If you would like to become a real estate agent in the state of Alabama, you will have to meet some of the state’s bureaucratic requirements. Each candidate must meet these qualifications to assist with the buying or selling of property in the state of Alabama legally. There are absolutely no exceptions to these rules. They are put in place by the state of Alabama to protect property buyers and sellers from being taken advantage of by an unqualified or unscrupulous individual who doesn’t know the ins and outs of Alabama’s real estate industry. These requirements are also in place to ensure that there is a competitive field of real estate agents within the state of Alabama at all times. Let’s take a look at everything that is involved in procuring and holding onto a real estate agent license in Alabama.
For someone to obtain an Alabama real estate salesperson license, he is required to be a citizen of the United States or a lawful permanent resident. He must also be 19 years old. The candidate must be able to show proof of a bona fide residency within the state of Alabama.
He must also be able to prove that he graduated from high school or has a GED. The candidate must pass a background check that shows evidence of no felonies or any crimes involving moral turpitude. Additionally, the candidate must not have had a real estate license or application rejected/revoked within the past two years. Candidates who have an up to date license in a different state are eligible for a reciprocal license with the submission of application along with the “Certificate of Licensure” from that other state. These are the general requirements for each candidate for a real estate license in the state of Georgia. Those who can’t meet these simple requirements will not be permitted to obtain the state’s real estate license. Let’s take a closer look at what the rest of the state’s licensure process involves aside from proving one’s identity and age.
Each candidate is required to complete 60 hours worth of pre-license Alabama real estate courses. The candidate’s license won’t be considered active unless he completes these courses and has the license issued within six months of the course completion date. Also, those who obtain a real estate salesperson license are required to complete a 30 hour real estate agent training course within the first year of licensure. From there on out, they must enroll in continuing education for 15 clock hours worth of classes every two years in a real estate school that is approved by the Real Estate Commission. The Alabama Real Estate Commission has approved only a list of specific schools to teach the material required to become a licensed real estate agent.
Preparing To Get Your Real Estate License
The real estate license exam costs $71 to take. It is administered by Applied Measured Professionals. The actual license fee is $170 for the first couple of years. However, the cost of the exam should be the least of your concerns. Passing the exam should be your top concern. The exam will test the majority of what was covered in your courses. The manner in which you prepare will dictate how you perform on the test. Do not attempt to pass the real estate license exam without the proper support. If you have any concern regarding the test material or your level of preparation, reach out to the experts for assistance
What Do You Need To Know Before Becoming a Real Estate Agent in Alabama?
Before you attempt to become a real estate agent in the state of Alabama, it is imperative that you understand the market that you will be working in. Though there are plenty of opportunities to make a living as a full-time, licensed real estate agent in the state of Alabama, there is also some stiff competition. Most local real estate professionals will testify to the fact that the state’s major cities are by far the most competitive as those transactions have hefty price tags with similarly lofty commissions. Let’s take a closer look at the current state of the Alabama real estate market to help you get a better idea of the competition and potential salary.
Alabama Real Estate Market
According to Salary.com, the median annual salary for real estate sales agents in Birmingham, Alabama is $39,120. The site reports that the salary range tops out around $50,000. However, one should not immediately consider these numbers to paint the portrait of the state’s real estate scene. There is plenty of salary variation to consider from town to town across the state. In general, Alabama has a comparatively low cost of living that makes it possible to live comfortably on the state’s average real estate agent salary. The career website, Sokanu, reports that the average hourly wage of real estate agents in Alabama is a robust $27.21. The same site also reports that the low end of the spectrum is $12.24 and the high end is around $44. All in all, the state’s average real estate agent salary is $56,600. Those in the top 10 percent can earn upwards of six figures per year. So if you put in the hard work that is necessary, there is no reason why you should not be able to increase your earnings toward the six-figure mark eventually. Experienced Alabama real estate agents will agree that such a high level of salary is much more attainable for those who have years of experience and are willing to work in one of the state’s major urban centers. As always, the value of the property that the real estate agents help to buy/sell determines his commission and, consequently, his salary.
It is worth noting that those who simply want to rent and lease apartments in the state of Alabama are not required to obtain the state’s real estate license. This means that only those who want to assist in the buying and selling of property will be required to procure the license. However, if a licensed real estate broker serves as an apartment manager, the state commission will demand compliance with the rules and laws relating to security deposits.
Those who are interested in obtaining help in their job search can lean on the Alabama Association of Realtors along with the National Association of Real Estate Brokers (NAREB). These organizations help future real estate professionals find industry-related jobs. Other helpful employment resources are the National Association of Realtors (NAR) and the Association of Real Estate License Law Officials (ARELLO).
Real Estate Regulatory Board for Alabama
The Alabama Real Estate Commission exists to serve the public by way of the licensing and regulating of real estate licensees. The organization has been serving locals since 1928. The group has more than 30 employees who operate in areas like licensing, accounting, education, investigation, information technology, public relations and so on. The body has a governing leadership of nine experienced and knowledgeable commissioners.