Of course. There are a many different real estate schools out there and figuring out the best one for you can be a daunting task. It’s always a balance between quality education and cost. Many of the courses are offered online or as self-study these days and we can help you choose. Ultimately, you want to pass your state exam the first time and we can help you choose the schools with the best success rates. We post our favorite online real estate schools here.
Sometimes. We have over 700 offices and some of them have in-house pre-licensing courses. Every US state has different real estate school laws, and some of our offices choose to refer their students to independent, third party schools.
This depends on the requirements in your state and the pace at which you complete the pre-licensing courses. The self-study courses move the fastest and there are sometimes delays at the state level when you take the final exam. Usually, it’s only a few months from start to finish.
Budget for a few hundred dollars. It’s usually not too expensive to pay for the real estate classes, state exam fee and other startup fees related to the real estate business.
The Keller Williams fees vary depending on the location. We use a formula to determine a competitive fee structure in each of our locations. The formula is based on a few factors: average home price, number of transactions in the area, cost of commercial office space, etc. Our fees are always competitive in the local market.
The Keller Williams training classes for new agents are comprehensive. Keller Williams Ignite is our foundational course that we recommend for all new agents (and experienced agents who need a little boost). Keller Williams Ignite covers all the aspects of the business you need to know in order to start in the industry. We also highly recommend Keller Williams BOLD, which is an intensive, multi-week course that will kickstart the business of real estate agents at every level.
If you plan to help people buy and sell real estate in multiple states, yes. The good news is many states have reciprocal licensing agreements with each other. That means you may not have to go through ALL of the pre-licensing classes that were required for your first license. It is important to know the difference in licensing laws in the different states, so they will usually require you to pass the state portion of their real estate exam (assuming you’ve already passed the national portion of the real estate exam with your initial licensing classes).
Referral fees are fees you can earn by referring clients to other licensees. The important part to remember is that referral fees can only be paid from one licensee to another (broker to broker). It is not legal to pay any sort of referral fees to people who don’t hold a real estate license. For example, you can have a friend who needs to sell her house in a state where you don’t hold a license. You can refer your friend to a licensee in the state and when the transaction closes, you earn a portion of the commission that was paid by the client to the licensee in that state. At the time of this publication, all 50 US states have agreements with the other US states to enable this arrangement.
There are dozens of options for every imaginable real estate sales trinket and tool out there. We are putting together a list of our favorites and will publish them in a separate post. To start, talk to the top performing agents in your office and ask them what they use.
In the UK, there is no licensing required. Many countries require some sort of licensing, so check with your local Keller Williams office for the rules there.
Typically, no, but Keller Williams health insurance solves that problem. We are unique in this arena as most real estate companies do not offer health insurance.