Being independent, self-motivated and ambitious may have been key factors that compelled you to earn your real estate license. Now that you’ve been building your brand and establishing a presence in your community as a successful sales agent, you might be feeling the itch to take your career to the next level. For agents, this typically means furthering your education to become a real estate broker.
Your feelings right now might be similar to the way you felt when you were deciding several years ago whether enrolling in real estate school was a good risk to take. You might be asking: Is becoming a broker a good fit for me? Is this the right time to go back to school? Do I have what it takes to be a good broker? Remember how you felt before enrolling the first time, and look how far you’ve come since then!
Determine if becoming a real estate broker is right for you
Earning a broker’s license takes time, effort and money, although choosing a quality real estate school can help minimize cost and enable you to get the most out of the time and effort you put in to completing the pre-license education requirements to become a broker. The following list includes basic questions to ask yourself to determine if this career step is a good fit for you:
- Why do I want to become a broker?
- Am I interested in mentoring inexperienced sales agents?
- Can I afford to stop selling?
- Do I have what it takes to build a successful team, recruit new team members and manage an office?
If you were easily able to answer these questions, you might be ready to take your real estate career to the next level by earning your broker’s license.
What are the South Carolina requirements for brokers?
State law includes a list of requirements that must be met to be eligible for a real estate broker’s license. Several of them are as follows:
- You must have your real estate license for three consecutive years.
- You must complete Broker A and Broker B pre-license education courses.
- You must pass the state broker exam.
- You must complete 150 hours of required education, which may include the 90 hours you completed to take the real estate exam.
After completing pre-license requirements, you’ll be eligible to sit for the South Carolina broker exam. If you score 70% or higher on the test, you may apply for your license and start building a successful brokerage!