Real Estate License
An online real estate course may be the first step toward a career in real estate.
What Do You Learn in Real Estate School?
Online real estate courses cover the principles of real estate, real estate practice, laws and ethics, and the legalities such as the types of contracts needed in a transaction.
You'll learn the licensing requirements based on your state or the state in which you wish to obtain a license.
The course should establish all of the overarching requirements and objectives in a syllabus that defines the methods used to teach and test those objectives, any materials the students might need, and the instructor's name and contact information.
What Schools Offer Online Real Estate Classes?
We reviewed a host of online real estate classes, and our top picks are from The CE Shop, Real Estate Express, Aceable, Kaplan, and RealEstateU. Be sure to read our reviews and compare the classes to find the right fit for you.
What is the Association of Real Estate License Law Officials (ARELLO)?
The Association of Real Estate License Law Officials, or ARELLO, is an international organization facilitating the exchange of ideas and cooperation among real estate regulatory agencies, and policymakers with regard to real estate and real property issues. Online real estate classes should be accredited by ARELLO, so be sure to check before you choose a class.
What are the Advantages to Taking Real Estate Classes Online?
The two most significant benefits to online real estate classes are cost and conveniences. Most professional people seeking their real estate license already work full time and have home and family responsibilities, so being able to complete coursework and study online saves time. Online classes also tend to cost less than in-person courses.
How Much Do Online Real Estate Classes Cost?
Our research found that online real estate classes typically cost between $69 and $900. This is still more affordable than in-person classes, which cost several hundred dollars and don't include exam prep.
How Long Does it Take to Get a Real Estate License Online?
Each state has different requirements, but the time to complete pre-licensing work can range from as little as 24 hours to as much as 180 hours. Remember, you'll go through the course at your own pace, but that doesn’t change the required pre-licensing hours. You may exceed the minimum required hours to get a better handle on the material, as necessary.
Real estate is defined as the land and any permanent structures, like a
home, or improvements attached to the land, whether natural or manmade.
Real Estate Agent
A real estate agent is a licensed professional who arranges real estate transactions, acting as the representative for buyers, sellers, or both in negotiations. Real estate agents usually are compensated by a commission—a percentage of the property’s purchase price—so their income depends on their ability to close a deal. In almost every state, a real estate agent must work for or be affiliated with a real estate broker (an individual or a brokerage firm), who is more experienced and licensed to a higher degree.
A Realtor is a real estate professional who is a member of the National Association of Realtors (NAR), a professional association. The NAR defines the term Realtor as a federally registered collective membership mark that identifies a real estate professional who is a member of the association and subscribes to its code of ethics.
Real Estate Broker
A real estate broker is a real estate agent who continues their education and successfully receives a state real estate broker license. Unlike real estate agents, brokers can work independently, start their own brokerage firm, and hire other real estate agents.
Real property is a parcel of land and everything that is permanently attached to the land. The owner of real property has all of the rights of ownership, including the right to possess, sell, lease, and enjoy the land.
A listing broker or listing agent is a real estate professional who assists a homeowner with listing and marketing their home for sale. Some of a listing broker's duties include determining an appropriate price for the home, establishing a listing, and holding open houses for prospective buyers. They also work with the buyer’s agent—also referred to as the selling agent—to coordinate the sale of the home.
An exclusive listing is a type of real estate listing agreement in which a property seller appoints and specifically authorizes one real estate broker to act as the seller’s sole agent. By contrast, in an open or non-exclusive listing, the seller retains the right to employ any number of brokers as agents.
Fair Housing Act
The Fair Housing Act, also known as Title VIII of the Civil Rights Act of 1968, is a federal law enacted in 1968 that prohibits discrimination in the purchase, sale, rental, or financing of housing—private or public—based on race, skin color, sex, nationality, or religion. The statute has been amended several times, including in 1988 to add disability and family status. State and local laws may expand upon these protections in some jurisdictions but may not detract from or reduce them.