The costs for being real estate agent in Virginia are relatively low when considering the potential for a substantial income. The state application fee for a Virginia real estate salesperson is $170 and $210 for qualifying broker candidates. Get pricing, course info, and detailed requirements for your 180-Hr. License application fee: $150 You may also reach Paul at his real estate office in Reston, VA at 703-860-4600 ext 411. Other providers stay mum about their pass rates, but we’re thrilled by our students' success. Company and brokerage fees: Varies widely. Richmond VA 23233-1463. Special Price - $389 Now only $189 for the VA license course which includes the online course, the final exam and our exclusive free post-exam review, a personal review to help you pass the official Virginia real estate exam. How Much Does It Cost to Get a Real Estate License in West Virginia? Only test sites in Virginia offer fingerprinting. All real estate agent applicants need to apply for their license within one year of passing the examinations, or re-examination will be required. Mbition can help you fast-track your real estate career with one of our Virginia packages which contains everything you need to jumpstart your real estate career, including all mandatory Virginia real estate license classes. Transfer application. Continuing education (CE): After your first year as a salesperson, you’ll need to take 30 hours of CE. $140. Membership requires joining a local association, state association and the National Association of Realtors. Salespersons are usually paid by a split of the commissions received by the broker. Salespersons must work under the authority of a broker or brokerage company. NOTE: As of July 1, 2009, fingerprinting is mandatory. Here’s some more info on renewal and reinstatement fees. Fingerprinting and background check: $52 2) Proctoring fee: Free - $35 per attempt. It’s not uncommon for each state to have its own set of … We're sorry, Microsoft no longer actively supports your browser. 180-hour broker’s pre-license coursework. Step 3. If you have any questions on Virginia real estate agent costs, you may contact our instructor Paul Hartke. The state of Virginia requires that you take … Trust Kaplan to provide you the education you need to become a successful Virginia real estate agent. Cost of Renewing Your Real Estate License When it’s time to renew your Virginia real estate license of any kind, you'll submit a fee and a renewal application to the REB. 5. It’s hard to put a cost on the 180-hour broker coursework since the ways to fulfill it vary so much, but a good estimate for the entire 180 hours would be about $850. They have no franchise fees or other monthly fees of any kind. Apply for a Virginia Title Insurance Agent or Agency license. Instead, real estate license reciprocity merely means that there is a streamlined method of getting your new license through the real estate commission. $250. CE costs will vary widely. D. A licensee may not perform activities defined in §§ 54.1-2100 and 54.1-2101 of the Code of Virginia with an expired license. Salesperson's or broker's license as a business entity. After you complete course Our online course and course exam cost is $189 total (reduced from $389 for a limited time). Submit a completed and notarized application. License renewal fee: $65 every two years for a salesperson; $80 for a broker. Become a real estate agent at our online Virginia real estate school. You are still responsible for getting a license, which often includes at least taking the state portion of the exam and possibly some additional but abbreviated education. Additional costs to consider are real estate broker fees, membership fees for REALTORS®, business expenses, and marketing costs, however, these vary are almost entirely independent of the state you wish to obtain your license in. Applicants for the Virginia Real Estate Examinations must be at least 18 years of age and must meet 1 of these additional requirements: 1. Any real estate activity conducted subsequent to the expiration date may constitute unlicensed activity and be subject to prosecution under Chapter 1 (§ 54.1-100 et seq.) of Title 54.1 of the Code of Virginia. Pass your exam and start your career with confidence! Let’s talk about the Virginia salesperson real estate license first. $60. Real Estate License: $150 Estimated Total Cost: $350-$400. Mentor fee – This is where beginners may be teamed up with another agent on a transaction. License application fee: $190. Estimated Costs: $200 to $1,000. The cost would depend on who you gonna take in from. Apply for a Virginia real estate license. Virginia real estate license exam: $60 Broker concurrent license. A license cannot be issued until your application is 100% accurate and complete with all questions answered, all documentation and fees attached, and a background check that is not older than 45 days. Virginia Real Estate Broker License package from The CE Shop. Virginia real estate license exam: $60 If you were to take Aceable’s salesperson’s pre-license course, pre-licensing costs altogether would run you about $460. The