Do you love real estate, and yearn for an opportunity to work with the vibrant property transaction environment in Kenya? Having a real estate license is what you need so as to practice as an agent or real estate broker. As such, this blog will guide you through the process of acquiring a real estate license in Kenya and kick off with fruitful ventures in real estate.
Before pursuing a real estate license in Kenya, make sure you meet the following eligibility criteria:
• Be a Kenyan citizen.
• At least, have a KCSE certificate with a grade of Cminus.
• Must be eighteen years old and above.
• Ensure your business has all legal compliance certificates including a valid Tax Compliance Certificate.
• No criminal record.
Understand what is required by choosing a reputable real estate training program. There are several institutions in Kenya that provide short courses on issues related to property management, real estate marketing, and legal aspects of real estate dealings.
Once you complete and graduate from the real estate training program, it is necessary for you to apply for a real estate license. An application can be acquired from the EARB, which regulates real estate practice in Kenya. Take the required forms, fill them up, and send them to the board together with other documents.
Be ready to pay the prescribed application fee for the Estate Agents Registration Board. Be sure that there is an updated fee schedule and the paid amount corresponds to its actual value board: Make sure that there are updated fee schedules and that you make correct payments.
The EARB may conduct a background check to verify your eligibility and ensure you meet all the necessary requirements. This step is crucial to maintain the integrity of the real estate industry.
For this, you will have to take a licensing exam that shows how much knowledge you’ve got about real estate concepts, laws, and ethics. It is usually conducted by the EARB.
Once the exam has been passed and the set requirements have been met, you will be granted a real estate agent or broker license by the Estate Agents Registration Board.
Remember that licenses for dealing with real estate in Kenya ought to be renewed yearly. As per renewal requirements, make sure you pay the relevant fees to keep your license in good standing.
Conclusion
Armed with a real estate license, you are all set for a thrilling career in the field of real estate in Kenya. Your license will be the entrance for either working as an independent agent or joining a real estate company.