The Real Estate Apprentice grant program is available to anyone that meets the general requirements to qualify to become a real estate salesperson. This means having legal U.S. residency status and being at least 18 or 19 years old (depending on the state).
There are no restrictions regarding age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, marital status, status with regard to public assistance, status as a disabled veteran and/or Veteran of the Vietnam era, genetic information or any other characteristic protected by federal, state or local law.
Applicants for a grant must complete the required pre-license education and pass their state real estate license examination within one year of applying for a grant. Applicants cannot currently hold a real estate license or have held a license in the the preceding three years of their grant application.
- Grants are not transferrable to another person; they are person-specific.
- Non-cash grants cannot be converted to cash, exchanged for other services, or held over for more than one year from the date of grant.
- Any part of a grant that may be restricted, or products or services that are not available in certain states, will be void. Substitutes will be explored by the Foundation but cannot be guaranteed.
The path to become a successful agent can be confusing and expensive. The Foundation will provide applicants with career guidance, recommendations and best practices.
To start a career as a real estate agent, a person needs to invest approximately $2,000 in set-up costs. Thereafter various additional expenses, including phone, internet, transportation, marketing, and so on, quickly drives the total to over $5,000.
Expenses that you need to be aware of include: State licensing fee and fingerprinting costs, Examination fees, Realtor association fees, MLS fees, Lockbox fees, Business Cards, For Sale Signs, Marketing Stationery, Subscription to Industry News, Market Intelligence, Leadgen Software, Website building and hosting and Career and Sales Coaching.
The grant provided by the Foundation is not designed to cover 100 percent of these expenses but aims to provide assistance help to defray portions thereof. Applicants always remain responsible for their own careers and should see the support of the Foundation as discretionary, not an obligation. The Foundation always retains the right at any time to change the makeup of any grant, or halt the awarding of any grant, in part or entirely