How to become an insurance agent in washington state

How do you get an insurance agency license?

  • In general, to obtain a license to sell insurance, one must pay a fee, complete a pre-licensing training course and pass a licensing examination. Some states also require license applicants to be sponsored by an employer. Agent licenses must be renewed periodically and maintained by completing continuing education.

The State of Washington does not require a college degree in order to become an insurance agent, although it can be helpful. If college is an option, consider a degree in either business or economics, as these will be more useful. Areas of study should include courses in finance, math, accounting, economics, business and public speaking.

How do you get a life insurance license in Washington state?

How to Get Your Washington Insurance License

  1. Complete an Insurance Prelicensing Course. …
  2. Pass Your Washington Licensing Exam. …
  3. Get Fingerprinted. …
  4. Apply for a Washington Insurance License. …
  5. Plan to Complete Required Insurance Continuing Education (CE) Credits.

What kind of degree do you need to be an insurance agent?

Most employers prefer to hire someone with a bachelor’s degree, especially in a major like finance, business or economics. However, work experience and proven sales ability may be able to help individuals with only a high school diploma obtain work as an insurance agent.

How long does it take to become a real estate agent in Washington state?

You must successfully complete 90 hours of approved real estate education within a two-year time frame before you can take the broker’s exam. The 90 hours of education must consist of a 60-hour course in Real Estate Fundamentals and a 30-hour course in Real Estate Practices.

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How long does it take to become a health insurance agent?

How long does it take to become an insurance agent? While taking two or four years to earn a college degree can enhance one’s job prospects, in many cases, one can become an insurance agent after completing only a pre-licensing course, which can take several days.

How much do top insurance agents make?

How Much Money Do Insurance Agents Make?

  • The median annual wage for insurance agents was $48,150.
  • The highest paid 10% of insurance agents earned more than $116,940 annually.
  • The lowest paid 10% of insurance agents earned less than $26,120 annually.

How much money can you make as a State Farm agent?

Base Salary

chart, the median annual compensation for State Farm sales agents is $30,051 a year. However, as you build your client base over the years, compensation increases. Agents with five to nine years of experience average $36,531 a year. Agents with 10 to 19 years experience average $52,462.

How much do Realtors make in Washington state?

The average salary for a real estate agent in Washington is around $54,630 per year.

Real estate agent salary by state.State NameAverage SalaryVermont$56,380Washington$54,630Wisconsin$41,080West Virginia$63,690

What is the difference between a broker and an agent?

Perhaps the biggest distinction among the three is that a broker can work independently, while an agent has to work under a licensed broker. So when you work with an agent to buy or sell your home, you’re actually working with someone who is employed by a real estate brokerage.

How much is it to get your real estate license in Washington?

Once licensed, all salespersons need to complete 30 clock hours in a Real Estate Practices course plus 30 clock hours of continuing education courses which will include a 3-hour core curriculum. The original license fee for a salesperson is $146.25, and the renewal fee, good for two years, is also $146.25.

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Why do insurance agents fail?

Agents Fail Because of Unrealistic Expectations

Most insurance agents fail because they had unrealistic expectations and expected too much too soon. This typically results when the business isn’t sufficiently capitalized to allow for the time it takes to show a profit.

Which insurance license makes the most money?

What Types of Insurance Agent Jobs Get Paid the Most Money?Job TitleHourly WageAnnual SalaryDirect Sales Agent Salary$37.96$78,966Health Insurance Sales Salary$35.76$74,377Licensed Life Insurance Agent Salary$34.35$71,445Medicare Insurance Agent Salary$33.77$70,249

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