Broker or licensing coursework can take anywhere from two months to a year. The length depends on the size of the company, the type of industry, and the complexity of the work. In some cases it may even take longer than two years.
Most states require a broker to complete at least one session of broker pre licensing coursework before they can be licensed. However, in some states the required amount of broker pre licensing coursework may be waived. For example, in some states the broker is not legally required to have a pre-licensing coursework if the broker works as an independent contractor. There are also several states where the broker must have this pre licensing coursework in order to operate in those states.
The broker or license coursework includes a wide variety of topics such as business and law, general business practices, accounting, insurance, banking, government laws, and insurance issues. The classes also cover ethics and business ethics.
Business and law topics include tax planning and the application of state and federal laws to a business. General business practices include business finance, marketing strategies, sales tactics, hiring and firing, and other aspects of running a business.
Accounting and insurance topics teach business brokers how to calculate expenses and pay taxes. Government laws cover worker’s compensation, unemployment benefits, unemployment compensation, insurance premiums, and payroll tax.
General business issues and strategies cover investing, financing, management, and operations in the financial markets. Ethics and business ethics help brokers determine which methods of business conduct they should promote, and which methods they should refrain from. Business ethics also include how to handle business relationships with clients, partners, investors, and customers.
In addition to completing the broker or licensing coursework that is required by many states, business and law attorneys also provide legal advice to prospective and current clients. This is usually offered in either a free session or on the Internet.
There are some state regulations that govern what types of courses a lawyer can offer their clients and how long they may offer their clients the services of a lawyer without having to take the broker or licensing coursework required by the state in which they practice. For instance, the states may require that the lawyer complete the coursework within three years of being admitted to practice law in that state. Some states also require that the lawyer take a minimum number of continuing education courses over a four year period.
Continuing education courses include courses that are related to the area of law and that cover subjects such as ethical issues, business ethics, and business law, insurance law, and financial matters. Additionally, the courses may include a specialized course in the areas of criminal defense. as well as criminal law.
A specialized course in the area of accounting and insurance may be required by some states to be taken after two years of practicing law in the area of business and financial markets. While most states do not require a continuing education course in this area, it is always recommended that the lawyer complete this course after their initial five-year period of practice.
In most states the coursework required by the state may be waived if the attorney is a licensed practitioner of a particular field. These waivers may be granted to allow a new attorney to take a course in a field of the law they are specializing in, but they must be approved by the State Bar Association.
The cost for the broker or licensing coursework typically varies, depending on the state where the coursework is required, whether or not it is being offered in a college, community college or at a technical school. Also, there may be additional costs involved for continuing education courses, such as certification or continuing education credits. that the lawyer must pay for when they get their license in that state. The courses offered by most colleges usually cover at least five hours of coursework.
