Once your application is complete, it will be referred to an inspector, who will contact you directly to schedule an inspection of the office. Once your license has been issued, you will see it immediately under the Professional License Details banner of your dashboard. You will receive the license at the broker's main office in business days after date of issue. To locate an approved Real Estate Education Provider: www.
You must contact each school individually to determine if they offer courses that would suit your needs. Real Estate Brokers may be granted licensure by the Reciprocal method if they hold a current, active broker's license issued by another state that agrees to issue a license to a standard Pennsylvania licensee without further requirement or has qualifications for licensure which are substantially comparable to those required by the Commission.
Once you are logged in, you must scroll to the bottom of your dashboard and click on "Apply for New License", then select "Real Estate Commission", then select the type of broker license you wish to hold. If you wish to license a corporation, LLC, or partnership as a broker, you must first apply for the broker multi-licensee license. Once you have submitted that application, you can begin the broker corporation application for the company using the application number from the broker multi-licensee application.
You will receive the license at your broker's main office in business days after date of issue. Sign in or create account at www. Answer the survey questions and click on "Next" to open the application.
Complete the application, upload the required documents, and click on "Send to Broker. Once you click "Send to Broker," your prospective employing broker will be notified to log onto the PALS account associated with the broker office license. Your application will be in the "My Queue" section of their dashboard, at the bottom. The broker of record will review and approve your application, certifying that they are willing to hire, train, and supervise you as required by the Law and Regulations.
Start the application process at PALS. Real Estate Commission Law and Regulations. To register for the exams : www. Locate an approved Real Estate Education Provider:. You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page. An Official Pennsylvania Government Website. Pennsylvania Department of State.
State Athletics. Election Security. Campaign Finance. Keystone Login. File Business Forms. Board Contacts. Page Content. Expand All Click here for a more accessible version. Phase I. To help reduce your processing time, please note the following suggestions and information: Prospective applicants must have an employing broker willing to certify that they will supervise and train the applicant once they are granted a license.
Real Estate Express will help you prepare for the Pennsylvania real estate licensing exam. You will learn at your own pace. You will also get tools for your future career. All Real Estate Express packages are approved by Pennsylvania Real Estate Commission and satisfy the Pennsylvania real estate requirements to sit for the license exam. Get your real estate license today! This license information is provided as a convenience only and is subject to change at any time.
It's ultimately the responsibility of the licensee to be sure that he or she is meeting all requirements for each license and corresponding renewal period.
Step 1: Meet the general Pennsylvania real estate license requirements: To get your Pennsylvania real estate license, you must be at least 18 years of age. You must complete a Criminal Background Check by the State Police where you reside dated within 90 days of submitting the application.
Contracts for the Sale of Real Estate Describe the characteristics and provisions of a contract for sale Describe the characteristics and provisions of an option-to-buy contract Describe the characteristics of a contract for deed.
Real Estate Investment Describe the investment characteristics of real estate Identify investment entities Describe the tax treatment of real estate investments Perform basic real estate investment analysis and tax calculations XIX. Property Management Describe the major functions of the property manager Identify the nature and components of a management agreement Describe elements of various lease types of most interest to a property manager Identify sources of management business, the role of the management plan in securing business, and sources of professional training for property managers XXV.
Missouri Disciplinary Proceedings Describe the complaint and investigation process. Illinois 75 Hour Pre License Course. The Real Estate Business Describe real estate activities Identify property type specializations Identify primary brokerage activities Identify forms of brokerage specialization List skills and knowledge needed Describe functions of major professional organizations Identify regulated areas List general areas of license law II.
Rights in Real Estate Define land and real estate Distinguish categories of property Identify the bundle of rights Define water rights Differentiate between real and personal property Identify areas of government and judicial regulation III. Interests and Estates Define interests and estates in land Distinguish freehold estates from leasehold estates Describe types of fee simple estate Describe types of life estate Describe types of leasehold estate IV.
Ownership Define sole ownership Define and distinguish forms of co-ownership Describe how joint tenancy is created Define the mechanics of an estate in trust Identify the features of a land trust Define condominium ownership Define cooperative ownership Define time-share ownership V. Encumbrances and Liens Define encumbrance Describe the types of easement Define encroachment Define license Define deed restrictions Describe the types of lien Define lien priority Describe foreclosure processes VI.
Transferring and Recording Title Distinguish legal and equitable title Define actual and constructive notice List processes of voluntary and involuntary transfer Describe components of a deed of conveyance Identify types of deed Identify types of will Describe probate processes Define title records Describe the forms of title evidence VII.
