What Can I Do With My Real Estate License Besides Sell?
A real estate license is essential to begin working in the real estate industry. If you have a license from another state, you can transfer it to your new one. This can save you time and money as you won’t need to take the national exam or take real estate courses all over again. However, you must remember to check the requirements in your new state before you attempt to transfer your license.
If you’re a resident of another state, you can transfer your license to Iowa if you already hold a real estate license from that state. In order to transfer your license, you must prove you took your real estate exam in that state, provide a copy of your license history, and undergo a background check. If you have a criminal record, you may not be approved for a license in Iowa.
Reciprocity agreements allow licensed agents to work in another state. If you’re a resident of Ohio and want to work in another state, you’ll have to meet the education and experience requirements of that state. You’ll also need to obtain a bond of $2000. You can get a real estate license in Arkansas with a reciprocity agreement. In Arkansas, you must submit a Real Estate Reciprocity Application and a copy of your license from any other jurisdiction.
In Hawaii, you can take a state-specific real estate course to get your license. However, you’ll also need to complete a minimum of 75 hours of pre-licensing education before you can become a real estate agent. The state will then administer a state-administered exam. Depending on which state you live in, the process can take up to six months.