When you have a valid license in one state, you can use said license to practice in another state. Take note, too, that certain states have reciprocal licensing agreements. Again, be sure to read your state’s specific requirements. These include a few non-expired identification cards with matching names and valid signatures (passport, social security card, driver’s license), a pre-licensure education certificate, and a basic calculator. Code of ethics including improper activities and dealingsīesides being knowledgeable in these areas, particularly through study and practice tests, you should also bring a few things to the exam.Specialized areas of practice (property management, timeshare, commercial and industrial real estate).Handling of documents including reporting and record-keeping rules.Authority and duties of the Real Estate Commission. Commercial, industrial, and income propertiesįor the state-specific section, the topics typically include:.For the national section, the topics include: While there are differences in the specific questions, there are common topics covered. Both exams last for four hours only, and the grading system used is known as equating, wherein the exam score is reported on a scale of 0-100. The agent exam consists of 80 general practice questions and 40 state-specific questions, while the associate and broker exam has 80 general practice questions and 60 state-specific questions. In Alaska, the exams are different for the agents and associates, and brokers. But the allotted time is different for each exam – it’s five hours and 25 minutes for the broker exam while the agent exam lasts for five hours only. In both exams, the minimum passing rate is 75% or 135 correct answers out of the 180 questions. For the agent exam, there are also 180 questions in total and additional 15 pretest questions. There are additional five national and ten state-specific questions, but these aren’t scored. The broker exam has two parts in Arizona, namely, 80 national questions and 100 state-specific questions. But the similarity stops there since every state decides the number of questions, the time allotted for each section, and the passing percentage or score. The 50 states also follow the multiple-choice format for their respective real estate exams. Failing one section of the exam typically means retaking it later while the passing grade on the other section stays. Even if you know California’s laws by heart, you likely won’t pass the New York exam unless you study and take practice tests beforehand.Įvery section is separately graded and, thus, passing both sections is a must. Furthermore, each state has its real estate laws that may or may not apply to the national level.įor this reason, there’s also no national real estate exam! Studying for California’s exam doesn’t mean studying for New York’s exam because of its local laws differences.īut it must also be said that real estate exams across all 50 states consist of two parts: first, a national section where general real estate principles and practices are covered and second, a state-specific section where the state’s real estate laws, rules, and regulations are covered. Remember that there isn’t a national real estate license because each state has its specific requirements. These levels include the provisional broker (entry-level), broker, firm, and limited nonresident commercial. Take note that in some states, such as North Carolina, there’s only one licensing system – broker – but with several status levels. The latter usually have more professional training and technical knowledge between an agent and a broker than the former. A real estate broker is an employee of a brokerage firm or works independently while also employing agents. A real estate agent serves as a facilitator, or salesperson, who brings buyers and sellers together, and his compensation comes in the form of a commission. Most states offer two types of licenses for real estate professionals – an agent license and a broker license.
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