other agent gets a portion of the new agent commission. Real Estate Pre-Licensing Education (Estimated): $399 … National Realty charges only liability insurance for new agents. If your application is approved, you are a Virginia real estate agent. There will be two sections: a national real estate test and a Virginia test. ©2020 Aceable, Inc. All rights reserved. This could be anywhere from $25-$500/month. The online Virginia real estate salesperson course is taken online at your own pace. A pre-license course approved by the Virginia Real Estate Board is required for all new agents. Get your Virginia License:  varealtyschool.com/license, Errors and Omissions insurance:  Fees vary, License renewal fee: $65 every two years for salesperson. In order to get a real estate license in Virginia you have to take a mandatory sixty-hours course. Thousands of people in Virginia Beach, Norfolk, Chesapeake, Arlington, Richmond, Newport News and across Compared to state averages of 56% on the national portion and 57% on the state portion. Learn more about real estate licensing and get exclusive offers. Once you have either your salesperson or broker’s license, there are some maintenance fees to consider as a real estate agent: The state application fee for a Virginia real estate salesperson is $170 and $210 for qualifying broker candidates. 2. Become a Real Estate Agent in Virginia . The cost of a Virginia Real Estate License depends on a company's industry, geographic service regions and possibly other factors. Our course is approved by DPOR, Official Virginia real estate license exam (PSI exam): $60 plus $50 fingerprinting & … You may reach us by phone at 804-367-8526 (Licensing Section) or 804-367-2406 (Education Section) , by FAX at 1-866-826-8863, or by e-mail at REBoard@dpor.virginia.gov . Complete the required pre-license education before taking the examination (See the Virginia Real Estate Board Regulations, Real Estate License Laws for details). Pre-Licensing coursework tuition varies from around $300 to $700 depending on the course package and school. With the application fees, the ballpark figure would be 1,000-$2,500 for the first year and less after that. Our proven licensing program is delivered 100% online, and our courses offer the most comprehensive study solution available anywhere. Fingerprinting and background check: $52 Join Long & Foster and get reimbursed for your real estate school tuition. Realtor Association fees: You don’t have to belong to NAR or VAR, but if you do, the costs for both together will equal about $400-500 per year, plus initial application fees of about $100-250. 5. 78% National Portion and 71% State Portion Student Pass Rates. West Virginia Real Estate License FAQ . The Virginia Department of Professional and Occupational Regulation is the licensing authority for the state. If you’d like to learn more about the pre-license coursework, here’s a good primer! You will need passing grades on both. 3) State exam fee: $60 per attempt. 9960 Mayland Drive, Suite 400. The exam fee is around $60, paid to PSI who administers the exam. Broker by education and examination . Brokers have to take 24 hours of CE per two-year renewal period. Broker by reciprocity. SIGN UP HERE. Estimated cost: $300+ Before you can sit for your real … $190. Branch office license. Education. How much does it cost to get a Virginia real estate license? $190. Before submitting an application for a Virginia real estate license, each applicant must submit a set of fingerprints to the Virginia Central Criminal Records Exchange for the purpose of conducting a state and national fingerprint-based criminal history record. Complete Your Virginia Real Estate Prelicensing Classes. 60-hour salesperson’s pre-license course: This varies by provider, but Aceable, for example, costs $199. Or, you can get your education hours at an accredited college, university, or community college. Take the Virginia Real Estate Exam. 1K views This is the license for those just starting out as a real estate agent and qualifies you to work for a licensed real estate broker. The salesperson exam consists of 80 national questions and 40 state-specific questions. Unless otherwise indicated, all payments for license application, renewal, examination, and all other fees should be made payable in U.S. currency to the "Treasurer of Virginia" and mailed to: Department of Professional and Occupational Regulation. MLS fees: The cost to belong to a multiple listing service (or MLS) costs about $65/month. Before you make this important decision, here is an overview of how much it costs to take this career path. Franchise fees 3-8% off the top before your agent split. To satisfy the broker education requirement, you can take broker courses that are approved by another state. Here is a breakdown of all the costs associated with obtaining your Virginia real estate salespersons license: 1) 60-hour Virginia pre-license course: $99. Real estate renewal license fee: $65 (salesperson); $80 (broker) License reinstatement fee (for late renewals): $100 (salesperson); $120 (broker) Fingerprinting and background check fee: $62; Now you have the basic information and the steps to take to get your Virginia real estate license. Costs of getting a Virginia real estate license. After passing the course, one must take the license exam which is run by the company hired by the VA Real Estate Board, which is PSI (psiexams.com). As long as you file your renewal paperwork on time, the real estate license renewal fee is just $65 for a sales agent or $80 for a broker. Firm license. Complete 180 class/clock hours of a Board-approved Principles of Real Estate Pre-License Courses. Say you’ve been working as a salesperson for a while, and you’re ready to take the next step as a Virginia real estate agent. That broker will assist you in completing your license application. Meet Virginia’s basic real estate license requirements. The West Virginia Real Estate Commission is the licensing authority for the state. Are you considering a career as a real estate agent in Virginia? Pre-licensing real estate classes and training. At LicenseSuite, we offer affordable Virginia real estate license compliance solutions that include a comprehensive overview of your licensing requirements. This is typical in all major franchise companies. Get A Free 5-day trial today. Persons who get their Virginia real estate license are called salespersons, although we tend to say the word agents to refer to salespersons. Activate application. Anyone who is not a member can only handle referrals with a referral company. Fees: Examination Fees (Broker: $60). You can complete the course at your own pace. The Approved Virginia Online License Course. You can get a Virginia license by taking an approved Virginia Real Estate License Course. The MLS for entering and searching listings has separate fees. Complete a real estate brokerage course. The exam fee is around $85, paid to PSI who administers the exam. First, to obtain a Virginia real estate salesperson license online, the pre-qualification is to be at least 18 years of age and hold a high school diploma (or its equivalent). Enroll and Finish 60 hours of Virginia real estate licensing classes Lockbox and card fees: Runs around $100. Secure each of the following insurance coverages. In order to use a lockbox for listings and get a key card to enter homes for sale or rent, you must become a REALTOR ®. You might also need to reinstate your license if you let it go inactive. How much does it cost to get a Virginia real estate license? Obtain an appointment with an insurer in Virginia. On the RESA application you must attest that you have and will keep the following for as long as you are a Real Estate … $190. Call our friendly experts with questions: How Much Does It Cost to Become a Real Estate Agent in Virginia. What score do I need to pass? Online Virginia Real Estate License Course - $189 Special Price . 5) License application fee: $170. 6. Virginia Real Estate License School. You’ll want to get a broker’s license, which qualifies you to run transactions on your own and to supervise salespersons and associate brokers. Ready to become a real estate agent? Step 2. Total pre-licensing costs for a broker would be in the ballpark of $1,150. License (broker: $210). Office support fees for facilities, computers, coffee fund, etc. After that, you have to take 16 hours of CE per two-year renewal period. Virginia real estate license exam: $60 Fingerprinting and background check: $52 License application fee: $150 If you were to take Aceable’s salesperson’s pre-license course, pre-licensing costs altogether would run you about $460. Broker applicants must pass a Real Estate Brokerage course, as well as the three broker-specific courses of Real Estate Appraisal, Real Estate Finance, and Real Estate Law OR two of these broker-specific courses and a broker-related course (options include Real Estate Contract Law, Real Estate Math, Real Estate Property Management, and many more!). How do I contact the Board office? Total Cost: $416 Getting your Virginia real estate license: Real estate course and course exam : $189-$500 or more $189 with VaRealtySchool.com. Take only the Virginia section if you have a valid real estate license … $190. Our course is approved by DPOR,... Official Virginia real estate license exam (PSI exam): $60 plus $50 fingerprinting & background check. Step 5: Apply for Your Virginia Real Estate Salesperson Licensing The final step is to print, sign, and mail your application, which can be found on DPOR's website. All West Virginia fees: $241. Houses (3 days ago) Getting your Virginia real estate license: Real estate course and course exam : $189-$500 or more $189 with VaRealtySchool.com. State law requires a license to practice real estate, but does not require any licensee be a REALTOR®. Real Estate Express is a leading online school for aspiring Virginia real estate agents. To sell real estate in WV, a licensed broker must agree that you may affiliate with his or her brokerage. 4) Fingerprint fee: $52. But probably it will be in $199-$399 price range. He is also the co-owner of National Realty, a broker in Northern Virginia. $60 Apply for a West Virginia real estate license.