How to Become a Real Estate Agent in Pennsylvania | Northwood Blog

Northwood
Local


How to Become a Real Estate Agent in Pennsylvania

NOW is a great time to become a real estate agent in PA!  Our agents come to a real estate career from many different backgrounds. Some were general managers, some recent college graduates, stay-at-home moms, teachers, veterans, retirees, nurses, entrepreneurs, and some were even attorneys!   Do any of those titles describe you?  If so, GREAT!  You would love being a real estate agent. But even if they do not describe you, a career in real estate may still be right for you. We believe that people from all backgrounds and personality types can find success with a real estate career!  Some people gravitate to real estate because of the flexible hours, the potential for great income, or independence.  The good news is, self-motivated and enthusiastic individuals tend to find the licensing process in Pennsylvania relatively easy.  Fall is a great time to begin the process of becoming a real estate agent.  Since it provides the time to pass your classes, pass the exam, and become licensed BEFORE the spring market hits!

 

“How do I get my real estate license in Pennsylvania?”

 

1. Complete Your Required Education and Exam Prep

To become a real estate agent in Pennsylvania, you must successfully complete 60-hours of prelicensing education and be at least 18 years old.  Prelicensing courses are available in multiple formats, including online programs and live classroom settings.  Be sure to find a Pennsylvania Real Estate Commission Approved Real Estate Education Provider by clicking HERE.  The coursework consists of two 30 hour classes, ‘Real Estate Fundamentals’ and ‘Real Estate Practice’.

 

2. Complete a Background Check

You must obtain a report of criminal history to become a licensed real estate agent in Pennsylvania.  Obtain yours HERE.

 

3. Take the Pennsylvania and National Licensing exam

Successfully PASS both parts with a minimum passing score of 75%.

 

4. Meet with Recruiters or Managers of Local Real Estate Brokers

In Pennsylvania, a real estate agent may not practice without the sponsorship of a licensed real estate broker, i.e. “Northwood Realty Services”.   Therefore, it is extremely important to take your time and interview with several local companies.  A great part of being a real estate agent is that you control your direction, and it begins with the interview.  There, you can discover exactly what a company can offer YOU, instead of the other way around.  Focus your questions on these topics: Available training programs?  Size of the company?  What’s the commission split?  Are mentors available? Are leads provided? What are the common fees during your first year?  Etc!  Take this opportunity to ask the important questions and set yourself up for success.  For instance, we believe that training and support are the most important aspects of measuring a newly licensed agent’s success in their first year.  Sure, some new agents get “lucky”, while others just know SO MANY people, they were tripping over referrals before knowing how to CORRECTLY write a sales contract.  For more information on what we can offer new agents, check out our “Careers” page HERE.

 

5. Select Broker and Apply for your Real Estate License

Once you have picked the best broker for you; complete, sign, and submit the licensing application along with the required fee to the Pennsylvania Real Estate Commission.  The fee is $107.00, which includes a $72.00 licensure fee, a $25.00 application fee, and a $10.00 recovery fund fee. All fees are NON-REFUNDABLE regardless of whether a license is issued.

Now that you know the basic steps, we are sure you have plenty of questions, feel free to reach us at careers@northwood.com, if you would like additional information on becoming a real estate agent, or contact us on FACEBOOK.

 

Here are the Top 3 questions about starting a Real Estate Career

 

What are the costs in starting as an agent?

A new agent is expected to have between $1500-2000 to pay for startup costs/fees within the first year.  This includes, but is not limited to 60-hour pre-licensing, exam, license application fee, Errors & Omission Insurance, REALTOR® dues, and Multi-List Service (MLS) Fees.  $2000 is a considerable amount of money, but remember that the costs and fees are stretched over the time from beginning prelicensing classes to when you sign on with a real estate broker.  For some, this is 3 months, for others, it could be 6+ months.

 

Should I be a Full-time or Part-time agent?

Ah… the age-old debate.  The short answer: “It Depends”.  We have seen agents flourish while working evening/weekends, and vice versa.  If you are starting part-time, juggling a “day job” and working nights as an agent can become overwhelming when you start adding in your personal schedule, kid’s schedule, etc.  Our advice is to create a plan.  Talk to your support at home and find out what hours will be best for you to get the most out of your real estate business.  Truthfully, we have found that agents who commit full-time for AT LEAST the initial 6 months, found success earlier in their careers.  A full-time commitment may also allow for the ability to attend advanced training, uncover real-world experience by shadowing a mentor or provide more time to find new clients.

 

What’s the difference between Real Estate Agent and REALTOR®?

Taken from the Pennsylvania Association of REALTORS® article on “How to Become a REALTOR®”: “Anyone who earns a real estate license can be called a real estate agent, whether that license is as a sales professional, an associate broker, or a broker. A real estate agent who is a member of the National Association of REALTORS®, which means that he or she must uphold the standards of the association and its code of ethics, is called a Realtor®, and is entitled to all of the benefits of membership associated with the trademark.”

Share:

Northwood Realty


Leave a Comment

Search Our Blog


Follow Us


Never Miss a Post!

Subscribe Now


Related Posts