Land Use Planning and Control Describe the goals and process of land use planning Describe the zoning process Define the types of zone Describe the major environmental legislation Describe the major types of private land use control IX. Legal Descriptions Define legal description Describe the metes and bounds method Describe the rectangular survey method Identify ranges, tiers and townships Identify sections of a township Describe a section fraction Describe the recorded plat method X.
Real Estate Contract Law Identify the basic legal concepts of contracts Describe requirements for validity of contracts Describe the creation and termination of contracts XI. Agency Define the agency relationship Describe the fiduciary duties of agency Identify the forms of real estate agency Describe the rules of agency disclosure XII.
Contracts for the Sale of Real Estate Describe the characteristics and provisions of a contract for sale Describe the characteristics and provisions of an option-to-buy contract Describe the characteristics of a contract for deed XV. Real Estate Finance Define mortgage financing Describe loan transactions Calculate loan financial components Identify major elements of mortgage and trust deed Describe the underwriting and loan application processes Describe the major laws that affect mortgage lending Describe the primary and secondary mortgage markets Describe common loan types and structures XVIII.
Real Estate Investment Describe the investment characteristics of real estate Identify investment entities Describe the tax treatment of real estate investment XIX. Ethics: Laws and Practices Identify and describe the fair housing laws and fair financing laws Identify acceptable ethical and professional practices XXI.
Real Estate Licensing Regulation Describe the role of state license law Describe the procedure and requirements for obtaining and retaining a real estate license Identify services requiring a license Identify the types of real estate license Describe the role of the state real estate commission XXIII. Risk Management Define risk and risk management Explain the four basic risk management strategies Describe the four primary risk management procedures in real estate practice Identify the primary risk areas for real estate licensees.
Acquiring and Maintaining a License in Illinois Name the types of real estate licenses available to individuals List the acts that require a license Recall exemptions from licensure Restate basic license requirements Explain the circumstances regarding nonresident licensure Describe license expiration dates Describe license status and change notifications XXVII.
Regulation of Business Practice in Illinois List the different types of Illinois brokerage firms Describe the duties of a sponsoring broker Identify practices that ensure nondiscrimination Recognize supervisory responsibilities of a managing broker Recall types of compensation State the responsibilities of a sponsoring broker when accepting escrow money List what is included in a broker price opinion or comparative market analysis XXVIII.
Real Estate Finance Define mortgage financing Describe loan transactions Calculate loan financial components Identify major elements of mortgage and trust deed Describe the underwriting and loan application processes Describe the major laws that affect mortgage lending Describe the primary and secondary mortgage markets Describe common loan types and structures. Risk Management Define risk and risk management Explain the four basic risk management strategies Describe the four primary risk management procedures in real estate practice Identify the primary risk areas for real estate licensees XXIV.
The Real Estate Business Describe real estate activities Identify property type specializations Identify primary brokerage activities Identify forms of brokerage specialization List skills and knowledge needed Describe function of major professional organizations Identify regulated areas List general areas of license law II.
Interests and Estates Define interests and estates in land Distinguish freehold from leasehold estates Describe types of fee simple estate Describe types of life estate Describe types of leasehold estate IV. Land Use Planning and Control Describe the goals and process of land use planning Describe the zoning process Define the types of zone Describe the environmental legislation Describe the major types of private land use control IX.
Listing Agreements Describe the basis of listing agreements in contract and agency law Identify the types of listing agreements Describe how an agent fulfills an agreement and earns compensation Identify the basic provisions of a listing agreement XIII. Appraising and Estimating Value Define real estate value Describe economic foundations of real estate value Identify major types of value Define market value Define appraisal Describe the appraisal process Describe the three approaches to value Define comparative market analysis Identify regulated appraisal activities and professional standards XVII.
Real Estate Investment Describe the investment characteristics of real estate Identify investment entities Describe the tax treatment of real estate investments. Real Estate Licensing and Regulation Describe the role of state license law Describe the procedure and requirements for obtaining and retaining a real estate license Identify services requiring a license Identify the types of real estate license Describe the role of the state real estate commission XXIII.
Nevada License Law Administration Recall the powers and duties of the Nevada Real Estate Division List the primary powers and duties of the Real Estate Commission Explain the options the Division Administrator has once findings of an investigation has been reported Discuss sanctions and fines the Commission could impose on a licensee or property manager Describe what a petitioner must show in a petition to the Fund XXVI.
