With the housing market well on the way to complete recovery, many licensees making the move to become a real estate broker in Tennessee. After all, one of the benefits of a forming a career in real estate is the control it allows you in shaping your personal success. The step towards becoming a broker is the beginning of an exciting new chapter in the life of a real estate professional. There is no need to wait for a promotion. A real estate licensee is able to simply make the decision to sign up for broker training and the state exam. Once this decision has been made, it may be only a matter of weeks before you are working as a Tennessee broker. Real estate sales associates in Tennessee who are ready to take the next step in their real estate careers can begin the process of becoming a licensed real estate broker by completing the state’s requirements for licensure.
Tennessee Real Estate License Requirements
- Age: at least 18 years old
- Courses: successfully complete 120 hours of approved real estate courses. 30 hours of which must be an ‘Office/Broker Management’ course
- Exam: Pass the broker real estate examinations
- Additional courses: complete 120 hours of approved post-licensing courses before the third anniversary of becoming licensed.
Tennessee Reciprocal Agreements
Currently, the state of Tennessee has reciprocity agreements in place with:
- New Mexico
- North Carolina
- North Dakota
- South Dakota
- West Virginia
Real Estate Broker Licensure Exam in Tennessee
There are 2 parts of the Tennessee Real Estate Salesperson Exam: national and state specific. National part has more questions and is more complex than state specific part. There will be such number of questions in each part of the exam:
National part: 80 questions (answer 60 questions correctly to pass this part)
State specific part: 50 questions (answer 38 questions correctly to pass this part)
Time limit: 150 minutes for the national part and 90 minutes for state specific part
You should visit psiexams.com to have all information you need for the Real Estate Broker Exam in Tennessee. Firstly, submit an application with education and experience requirements to TREC. The exam approval process takes about 4 weeks. You may register for the exam when you receive the approval notice.
You don’t have to pass both parts of the exam at once. You may pass the first part when it is suitable for you and the second part later.
You will take the exam on a computer and you will be able to see your results when you finish it. Don’t bring any books to the testing room. Arrive 30 minutes before the exam starts. Don’t forget to take with you 2 forms of ID and a calculator for the math part.
You have to pay $55 of registration fee to take Tennessee Real Estate Salesperson Exam and the retake fee is the same.
Real Estate Broker Software
The Right Tools
The most professional real estate workers often require software to efficiently sort through paper work. It has been pointed out that good software such as Brokermint can transform a real estate business for the better. Back office software should be able to create a consistent and manageable flow from lead generation to closing and accounting. It should be able to cross integrate with Contact Management systems (CRM), MLS and Accounting Packages. The main goal of this type of software is to help real estate experts save time managing day-to-day operations, get instant visibility on production data and remain in compliance with regulations.
Software like Brokermint perfectly fits for small companies that recently started their real estate business.
There are other tools that are useful to real estate agents. Having a strong social media presence through sites such as Facebook or LinkedIn can come in very handy in attracting potential customers. Also consider using Zillow and Trulia. These websites help track information on available real estate properties in local areas. Be sure to familiarize yourself with the kinds of tools that real estate brokers need to work in the field. It is a necessity to feel prepared in this business.
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