You will need two forms of identification to pass the Washington real-estate licensing exam. One should have your name, signature and current photograph. Remember that the results of this exam are only valid for a year. So you must apply to get your broker's license. If you fail the exam, you will be given instructions on how to retake it within six months. You can submit your official application once you have passed the exam.
Pre-licensing education requirements
Washington requires all real estate agents to complete at minimum 90 hours of prelicensing education. 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 guides and optional exams that will help them prepare for the real estate exam.
Washington State Department of Licensing and Regulation requires applicants to undergo a background investigation before taking the real-estate exam. To take the exam, candidates must register with the state's licensing testing agency. They will also need to provide proof of 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 will also apply to applicants who completed their pre-licensing education outside of the United States.
Exam content
The WA licensing exam in real estate includes two parts. One is the national section and one is the state-specific. Each portion has interspersed questions. Between five and ten questions are considered experimental. These questions will not be scored. Both portions have multiple-choice questions, and the test taker has 3.5 hours to finish both parts. You must score 70 to pass. The test content is extensive and covers all aspects the state's real-estate laws, contracts, procedures.
The course is similar to the exam, but covers some of the same topics. You will need to know the basics of real estate math and the formulas for solving common real estate calculations. The subjects covered on the test are not constantly changing, and taking practice tests is essential to improving your score. To ensure that you are familiar with the test format and to identify any weak areas, practice tests may be useful. Also, you should remember the math formulas and facts that were taught in your pre-licensing program.
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 salesperson license is less expensive than a broker license, as the latter requires additional schooling and state licensing fees. 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 also have numerous marketing resources, such digital ads, social media campaigns, and print ads.
The cost of prelicensing coursework varies depending on the place you choose. It can cost from $260 up to $500. Once you've completed the required course you must pass the state licensing exam. An additional $50-60 cost to join the MLS. The cost of MLS membership varies from region to region. It is best to consult your local fees to see 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
It can be a good idea to choose an online school to fulfill your Washington real estate licensing requirements. 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. In addition to the online classes, you will get valuable exam prep services and tutor support from instructors. Additionally, you can upgrade your course by purchasing Exam Preparation Plus, which includes a real estate dictionary, live exam cramer series, and a Q&A session with instructors.
Kaplan offers five WA Pre-licensing Packages. Depending on your needs, you can choose between the Value and Premium packages. These packages include three online courses that each require less than nine credits. You can complete both packages at your own pace. If you have to, you can always go back to where you were. Kaplan's courses were developed by experienced real estate professionals, who cover relevant and current topics.
FAQ
Is it possible to sell a house fast?
It might be possible to sell your house quickly, if your goal is to move out within the next few month. But there are some important things you need to know before selling your house. First, you must find a buyer and make a contract. The second step is to prepare your house for selling. Third, it is important to market your property. Lastly, you must accept any offers you receive.
Can I afford a downpayment to buy a house?
Yes! There are many programs that can help people who don’t have a lot of money to purchase a property. These programs include conventional mortgages, VA loans, USDA loans and government-backed loans (FHA), VA loan, USDA loans, as well as conventional loans. Visit our website for more information.
Should I rent or own a condo?
If you plan to stay in your condo for only a short period of time, renting might be a good option. Renting will allow you to avoid the monthly maintenance fees and other charges. 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 many other pests can cause serious damage to your home. They can cause damage to wooden structures such as furniture and decks. It is important to have your home inspected by a professional pest control firm to prevent this.
How much money do I need to purchase my home?
The number of days your home has been on market and its condition can have an impact on how much it sells. The average selling price for a home in the US is $203,000, according to Zillow.com. This
Statistics
- Some experts hypothesize that rates will hit five percent by the second half of 2018, but there has been no official confirmation one way or the other. (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)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
- Based on your credit scores and other financial details, your lender offers you a 3.5% interest rate on loan. (investopedia.com)
- This means that all of your housing-related expenses each month do not exceed 43% of your monthly income. (fortunebuilders.com)
External Links
How To
How to Purchase a Mobile Home
Mobile homes are houses built on wheels and towed behind one or more vehicles. They were first used by soldiers after they lost their homes during World War II. People who want to live outside of the city are now using mobile homes. These houses are available in many sizes. Some houses are small while others can hold multiple families. Some are made for pets only!
There are two main types of mobile homes. The first is made in factories, where workers build them one by one. This occurs before delivery to customers. A second option is to build your own mobile house. You'll need to decide what size you want and whether it should include electricity, plumbing, or a kitchen stove. Next, make sure you have all the necessary materials to build your home. Finally, you'll need to get permits to build your new home.
These are the three main things you need to consider when buying a mobile-home. You may prefer a larger floor space as you won't always have access garage. A larger living space is a good option if you plan to move in to your home immediately. You should also inspect the trailer. Damaged frames can cause problems in the future.
It is important to know your budget before buying a mobile house. It is important that you compare the prices between different manufacturers and models. Also, take a look at the condition and age of the trailers. While many dealers offer financing options for their customers, the interest rates charged by lenders can vary widely depending on which lender they are.
An alternative to buying a mobile residence is renting one. Renting allows the freedom to test drive one model before you commit. Renting is expensive. The average renter pays around $300 per monthly.