Nevada License Requirements List the types of real estate licenses issued by Nevada Identify activities that require a Nevada real estate license State the requirements to obtain a salesperson license Describe the terms and conditions of individual license renewal Discuss reasons that would require an individual or licensee to notify the Division Review office requirements for brokers Explain the provisions and penalties related to cooperative certificates XXVII.
Agency in Nevada List recognized types of agency relationships Describe the duties a licensee owes to all parties in a real estate transaction Explain what must be included in the Consent to Act written consent form Examine oral vs. Nevada Real Estate Contracts Review requirements for brokerage agreements Name creators of forms and contracts for real estate transactions List acceptable forms of payment for same day disbursement Nevada Good Funds Law Discuss what must be included in every advance fee agreement in Nevada Discuss requirements of purchase agreements XXXI.
Other Nevada Laws and Practices Discuss requirements for written statement to obtain a Division permit Define the two types of time share List environmental issues that the seller is required to disclose Define a homestead Discuss conditions for property transfer Review inclusions for property tax calculation List protected classes, including the Nevada additions XXXII.
The Real Estate Business List the various various tasks involved in brokerage and the various areas of specialization available to practitioners Characterize the key skills and proficiencies required for brokers to be competent professionals Describe essential phases involved in real estate development and construction Explain the key areas of real estate regulation and the critical focus areas of Florida regulatory bodies Name the key trade associations and professional organizations comprising the real estate market II.
Florida Violations of License Law, Penalties, and Procedures Highlight the key benchmarks and milestones involved in adjudicating complaints occurring within the jurisdiction of Florida real estate license regulation Summarize the steps leading up to investigations, hearings rulings and appeals Identify the adjudicative limitations and alternative punitive measures available to FREC and the Division Explain how complainants can obtain relief using the Real Estate Recovery Fund Summarize the impact on the licensee of a Recovery Fund reimbursement to a complainant VII.
Federal and State Laws Pertaining to Real Estate Summarize the overall thrust and purpose of federal and state fair housing laws as it relates to residential brokerage practice List the salient laws that have formed the foundations of anti-discrimination in American housing practice List and characterize the key discriminatory practices outlawed by fair housing and fair financing legislation Describe the essential disclosures licensees must make to comply with fair housing practices, e.
Real Estate Contracts Define the essence of a contract and its validity requirements Differentiate between valid, unenforceable, void and voidable contracts Differentiate between oral vs. Residential Mortgages Describe the key characteristics of, and provisions contained in, the note and mortgage instruments Highlight the steps involved in the initiation and fulfillment of a mortgage transaction Explain mortgage lien priority and its importance List the key mechanical components of the mortgage loan Characterize essential provisions of mortgages including origination fees, take-out commitments, payments, and assignment Summarize ways to purchase mortgaged property Explain and differentiate alternative foreclosure methods used to enforce mortgage lien defaults Describe the nature and key characteristics of a short sale and how it differs from conventional conveyances XIII.
Real Estate Related Computations and Closing of Transactions Describe the preliminary steps leading up to closing and the licensees role in assisting the principal parties Summarize the key events that occur at closing including funds transfer, settlement, and title transfer Describe how TILA and RESPA impact the closing process and disclosures Summarize the financial aspects of the settlement statement in the closing Explain the purpose and mechanics of prorations and what items are prorated Define the various closing costs and taxes imposed by government jurisdictions at closing XV.
Real Estate Appraisal Summarize how real estate appraisal practice is regulated in Florida and nationally via licensure and adherence to USPAP standards Describe the role of FIRREA and the Appraisal Qualification Board in regulating appraisal practice in federally-related transactions Define the various types of value that affect real estate practice Explain the mechanics and key characteristics of the economic principles of highest and best use, contribution, progression, substitution and anticipation List the basic steps in the appraisal process Explain the essential steps in the sales comparison approach, the cost approach, and the income approach Summarize the strengths and weaknesses of the three approaches to value Explain the formulas for deriving the gross rent and gross income multipliers Describe how to prepare a CMA and highlight the keys to making a more accurate CMA XVII.
Planning, Zoning and Environmental Hazards List the various goals of public and private land use control Describe the general purposes and process of public planning from master planning to zones, codes, and permits Identify the general considerations underlying how a municipality handles community growth and infrastructure support Describe the purpose of the Florida Growth Policy Act and Florida Community Planning Act Describe what areas the master plan attempts to regulate and optimize, e.
0コメント