How to become a licensed real estate broker in Tennessee, TN
Learn how to become a licensed real estate broker in Tennessee, TN, and how long it takes, using our guide. Discover what career path fits you.?
Are you interested in becoming a licensed real estate broker in Tennessee? If so, there are a few requirements you need to meet before you can start your career in this field. Firstly, you need to be at least 18 years old and have a high school diploma or equivalent. You also need to complete 120 hours of pre-licensing education from an approved provider. This education covers topics such as real estate law, finance, contracts, and property management.
Once you have completed your pre-licensing education, you need to pass the Tennessee Real Estate Broker Exam. This exam consists of two parts: a national portion and a state-specific portion. You need to score at least 70% on each part to pass the exam. After passing the exam, you need to submit an application for a broker's license to the Tennessee Real Estate Commission. You will need to provide proof of your education and pass a background check. Once your application is approved, you will receive your broker's license.
Key skills and competencies
To become a licensed real estate broker in Tennessee, there are certain key skills and competencies that are essential. Firstly, you must have a thorough understanding of the real estate market and industry trends. You should also possess excellent communication and negotiation skills, as well as the ability to build and maintain relationships with clients. Attention to detail and strong organizational skills are also important, as brokers are responsible for managing contracts, paperwork, and deadlines. Additionally, a strong work ethic and the ability to work independently are crucial for success in this field. By developing these skills and competencies, you can position yourself for a successful career as a licensed real estate broker in Tennessee.
Local salary expectations or estimates
As a licensed real estate broker in Tennessee, you can expect to earn a competitive salary. According to the Bureau of Labor Statistics, the median annual wage for real estate brokers in Tennessee is $58,720. However, your earnings will depend on a variety of factors, including your experience, the size of your brokerage, and the local real estate market. Some brokers earn well over six figures, while others may earn less. It's important to research the local market and understand the demand for real estate services in your area to get a better idea of what you can expect to earn as a licensed broker in Tennessee.