How Much Cash Will You Need to Get Started as a Real Estate Agent?
Have you ever thought to yourself, “How much does a real estate license cost?” Look no further for the answer. We’ve compiled a comprehensive list of every cost to be aware of when starting your new career. As you learn the ins and outs of the business, you’ll likely wonder: How much does it cost to get a real estate license? Pricing varies by state and region. It also varies by the level of real estate education that you need. The price for Pre-Licensing Education is different from Exam Prep Edge. However, this guide will give you an idea of the cost to kick off your real estate career.
Real Estate School Costs - $300 to $600
Also known as Pre-Licensing education, this is the first step on your new career path. Before you can begin to take real estate practice tests, you must first complete your Pre-Licensing hours. We currently offer Pre-Licensing online real estate courses in 34 states and counting. Our courses are tailored to your specific state, and you won’t have to purchase any costly textbooks to succeed in our program. The best aspect of getting your real estate license online is the convenience. Whether you approach it like a full-time job or only log in on the weekends, your learning schedule is entirely up to you.
Take a personal inventory of what teaching style makes the most sense with your schedule and how you learn best. Benefits to online learning include convenience, more flexible scheduling, and a faster process to licensure. But some people do better learning in a classroom environment.
Real Estate Exam Prep - $50 to $125
While purchasing Exam Prep isn’t required to take your licensing exam, students who invest in this practice are significantly more likely to pass their exam on the first try. Our Exam Prep Edge allows you to take a free initial assessment and receive feedback on the topics you’ve mastered and the ones you still need to focus on. After that, you'll study lessons by topic and improve your score with our real-time dashboards while taking unlimited simulated practice exams to prepare you for your state licensing exam. We cover everything you need to know based on your state’s Candidate Handbook. As is the case with all of our products, Exam Prep Edge is available on your schedule and across all devices.
The State Exam - $40 to $100
Once you meet your state’s requirements for Pre-Licensing and after you decide to succeed using Exam Prep Edge, your next step is to take your state’s real estate exam. How much does it cost to take the exam in your state? Stop us if you’ve heard this before, but the cost varies. In most states, the cost of the state exam typically falls in the $60.00 range.
Your State Real Estate Application - $80 to $400
Every state has a different cost for application fees, but they range from $80 in Ohio to $400 in California. As noted at the top, the final cost depends on the state in which you live.
Background & Fingerprint Check - $100 to $125
Virtually all states require you to get a background check and send in a copy of your fingerprints before you get your real estate license. This cost varies based on state, but typically falls in the $100.00-$125.00 range.
Real Estate School Cost By State
We know, you’re tired of hearing it, but the answer to the question “how much does it cost to get a real estate license?” is that it varies by state. Luckily, we’ve crunched the numbers for you. Below you’ll find a list of all 50 states and their cost to get a real estate license. You may be cheering if you’re in Florida, where the cost is only $139.55 on average to get your real estate license. If you’re in Ohio, it may take a little time to save up the $1,251 average cost before embarking on your real estate journey. The national average cost for a real estate education is $383.16, so see where your state falls in comparison.
Real Estate School Cost By State
Your Future Costs
Once you complete these steps to become a real estate agent, you’ll need Continuing Education (CE) in order to maintain your real estate license. These classes are required to keep you up to date on new developments, laws, and current events in real estate. These courses are mandated nationwide. Most CE classes are affordable and can be taken online. Individual CE courses and packages range in price, and we offer Continuing Education courses for all 50 states.
Other potential costs to consider: