To become a licensed real estate agent in Arizona, you will need to complete two real estate courses. The first, a 90-hour course that covers both general and Arizona-specific real estate laws, is a 90-hour long course. Additionally, you will need a six-hour class on contract writing principles. While you are required to complete both courses, it is not sufficient to pass the real-estate exam. Students often have difficulty understanding the math principles during the 90-hour course. It's therefore imperative to spend time studying the material, so that you feel confident in your ability to pass the exam.
Pre-licensing education
You will need to complete 90 hours of education before you can get your Arizona real-estate license. This course includes lessons in real estate law as well as ethics. The course is broken into 45 two-hour sections and has a proctored final exam. The test must be passed with a minimum score of seventy five percent. The test is held at a real estate school or a testing center where you are required to make travel arrangements. After passing the course you will be given a certificate of completion.
There are many online programs to choose. Pre-licensing education in Arizona is made easy by the PrepAgent program. It offers a variety of e-books and practice tests as well as audio lessons and video presentations. PrepAgent gives Fit Small Business readers a 20% discount. Online courses or at traditional schools are also available.
Exam
To become a licensed Arizona real estate agent, you will need to pass the state licensing exam. The exam consists of 150 multiple choice questions. It takes a minimum of three hours to complete. Then, you need to apply for your license. You must obtain a Arizona Department of Public Safety fingerprint clearance certificate within one year of passing your exam.
There are many ways you can prepare for the Arizona realty license exam. Pearson VUE, the official administrator of exam, is it. To find out which areas of the exam you need to concentrate on, practice tests can be helpful. To familiarize yourself with the test questions, you can also take a practice exam. Many online video preparation courses can be helpful. This is the best and most efficient way to prepare for the exam. Make sure that you choose a test prep course that teaches you the material you'll be tested on.
Fees
Arizona license renewal requires 24 hours worth of renewal credit. The credits must include 18 hour in six required classes. The Arizona Real Estate Commission will approve 24 hours of the remaining credit. You can't duplicate the course number or type. 90 days notice is required to renew a license. To renew a license, it costs $50. You must complete all requirements.
To be eligible for the license fee, you'll also need to pay membership dues. While these associations can likely be counted as a tax exemption, many Realtors will find it a substantial expense. It also depends on how many associations you belong to - if you're part of more than one, the cost can be substantial. Arizona allows you to belong to multiple associations.
You must provide proof of residency
An applicant must show proof of residency in order to apply for an Arizona real estate license. This is typically immigration paperwork, a copy of a social security card, or proof of education. While an applicant from outside the country can skip this step they will still need to submit proof of education as well as a fingerprint clearance card. Fingerprint clearance cards can take eight to 10 weeks to receive, so applicants should allow ample time to complete this step.
The 96-hour course covers Arizona's realty laws policies and procedures. This course can be taken online or in a classroom. The course may take one to three month. The course must be completed within one year. After that, you can apply to buy real estate. To apply, you must be 18 years of age. You may not be eligible to apply for a license in Arizona if you are a minor.
FAQ
How many times do I have to refinance my loan?
This is dependent on whether the mortgage broker or another lender you use to refinance. In both cases, you can usually refinance every five years.
What should you look for in an agent who is a mortgage lender?
A mortgage broker is someone who helps people who are not eligible for traditional loans. They compare deals from different lenders in order to find the best deal for their clients. This service may be charged by some brokers. Other brokers offer no-cost services.
How much money will I get for my home?
It all depends on several factors, including the condition of your home as well as how long it has been listed on the market. The average selling price for a home in the US is $203,000, according to Zillow.com. This
How can I eliminate termites & other insects?
Termites and many other pests can cause serious damage to your home. They can cause damage to wooden structures such as furniture and decks. To prevent this from happening, make sure to hire a professional pest control company to inspect your home regularly.
Statistics
- The FHA sets its desirable debt-to-income ratio at 43%. (fortunebuilders.com)
- Based on your credit scores and other financial details, your lender offers you a 3.5% interest rate on loan. (investopedia.com)
- This seems to be a more popular trend as the U.S. Census Bureau reports the homeownership rate was around 65% last year. (fortunebuilders.com)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
External Links
How To
How to Locate Real Estate Agents
Agents play an important role in the real-estate market. They help people find homes, manage their properties and provide legal advice. Experience in the field, knowledge of the area, and communication skills will make a great real estate agent. To find a qualified professional, you should look at online reviews and ask friends and family for recommendations. Consider hiring a local agent who is experienced in your area.
Realtors work with residential property sellers and buyers. The job of a realtor is to assist clients in buying or selling their homes. Realtors assist clients in finding the perfect house. A majority of realtors charge a commission fee depending on the property's sale price. Unless the transaction closes, however, some realtors charge no fee.
The National Association of Realtors(r), (NAR), has several types of licensed realtors. To become a member of NAR, licensed realtors must pass a test. A course must be completed and a test taken to become certified realtors. NAR designates accredited realtors as professionals who meet specific standards.