If you have been considering a new career, real estate might be a great choice. The real estate industry has unique offerings, from freedom to schedule your work on your own time to earned commission. It also offers the opportunity for you to work with people who are working toward achieving the dream of home ownership.
If you have been considering a real estate career in Virginia, you will be happy to learn that the steps are straightforward. This guide will walk you through the process of obtaining your real estate sales license efficiently. It may be easier than you think to work as a real estate agent.
Meet Basic Real Estate Requirements
In order to become a Virginia real estate agent, you must be at least 18 years old and have a high school diploma or GED. You must also have a valid Social Security number. You must also realize that in order to become a real estate agent, you must consent to a background check. You must also agree to disclose misdemeanors and felonies on your record.
Complete Virginia Pre-Licensing Coursework
In order to become a real estate salesperson, you must complete 60 hours of coursework at a board-approved institution. Ensuring that the course is listed as an approved institution is vital. If the course is not approved, you will have to retake all 60 hours at a different institution.
The courses you take as part of the program will cover the basics of real estate, encompassing everything from Virginia regulations to national real estate laws. The purpose of the course is to prepare you for the various situations you may come across while working as a Virginia real estate agent. Additionally, the coursework is meant to prepare you to take and pass the real estate examination.
These courses are available in the classroom or online. There are advantages to either choice. For example, attending real estate courses online can save money and allow you to work on your own time frame. The classroom real estate courses may provide a different level of engagement. This is a personal choice, as both types of courses will prepare you for a new career.
While studying, you may opt to obtain some first-hand experience. While not required, many future real estate agents do choose to intern at a real estate firm to see how the business works. You can also ask to shadow a real estate agent for a week to make sure that this is a career path that will work for you. The preparation you gain in doing real estate-related tasks will help you when you have an office of your own.
Pass the Real Estate Examination
The real estate examination has two portions, one for the state and one for the country. You will have about 2.5 hours to take the exam, which consists of about 120 questions. Questions will be multiple-choice, and the two portions are mixed together. You may not be able to tell the difference between national and state questions.
Scores are valid for one year after you pass the test. This means that once you pass one portion of the exam, you are required to apply for a real estate license within the year. You can retake just one portion of the test at a later time if you are unable to pass both at the same time.
In order to take the exam, you must schedule an exam via phone or the Internet. It is administered throughout Virginia on a daily basis. Testing centers are located in Richmond, Church Falls, Norfolk, Roanoke, and several other Virginia cities. You should arrive at the testing center about half an hour early with two forms of identification. Personal items will not be allowed inside the testing center.
Virginia has a reciprocity agreement with some other states. If you already have a real estate salesperson license in another state, you simply need to pass the Virginia state portion of the real estate exam. You must also provide verification that you’ve completed a 60-hour Principles of Real Estate course.
Preparing for the test is important. In most cases, the coursework is enough to lay the groundwork for the knowledge. Some real estate agents do opt to take test prep courses as well, but they may not be necessary.
Obtain a Background Check
You must consent to having your fingerprints taken for a background check. You must go to a PSI fingerprinting session in Virginia. Even if you do not live in Virginia, you should visit a PSI center to avoid a delay in your real estate license application. You must then be prepared to submit your real estate license application within 45 days.
It is important to note that having certain misdemeanors and felonies in your background may preclude you from being a real estate agent, but not all of them. The goal of a real estate commission is to ensure that real estate agents are trusted members of the community, so it is essential that you are honest in your application and other materials you submit. If you are not honest, your application may be declined on this basis.
Complete the Virginia Real Estate License Application
At this time, you must send in a completed real estate sales application along with the appropriate fees. The application is available online, but you can also print it and send it in.
Meet Renewal Education Requirements
In order to renew your salesperson license in Virginia, you must take several continuing education courses. These include courses relating to real estate ethics, fair housing laws, Virginia law, green housing, and broker management. In your first year, you will need to take 30 hours of education. For your next license renewal, you will only need to take 16 hours.
We offer continuing education courses that will help you renew your real estate license efficiently. When you are looking to renew your real estate license or if you are looking forward to becoming a Virginia real estate broker, you can contact us for more information about the required education.