It costs approximately $950 to $1,300 to obtain your Utah real estate license. Everyone must pay the exam and license application fee, but the costs for the prelicensing course and exam prep materials may vary depending on the education provider you choose.
How much does it cost to take the real estate exam in Utah?
The Utah Real Estate Exam costs $59 for both the state and national sections of the test. This is a two-part exam (national and state) totaling 140 questions and the time allotted is 4 hours.
How long is real estate school in Utah?
The Utah Division of Real Estate defines a credit hour as 50 minutes, so this 120-hour pre-licensing course is actually 100 “seat-time” hours. Most students complete one – three hours per day 4 – 5 days per week and finish the course in six weeks to three months.
How fast can you get your real estate license in Utah?
In Utah, you can become a real estate agent in a few weeks. The pre-licensing education requirement is 120 hours of training. If you study full time, that is about 3 weeks. You can then apply for the license within 90 days of completing the training and passing the Real Estate Sales Agent Exam.
How much does a realtor make in Utah?
The average salary of real estate agents in Utah is about $74,794 / year with potential to make six figures. Once you have a Utah real estate license, income potential will depend on the number of transactions completed, the commission paid to the brokerage, and how much is split with the sponsoring broker.
Is the Utah real estate exam hard?
After you complete Real Estate school, in order to be eligible for a license, you need to take the exam. You can find out more about it here. Often times we’re asked if it is difficult to pass the test. The answer is no, it’s not difficult as long as you’re prepared!
Is becoming a Realtor hard?
It takes hard work, dedication, and perseverance to become a successful real estate agent. To become an agent, you must take classes, pass a test, and find a broker to work for. Once you get your license, the work is not over. You must learn to sell houses, which they do not teach in real estate school.
How many times can you take the Utah real estate exam?
There is no limit to the number of times that you can attempt the exam. You have one year from the time you complete your pre-license course work to pass the exam and apply for your license.
Whats the difference between a real estate agent and a broker?
Real estate agents have a professional license to help people buy, sell, and rent real estate. … Brokers are real estate agents who have completed additional training and licensing requirements. They can work independently and hire other real estate agents to work for them.
How long does a Utah real estate license last?
A Utah real estate license and broker license needs to be renewed every 2 years. Prior to renewing your license, 18 hours of continuing education need to be completed.
What is a broker do?
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. … Discount brokers execute trades on behalf of a client, but typically don’t provide investment advice. Full-service brokers provide execution services as well as tailored investment advice and solutions.
How is the real estate market in Utah?
Realtor.com forecasts Salt Lake City’s existing median sales prices to rise 8.5% in 2022, on top of what has already been several years of dramatic price increases. These increased prices will foster an intense yet somewhat slowing market for those hoping to purchase a home.
How do I get a real estate license in Utah?
4 Steps To Get Your Utah Sales Agent License
- Complete 120 hours of approved Pre-Licensing education. Successfully complete 120 clock-hours of approved Pre-Licensing sales agent education. …
- Pass the course final exam. …
- Pass the Utah real estate sales agent exam. …
- Complete application.
Is real estate a good career in Utah?
Choosing a career in real estate may be the best decision of your life. The Utah real estate market is doing very well right now and more agents are needed to meet the demand for the many buyers and sellers. … It is a great time to become a Utah real estate agent.
What company makes the most money in Utah?
Detailed List Of The 100 Biggest Companies In Utah
|1||Home Credit||Salt Lake City|
|3||Intermountain Healthcare||Salt Lake City|
|4||Nu Skin Enterprises||Provo|
How long does it take to become a real estate agent?
You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.