around $60The state application fee for a Virginia real estate salesperson is $170 and $210 for qualifying broker candidates. The exam fee is around $60, paid to PSI who administers the exam.
Virginia requires 60 hours of education, which you can take in a classroom or online. Contact the Long & Foster Institute of Real Estate to learn more.
License renewal fee: $65 every two years for a salesperson; $80 for a broker. Continuing education (CE): After your first year as a salesperson, you'll need to take 30 hours of CE. After that, you have to take 16 hours of CE per two-year renewal period. Brokers have to take 24 hours of CE per two-year renewal period.
60 HoursComplete 60 Hours of Pre-License Education through an Approved Real Estate School. The 60-Hour Virginia Pre-License Course provides information about the various real estate careers, activities, companies, and government agencies that regulate the industry.
Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.
According to the Bureau of Labor Statistics, Virginia real estate agents earn an annual mean wage of $66,230. This is especially impressive when you consider than most states fall in the $41,000 - $57,450 range as shown in the chart below. And that's just the average, which skews low because of two key factors.
Online Real Estate License in Virginia RealEstateU is an online real estate school that offers the state-approved licensing course required to earn your real estate license in Virginia.
2-5 monthsOn average, it takes anywhere from 2-5 months to complete real estate school and earn a real estate license. However, this can vary depending on your state's licensing requirements and application process and whether you choose an online real estate school or traditional classroom courses.
Working as a real estate agent or broker can be fulfilling and financially rewarding, but it's not easy. A career in real estate requires drumming up business, promoting yourself, tracking leads, handling complex paperwork, providing customer service, and much, much more.
In fact, Realtors are real estate agents. The difference is that Realtors join the National Association of Realtors (NAR), which holds them to a higher standard of ethics than real estate agents must abide by”. According to the NAR, about half of all real estate agents in the United States are certified Realtors.
You can take the Virginia state licensing exam as many times as needed until you pass. You simply have to schedule a new exam attempt through PSI and pay the $60 exam fee for each attempt.
120The salesperson exam is made up of 120 multiple-choice questions total. This includes 40 state-specific questions and 80 questions on national topics. Expect to see questions about the principles, practices, regulations, and statutes of real estate. You have 150 minutes total to complete the exam.