Real Estate Degree or License: When is it Preferable to Just Get a Degree?

A career in real estate can be entirely enjoyable and lucrative if you have the drive and knowhow. It enables you to get out of a traditional office environment and meet new people on a regular basis. You will be able to tour homes and help others achieve their goals. This can be entirely rewarding, and many successful real estate agents earn a fabulous income for their efforts. But before you can enjoy a fulfilling and profitable career as a real estate agent, you may be wondering if you need to get an actual degree in this field or if a license will suffice. There are a few points to consider before heading down either path.

The Education Requirements

Each state has unique education requirements in place for a real estate agent license, and there may be additional requirements to become a real estate broker. It is a common requirement for licensing for the applicant to have a minimum education. For example, some states may require that you have at least 30 or 60 hours of college coursework. Generally, a degree is not required in most states so make sure you check out what your state is asking for before doing anything.

Your Current Education Status

If you already have the education requirements for your state’s licensing rules fulfilled, you may not feel inclined to take additional courses to earn a degree in real estate. The fact is that many successful agents only have a license and do not have a degree. Keep in mind that many licensing requirements state that you must attend a certain number of real estate classes before taking the licensing test, so you will still have a solid foundation in real estate even without a degree.

Your Future Plans

There are times when earning a real estate degree is a wise decision. For example, if you are younger in age and would like to get your first degree, getting a degree in the field of your choice is a wise move to make. You can attend school either traditionally or get an online degree to conveniently earn a diploma in this field. In addition, if you plan to advance in your real estate career, a degree may be beneficial. For example, if you have plans to own your own real estate firm or to manage a firm, you may opt for a degree.

Each situation is unique and examining the pros and cons of a real estate degree vs. just a real estate license can be well worth your time. The goals of the individual, the budget available for education and the current education status are all important factors to consider as you weigh your options. By spending time learning more about degree options and state licensing requirements, you can make a decision that is best for you.

Meghan Belnap –

Meghan Belnap is a freelance writer who enjoys spending time with her family. She also enjoys being in the outdoors and exploring new opportunities whenever they arise as well as researching new topics to expand her horizons. You can often find her buried in a good book or out looking for an adventure. Meghan recommends getting an online real estate degree to get your real estate endeavors off the ground.