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What You Need to Know to Become a PA Real Estate Broker

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Real Estate Technology with Realtyna 4966111

To become a licensed real estate broker in Pennsylvania, you need to meet certain education, experience, and examination requirements.

This article provides an overview of the key steps you must take, starting with completing the required real estate education.

We discuss the experience you need, such as working as a licensed real estate salesperson. You’ll learn about applying for and passing the Pennsylvania Real Estate Broker Licensing Exam. We outline the application process and fees to become a broker.

This article aims to give you a comprehensive look at how to transition from a real estate agent to a broker in Pennsylvania.

Requirements to Become a Real Estate Broker in Pennsylvania

Education

To become a real estate broker in Pennsylvania, you must have a minimum of two years of experience as an active real estate salesperson.

You also need to complete 180 hours of approved real estate courses, including 90 hours of broker-specific coursework. Acceptable courses include those offered by real estate schools, community colleges, and industry associations like the Pennsylvania Association of Realtors.

Exams

After completing the required education, you must pass two licensing exams: the national and state components of the Broker Real Estate Exam. The national portion covers real estate principles and practices. The state section focuses on Pennsylvania real estate laws and regulations. You must score at least 75% on each exam to pass.

Licensing

With the education and exams complete, you can apply for your Pennsylvania real estate broker license. Submit your application, along with the required fees, to the Pennsylvania Real Estate Commission (PREC). The PREC will review your application and documentation to verify you meet all requirements before issuing your license. Licenses must be renewed every two years with continuing education.

Costs

The total cost to become a real estate broker in Pennsylvania includes education expenses, exam fees, licensing fees, and association dues. Education and exam fees typically range from $500 to $1,000. Licensing fees for a two-year license are $220. Association dues for groups like the Pennsylvania Association of Realtors are around $400 per year. Additional yearly fees for desk charges or office expenses may apply depending on your brokerage.

Responsibilities

As a real estate broker, your responsibilities include overseeing real estate agents, facilitating transactions, and ensuring all licensing and legal requirements are met. You are also accountable for the actions of the agents under your supervision. Maintaining high ethical standards and staying up-to-date with changes in the industry are important for success as a broker.

How to Get Your Real Estate License in PA

How to Get Your Real Estate License in PAComplete the Required Coursework

To become a licensed real estate salesperson in Pennsylvania, you must complete a minimum of 60 hours of approved real estate coursework. The course curriculum covers topics like property ownership, contracts, financing, and ethics. You can take courses online, in a classroom, or through a combination of both.

Pass the Licensing Exam

After completing your coursework, you must pass the Pennsylvania Real Estate Salesperson Licensing Examination. The exam tests your knowledge of real estate principles and laws. You must receive a score of at least 70% to pass.

Submit Your Application

Once you have passed the exam, you can submit your real estate salesperson license application to the Pennsylvania Real Estate Commission (PREC). The application requires a $38 application fee and includes a background check. You must be at least 18 years old, have a high school diploma or equivalent, and have no felony convictions to qualify.

Complete Apprenticeship (if required)

Some applicants may be required to complete an apprenticeship to gain practical experience. The apprenticeship involves working under a licensed broker for up to three years. The PREC will determine if you need an apprenticeship based on your background and qualifications.

Applying for Your Pennsylvania Real Estate Broker License

To become licensed as a real estate broker in Pennsylvania, you must meet the educational and experience requirements, and pass an exam.

The PA Real Estate Commission requires at least two years of experience as an active real estate salesperson within five years of applying for a broker’s license. You must also complete at least 120 hours of approved broker pre-licensing education.

Once you meet the eligibility requirements, you can apply for a broker license. The application process includes:

  • Submitting an Application for Examination and License
  • Providing Supporting Documentation
  • Passing the Broker Licensing Exam
  • Finalizing Your License

As you can see, becoming a Pennsylvania real estate broker requires dedication and hard work.

The education, experience, and exam requirements are substantial, but surmountable for motivated individuals.

With the right preparation and knowledge, you can attain your broker’s license and advance your real estate career.

Remember that a broker’s responsibilities go beyond those of an agent, so be ready to step up and lead. Approach this process one step at a time. Before you know it, you’ll have that license in hand as a newly minted PA real estate broker.

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