How To Become A Real Estate Agent In Kansas (5 Steps)
Nov 23, 2024
Real estate has become synonymous with today’s greatest wealth-building vehicles in every state, and Kansas refuses to be an exception. It is worth noting, however, that one may partake in Kansas’ lucrative housing sector in several ways. Today, we will teach you how to become a real estate agent in Kansas; that way, you can start building wealth through real estate. In doing so, we will help you navigate the process of getting a real estate license in Kansas, beginning with the following:
- Kansas Real Estate Agent Requirements
- Confirm You Are Eligible To Become A Real Estate Agent
- Complete Your Prelicensing Real Estate Coursework & A Background Check
- Pass The Kansas Real Estate Salesperson Exam & Apply For A License
- Join A Kansas Real Estate Broker
- Kansas Real Estate License Renewal
- Pros & Cons Of Becoming A Real Estate Agent In Kansas
- Kansas Real Estate Agent FAQ
- Final Thoughts On How To Become A Real Estate Agent In Kansas
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Kansas Real Estate Agent Requirements
According to the latest estimates by the National Association of Realtors, Kansas’ real estate sector accounted for 15.8% of the state’s gross domestic product (GDP), or $33.2 billion. At that level, real estate significantly impacts the local economy, so Kansas has established strict requirements for anyone wishing to become a real estate agent within its borders.
To ensure everyone who operates as a licensed real estate agent is competent and able to facilitate transactions with the utmost professionalism, Kansas regulatory authorities require everyone to complete the following steps:
- Step 1: Confirm You Are Eligible To Become A Real Estate Agent
- Step 2: Complete Your Prelicensing Real Estate Coursework & A Background Check
- Step 3: Pass The Kansas Real Estate Salesperson Exam & Apply For A License
- Step 4: Join A Kansas Real Estate Broker
- Step 5: Kansas Real Estate License Renewal
1. Confirm You Are Eligible To Become A Real Estate Agent
Before learning how to become a real estate agent in Kansas, aspiring agents should first determine whether or not they are eligible to practice as a licensed real estate agent.
To become a real estate agent in Kansas, individuals must meet specific eligibility criteria outlined by the Kansas Real Estate Commission. First and foremost, aspiring agents must be at least 18 years old. Additionally, a high school diploma or equivalent educational qualification is required, ensuring that candidates possess a foundational level of education.
Furthermore, eligibility is restricted to U.S. citizens or lawfully admitted residents, emphasizing the importance of legal status in pursuing a career in real estate in Kansas. Prospective agents should be able to provide documentation to verify their citizenship or lawful residency.
A crucial step in the eligibility process involves the Kansas Real Estate Commission's assessment of an individual's criminal record. Pursuant to statute K.S.A. 58-3043, the Commission must approve the candidate's criminal background before granting licensure; this underscores the state’s commitment to integrity and professionalism.
Once you are confident you meet these requirements, learn how to become a real estate agent in Kansas by moving on to the second step.
2. Complete Your Prelicensing Real Estate Coursework & A Background Check
Once aspiring real estate investors in Kansas have ensured their eligibility to become agents, the next step in the licensing process involves completing 60 hours of approved pre-licensing coursework. This coursework is pivotal in providing aspiring agents with the knowledge and skills necessary to excel in the real estate industry. The curriculum has been pre-approved by the Kansas Real Estate Commission, ensuring its alignment with the state's regulatory standards.
The pre-licensing courses cover various topics essential for real estate professionals. These include understanding property characteristics, legal descriptions, and property use. Aspiring agents delve into the intricacies of forms of ownership, the transfer and recording of title, property value, and appraisal methods. The coursework also addresses critical aspects such as real estate contracts, agency relationships, and much more.
The Kansas Real Estate Commission facilitates the licensing process by providing a list of pre-approved courses, among which Colibri Real Estate stands out as one of the best options available. Colibri Real Estate offers a selection of packages designed to meet the mandatory 60-hour pre-licensing coursework requirement. These packages cater to different learning preferences and budgets, ranging from $270 to $542.
What sets Colibri Real Estate apart is its commitment to ensuring the success of its students. The company is so confident in the quality of its courses that it goes a step further than most providers. Colibri Real Estate promises students who, for any reason, do not pass the Kansas salesperson exam on their first attempt a refund for the original cost of either their pre-licensing package or the exclusive exam preparation they purchased.
During the pre-licensing coursework or before the salesperson exam, aspiring real estate agents in Kansas must undergo a background check; this involves submitting fingerprints for review by both the Kansas Bureau of Investigation (KBI) and the Federal Bureau of Investigation (FBI). Following the background check, candidates will receive a fingerprint card, which must be submitted to the Kansas Real Estate Commission, along with a $75 processing fee and payment authorization form.
