Steps to Get a Real Estate License in Philadelphia

Getting the license to start your career in real estate might seem daunting, but it is not that difficult if you go through the right steps. It is a simple process of five steps upon completion of which you can be certified realtor. Given below are the five simple steps through which you can get a real estate license in Philadelphia.

Completing seventy-five hours of certified pre-licensing education

You will have to complete 75 hours of certified pre-licensing education in order to get a real estate license in Philadelphia. This should include practice course of forty-five hours and fundamentals course of thirty hours.

Passing the final exam of the course

After completing the coursework completely, you need to pass the final exam and secure a percentage of seventy percent or more. You need to take the test in the presence of the proctor, and thus, the appointment with the proctor has to be scheduled in advance.

Passing the real estate salesperson exam of Pennsylvania

The Pennsylvania real estate salesperson licensing examination is administered by PSI. The test has 110 questions and there are two portions, which cover both the national and state requirements. You will have 120 minutes to complete the eighty questions on national regulations, and 60 minutes for answering the thirty questions pertaining to state laws.

Selecting a sponsoring broker

You need to be associated with an active sponsoring broker in order to be licensed. It is crucial that you get the right person as the sponsoring broker because this is the professional who will stay with you as your mentor as you begin your new career.

Completing the application

Now that you have passed the exam and you have your sponsoring broker with you, go ahead and complete the application online for becoming a salesperson. You need to apply within at least three years from the date on which you passed your exam. To answer your question of how much is a real estate license in Philadelphia, the application fees will cost you about $107.

If you want to not only pass the exam but also know the ropes of the trade, then Online Real Estate School is the one you should rely on. We will teach you the ways to run your business profitably, as well as pass your exam with flying colors. Get in touch with us today!

Tips to Keep in Mind Before Looking at Homes for Sale

The first step of taking right financial decisions is being informed and buying a home is one of the biggest financial decisions you will take. So, make sure that you take your time and inform yourself as much as possible about the process. The given tips from the experts of Online Real Estate School will help you get started on the right foot when it comes to looking at homes for sale.

Know the credit score

According to philadelphia real estate school, your credit score plays an important role in dictating the terms of your loan. Find out your credit score before getting a loan and take your time to repair it if it is really low. A good credit score will let you avail a low interest rate and save significant amount of money throughout the course of the loan.

Get pre-approved from a lender

Getting pre-approved by a lender means that you can get the loan for buying the house, as long as, there are no changes to your credit score or financial condition. It also helps you to compete with other buyers from the property that you love.

Take into account every expense

Mortgage is not the only fees that come with the purchase of a home. Make sure you have the income and budget to handle things like property taxes, association fees, repairs, and insurance. When considering the additional expenses of buying a home, you also need to keep aside the savings for covering the emergencies.

Know what you are looking for

Do you want a condo or a home? Would you like a single family residency or opt for mobile homes? This is one of the major dilemmas that any first-time buyer has to deal with. Weigh the pros and cons of each type before deciding.

Do not overstep your budget

The property might look too attractive to let go but if it is way out of your budget, then it is better to look into other options. There will be a lot of expenses that you will have to incur later on, and thus, starting the deal by overstepping your budget is not a good idea.

Let your search for ‘real estate classes near me’ end right here at Online Real Estate School. With our certified courses and expert help, next time you will be giving these advices to your clients face-to-face!