Real estate is an outstanding career path for individuals looking for a malleable job with unlimited growth potential. Because as a realtor, you create your own business and invest as much time and accomplishment into it as you regulate. Obtaining an online real estate license in VA is a profitable career choice, and far more beneficial than going to a physical classroom. For busy parents or those who are already searching for another full-time job. Getting an online real estate license in VA is something that can asset you to further your earning potential while still keeping up with your current day-to-day job. One can apply for a real estate license VA entirely online, and this gives working adults an opportunity in terms of their future and just how far they like their future to go.
Steps to get real estate license in VA
Here are some of the steps by the benefit of which one can get a real estate license in VA such as –
Step 1 – Meet the eligibility requirement
Various eligibility requirements are such as –
- One needs to be a citizen of the US or a lawfully admitted alien.
- Must have attained an age of 18 years
- Need to have a valid Social Security Number
- One needs to hold a high school diploma or higher education
Step 2 – Need to complete the pre-licensing education
The required amount of coursework in VA is not too much when compared to other states. One needs to complete 60 hours of real estate salesperson courses. The core curriculum of this course must include topics such as –
- Virginia Law
- Ownership, valuation, and brokerages
- Mortgage brokerages, lending laws, and other consumer-based themes
One needs to take them from a qualifying education provider. But make sure to search for one that is esteemed and has a long track record in successfully helping their students.
Step 3 – Need to pass the VA Real Estate Salesperson Examination
This examination is to test your knowledge and understanding of various topics such as real estate law, principles and practices, and mathematics. This exam is conducted by PSI. The real estate license VA has 120 questions, and one needs to acquire a passing score of at least 86/120. One gets 150 minutes to write the exam. As these are computerized exams, so one can know their score immediately after writing the exam. Once you pass the test, you can begin the registration process with the VA real estate board.
Step 4 – One need to go through a background check
The VA real estate board has the authorization to the public interest, so they will oversight a background check on all real estate license VA applicants. Your next step is to get your electronically fingerprinted at one of the PSI VA websites. This can be done during regular testing hours. There will be a fee of $52.00 which can be paid by various modes such as money order, cashier’s check, VISA, or MasterCard. The processing time for this is 4 to 6 weeks.
Step 5 – Submit a salesperson license application to the VA real estate board
Within 45 days after you submit the electronic fingerprints and within one year when you pass your exam, you need to complete the salesperson license application. In addition to the application, you also need to provide these docs such as –
- Application fee $170
- Cheque payable to Treasurer of VA
- Need to submit supporting legal documents
- Need to submit transcripts or course completion certifications of the pre-licensing education
Step 6 – Working with a licensed broker
After you pass the exam, your real estate license status would still be inactive. You require to work with a real estate broker who will benefactor your real estate license. Do not rush into working for just any broker. Because finding a good mentor is essential at the initial stage of your real estate career. When choosing a brokerage firm, many people only focus on the commission split, but there are many other factors that one need to consider such as –
- Type of training that they will administer
- Whether they equip you with the skills in finding qualified prospects and closing a sale
- They administer you with leads to work on
- Whether they use up-to-date technology to streamline the daily workflow
Step 7 – Need to complete the post-license education
Within the first year, after you obtain your real estate license VA, you require to complete 30 hours of post-license education (PLE). The PLE curriculum must include the following courses such as –
- Agency Law (3 hours)
- Contract writing (6 hours)
- Current industry argument and trends (2 hours)
- Escrow requirements (3 hours)
- Fair Housing, ADA, and civil rights (2 hours)
- Real estate law and regulations (6 hours)
- Risk management (3 hours)
Step 8 – Maintain the VA real estate salesperson license
You need to renew your real estate license VA every two years. You can do so within 60 days before the expiry day of your license through the online service on the VA department of the professional and occupational regulation website.
Wrap Up
Getting your real estate license VA is only the beginning. Your ultimate success depends on you and your mortgage broker. That is why it is so essential to choose a brokerage that endeavors everything you require to move beyond the basics, or if you are transferring from another brokerage, to push your career further. If you need any assistance, you can contact us at our email id i.e. info@realestatediary.org.
