How to start a rewarding career in Arizona real estate

Do you dream of a career where you can work independently, be your own boss and define your own schedule?

If you want to achieve financial and professional independence, a career in real estate might be the right fit for you.

Did you know that an average salary for a real estate agent in Arizona is around $10K and the top professionals can make as much as $150K in a year!

Imagine earning a six figure income helping people buy and sell properties –  be it the allure of finding your own clients or escaping the nine to five grind, real estate is a dynamic career.

Working in Arizona’s booming real estate market can be an incredibly rewarding and fulfilling career experience, especially if you want to generate a part-time revenue stream.

Arizona’s population has been steadily growing and due to the low interest rates, it has become an affordable market for buyers.

Home prices in Arizona have increased by around 7.5 percent year-on-year as the number of homes for sale soared too indicating strong demand for real estate.

Due to the stable economy, pleasant weather and positive job outlook, Arizona’s real estate landscape attracts investment opportunities from homebuyers and wealthy individuals.

Whether you are a complete beginner or a working professional interested in switching careers, now is a good time to enter Arizona real estate.

The best part is that you do not have to spend years getting a college degree to work in the industry – all you need is a real estate license Arizona to get started.

To become licensed, you need to meet a set of state and federal licensing requirements which will allow you to obtain a salesperson license.

If you are keen to pursue a career in real estate as a part-time or as a full-time professional, we have put together this article which covers all the key prerequisites you must know.

How to become a licensed real estate agent in Arizona

As per the Arizona Real Estate Commission (AREC), every individual must complete a set of requirements established by the state and federal authorities.

First comes the general eligibility requirements which must be fulfilled to prove your eligibility for a career in real estate. These are:

• You must be at least 18 years of age or older
• You must have a legal residency proof
• You must have a high school diploma in education or GED equivalent

In Arizona, you are required to complete 90 hours of pre license education and training to become a licensed real estate agent.

Completing pre licensing course credit is mandatory to qualify for a license. It will also give you knowledge about licensing laws, industry regulations and professional guidelines.

You can choose to complete your pre license education by joining a real estate school or online course of your choice.

However, you must keep certain aspects in mind before deciding an education provider:

• Ensure they are approved and accredited by the Arizona Real Estate department
• Check the total experience of your education provider
• Evaluate their past track record of successful license training
• Explore about the course curriculum and teaching pedagogy

Complete pre license education and training will give you a strong foundation and help you understand the intricacies and workings of the industry including core topics.

You will learn about real estate principles, state and federal laws,  operational, legal and functional aspects such as property types, contracts, deeds, and property valuation.

Since real estate is a competitive industry, you must take your education seriously and complete all the coursework diligently.

After completing your education, the next step in your licensing journey is to take the Arizona real estate licensing exam.

To obtain your real estate license in Arizona, you must pass the test by scoring at least 75 percent or above.

If you successfully pass the test, you can submit your licensing application along with an electronic scan of your fingerprints as part of the background verification check.

Lastly, you must find a sponsoring broker or brokerage to work for as the Arizona law requires newly licensed professionals to find employer sponsorship.

Real Estate License Cost in Arizona

The factors which will determine the total cost of getting your real estate license are:

• Pre-licensing education:

Generally, real estate school costs in Arizona will be anywhere between $200 to $700 depending on the course format, medium of learning and type of course package you choose.

• Arizona state licensing exam:

Passing the salesperson licensing exam is essential for getting licensed and the exam will cost you $75 for each attempt.

Note that if you fail to pass the test on your first attempt, you can pay the exam fee and reschedule your test.

• Fingerprint clearance:

The Arizona Department of Real Estate requires all applicants to undergo background verification and identity checks.

You will have to spend around $40 for getting an electronic scan at a live scan vendor.

• Real estate license application:

You will have to pay a fee of $60 to process your salesperson license application.