How to Get Your Commercial Real Estate Broker's License

Commercial real estate brokers specialize in selling income-producing properties, such as apartments, shopping centers, stores, warehouses and industrial parks. While requirements vary by state, the broker licensure process generally involves taking courses, having experience in real estate sales and passing an exam. View article »

View 10 Popular Schools »

An error occurred trying to load this video.

Try refreshing the page, or contact customer support.

94% college-bound high school students
…said it was important to communicate with colleges during the search process. (Source: Noel-Levitz 2012 trend study)

Select a school or program

    • MBA - Finance
    • MBA
    • Bachelor of Science in Business Administration, Real Estate Career Focus Area
    • BSFIN in Real Estate
    • BS in Business Administration - Sales Management
    • BSFIN in Accelerated MS Finance
    • BS in Finance
    • BSFIN in General Finance
    • AAS in Business Administration
    • AAS in Business Administration - Sales
    • View all programs
    • Master of Professional Studies in Real Estate
    • Master of Science in Finance
    • View all programs
View More Schools
Show Me Schools
 Replay
  • 0:00 Licensure Overview
  • 0:23 Licensure Process
  • 1:10 Education and Training Options
  • 2:14 Exam and Continuing Education
  • 3:40 Job Outlook and Salary…

Find the perfect school

Video Transcript

License Overview

To earn a commercial real estate broker's license, it is necessary to meet minimum eligibility and training requirements that are laid out by their state for individuals who want to take the licensure exam. Individuals who pass the exam must also periodically complete continuing education courses.

Licensure Process

Licensing requirements for commercial real estate brokers often differ depending on the state. However, all U.S. states require the passing of a written test. Most states require taking pre-licensing education courses, and some measure candidates against experience or equivalency standards. To be eligible for the licensure exam, aspiring brokers typically need to meet the following eligibility requirements:

• Be at least 18 years old

• Have a high school diploma or GED

• Have several years of experience as a licensed real estate agent or have a relevant bachelor's degree

After completing the required training and passing the state licensure test, the licensed broker may work for a company or independently.

Education and Training Options

Although only a high school education is required to become a licensed commercial real estate broker in most states, many community colleges, universities and private education institutes now offer real estate courses within associate's, bachelor's and master's degree programs, usually in business or closely related subjects. In addition, students may find courses through local real estate associations. These groups are often members of the National Association of Realtors. Brokerage firms may sponsor private classes, as well.

Course topics may differ between states depending on the particular topics covered on the licensure exam within that state. Some of the most common subjects of study include:

  • Finance
  • Property development
  • Human resources management
  • Business law
  • Real estate law
  • Real estate appraisal
  • Real estate accounting
  • Real estate practices and procedures
  • Mortgage loan brokering
  • Property management

Find schools that offer these popular programs

  • Auctioneering
  • Business Marketing Operations
  • Fashion Merchandising
  • Hospitality Marketing Operations
  • Insurance, General
  • Marketing for Apparel and Accessories
  • Marketing for Travel and Tourism Operations
  • Modeling
  • Real Estate Sales, Appraisal, and Finance
  • Special Product Marketing
  • Tourism Promotion Operations
  • Vehicle and Vehicle Parts Marketing

Exam and Continuing Education

The licensure examination requires that students understand basic real estate laws and transactions of property consistent with both federal and state-specific laws. In addition to this, states can require anywhere from 60-900 hours of classroom instruction to sit for the exam, which may depend on previous sales agent experience. After applying for licensure and passing the exam, brokers must complete their state's continuing education requirements for license renewal, which usually has to be done every two to four years and includes more coursework.

Students may find information on both licensing and license renewal through the Association of Real Estate License Law Officials. This association focuses on real estate regulations and offers both membership and continuing education courses in real estate brokering. There are also other organizations that provide continuing education opportunities, many of which are available online in order to support the needs of working professionals.

In addition to providing the credits necessary for licensure renewal, they give real estate brokers the chance to increase their knowledge in relevant topics, such as agency law, green building consumer protection, fair housing, marketing, risk management, handling trust funds and ethics.

Job Outlook and Salary Information

The U.S. Bureau of Labor Statistics (BLS) expects real estate brokers to experience a slow employment growth of 2% between 2014 and 2024. The BLS does note that demand for brokers depends on the overall economy and has periods of decline. As of May 2016, real estate brokers were paid a median annual wage of $56,790, according to the BLS.

In order to become a real estate broker, it is necessary to meet state eligibility requirements and pass a state-specific licensure exam. Licensed brokers must also fulfill continuing education requirements in order to maintain their certification.

Next: View Schools

What is your highest level of education?

Some College
Complete your degree or find the graduate program that's right for you.
High School Diploma
Explore schools that offer bachelor and associate degrees.
Still in High School
Earn your diploma of GED. Plan your undergraduate education.

Schools you may like:

Popular Schools

The listings below may include sponsored content but are popular choices among our users.

    • MBA - Finance
    • MBA
    • Bachelor of Science in Business Administration, Real Estate Career Focus Area
    • BSFIN in Real Estate
    • BS in Business Administration - Sales Management
    • BSFIN in Accelerated MS Finance
    • BS in Finance
    • BSFIN in General Finance
    • AAS in Business Administration
    • AAS in Business Administration - Sales

    What is your highest level of education completed?

    • Master of Professional Studies in Real Estate
    • Master of Science in Finance

    What is your highest level of education completed?

  • What is your highest level of education?

    • Master of Business Administration

    What is your highest level of education?

  • What is your highest level of education completed?

    • Master of Business Administration in Interdisciplinary Business

    What is your highest level of education?

  • What is your highest level of education completed?

    • Master of Arts in Law - Business
    • Master of Business Administration - Finance and Investing
    • Master of Business Administration
    • Master of Business Administration - General Management
    • Master of Business Administration - Innovation Management
    • Master of Business Administration - Kindom Business
    • Bachelor of Science in Business
    • Bachelor of Science in Professional Studies - Business
    • Bachelor of Science in Business - General Management

    What is your highest level of education completed?

    • Business Administration - DBA (Doctorate)
    • Finance - MBA (Master's)
    • General Business (MBA)
    • Finance - Bachelor
    • Accounting - Associate
    • Business Administration - Associate

    What is your highest level of education?

    • Master of Business Administration - Finance
    • Master of Business Administration

    What is your highest level of education?

Find your perfect school

What is your highest level of education?