how much do real estate agentsmake

Introduction:

Becoming a licensed real estate professional opens up a world of opportunities in the dynamic and ever-growing real estate industry. If you are considering starting a career in real estate in Washington, it is crucial to understand the process and timeline involved in obtaining a real estate license. In this comprehensive review, we will delve into the steps, duration, and requirements for acquiring a real estate license in Washington.

Understanding the Process:

  1. Pre-License Education: Before applying for a real estate license in Washington, aspiring agents must complete a state-approved pre-license education course. This course covers essential topics such as real estate laws, contracts, ethics, property management, and more. The Washington State Department of Licensing (DOL) requires a minimum of 90 hours of pre-license education.

  2. State Exam: Upon successful completion of the pre-license education course, candidates must pass the Washington State Real Estate Exam. This exam evaluates the knowledge and understanding of real estate principles and practices. The exam consists of both national and state-specific questions and is administered by a third-party testing provider.

  3. Background Check: Applicants must also undergo a thorough background check, including fingerprinting, as part of the licensing process

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How much does a real estate license cost in WA?

Business license fees
ServiceReal estate firm fee
Service Get an original licenseReal estate firm fee $304
Service Renew a licenseReal estate firm fee $304
Service Renew a license late (with penalty)Real estate firm fee $345
Service Get a printed license by mailReal estate firm fee $5

How hard is it to become a real estate agent in Washington state?

Meet the requirements Be at least 18 years old. Have a high school diploma or equivalent. Complete 90 hours of approved real estate education including a 60-hour course in Real Estate Fundamentals and a 30-hour course in Real Estate Practices. Visit the Course Search for a list of approved real estate education.

How do I get my real estate license in Washington state?

The five steps to becoming a Washington real estate agent are as follows:
  1. Step 1: Be at Least 18 Years of Age.
  2. Step 2: Complete Your Required Education.
  3. Step 3: Take the Washington Broker's Exam.
  4. Step 4: Have Your Fingerprints Taken.
  5. Step 5: Apply For Your State License.

How long is a real estate license good for in Washington state?

Two years Before receiving a license, every real estate broker, managing broker, and firm must pay a license fee as prescribed by the director by rule. A license issued under the provisions of this chapter expires two years from the issuance date.

How much does the average realtor make in Washington?

As of Oct 24, 2023, the average annual pay for a Licensed Real Estate Agent in Washington is $95,308 a year. Just in case you need a simple salary calculator, that works out to be approximately $45.82 an hour. This is the equivalent of $1,832/week or $7,942/month.

How much does the Washington state real estate exam cost?

$138.25 per attempt After you've completed your pre-license education and your school has submitted your education information, it's now time to take the Washington Real Estate Exam. The fee to take the exam is $138.25 per attempt. The Washington Real Estate Exam consists of 130 questions.

Frequently Asked Questions

How long does it take to get real estate license in Washington state?

It takes an average of four (4) months to obtain your real estate license in Washington State. However, many people take far less or far more time to get their Washington real estate license. You can obtain a license in just a few weeks. Or, you can take your time and earn your license over a year.

How do you become a real estate licensee in WA?

To obtain a full Real Estate Licence or triennial certificate you need to have completed both the 18 units from the Certificate IV in Real Estate Practice and the 12 units from the Diploma of Property. You'll also need at least two years experience in the industry.

What are the steps to become a real estate agent in Washington state?

How to apply
  1. Be at least 18 years old.
  2. Have a high school diploma or equivalent.
  3. Complete 90 hours of approved real estate education including a 60-hour course in Real Estate Fundamentals and a 30-hour course in Real Estate Practices.
  4. Complete your education within 2 years before applying for the broker's exam.

How to start a real estate business in Washington state?

Follow the steps below to apply for a real estate firm license.
  1. Get firm name approval.
  2. File with the Secretary of State, if applicable.
  3. File with the Department of Revenue.
  4. Appoint your designated broker.
  5. Gather the required documents.
  6. Submit your application.
  7. Get an assumed name endorsement.
  8. Get a branch office license.

FAQ

How long does it take to get a real estate license in WA?
It takes an average of four (4) months to obtain your real estate license in Washington State. However, many people take far less or far more time to get their Washington real estate license. You can obtain a license in just a few weeks. Or, you can take your time and earn your license over a year.
How do I get a real estate license in WA?
Description
  1. Be at least 18 years old.
  2. Be a fit and proper person of good character and repute.
  3. Hold a current National Police Certificate.
  4. Hold one of the prescribed qualifications.
  5. Have at least two years of continuous full-time experience in the real estate industry.
  6. Have sufficient assets and financial resources.
How long does it take to become a real estate agent in Washington?
It takes an average of four (4) months to obtain your real estate license in Washington State. However, many people take far less or far more time to get their Washington real estate license. You can obtain a license in just a few weeks. Or, you can take your time and earn your license over a year.

How long does it take to get real estate license in washington

How much does it cost to become a real estate agent in Washington state? The fixed costs associated with obtaining a Washington state real estate broker's license include: $138.25 – broker licensing examination fee. $42.80 – fingerprint and background check fees. $146.25 – broker license and application fee.
Do real estate agents make good money in Washington state? Licensed Real Estate Agent Salary in Washington. $77,400 is the 25th percentile. Salaries below this are outliers. $122,700 is the 75th percentile.
Can I transfer my real estate license to Washington? Does Washington have real estate license reciprocity with any other states? Washington has no formal reciprocity agreements with other states. However, out-of-state agents with equivalent licensing can typically waive the education portion of the Washington licensing process.
  • How fast can I get my real estate license in Washington state?
    • You can obtain a license in just a few weeks. Or, you can take your time and earn your license over a year. The amount of time it takes to obtain a Washington real estate license depends on the type of pre-license coursework a potential licensee decides to take and their pace to complete the courses.
  • How much is a realtor license in Washington?
    • What are the Fixed Costs Associated With Getting Your Washington Real Estate License?
      NoDetailsCost
      1Online Course at RealEstateU$199
      2State Exam Fee$210
      3Criminal Record Check Fee$17
      4License Application Fee$223
  • How to get real estate license in wa
    • Steps to Get a Real Estate License in Washington State · Prerequisites · Complete 90 Hours of Approved Pre-License Education through an Approved Provider.

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