At this point in learning how to become a real estate agent in Kansas, you must wait a few weeks to hear back from the Kansas Real Estate Commission. Once you receive the word, you can move on to step three.
Read Also: Colibri Real Estate Review
3. Pass The Kansas Real Estate Salesperson Exam & Apply For A License
After completing the pre-licensing coursework and successfully navigating the background check process, the next crucial step towards obtaining a real estate license in Kansas is to apply for and pass the salesperson exam. The exam is a comprehensive assessment of the candidate's understanding of national and state-specific real estate principles.
To take the exam, applicants must schedule an appointment with Pearson VUE, the authorized testing provider. Alongside scheduling, a fee of $82 must be paid directly to Pearson VUE to secure the examination slot.
The salesperson exam comprises 110 multiple-choice questions to be completed within four hours. The questions include 80 with a national focus and an additional 30 specific to the state of Kansas. Test takers must receive a 70% or better score to apply for a real estate license in Kansas.
Navigating this exam is a pivotal milestone in learning how to become a real estate agent in Kansas. With a focus on the essential knowledge and skills needed for the profession, the examination process sets a standard for competency in the field. Successful completion of this step brings aspiring agents one step closer to realizing their goal of practicing real estate in the state of Kansas.
After successfully passing the salesperson exam, the next step in obtaining a real estate license in Kansas is to apply for one. Aspiring agents must submit the Kansas real estate license application received upon passing the exam and proof of completing the pre-licensing coursework. Additionally, a payment of $125 to the Kansas Real Estate Commission is required to process the license. You will receive your Kansas real estate license when all is said and done. However, you can’t put it to use until you complete the next step: joining and working alongside a Kansas real estate broker.
4. Join A Kansas Real Estate Broker
Becoming a real estate agent in Kansas entails more than just passing exams and obtaining a license; it involves working alongside a qualified real estate broker. Newly licensed agents must affiliate with a broker to maintain and utilize their real estate license. The broker serves as a mentor, providing guidance and practical insights into the industry.
Choosing the right broker is a crucial decision for aspiring agents. It's not just about meeting regulatory requirements; it's about aligning with a professional who shares your goals and values. Consider factors such as the broker's reputation, the support and training they offer, the company culture, and their success in the local real estate market. A broker who aligns with your aspirations and provides a conducive learning environment can significantly impact your career trajectory.
Working with a reputable and supportive broker enhances professional development and opens doors to networking opportunities and potential clients. The relationship between an agent and their broker is symbiotic, with the agent gaining valuable experience and the broker benefiting from the agent's contributions to the team.
Read Also: 11 Best Platforms For Your Real Estate Social Network
5. Kansas Real Estate License Renewal
The final step in mastering how to become a real estate agent in Kansas involves ongoing education. Licensed agents are mandated to complete 12 hours of continuing education every two years; this ensures agents stay current with industry trends and regulations.
The two-year license renewal process includes a $125 fee, and agents must invest in approved continuing education courses, emphasizing the commitment to maintaining professional competence in the ever-evolving real estate landscape. Continuing education keeps agents informed and enhances their skills, ensuring they provide clients with the highest level of service while meeting the state's requirements for license renewal.
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Pros & Cons Of Becoming A Real Estate Agent In Kansas
Becoming a real estate agent in Kansas coincides with pros and cons. It is crucial for individuals aspiring to become real estate agents to thoroughly understand and weigh these pros and cons before learning how to become a real estate agent in Kansas, ensuring they are well-prepared for what’s to come.
Benefits Of Becoming A Real Estate Agent In Kansas
Learning how to become a real estate agent in Kansas coincides with many benefits, including:
- Lucrative Profit Potential: One of the primary benefits of becoming a real estate agent in Kansas is the potential for lucrative earnings. Agents often earn commissions based on the value of the properties they help buy or sell, offering a direct correlation between effort and income. Successful agents who build a robust client base and network can enjoy substantial financial rewards.
- Fulfilling Role In Realizing Dreams: Real estate agents play a pivotal role in helping buyers find their dream homes and sellers achieve successful transactions. Guiding clients through the intricate process of property transactions, agents witness the joy of homeownership and the satisfaction of successful sales. This aspect of the job provides a sense of fulfillment and positively impacts people's lives.
- Flexibility & Independence: Real estate agents in Kansas enjoy a degree of flexibility and independence in managing their work schedules. This flexibility allows agents to balance work and personal life according to their preferences. The ability to control one's schedule appeals to individuals seeking career autonomy.
