Getting the license to start your career in real estate might seem daunting, but it is not that difficult if you go through the right steps. It is a simple process of five steps upon completion of which you can be certified realtor. Given below are the five simple steps through which you can get a real estate license in Philadelphia.
Completing seventy-five hours of certified pre-licensing education
You will have to complete 75 hours of certified pre-licensing education in order to get a real estate license in Philadelphia. This should include practice course of forty-five hours and fundamentals course of thirty hours.
Passing the final exam of the course
After completing the coursework completely, you need to pass the final exam and secure a percentage of seventy percent or more. You need to take the test in the presence of the proctor, and thus, the appointment with the proctor has to be scheduled in advance.
Passing the real estate salesperson exam of Pennsylvania
The Pennsylvania real estate salesperson licensing examination is administered by PSI. The test has 110 questions and there are two portions, which cover both the national and state requirements. You will have 120 minutes to complete the eighty questions on national regulations, and 60 minutes for answering the thirty questions pertaining to state laws.
Selecting a sponsoring broker
You need to be associated with an active sponsoring broker in order to be licensed. It is crucial that you get the right person as the sponsoring broker because this is the professional who will stay with you as your mentor as you begin your new career.
Completing the application
Now that you have passed the exam and you have your sponsoring broker with you, go ahead and complete the application online for becoming a salesperson. You need to apply within at least three years from the date on which you passed your exam. To answer your question of how much is a real estate license in Philadelphia, the application fees will cost you about $107.