How to Become a Real Estate Agent in Utah

To become a real estate agent in Utah, you must satisfy all the requirements set by the Utah Real Estate Commission.  The requirements include completing the required education in a real estate school approved by the Utah Real Estate Commission.

The State of Utah currently has signed reciprocity agreements with Wyoming, Colorado, Idaho, Montana, and Alberta, Canada which allows you to apply for licensing through reciprocity if you live and are currently an active real estate agent in one of those states. There is a $100 licensing fee as well as other fees.


Here's what you need to know :
1) Licensing Requirements in Utah
2) License Renewal and Continuing Education Requirements
3) Income Potential
4) Real Estate Schools


How to Become a Real Estate Agent in Utah

1) Real Estate Agent Licensing Requirements in Utah
You MUST be licensed by the state of Utah Real Estate Commission in order to be a real estate agent in Utah.

To obtain your Utah real estate license so that you can practice as a real estate agent in Utah, you must:

i) Satisfy the minimum requirements requirements to sit for the real estate exam:

ii) Receive a stamped and signed Candidate Education Certifying Document from the real estate school upon completion of the course .

iii) Use that Document to schedule the real estate exam. There is currently a $68 examination fee.

iv) Pass the Utah Salesperson Exam. The exam is administered on a computer, is 4 hours long with 80 questions on general real estate and 50 questions on state law.

v) Apply for your Utah real estate license within 90 days. Upon passing the exam, you'll receive a score report and Application for Real Estate License. This form must be completed and signed by the applicant and employing licensed real estate broker and sent back to the Utah Division of Real Estate within 90 days of passing the exam. There is currently a $151 fee to obtain the license.

 

2) License Renewal and Continuing Education Requirements

The Utah real estate license must be renewed every 2 years in order to continue practicing as a real estate agent in Utah. There is currently a $64 fee to renew the salesperson license.

There is also a continuing education requirement that must be met. You must complete 12 hours of approved real estate education to renew the license. The 12 hours must include a mandatory 3 hour core course.

A minimum of 6 of the 12 hours of Continuing Education classes must be LIVE education (classes taught in a physical classroom).  A maximum of 6 hours can be PASSIVE education (e.g. video tapes watched outside the presence of a pre-license instructor). 

 


3) Income Potential
Real estate agents are generally paid based on a percentage of the sales price. The seller may pay 4 to 7% of the sales price as the fee and that will usually be split 50/50 between the seller and buyer's broker.

In Utah, the 2004 average home price is approximately $190,000. Assume that the fee is 6%, the buyer's and seller's broker is each paid 3% or $5700.

This fee is then split further between the broker and agent. Generally, for starting agents, the split is 50/50. So in this case, the agent will end up receiving $2850 for the transaction.

There is no limit as to how much an agent can make in a year - the sky's the limit.

Based on Utah's average home price and the above example, a real estate agent in Utah can make about $28,500/year by selling 10 houses a year. By selling one house per week, the real estate agent in Utah will have a salary of $148,200!


4) Real Estate Schools

The first step to becoming a real estate agent in Utah is to take the required classes at an approved real estate school. School status may change so it is best to call the Utah Division of Real Estate at 801.530.6747 prior to signing up for a class.

Below are real estate schools in Utah that are currently approved by the Utah Division of Real Estate:

ADVOCATES OF THE COMMON WEALTH

Director: John Schoppe

3615 North Wolfcreek Drive

Eden, UT  84310

Phone: 801.745.2649

   

HARMAN REAL ESTATE ACADEMY

Director: David Harman

55 W. University Parkway

Orem, UT  84058

Phone: 801.224.2010

 

PREFERRED REAL ESTATE SCHOOL

Director: Hamid Hosseini

5420 S. Green Street

Salt Lake City, UT  84123

Phone: 801.892.4650

 

ST GEORGE REAL ESTATE SCHOOL

Director: David Wecker

1060 S. Main Street, Suite 200

St George, UT  84770

Phone: 435.628.2200

 

 

STRINGHAM REAL ESTATE SCHOOL

Director: Kevin Swenson

5248 S. Pinemont Drive, Suite C250

Salt Lake City, UT  84123

Phone: 801.269.8889

 

THE REAL ESTATE ACADEMY

Director: Bea Carman

251 W. Hilton Drive, Suite 106

St. George, UT  84770

Phone: 435.674.1477

 

THE REAL ESTATE SCHOOL

Director: Linda Leavitt

5296 S. Commerce Drive

Murray, UT  84107

Phone: 801.266.9499

   

UTAH VALLEY STATE COLLEGE

Director: Hugh Rode

800 West University Parkway

Orem, UT  84058

Phone: 801.222.8000 x8144