- Networking Opportunities: The real estate industry thrives on connections and relationships. Becoming a real estate agent opens doors to numerous networking opportunities. Building a strong professional network not only aids in securing clients but also fosters collaborations with other professionals in the field, such as mortgage brokers, inspectors, and fellow agents.
- Gateway To Wholesaling & Flipping Opportunities: Is wholesaling real estate legal in Kansas? It sure is, and flipping. As a result, many real estate agents use their licenses to improve their investing acumen. Beyond the immediate benefits, a career as a real estate agent in Kansas can be a valuable stepping stone to explore wholesaling and property flipping Gaining insights into market dynamics, property values, and negotiation skills as an agent provides a solid foundation for individuals interested in transitioning to real estate investment strategies. The knowledge acquired while working as an agent can prove instrumental in identifying profitable investment opportunities and navigating the complexities of wholesaling or flipping properties for those aspiring to diversify their real estate endeavors.
Drawbacks Of Becoming A Real Estate Agent In Kansas
Learning how to become a real estate agent in Kansas coincides with many drawbacks, including:
- Income Uncertainty: Real estate agents often face income uncertainty, especially during the initial stages of their careers. Commissions are variable and depend on successful property transactions. Agents may experience periods with limited or no income, requiring financial planning to navigate lean times.
- Intense Competition: The real estate industry in Kansas, like many other places, is highly competitive. The abundance of agents vying for clients can make establishing a robust client base challenging. Building a reputation and differentiating oneself in a crowded market requires dedication, marketing acumen, and exceptional customer service.
- Lack Of Employee Benefits: Unlike traditional employment, real estate agents typically do not receive employee benefits such as health insurance, retirement plans, or paid time off. Agents are responsible for covering their insurance and other benefits, adding an additional layer of financial responsibility to their independent contractor status.
- Irregular Work Hours: Real estate transactions often occur outside standard business hours, including evenings and weekends. Agents must be available when clients are, leading to irregular work hours. This unpredictability can affect work-life balance and may not suit individuals seeking a conventional 9-to-5 routine.
- Upfront Costs & Fees: Starting a career as a real estate agent involves upfront costs, including licensing fees, continuing education expenses, marketing materials, and association fees. Additionally, agents may incur costs related to technology, transportation, and office space. These initial investments can pose financial challenges, especially for those entering the industry with limited resources.
Kansas Real Estate Agent FAQ
We have curated a comprehensive list of the most frequently asked questions about becoming a real estate agent in Kansas, streamlining the information for readers' convenience. This resource addresses common queries, providing aspiring agents with quick and accessible insights into navigating the licensing process and building a successful career in the Kansas real estate industry.
How Much Does A Kansas Real Estate Salesperson License Cost?
Obtaining a Kansas real estate salesperson license involves several costs. The pre-license coursework offered by providers like Colibri Real Estate ranges from $270 to $542 and is the initial investment. Background checks, required during the pre-licensing process, come with a fee of $75.
Taking the salesperson exam incurs an additional cost of $82, and applying for the license involves a fee of $125. Every two years, license renewal requires a payment of $125. Continued education costs can vary based on the courses selected.
When tallying up all these expenses, aspiring agents can estimate the total cost of acquiring and maintaining their Kansas real estate salesperson license, factoring in both the one-time and recurring fees associated with the licensure process.
How Long Does It Take To Get A Real Estate Salesperson License In Kansas?
The timeline to obtain a real estate salesperson license in Kansas varies, but it takes several months on average.
This duration encompasses completing the 60-hour pre-licensing coursework, undergoing a background check, passing the salesperson exam, and finalizing the Kansas Real Estate Commission application process.
How Much Do Real Estate Agents In Kansas Make?
Real estate agents' earnings in Kansas can fluctuate based on factors like experience, location, and market conditions. Still, on average, they earn a commission on each transaction, typically ranging from 2.5% to 3% of the property's sale price. For context, the average Kansas home value is $214,772, according to Zillow.
Therefore, Kansas's average real estate agent can make about $6,442.16 per deal. Of course, that’s just a simple example, but it highlights the earnings potential of those who learn how to become a real estate agent in Kansas. Successful agents with established clientele and robust networks often achieve higher incomes, while those starting may experience variable earnings initially.
Final Thoughts On How To Become A Real Estate Agent In Kansas
Learning how to become a real estate agent in Kansas has proven to be difficult in the past, that is until we created this guide. You see, in the past, each individual step was buried on government websites and hard to translate for the average person. As a result, we created this guide to teach you how to become a real estate agent in Kansas and clarify the process. By following the steps outlined above, anyone can become an agent in Kansas and start building wealth in real estate.
Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.
Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!