Do You Need a College Degree to Become a Real Estate Agent?

To become a successful real estate agent in Florida, you don't have to have a college degree. Here are the main requirements for becoming a real estate agent in Florida

  • Be at least 18 years old
  • Have a high school diploma
  • Complete a 63-hour pre-license course
  • Pass the Florida real estate exam with a score of 75 or higher

Although a college degree is not required to practice real estate, about 20 percent of real estate agents in the state of Florida come to the profession with a degree. These degrees may range from associate's to master's degrees and PhDs. 

Best College Majors For Real Estate Careers

While you may not need a degree to become a real estate agent, many agents come to the industry with previous college experience, particularly a bachelor's degree. Here are some of the best college majors that may give you an edge as a real estate agent. 

Accounting

When you decide to become a real estate agent, you will also become an independent contractor. This means you will have some control over when you work and what you do with your earnings. Essentially, you will be a small business owner. As such, having an accounting degree can help you, particularly with financial and tax-related issues of your business. 

Business Administration

As a real estate agent, you will be involved in many facets of business. According to a report from Zippia, 30 percent of agents with degrees have a business degree. So, having a business administration degree or any degree related to business could be beneficial to being an agent. A business administration degree introduces students to accounting, management, marketing, finance, and more. Since agents will have to wear many hats in business, such a degree can expose them to many aspects of the industry. 

Entrepreneurship

As an independent contractor, you will not receive hourly pay, nor will you have to report to work during certain hours. Although real estate agents don't enjoy the full benefits of being an independent contractor since they have to work under a broker, they have more freedom than employees. As such, having a degree in entrepreneurship could prove beneficial. In this degree, you learn how to be a business owner, which is essentially what you will be as an agent. The main difference is you won't have to seek funding the traditional way through angel investors and banks because the impetus for money will come from earnings as an agent through commission splits. 

Marketing

A degree in marketing can significantly boost your real estate career since much of your tasks will involve getting the word out about your business and properties. Such a degree will introduce you to market research, digital marketing, branding, social media, advertising, and more critical aspects of influencing consumer behavior. 

Frequently Asked Questions

How old are people when they become real estate agents?

Even though the state of Florida requires you to be at least 18 to be a real estate agent, many agents tend to enter the profession much later in life. According to the National Association of Realtors and Zippia, the age range for real estate agents is between 49 and 60. 

Do I have to have a background in sales to become a real estate agent?

No. Plenty of real estate agents come from diverse professions, including teaching, banking, legal professions, and more. While it is helpful to have some sales skills, it is not essential. Working as a real estate agent will involve various skills, from administrative to leadership. So, the more well-rounded you are, the better you will be able to handle the challenges in this profession. 

Can anything prevent me from getting a real estate license in Florida?

Yes. Applicants with criminal histories may not be eligible for licensure. Crimes of "moral turpitude" such as forgery, extortion, embezzlement, or theft could prevent you from becoming a real estate agent. Additionally, crimes against minors or elders and those involving sexual assault may also prevent you from obtaining a license.