Two forms of identification with your name and signature should be brought to the Washington real estate licensing exam. It is important to know that the exam results are valid for a year. Therefore, you need to apply for your broker license before they expire. If you fail to pass the exam, you'll be provided with instructions on how you can retake it within six month. After passing the exam, you will be able to submit your official application.
Pre-licensing education requirements
Washington's state requires that all real estate agents must have completed at least 90 hours of education in order to pass their licensing exam. The 90-hour course covers real estate principles, contracts and finance. Online programs allow students to access the courses in multiple modules that cover a variety of topics. Students will receive study materials and optional exams to help them prepare for their real estate exam.
Washington State Department of Licensing and Regulation requires applicants to undergo a background investigation before taking the real-estate exam. The state licensing testing agency must be registered before the candidates can take the exam. Candidates must also show proof of their course completion. They must pass the broker's exam, and answer legal background questions. The applicant must also submit their fingerprints every six months for a background screening. This information can be used by applicants who have already completed pre-licensing studies in another country.
Exam content
The WA Real Estate License Exam consists of two sections: one national, and one state-specific. Each portion has interspersed questions. Five to ten questions from each section will be considered experimental. They are not scored. Both sections are multiple-choice and take 3.5 hours. To pass, a scaled score of 70 is needed. In general, the test content is comprehensive, covering all aspects of the state's real estate laws, contracts, and procedures.
The course is similar to the exam, but covers some of the same topics. Understanding the basics of realty math and the formulas that can be used to solve common realty calculations is essential. It is important to practice the test frequently as subjects are constantly changing. Practice tests are a good idea to make sure you know the format well and note your weak spots. Remember to memorize the facts and formulas you learned in your prelicensing course.
Cost
Costs for wa real estate licensing vary from one state to the next. It also varies depending on what type of business you own. A broker license costs more than a salesperson, which requires additional schooling. Although licensing real estate can be expensive, starting from scratch can save you money. You can create a business plan and identify your target clients to reduce the cost. You have many marketing options, including print ads, digital ads and social media campaigns.
The cost of prelicensing coursework varies depending on the place you choose. It can cost from $260 up to $500. After you complete the required course, your state licensing exam must be passed. An additional $50-60 cost to join the MLS. The fees for MLS membership vary from one region to the next. You'll need to verify your local fees to find out the exact cost. You will also likely have to pay a small fee in order to become a member of National Association of Realtors. This fee is separate.
Online options
A good decision is to make an online school your Washington license. Online schools offer a way to study at your own pace, and you can access all the information you need in a fraction of the time it takes for classroom-based schools. You will also receive valuable exam prep support and tutor support through instructors. You can also upgrade your course by purchasing Exam Preparation Plus. This includes a real estate dictionary and live exam cramer series. There is also a Q&A session with instructors.
Kaplan offers five WA prelicensing options. You can choose from the Premium or Value packages depending on your needs. These packages consist of three online courses each that take less than nine hours. Both packages allow you to complete the coursework when it is most convenient for you, and you can resume from where you left off if you need to. Kaplan's courses were developed by experienced real estate professionals, who cover relevant and current topics.
FAQ
Do I need to rent or buy a condo?
Renting is a great option if you are only planning to live in your condo for a short time. Renting saves you money on maintenance fees and other monthly costs. However, purchasing a condo grants you ownership rights to the unit. The space is yours to use as you please.
How do I get rid termites & other pests from my home?
Termites and other pests will eat away at your home over time. They can cause serious destruction to wooden structures like decks and furniture. This can be prevented by having a professional pest controller inspect your home.
Is it better buy or rent?
Renting is generally less expensive than buying a home. It's important to remember that you will need to cover additional costs such as utilities, repairs, maintenance, and insurance. A home purchase has many advantages. You'll have greater control over your living environment.
How can I repair my roof?
Roofs may leak from improper maintenance, age, and weather. Minor repairs and replacements can be done by roofing contractors. Contact us to find out more.
Statistics
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
- This seems to be a more popular trend as the U.S. Census Bureau reports the homeownership rate was around 65% last year. (fortunebuilders.com)
- When it came to buying a home in 2015, experts predicted that mortgage rates would surpass five percent, yet interest rates remained below four percent. (fortunebuilders.com)
- The FHA sets its desirable debt-to-income ratio at 43%. (fortunebuilders.com)
- It's possible to get approved for an FHA loan with a credit score as low as 580 and a down payment of 3.5% or a credit score as low as 500 and a 10% down payment.5 Specialty mortgage loans are loans that don't fit into the conventional or FHA loan categories. (investopedia.com)
External Links
How To
How to locate an apartment
The first step in moving to a new location is to find an apartment. This involves planning and research. This involves researching and planning for the best neighborhood. Although there are many ways to do it, some are easier than others. The following steps should be considered before renting an apartment.
-
You can gather data offline as well as online to research your neighborhood. Websites such as Yelp. Zillow. Trulia.com and Realtor.com are some examples of online resources. Local newspapers, real estate agents and landlords are all offline sources.
-
See reviews about the place you are interested in moving to. Yelp, TripAdvisor and Amazon provide detailed reviews of houses and apartments. You may also read local newspaper articles and check out your local library.
-
Call the local residents to find out more about the area. Talk to those who have lived there. Ask them what the best and worst things about the area. Ask for their recommendations for places to live.
-
Check out the rent prices for the areas that interest you. If you think you'll spend most of your money on food, consider renting somewhere cheaper. On the other hand, if you plan on spending a lot of money on entertainment, consider living in a more expensive location.
-
Find out more information about the apartment building you want to live in. For example, how big is it? What is the cost of it? Is it pet-friendly What amenities does it have? Are there parking restrictions? Do tenants have to follow any rules?