers are non legitimate as each state has its own requirements that must be met in full before a legal real estate license will be issued. Depending on the state, an exam and up to 90 classroom hours can be required. To find legitimate real estate courses, one can contact a local real estate office or their state website.


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Philadelphia Real Estate Specific links

Philadelphia Real Estate News

Philly Deals: He takes a fresh look at Philadelphia real estate - Philadelphia Inquirer


Philly Deals: He takes a fresh look at Philadelphia real estate
Philadelphia Inquirer
Ray Ohler, a Philadelphia real estate appraiser who delighted in pointing out the inflationary excess of the mid-2000s — brokers firing professionals who failed to approve wacky prices, New York investors chasing Sale signs down Roosevelt Boulevard, ...

and more »

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Romney heckled in visit to inner-city charter school in Philadelphia - Washington Post (blog)


Romney heckled in visit to inner-city charter school in Philadelphia
Washington Post (blog)
Gamble, a legendary songwriter and founder of Philadelphia International Records, created and runs Universal Companies, a not-for-profit community development organization involved in education, real estate and social services.

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Federal Donuts in Center City: The French (Fry) Quarter - Philadelphia Inquirer (blog)


Philadelphia Inquirer (blog)

Federal Donuts in Center City: The French (Fry) Quarter
Philadelphia Inquirer (blog)
The second Federal Donuts shop is pegged for a former video store at 1632 Sansom St. As tipped on the Philadelphia Real Estate Blog, owners Michael Solomonov and Steve Cook attended the Center City Residents Association's zoning committee meeting last ...

and more »

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Philly Mayor Markets Mall Makeover - Wall Street Journal


Philly Mayor Markets Mall Makeover
Wall Street Journal
Mall owner Pennsylvania Real Estate Investment Trust, or PREIT, brought a heavy hitter to its meetings: Philadelphia Mayor Michael Nutter. Mr. Nutter spent 36 hours in Las Vegas this week wooing retailers to set up shop in his city of 1.5 million ...

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Economic recovery remains elusive - Philadelphia Inquirer


Economic recovery remains elusive
Philadelphia Inquirer
At its spring meeting in Chicago, members of the prestigious Counselors of Real Estate heard two respected academics recommend that they look beyond “typically quoted, surface-level statistics” for answers to tough questions about the economy.

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