Licensing Overview

As you have already learned, in order to help the people around you in buying and selling real estate for compensation, you need a license to do so. Obtaining a license is one of the first steps that must be completed before acting as a real estate agent.

Just like requiring drivers to obtain a driver's license, each state requires real estate agents to be licensed for protection of rights, to create standards of competency and ethics, and to make sure that agents are qualified to represent others in real estate transactions.

Lesson Objectives

At the completion of this lesson you should be able to do the following:

• Differentiate between those duties that require a real estate license and those that don’t.

• Explain the qualifications for licensure. 

• Name the three different licenses available.

• Define the process of renewing a license and describe the continuing education process.

• Explain the difference between an active and an inactive license and articulate the process for bringing a license off inactive status.

• Navigate and successfully utilize the online RELMS system.

• Explain how personal assistants should be paid.