This post will take you through the various steps of getting a real estate license in Pennsylvania with a special focus on the all-important coursework for the licensing exam.
Read more about how to get a real estate license in Pennsylvania.
Basic Eligibility Norms
To apply for a license, you must be at least 18 years old and a citizen of the USA. Legally admitted aliens and migrants who have been granted legal working rights can also apply for a real estate license in Pennsylvania.
Completing Pre-licensing Coursework
The pre-licensing coursework trains aspiring real estate professionals in various aspects of the real estate industry. The coursework is divided into two sections. The first is the national-level segment that is common to all states in the country. The other is the state-specific section that covers the rules and regulations governing the real estate sector in Pennsylvania only.
The laws related to real estate in Pennsylvania are established by the Pennsylvania State Real Estate Commission (REC). The rec has stipulated that candidates must complete 75 hours of coursework to sit for the licensing exam. Make sure that the course provider selected is approved by the REC. You can visit the website of REC for a list of approved pre-licensing course providers.
The subjects to be covered in the 75 hours of coursework to be eligible for a real estate license in Pennsylvania are as follows.
National Section
· Real Property Characteristics, Legal Descriptions, and Property Use
· Forms of Ownership, Transfer, and Recording of Title
· Property Value and Appraisal
· Real Estate Contracts and Agency, Real Estate Practice
· Property Disclosures and Environmental Issues
· Financing and Settlement
· Real Estate Math Calculations
State Section
· Real Estate Commission
· Licensure
· Regulation of the Conduct of Licensees
The coursework can be completed online or in a classroom environment and you can choose one as per your preferred learning style. However, online courses are more convenient as you can decide your own study pace and hours, even while on the go.
Check out the online real estate pre-licensing courses from RealEstateU if you prefer this platform. Their courses are designed by expert real estate professionals and are very affordable. Get their study guide and exam prep that replicate the type of questions you will face on test day. It will give you the added confidence to do well in the licensing exam and pass it on the first try.
Fulfilling Other Eligibility Norms
Submit your fingerprints for verification of any past criminal records. Real estate professionals are expected to maintain high standards of truthfulness and this is one way of ensuring it. Next, schedule the exam and pass the test by scoring at least 75%. Now apply for a license with REC. It takes about 2 weeks to get one. Finally, find a broker to sponsor and mentor you.
You can now start your practice with the real estate license in Pennsylvania.