Real Estate Agent Licensing in Utah

So you want to be a real estate agent in Utah? Real estate can be a great career. However, it’s not as easy as some might think. In fact, statistics show that only 2 out of 5 agents last longer than two years. You need to be motivated, disciplined, and you need to be able to work well with others. To obtain a Real Estate in Utah, you need to meet the state mandated requirements found here which include:

  • Take 120 hours of approved education at a certified Real Estate Pre-License School. (Approx $595 to $800.)
  • Take and pass the state Sales Agent license exam. ($66.)
  • Submit application packet to the state, including background, etc. ($152, non-refundable.)
  • Sub Total: Approx $813 to $1,000

You will also need to sign on with a real estate brokerage under a licensed Principal Broker. Examples of larger brokerages include Coldwell Banker, Berkshire Hathaway, Keller Williams. Or you could sign on with a specialty boutique brokerage such as Washburn Real Estate. When you make your first sale, and hopefully many subsequent sales, you will likely have a brokerage split of your commissions as possible office and desk fees.

Additionally, you pay regular monthly or annual fees to your local board, state board, and national board of REALTORs.

  • Monthly MLS Fee: $38/month = $456/annually
  • Annual Board Dues, Local, State, National: Approx $900
  • Subtotal: Approx $1,356
  • Business Development — website, advertising, etc. Min $50+/month = $600+ annually
  • Total Annual Commitment = Approximately $2,000+.

So, for a first year agent, the absolute minimum fees will be approximately $2,174 – $2,356. When you add business development activities, you’re looking at $2,700 to $3,000 per year.