For the Washington realty licensing exam, two forms must be presented with you: one form of ID that has your name, signature, and current photo. Remember that the results of this exam are only valid for a year. So you must apply to get your broker's license. You will be given instructions to retake the exam if you fail. You can submit your official application once you have passed the exam.
Pre-licensing education requirements
Washington requires that every aspiring real-estate agent completes at least 90 hours pre-licensing training before taking the exam. This 90-hour course covers finance, contract principles, real estate principles, and much more. Online programs allow students to access the courses in multiple modules that cover a variety of topics. The study guides and optional tests will help students 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. The state licensing testing agency must be registered before the candidates can take the exam. They must also provide evidence of course completion. They must pass the broker's exam, and answer legal background questions. They must also submit their fingerprints to a background check once every six years. Applicants who have completed pre-licensing education in another state will be able to use this information.
Exam content
The WA exam for real estate licenses consists two parts: the national portion and the state-specific section. Interspersed are the questions from each section. About five to ten questions will be considered experimental and not scored. Each portion has multiple-choice questions. The test taker has 3.5 hours for each part. To pass, you will need a scaled score between 70 and 80. The test content covers all aspects of state real estate laws, contracts and procedures.
Many of the same topics are covered in a pre-licensing program as the exam. The basics of real estate math are required. To improve your score, practice tests are important as the subject matter on the test is not always changing. You may also want to take practice tests to ensure you understand the format and make note of your weak areas. Remember to memorize the facts and formulas you learned in your prelicensing course.
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. The cost of a salesperson license will be less than that of a broker license. This is because the former requires additional education and fees. Real estate licensing costs can be more expensive if you start from scratch. However, you can reduce these costs by creating your business plan and identifying potential clients. There are numerous marketing options available such as social media campaigns, digital ads, and print ads.
Pre-licensing coursework costs between $260 and $500, depending on where it is taken. Once you've completed the required course you must pass the state licensing exam. Additional fees of $50-60 are required for MLS membership. The fees for MLS membership vary from one region to the next. You'll need to verify your local fees to find out the exact cost. A separate fee will be required to become a National Association of Realtors member.
Online options
A good decision is to make an online school your Washington license. Online schools let you work at your own pace. Online classes offer valuable exam preparation services and tutor support. Exam Preparation Plus is available to enhance your course. This includes a realestate dictionary, live examcramer series and a Q&A with instructors.
Kaplan offers five WA-pre-licensing programs. You can choose from the Premium or Value packages depending on your needs. These packages consist of three online courses each that take less than nine hours. These packages allow you to finish the coursework whenever it suits you best. You can even resume from where your last course was if you wish. Kaplan's courses were developed by experienced real estate professionals, who cover relevant and current topics.
FAQ
How long does it take to get a mortgage approved?
It depends on many factors like credit score, income, type of loan, etc. It typically takes 30 days for a mortgage to be approved.
Do I need flood insurance?
Flood Insurance protects against damage caused by flooding. Flood insurance helps protect your belongings and your mortgage payments. Find out more about flood insurance.
Should I rent or purchase a condo?
Renting might be an option if your condo is only for a brief period. Renting can help you avoid monthly maintenance fees. On the other hand, buying a condo gives you ownership rights to the unit. You have the freedom to use the space however you like.
How can I eliminate termites & other insects?
Your home will eventually be destroyed by termites or other pests. They can cause serious damage and destruction to wood structures, like furniture or decks. This can be prevented by having a professional pest controller inspect your home.
Statistics
- Based on your credit scores and other financial details, your lender offers you a 3.5% interest rate on loan. (investopedia.com)
- Private mortgage insurance may be required for conventional loans when the borrower puts less than 20% down.4 FHA loans are mortgage loans issued by private lenders and backed by the federal government. (investopedia.com)
- 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)
- This means that all of your housing-related expenses each month do not exceed 43% of your monthly income. (fortunebuilders.com)
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
External Links
How To
How to Buy a Mobile Home
Mobile homes can be described as houses on wheels that are towed behind one or several vehicles. They were first used by soldiers after they lost their homes during World War II. People who live far from the city can also use mobile homes. These homes are available in many sizes and styles. Some houses are small while others can hold multiple families. Some are made for pets only!
There are two types of mobile homes. The first type of mobile home is manufactured in factories. Workers then assemble it piece by piece. This happens before the product can be delivered to the customer. A second option is to build your own mobile house. Decide the size and features you require. Then, you'll need to ensure that you have all the materials needed to construct the house. You will need permits to build your home.
Three things are important to remember when purchasing a mobile house. Because you won't always be able to access a garage, you might consider choosing a model with more space. A larger living space is a good option if you plan to move in to your home immediately. Third, you'll probably want to check the condition of the trailer itself. If any part of the frame is damaged, it could cause problems later.
You need to determine your financial capabilities before purchasing a mobile residence. It is important to compare prices across different models and manufacturers. You should also consider the condition of the trailers. Although many dealerships offer financing options, interest rates will vary depending on the lender.
It is possible to rent a mobile house instead of buying one. Renting allows you the opportunity to test drive a model before making a purchase. However, renting isn't cheap. Renters typically pay $300 per month.