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Becoming an agent in Virginia is more complicated than most people realize. There are strict licensing and registration requirements, as well as hours of study before you can even qualify for a license. But if you’re looking to work with some serious money, it’s worth the effort.,
Though becoming a real estate agent isn’t easy, there are many ways that you can use your business skills to make life easier for yourself once on board! One way is by planning ahead so that when reality inevitably sets in and boom times end (as they often do), at least you’ll have time saved up or invested wisely.Finance
How to Become A Real Estate Agent in Virginia
The “va approved real estate schools” is a list of Virginia approved real estate schools. The schools are approved by the state of Virginia and are required to provide training, education, and testing for individuals who want to become real estate agents in Virginia.
When you know the processes, being a real estate agent in Virginia is simple. You must complete 60 hours of prelicensing education approved by the Virginia Real Estate Board, pass the Virginia real estate exam, submit fingerprints for a background check, join a sponsoring brokerage, and submit your application to the Virginia Department of Professional and Occupational Regulation (DPOR). Join us as we lead you through the processes of how to become a real estate agent in Virginia with a tall glass of sweet tea.
1. Comply with all legal requirements in Virginia
To work as a real estate agent in Virginia, you must be at least 18 years old and have a high school certificate or GED.
What if I told you that For licensed agents who have been engaged in the real estate industry for 24 of the preceding 36 months, Virginia offers complete reciprocity with other states. This implies that if you are already a licensed real estate agent in another state, you do not need to complete DPOR’s prelicensing courses, but you must pass the background check and state section of the real estate test to become a licensed real estate agent in Virginia. You may apply online via the DPOR website if you’ve met these prerequisites.
In terms of mobility, Virginia is also a physical location state. It permits agents and brokers from other states to do business in Virginia, but not to undertake real estate transactions in the state. This implies that an agent or broker from another state must do all out-of-state business over the phone and is not permitted to visit the state for showings, closings, or any other purpose.
Check out our real estate license reciprocity and portability page for more information about real estate license portability in Virginia.
2. Complete all pre-licensing courses that are required.
After you’ve decided that you fulfill Virginia’s legal standards, you’ll need to take 60 hours of prelicensing courses. They may be completed in-person or online at a Virginia real estate school, with prices ranging from $160 to $350. Classes on the following subjects are included in the 60 hours of education:
- Ownership of Real Estate
- Land Use Regulations and Controls
- Market Analysis and Valuation
- Financing
- Agency Principles in General
- Disclosures about the property
- Contracts
- Property Management and Leasing
- Transfer of Ownership
- Real Estate Practice
- Calculations for Real Estate
- Requirements for Public Disclosure
- Relationships and Definitions of Agencies
- Fair Housing Laws and Regulations in Virginia
- Acts Relating to the Practice of Real Estate
- Licensing
- Accounts in Escrow
Consider Kaplan for your Virginia prelicensing classes if you want to get started right away at a recognized online real estate school. Kaplan, which has a good reputation in the education area, offers affordable online and on-demand education alternatives. Their programs contain everything you’ll need to get your real estate license and meet your continuing education needs as you progress through your profession.
Pay a visit to Kaplan.
3. Take the Real Estate Exam in Virginia.
The national section of the test has a 56 percent pass rate, while the state portion has a 57 percent pass rate, indicating that the Virginia real estate exam is challenging but not impossible to pass. Because the test is taken on a computer, you will get your results very instantly.
A passing score advances you to the next level of the licensing procedure, while a failing score on one or both parts of the test results in a failed notice and a diagnostic report outlining your exam strengths and shortcomings. Fortunately, you may repeat the exam as many times as necessary until you pass, as well as reMake Your Exam Appointment at the testing location.
Exam Specifics
Make Your Exam Appointment
PSI Tests Online, a nationwide supplier of state licensing exams, offers the Virginia real estate exam. To begin scheduling your test, you must first register a PSI account, which gives you access to the scheduling portal. For extra exam information, you will also get a copy of the Virginia Candidate Information Bulletin. The test costs $60 and may be paid with a credit or debit card immediately on the website.
You may want additional study assistance to ensure that you pass the test on your first try. Real Estate Test Scholar is a cost-effective and high-quality resource that will help you study for your exam. It costs just $39 for six months of access. Review the combined product on their website, which contains flashcards, simulated examinations, and more.
Real Estate Exam Scholar is a great place to start.
4. Decide the company you want to work for.
You must locate a sponsoring brokerage with whom to associate your real estate license in order to keep it active in Virginia. Check out our in-depth guide on choose the appropriate real estate business to work with to make your decision a little simpler. Although the Old Dominion State has several profitable brokerages, the top five brokerages reported for 2021 are shown below.
(Image courtesy of Real Trends 2021.)
Cities in Virginia with the Highest Median Sales Price in 2021
It’s critical to be informed of market trends in order to develop your strategy, advise customers, and forecast how much money you’ll be able to make. Check out the sales statistics from Towncharts.com below to get a feel of which towns are bringing in the most money for Virginia real estate agents:
5. Get Fingerprinted & Complete Background Check
It’s time to arrange your fingerprints when you’ve finished your schooling and passed the test. To conduct a background check, Virginia requires all candidates to provide fingerprints. If you reside in Virginia, you must have your fingerprints taken there; if you live elsewhere, it is still strongly recommended that you have your fingerprints taken there.
For a $60 cost, DPOR provides two fingerprint vendor options:
- Between 9 a.m. and 1 p.m., you may get your fingerprints taken at your PSI test location. There is no need to make an appointment, and you may discover a location near you on the Internet.
- Fieldprint services: You must make an appointment, and your fingerprints will be taken using a Livescan machine.
Because your background check is only good for 45 days, it’s crucial that you arrange your appointment at the same time as you submit your application. You’ll have to have your fingerprints taken again if you don’t.
6. Submit an application for a Virginia real estate license.
You’re ready to submit your application for real estate agent license in Virginia after you’ve passed the test and finished the fingerprinting procedure. To be deemed genuine, your application must be filed within one year of the date on which you initially completed your test.
The following documents must be presented with the Virginia real estate application, known as the Salesperson License Application:
- The price is $170 and may be paid by cash or money order to the Virginia Treasurer or online using a credit card form.
- Original or certified transcript, Education Certification, Certificate of Completion, License Certification, or other proof demonstrating completion of all necessary real estate courses
- Form for Reporting Disciplinary Actions and any needed attachments (if applicable)
You will be applying for an active license if you have already picked your affiliate brokerage and must include the brokerage information on the application; otherwise, you will be awarded an inactive license.
The DOPR is required by Virginia law to deposit your funds within 24 hours of receiving them, and the posted payment on your account serves as your confirmation receipt. It takes roughly 15 to 20 business days to process your license from the moment it is received. Your license will be shown on the License Lookup Page after it has been approved, and you will get a printed copy in the mail.
What if I told you that If you have a criminal past, you may still receive a real estate license in Virginia, but it is not guaranteed. You must report any crimes, and they will do a background check to see whether you have ever been convicted of a crime. In deciding on licensure, the DOPR will assess whether the offense is directly connected to the license’s purpose, the severity of the crime, and the applicant’s whole criminal history.
7. Get Your Real Estate Career Started
You’re ready to begin your professional real estate career now that you’ve learned how to become a real estate agent in Virginia. Take a look at our Top 25 New Real Estate Agent Tips From the Pros or 14 Real Estate Agent Tips for 2021 for additional information on how to kick-start your profession.
The “virginia real estate license online” is a process that can take anywhere from 4-6 months. However, there are many ways to become a real estate agent in Virginia.
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