How To Become A Licensed Real Estate Broker In Utah
With the housing market well on the way to complete recovery, many licensees making the move to become a real estate broker in Utah. 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 Utah broker. Real estate sales associates in Utah 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.
Utah Real Estate License Requirements
- All real estate candidates must have a good reputation of honesty, reliability, security and stability
- They cannot be involved in any sort of crime during the last 5 years
- They need to have at least 3 years of real estate experience
- They have to accumulate a total of at least 60 points within the 5 years proceeding application
- They have to complete 120 hours of approved trainings at a certified Real Estate Pre-License School, where they will study: Broker Management (12 hours), Advanced Appraisal (24 hours), Advanced Finance (24 hours), Property Management (24 hours), Advanced Real Estate Law (24 hours), Utah License Law (12 hours)
- They need to pass the Broker exam
Utah Reciprocal Agreements
Currently, the state of Utah has reciprocity agreements in place with:
Real Estate Broker Licensure Exam in Utah
There are 2 parts of the Utah 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: 4 hours for the national part and state specific parts
Visit pearsonvue.com to get all information you need for the Real Estate Broker Exam in Utah.
If you successfully pass the first part of the exam, you may take the other part during 6 months period, so you don’t need to take both parts on the same day.
You can take a non-programmable calculator with you to the exam place and two forms of identification.
You have to pay $118 of registration fee ($100 application fee, $18 recovery fund fee).
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.
We have licensed brokers on our team to help with all technology related questions.
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