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What is needed to be a wisconsin real estate broker

how much do real estate agentsmake

Discover the essential requirements and steps to become a Wisconsin real estate broker, including education, licensing, and practical experience.

Introduction

Are you considering a career as a real estate broker in Wisconsin? Look no further! In this comprehensive guide, we will walk you through the necessary steps and requirements to become a Wisconsin real estate broker. Whether you're starting from scratch or transitioning from another profession, this article will provide you with the knowledge you need to embark on this exciting journey.

What is needed to be a Wisconsin real estate broker?

To become a Wisconsin real estate broker, there are several key requirements you must fulfill. Let's dive into each of them:

  1. Education

To begin your journey, you must complete a minimum of 72 hours of pre-licensing education from an approved Wisconsin real estate school. This coursework covers essential topics such as real estate law, finance, sales, and ethics.

  1. State Exam

After completing the required education, you will need to pass the Wisconsin real estate broker exam. This exam evaluates your knowledge of real estate principles and practices specific to Wisconsin. It is essential to study diligently and prepare thoroughly to increase your chances of success.

  1. Experience
To apply for a Real Estate Broker license, you must satisfy the educational requirements by submitting evidence of one of the following: Complete the Board approved 6-hour education program for Brokers and 13-hour pre-license education program for Salespersons. Refer to Wis. Admin.

What does the average realtor make in Wisconsin?

On average, real estate agents make $84,459 per year according to salaries reported by Indeed users.

How long does it take to become a real estate agent in Wisconsin?

Six months to one year The time that it takes to become a practicing real estate agent depends on your pre-licensing program and the application process. Typically, it takes six months to one year to become a real estate agent in Wisconsin. If you want to become a real estate agent quickly, you may consider taking an accelerated program.

How much does it cost to get a realtor license in Wisconsin?

What are the Fixed Costs Associated With Getting Your Wisconsin Real Estate License?
DescriptionCost
State Examination Fee$ 65.00
License Fee$ 60.00
Application for Predetermination$ 68.00
TOTAL FEES$ 324.00 - $ 392.00

How do I start as a broker?

Get Your Real Estate Broker License
  1. Must be 18 years of age.
  2. Have 2 to 4 years of experience as a practicing salesperson.
  3. Must have a high school diploma.
  4. Take and pass the broker licensing exam.
  5. Complete the required broker education.
  6. Complete the broker license application and paid the mandatory licensing fees.

How do I get my real estate broker license in Wisconsin?

How to Become a Real Estate Broker in Wisconsin
  1. Step 1: Complete a Wisconsin Broker Pre-Licensing Course.
  2. Step 2: Submit a Wisconsin Broker License Application.
  3. Step 3: Pass the Wisconsin Real Estate Broker Exam.
  4. Step 4: Application Review.

How do I become a commercial real estate broker in Wisconsin?

Completion of the DSPS-approved real estate broker educational instruction within four years of broker licensure and evidence of licensure as a real estate salesperson for at least two years within the last four preceding years under the direct supervision of a licensed broker and have accumulated 40 points of ...

Frequently Asked Questions

How long does it take to get a real estate license in Wisconsin?

The time that it takes to become a practicing real estate agent depends on your pre-licensing program and the application process. Typically, it takes six months to one year to become a real estate agent in Wisconsin. If you want to become a real estate agent quickly, you may consider taking an accelerated program.

How many hours does it take to become a real estate agent in WI?

72 hours Complete 72 hours of required real estate pre-license education. Pass the state exam.

FAQ

How do I become a broker in Wisconsin?
To apply for a Real Estate Broker license, you must satisfy the educational requirements by submitting evidence of one of the following: Complete the Board approved 6-hour education program for Brokers and 13-hour pre-license education program for Salespersons. Refer to Wis. Admin.
Is the Wisconsin real estate exam hard?
If it is marked “Fail,” then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies. The passing rate for the Wisconsin Real Estate Salesperson Exam is 75%. This test is purposefully difficult, but not impossible.

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