How to Become a Real Estate Broker
If you already have a career as a real estate agent or you're looking into it, becoming a real estate broker could be the next best step. You'll use your existing real estate knowledge and learn how to broker transactions to earn more money. At HomeServices Real Estate Academy, we offer real estate agent and real estate broker classes online and in-person at our Lexington and Louisville campuses. Learn how to become a real estate broker, about the real estate broker classes near you, and how much real estate brokers make.
How Do You Become a Real Estate Broker?
Becoming a real estate broker requires first becoming a licensed real estate agent. In most states, including Kentucky, this requires that you:
- Are at least 18 years old
- Have a GED or high school diploma
- Complete an FBI criminal background check
- Complete real estate pre-licensure courses
- Take the license exam
- Apply for the real estate license
From there, in Kentucky, after two years of experience as a real estate agent working at least 20 hours per week, you can take courses to become a real estate broker. This can look like:
- 21 credit hours from an accredited college, with 12 in real estate and 3 hours in brokerage management
- 336 real estate classroom hours from an approved proprietary school with 48 hours in brokerage management (this includes the 96 hours you previously took to become an agent)
You must also complete an additional FBI background check and pass the license exam with state and national portions.
Real Estate Broker Classes Near Me
At HomeServices Real Estate Academy, we can help you complete the necessary coursework so you can become a broker. We offer a 48-hour course in brokerage management and an additional 48-hour course in broker law. Our courses are taught by industry professionals who have the experience to prepare you for the challenges you're likely to encounter. These classes are available in different combinations at different times of the year, such as a 3-week class that meets for 8 hours two days per week.
How Much Do Real Estate Brokers Make?
As a real estate broker, if you own your own brokerage, you'll earn more money than as a real estate agent because you keep the entire commission instead of splitting it with the company. Additionally, you can manage other real estate agents and earn a commission from their sales.
However, real estate brokers' salaries depend on where they work and how much the houses sell for. As of May 2023, the Bureau of Labor Statistics reported that real estate brokers made a median annual salary of $86,130. In Kentucky, the median annual salary was $76,740.
Contact Us for Real Estate Broker Classes
Begin pursuing your dream job with real estate broker classes from HomeServices Real Estate Academy. Your courses are taught by industry professionals who share their hard-won expertise, knowledge, and personal experiences to better prepare you.
Get started by calling us or sending a brief message about our real estate broker classes. We have locations in Lexington and Louisville, KY, and proudly serve the surrounding areas.
