How To Become A Licensed Real Estate Broker In Virginia
With the housing market well on the way to complete recovery, many licensees making the move to become a real estate broker in Virginia. After all, one of the benefits of a forming a career in real estate is the control it allows you in shaping your personal success. The step towards becoming a broker is the beginning of an exciting new chapter in the life of a real estate professional. There is no need to wait for a promotion. A real estate licensee is able to simply make the decision to sign up for broker training and the state exam. Once this decision has been made, it may be only a matter of weeks before you are working as a Virginia broker. Real estate sales associates in Virginia who are ready to take the next step in their real estate careers can begin the process of becoming a licensed real estate broker by completing the state’s requirements for licensure.
Virginia Real Estate License Requirements
- Age: at least 18 years old
- Courses: successfully complete 180 hours of approved real estate broker pre-licensing courses
- These pre-licensing courses are either broker-specific or broker-related. The single broker-specific course lasts for 60 hours, and the single broker-related course lasts for 45 hours.
Real Estate Broker Licensure Exam in Virginia
There are 2 parts of the Virginia Real Estate Broker Exam: national and state specific. National part has more questions and is more complex than state specific part. There will be such number of questions in each part of the exam:
National part: 80 questions (answer 60 questions correctly to pass this part)
State specific part: 50 questions (answer 38 questions correctly to pass this part)
Time limit: 105 minutes for the national part and 55 minutes for the state specific part
Visit psiexams.com to get all information you need for the Real Estate Broker Exam in Virginia. You may register with PSI by mail, internet, phone or fax.
If you successfully pass the first part of the exam, you may take the other part during 12 months period, so you don’t need to take both parts on the same day.
You will take the exam on a computer and you will be able to see your results when you finish it.
The fee that you have to pay to register for the exam is $60 in Virginia. The retake fee is $60 too.
Real Estate Broker Software
The Right Tools
The most professional real estate workers often require software to efficiently sort through paper work. It has been pointed out that good software such as Brokermint can transform a real estate business for the better. Back office software should be able to create a consistent and manageable flow from lead generation to closing and accounting. It should be able to cross integrate with Contact Management systems (CRM), MLS and Accounting Packages. The main goal of this type of software is to help real estate experts save time managing day-to-day operations, get instant visibility on production data and remain in compliance with regulations.
Software like Brokermint perfectly fits for small companies that recently started their real estate business.
There are other tools that are useful to real estate agents. Having a strong social media presence through sites such as Facebook or LinkedIn can come in very handy in attracting potential customers. Also consider using Zillow and Trulia. These websites help track information on available real estate properties in local areas. Be sure to familiarize yourself with the kinds of tools that real estate brokers need to work in the field. It is a necessity to feel prepared in this business.
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