REAL ESTATE CAREER FAQS
We know that a career in Real Estate can be an exciting opportunity and with that comes some questions. Here are just a few of the questions we answer daily from students just like you.
1. Be at least 18 years old
2. Have graduated from high school, obtained a GED or equivalent from another country
3. Complete a state approved 75 -hour Real Estate Broker Pre-License class with 60 hours live webinar, classroom or an equivalent home study course and 15 hours of Applied Principles Course
4. Be of good moral character–no delinquent child support, no delinquent state income tax or delinquent student loan payments and no felony convictions (considered on case by case decision).
5. Pass the State License Exam
Once you complete the pre-license course, AHI will send notification of your completion electronically to PSI . The license candidate must contact the testing company PSI to schedule an examination appointment. Appointments for license testing can be made: online at PSI or by phone, fax or mail. PSI’s phone number is (855) 340-3893 .
The fee for the State Exam is $58 .00. You’ll need to make sure you have two forms of identification–one MUST be a photo ID. A photograph and a fingerprint scan photograph will be taken at the testing site.. You MUST use the calculator on the computer. The testing Center will NOT allow you to use your cell phone as a calculator for the test.
The State Exam is computer based. It is an all multiple choice exam. The National portion is required to be passed with a 70% for Brokers and 75% for the State portion, You will be given a notice of whether you passed or failed immediately.
After passing the state exam you will need to become sponsored by a real estate Sponsoring broker within one year.
The exam may be taken four times. The fee is the same for each time. If, for some reason, you don’t pass after the fourth attempt, you must retake the pre-license course.
Licenses are renewed every two years and after the first renewal, you will be required to complete 12 hours of Continuing Education before you can renew.
For the first Broker renewal Brokers are required to complete and pass 45 Hour Post Licensing Education
Yes. Brokers who want to renew their license must complete 12 hours per renewal period of real estate CE courses.
What are the requirements to obtain a Real Estate Broker’s License?
1. Be at least 18 years old
2. Have graduated from high school, obtained a GED or equivalent from another country
3. Complete a state approved 75 -hour Real Estate Broker Pre-License class with 60 hours live webinar, classroom or an equivalent home study course and 15 hours of Applied Principles Course
4. Be of good moral character–no delinquent child support, no delinquent state income tax or delinquent student loan payments and no felony convictions (considered on case by case decision).
5. Pass the State License Exam
How do I schedule the State Exam?
Once you complete the pre-license course, AHI will send notification of your completion electronically to PSI . The license candidate must contact the testing company PSI to schedule an examination appointment. Appointments for license testing can be made: online at PSI or by phone, fax or mail. PSI’s phone number is (855) 340-3893 .
What is the fee for the State Exam and what do I need to bring with me?
The fee for the State Exam is $58 .00. You’ll need to make sure you have two forms of identification–one MUST be a photo ID. A photograph and a fingerprint scan photograph will be taken at the testing site.. You MUST use the calculator on the computer. The testing Center will NOT allow you to use your cell phone as a calculator for the test.
How is the State Exam given?
The State Exam is computer based. It is an all multiple choice exam. The National portion is required to be passed with a 70% for Brokers and 75% for the State portion, You will be given a notice of whether you passed or failed immediately.
What happens next after I pass the State Exam?
After passing the state exam you will need to become sponsored by a real estate Sponsoring broker within one year.
What happens if I don’t pass the State Exam?
The exam may be taken four times. The fee is the same for each time. If, for some reason, you don’t pass after the fourth attempt, you must retake the pre-license course.
When does my new License have to be renewed?
Licenses are renewed every two years and after the first renewal, you will be required to complete 12 hours of Continuing Education before you can renew.
For the first Broker renewal Brokers are required to complete and pass 45 Hour Post Licensing Education
Is there ongoing education required?
Yes. Brokers who want to renew their license must complete 12 hours per renewal period of real estate CE courses.