Despite the appearance of a housing shortage, the Florida real estate industry is adding agents to their rolls at record numbers. If you like the challenge of competition, Florida is a great place to practice your real estate profession. But here are 6 other great reasons to become licensed in the Sunshine State.

Is it hard to get into real estate in Florida?

How Hard is the Florida Real Estate Exam? Generally speaking, the pass rate for the Florida real estate exam is between 50-60%. By comparison, the average driving test pass rate is 45.8% in the US. So while the test may be difficult and meticulous, you will be able to pass it if you prepare and study accordingly.

How do I start a real estate business in Florida?

Here are the basic steps to launching your successful Florida real estate career:

1. Complete your 63 hour Florida real estate sales associate course.
2. Submit a state application along with electronic fingerprints.
3. Take and pass the Florida real estate sales associate state exam.
4. Find a broker that you are comfortable with.

What is the fastest way to get a real estate license in Florida?

1. Complete 63 Hours of Approved Education. The first step to obtaining a license is to complete the 63 clock-hour Florida Pre-License Course.
2. Pass the Course Final Exam.
3. Submit Fingerprints to the Department of Business & Professional Regulation (DBPR)
4. Complete the License Application.
5. Pass the Florida Real Estate Exam.

How much does the average realtor make in Florida?

To formulate the average salary of an active licensed real estate agent or realtor in Florida is in-fact counterproductive. Specifically, because this career is one of the few in which income potential is matched by individual effort. Top producers in Florida can make well over six-figure or seven-figure incomes.

Can you take Florida real estate exam online?

Take your Florida Real Estate exam conveniently from home through OnVUE online proctoring. A live proctor will monitor you through the webcam on your workstation to provide a secure exam experience. Be sure to run the system test before you sign in to register for an online proctored exam.

Can you own a real estate company without a license in Florida?

Florida Broker’s Office Requirements. Only real estate brokers can own and maintain a real estate office in Florida. Florida’s real estate law prohibits real estate salespeople, or licensed sales associates, from office ownership.

What do you need to know about forming a real estate LLC?

You need to purchase your property and obtain your financing in the name of the LLC and order for that LLC to protect your personal assets. However, if you’ve already bought property in your personal name and you want to transfer it to the LLC the biggest thing that’s going to hold you up is a mortgage. You need to talk to the lender.

When to form a real estate investment company?

Some real estate investors purchase property they intend to use as a vacation home in the off season, but rent to vacationers during peak times. These investors run a serious liability risk if they have not considered formation of a real estate LLC.

What’s the best way to start a real estate company?

Because of the size of the potential liability with real estate deals, it’s generally a good idea to form an entity that will separate your personal assets from those of your company, which can be accomplished with an LLC, S-Corp or C-Corp. There’s also the option of forming an LLC and opting to have it taxed as an S-Corp.

What are the benefits of forming a real estate company?

Here are some other important benefits of choosing an LLC or corporation for your real estate practice. Tax Savings. Less Risk of an IRS Audit. Positioning for Success. Additional Credibility and Brand Protection.