How to Obtain a Real Estate License
Obtaining a Real Estate License with Latter & Blum
Becoming a real estate agent takes dedication. To start, the Louisiana Real Estate Commission requires that you must:
Be at least 18 years of age.
Have obtained a high school diploma or equivalency certificate (GED).
Complete 90 hours of real estate education in courses approved by the Louisiana Real Estate Commission.
Pass the real estate salesperson licensing examination.
Select a Broker who you would like to affiliate with (Sponsoring Broker).
A good head start in real estate means learning more than just the bare minimum. Educational requirements must be in specific real estate courses and can be obtained through the following sources:
After completion of the classroom hours you will be given a Certificate of Completion and are eligible to apply for the licensing exam given each weekday, except holidays.
The exam is divided into two parts:
Real Estate Principles and Practices (consisting of contracts, different types of ownership, financing and pricing the property) and
Louisiana Laws and Real Estate Rules and Regulations (covering laws that are unique to our state)
Frequently Asked Questions
Why consider a career in real estate?
Real Estate sales provide an opportunity to run your own business with a minimum amount of upfront cost. The idea of flexible hours can be a huge incentive, plus most people like the idea of not having a limit placed on the amount of income they can earn.
How do I get started?
The first step is to set up an appointment discuss the many benefits of being associated with Latter & Blum. Our Manager will be happy to answer any questions you may have, show you the branch office, and work with you to determine how you can embark on a successful real estate career.
How long will it take to get my license?
Real estate classes offered by local real estate schools, certified by the State of Louisiana, are varied in format, from all-day to nights, part time to full time. Some even offer on-line classes to allow students to work at their leisure. The amount of time depends on the number or hours you can spend each day to complete the required hours. Generally, the process takes from four to twelve weeks. Once you have taken the exam, and Latter & Blum processes all of the necessary paperwork to the Real Estate Commission, you should receive your license within a short time.
How soon will I begin to earn an income?
Highs and lows are part of any sales career—some months will be higher producing then others; consistency over time will be the key to your success. Remember the first commission check may not come for a couple of months because real estate sales are paid on a commission basis and it takes time to establish and build a customer and client base for your business. So it really depends on you and how much time you devote to developing your business.
How much can I expect to earn?
Remember, you are in business for yourself so you decide how much you want to earn and set realistic goals to achieve success.
How do I get business?
Your objective in this business is to assist people through the process of buying or selling homes. Your business can come from people you already know or from complete strangers. At Latter & Blum you will be trained in all aspects of prospecting and sales and will be able to create a course that will be long-lasting. You will learn what tools to use to enhance your business performance.
What does it cost to get started?
We estimate the start-up cost to be approximately $1,500. Some of these expenses include your tuition, your real estate license, membership dues in the local, state and National Association of Realtors, errors and omission insurance, etc. Our manager will elaborate on what fees are due and when.
Am I limited to selling real estate in only one area?
Because Latter & Blum has branch offices throughout the Gulf South it allows our agents to list and sell in any area they so choose.
What characteristics make a good sales agent?
Attitude and personality traits include: honesty, integrity, willing to learn, good self-image, positive, outgoing, enthusiastic, likes to help others, independent and creative, handles frustration well, mature, persistent, and willing to work hard.
Have more questions? Visit with our Sales Manager, they’ll be happy to answer any questions you have.