Pennsylvania is a large state with sprawling real estate and large cities. This is the dream location for a real estate agent.
With high property values and an active market, a real estate agent in Pennsylvania can stand to make a living that provides financial freedom. There is a process to become a real estate agent in Pennsylvania that is designed to set students up for success.
To get a real estate license in Pennsylvania it is crucial that these steps are completed in the order they should be. Doing things out of order will make the process take longer.
When it comes to how to become a real estate agent in Pennsylvania there is more to consider than simply the requirements. You will want to know how much money you can make as well as what the pre-requirements are.
How Much Money Real Estate Agents Make in Pennsylvania
The choice to become a real estate agent in Pennsylvania either as a first career or a new career has to do with financial goals.
Many people who choose this career path want to work for themselves and have more financial freedom. Having the ability to work as much or as little as you want also provides the ability to control the flow of money.
When deciding whether or not this is the career for you it is important to know what the low, average, and high salary are for the state you live in.
For Pennsylvania, the average yearly salary comes in around $54,770 a year. This number is taken by adding a low salary with a high salary and dividing by two.
There are circumstances and situations that contribute to how much money a real estate agent can make in Pennsylvania. On the low end of the salary of a real estate agent, the bottom 20 percent of earners make around $20,700. The top 20 percent of real estate agents in Pennsylvania make somewhere in the neighborhood of $116,600.
This is a large difference from top to bottom. It is determined by factors like how many hours you work your business, the area you work in, and the amount of experience you have.
Choosing a high-performance area to begin your career in is a smart choice but it may not always be an option. A highly active area could keep new agents busier than they thought they would be when they decided to become a real estate agent in Pennsylvania.
While a slower area might have a new agent struggling to get business. It is also about the broker you work under.
The real estate license requirements in Pennsylvania are important but the pre-requirements must be met first. Every state is different. Some have more pre-requirements than others but Pennsylvania only has one.
As long as the future real estate agent is 18 years old or older then they satisfy this part of the real estate license requirements in Pennsylvania.
It is possible to start the process before the age of 18 as long as the state licensing exam is taken after the applicant turns 18. If high school students know they want to get a real estate license in Pennsylvania then they can start the pre-licensing education.
The timing has to be right so the coursework doesn’t expire before they can take the exam.
How to become a real estate agent in Pennsylvania is as simple as following the steps. However, the steps can be involved and take time. The first step a prospective student needs to take is the pre-licensing education course. We suggest one of the 6 best online real estate schools in Pennsylvania.
It varies from state to state when it comes to the length of the course. Pennsylvania falls somewhere in the middle. The course is 75 hours in length and can take a minimum of two weeks to complete.
The course is divided into two sections. The first section is the 30-hour fundamentals course. This course is going to cover the foundations of how to become a real estate agent in Pennsylvania and the necessary knowledge to be successful.
There will be topics such as property ownership, land use restrictions, how to value property, home and property financing, and much more. This is just in the first 30 hours.
But the second part is required to become a real estate agent in Pennsylvania. This section is 45 hours long and is the real estate license practice course. When it comes to how to get a real estate license in Pennsylvania, completing this section is imperative.
This section of the course handles topics like how real estate is regulated and licensing just to name a few.
There are exceptions to the requirement of taking the pre-licensing course. If a prospective real estate agent happens to be an attorney or has a degree in real estate as a major then the requirements are different.
Check with the Pennsylvania state licensing board to find out how to get a real estate license in Pennsylvania if you have a special circumstance.
Pass the Course Final
To get a real estate license in Pennsylvania one of the things that must be done is to pass the course final exam.
At the end of the course, you will be required to take an exam. In order to become a real estate agent in Pennsylvania, you must pass this exam. Your cumulative score should be 75 percent or higher.
If you don’t pass the first time it is possible to retake the final exam. It will slow the process down to get a real estate license in Pennsylvania so it is a good idea to be as prepared as possible for the exam.
One detail to keep in mind about the final is that it requires a proctor. You will need to find your own proctor unless you take the course through a program that provides one.
Pass the State Licensing Exam
Once your final course exam is passed and you receive a certificate of completion or a transcript for the course it is time for the next step. The licensing exam for the state of Pennsylvania is 180 minutes long and has 110 questions on it.
This exam is completed in two sections. One is for the state of Pennsylvania and one is for national licensing. The national part of the exam is longer and is given more time to complete than the state section.
There are 80 questions regarding national topics and students are given 120 minutes of the total 180 to complete it. The state section only has 30 questions and students have 60 minutes.
To get a real estate license in Pennsylvania students have to pass the licensing exam with a 70% or above. It is a good idea to take a separate exam prep course so you can get the extra practice to ensure you pass the first time.
If you don’t pass the first time you can take the exam again. You will be required to pay the fees again as well.
Find a Sponsoring Broker
Pennsylvania is one of the states that requires new agents to find a sponsoring broker in order to get a real estate license in Pennsylvania. This is not an uncommon requirement. It is a benefit for new agents to have a sponsoring broker.
The broker serves as a mentor for the new real estate agents as they learn the ropes of the business. They also carry all of the responsibility of the deals that are conducted by the agents that work in their office.
Learning how the local real estate market functions is another benefit of having a mentor broker as a sponsor. There are some things to consider as you look around for a broker you want to work with.
Think about the reputation the broker has, the kind of agents they want and if you fit that mold, the commission structure is important, as well as whether or not they offer new agents leads.
Finding a broker that will offer you leads and has a good commission structure will set you up for success in your career. It is also important to make sure you are a good fit for that particular real estate office.
Fill Out in Submit the Licensing Application
With all of the above steps now complete it is time for the final step to becoming a real estate agent in Pennsylvania. It is time to fill out the licensing application and submit it for processing.
This application is to be filled out and submitted online. There is a fee associated with it as well. The $97 fee must be submitted at the time you apply.
Pennsylvania requires the applications to be filled out within three years of taking the state licensing exam. Once the application is submitted it can take 30 to 60 days to receive the physical license to practice real estate in Pennsylvania.
As part of the application process, applicants will need to provide a recent criminal background check for every state they have lived or worked in for the past five years. The report has to be done within 90 days of submitting the licensing application.
If the criminal history does not come back clean you may be asked to provide a written statement explaining the event. It is also possible that you will not be able to obtain a real estate license.
After reading this you now know what is required by the state of Pennsylvania to become a real estate agent. It is time to choose the area in which you want to work and get started with the process.