One of the first things you might wonder if you want to work as a real estate agent in Texas is, “How much does the Texas real estate exam cost?”
Although there are a few associated costs to take into account, the exam fee itself is the most significant expense to be mindful of. Let’s put it simply.
Texas Real Estate License Examination Fees
There are two primary tests:
• Exam for Sales Agents: $43
• Broker Examination: $39
You pay these fees when you schedule the test through Pearson VUE, and they cover both the national and Texas-specific portions of the exam. Remember that these costs are non-refundable, so when you register, be sure you’re ready.
Practice Exams and Study Guides
Official practice tests are available on Pearson VUE for about $20. Although they are not necessary, these can be very beneficial when studying. Additionally, you can use other providers’ books, flashcards, or online preparation courses. The cost of these tools varies according to the features they provide.
Additional Fees Needed
Although the test is free, there are additional expenses needed to become a licensed real estate agent in Texas:
• Texas mandates 180 hours of pre-licensing education as part of the Qualifying Education (QE) requirement. Depending on the school or package you select, the average cost of these courses ranges from $980 to $1,624.
• TREC Application Fee: It will cost you between $185 and $205 to apply for a licence through the Texas Real Estate Commission (TREC).
• The state requires fingerprinting and a background check, which typically costs about $38.
Total Initial Outlay of Funds
Before you even take the test, here is a basic summary of what you should expect to spend:
• The estimated cost of the item is $980–$1,624 for qualifying education
• $185–$205 for TREC application
• $38 for a sales agent fingerprint and background check
• $43 for the Sales Agent exam
The entire estimated range is between $1,246 and $1,910.
Pay Attention to the Exam Fee
How much does the actual exam cost? The Sales Agent exam costs only $43, while the Broker exam costs $39 only. Overall, the exam fee is reasonable when compared to other steps in the process, even though practice tests may cost an additional $20.
Continued Expenses Following Licensing
There are yearly or continuing costs to take into account after passing the test and receiving your licence:
• Insurance against errors and omissions
• Commission splits or broking desk fees
• Dues for associations, such as becoming a member of the National Association of Realtors
• Fees for MLS access
• Continuing education every two years
• Depending on your circumstances, these recurring expenses may total $1,000 or more annually.
Is the Cost of the Exam Worth It?
The exam itself is reasonably priced, but the entire licensing process can be costly. Some costs, such as education and exam fees, may be tax deductible, and many new agents go on to earn good salaries. The exam fee is a minor but crucial step if you’re serious about beginning a real estate career.
Concluding Remarks to Summarise:
• The cost of the Sales Agent Exam is $43
• The cost of the Broker Exam is $39
• Other necessary expenses raise your total to between $1,200 and $1,900
• As a licensed agent, ongoing expenses can surpass $1,000 annually
Enrolling in a state-approved course, finishing your coursework, and getting ready for the test are the best places to start if you’re ready to start. After passing, you’ll be headed for a lucrative Texas real estate career.
