How Much Does It Cost to Take the Real Estate Exam?

A common question among aspiring real estate professionals is about the financial aspect of this process. 

In this blog, we aim to clarify the various costs you may encounter on your journey to becoming a licensed real estate agent. Our goal is to provide a detailed breakdown of these expenses, guiding you to effectively plan and budget for this important career milestone.

Real Estate Exam Fees

The cost of taking the real estate exam in the United States varies by state, with fees generally ranging from $35 to $130 per attempt. This variation in cost is due to differences in state regulations and the administration of the exams. 

After passing the exam, there are separate state application fees for obtaining your real estate license, which typically run between $125 and $400, depending on the state.This fee varies significantly from state to state. For instance, at the time of writing this blog:

• Alabama: $210
• Alaska: $390
• Arizona: $300
• Arkansas: $197
• California: $400
• Colorado: $615
• Connecticut: $305
• Delaware: $89
• Florida: $150
• Georgia: $170-$340
• Hawaii: $85
• Idaho: $160
• Illinois: $125
• Indiana: $121
• Iowa: $125
• Kansas: $75
• Kentucky: $192
• Louisiana: $120
• Maine: $121
• Maryland: $110
• Massachusetts: $103
• Michigan: $88
• Minnesota: $175
• Mississippi: $135
• Missouri: $201.05
• Montana: $135
• Nebraska: $285
• Nevada: $245
• New Hampshire: $225
• New Jersey: $160
• New Mexico: $240
• New York: $70
• North Carolina: $96
• North Dakota: $230
• Ohio: $60
• Oklahoma: $116
• Oregon: $300
• Pennsylvania: $107
• Rhode Island: $100
• South Carolina: $123
• South Dakota: $225
• Tennessee: $133
• Texas: $185
• Utah: $152
• Vermont: $100
• Virginia: $170
• Washington: $146.25
• West Virginia: $196
• Wisconsin: $144
• Wyoming: $480

Pre-Licensing Education Expenses

Before taking the real estate exam, states require candidates to complete a specific number of hours in pre-licensing courses. These courses are designed to provide a foundational understanding of real estate principles, laws, ethics, and practice. 

The cost of pre-licensing education can vary significantly depending on the state and the institution offering the course. Prices generally range from $200 to $1,000, reflecting differences in course length, complexity, and mode of delivery (online or in-person).

The variation in cost also takes into account the depth and breadth of the content covered in these courses. Some states might have more comprehensive requirements, leading to longer and more detailed courses, which could be at the higher end of the price range. 

The choice of educational provider is another factor influencing cost. Renowned institutions or schools with higher ratings may charge more, but they often offer additional resources, support, and networking opportunities. 

It's important for candidates to research and choose a course that not only fits their budget but also aligns with their learning style and career goals.

Real Estate Exam Prep Costs

Investing in real estate exam prep such as practice exams, textbooks, and study guides is a common strategy for many candidates preparing for the real estate exam, although it is not mandatory. 

These resources are crucial for reinforcing knowledge and familiarizing oneself with the exam format. The cost of these materials varies, generally ranging from $20 to $100 or more. This price variation reflects the depth of content covered, the quality of the materials, and the reputation of the publishers or creators. 

Comprehensive study guides that offer detailed explanations and cover a wide array of topics tend to be more expensive. Practice exams, which simulate the actual test environment, can also vary in price based on their similarity to the real exam and the number of practice questions provided. 

These resources are invaluable for candidates who seek thorough preparation and a deeper understanding of the subject matter.

How Much Do Post-Licensing Courses Cost?

Aspiring real estate agents must consider post-exam licensing fees, which vary significantly across states due to differing regulations. These fees cover the cost of processing applications and issuing licenses. Some states might have a relatively lower post-licensing fee, around $50, making it more accessible for new entrants into the field. 

In contrast, other states could charge up to $150, reflecting perhaps a more comprehensive licensing process or higher administrative costs. For example, the cost of the Florida real estate post-licensing course, depending on which school you choose, is generally about $100 to $150. It's essential to budget for the post-exam licensing  fees as they are integral to the overall cost of becoming a licensed real estate agent.

Other Potential Costs

Travel Expenses

When planning to take the real estate exam, if the testing center is not nearby, you need to factor in travel costs. This includes transportation, such as gas or public transit fares, and possibly accommodation if an overnight stay is required, which can vary based on location and duration of the stay.

Exam Retake Fees

If you don't pass the real estate exam on your first try, you'll be required to pay the exam fee again for each subsequent attempt. This emphasizes the importance of thorough preparation to avoid the additional financial burden of retaking the exam.

Background Check and Fingerprinting 

As part of the licensing process, many states mandate a background check and fingerprinting to ensure the integrity and reliability of real estate professionals. This process typically adds an extra $50 to $100 to your overall licensing expenses, covering the administrative costs of these security measures.

Budgeting for Your Real Estate Exam

When budgeting for the real estate licensing process, it's wise to consider an estimated total cost range. This range should account for various expenses, including state-specific fees, educational costs for pre-licensing courses, study materials, travel expenses, retake fees, background checks, and post-exam licensing fees. 

Generally, the total estimated cost can range from approximately $1,000 to $2,500 or more. This estimate varies based on the state, the choice of educational provider, and additional individual expenses. 

Final Thoughts

While the financial commitment of taking the real estate exam is considerable, it's a valuable investment toward your future in the industry. 

One way you can reduce the cost of taking the real estate exam is by passing the first try. When you retake the exam, the costs stack up! That’s why we created an exam prep package to help you prepare and study for the real estate exam.

With a money back guarantee, our exam prep package will ensure you’re prepared to pass on your first try while saving you from retaking the exam. If not, we will refund your money. To get the exam prep package, which we highly recommend, click the button below!