Are you considering becoming a Virginia real estate agent and wondering how much it will cost? To become licensed, you’ll need to cover the cost of your pre-licensing course, license exam, and any additional fees associated with getting your license.
Cost of Pre-Licensing Course – $150 to $500
Your initial step to obtaining your Virginia real estate license is taking a 60-hour pre-licensing course. This training will provide you with knowledge about the industry, including legal and financial components.
The cost of this course varies depending on the education provider you select. Typically, online courses are more budget-friendly than in-person classes.
After successfully completing your course, you must pass the Virginia license exam administered by PSI test centers across the state.
Once you pass, you must fill out a license application. This process typically takes several weeks.
In addition to the pre-licensing course, you must pay the license exam fee and have your fingerprints taken. These costs can add up quickly, so be sure to budget for them accordingly.
Cost of Exam – $60 per attempt
Once you finish your pre-licensing coursework, it’s time to take the VA real estate exam. The examination consists of both national and state portions; in order to pass both sections with a score of at least 70%, you must receive your license.
This exam is administered online and lasts 150 minutes – 105 minutes for the national portion and 45 minutes for the state portion. You must answer at least 56 questions on both sections – 56 on the national part and 30 on the state part – in order to pass.
Once you’ve passed your exam, it’s time to submit your license application and get fingerprinted for a background check. Fingerprinting is usually a quick task but one that must be done soon after taking your examination.
Cost of Fingerprinting – $52
Before applying for a real estate license, you must be fingerprinted. This ensures that you are not an individual involved in criminal activities and that neither your personal nor professional reputation is damaged in any way.
Fingerprinting is a relatively straightforward process that only takes a few steps. However, if you don’t know what to expect during the procedure, it could prove somewhat intimidating.
The Virginia Real Estate Board (VREB) requires all applicants for a broker, associate broker or salesperson license to undergo both national and state background checks. This includes providing your fingerprints to the Central Criminal Records Exchange.
The next step is to submit a full application for your license online at the VREB website.
Cost of License Application – $170
You will need to complete and pay for your real estate license application once you have received the results from your fingerprinting. You will need to submit your application within 45 days or you will have to redo the fingerprinting.
Virginia Real Estate License Application Fee
Are you in the process of applying for a Virginia real estate license and wondering what the application fee is? This fee is required by VREB and can be paid online using a credit card or by mailing in your check.
The Virginia real estate license application fee includes both exam and application fees as well as a fingerprinting service fee. In order to submit your real estate license application, you must provide all required fingerprints.
Before applying for a real estate license in Virginia, you must complete 60 hours of pre-licensing education. These classes can be taken in classroom settings as well as online.
Your coursework will be taught by experienced instructors. Whether you choose to take your courses in person or online, you will gain a comprehensive understanding of real estate law and practice.
Once you’ve finished your coursework, the Virginia real estate exam must be passed. This 120-question examination consists of both the national and state sections with a passing score minimum of 56/80 on the national section and 30/40 on the state section.
PSI administers the exam, which can be scheduled online or over the phone. You also have the option to have your final exam proctored at a test center for $25 extra cost.
Once you pass the VA real estate licensing exam, it is necessary to submit your application to the VREB. Please be aware that this process can take up to 45 days; thus, set alerts in your calendar so as not to miss any deadlines.
