You will need to take two courses in real estate in order to become a licensed Arizona real estate agent. The first one, a 90-hour course, covers the basics of real estate law and general practices, as well as Arizona-specific laws. You will also need to attend a six-hour course in contract writing principles. While you are required to complete both courses, it is not sufficient to pass the real-estate exam. Students often struggle to understand the math principles within 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 on real estate law and ethics. The course is broken into 45 two-hour sections and has a proctored final exam. You must score at least seventy-five per cent to pass the exam. The exam is taken at a school of real estate or at a testing centre where you will be required to make travel arrangements. You will receive a certificate after you have completed the course.
There are many courses online to choose. Pre-licensing education in Arizona is made easy by the PrepAgent program. It includes a series e-books as well audio lessons and videos, practice tests, and video presentations. PrepAgent offers a 20% discount for Fit Small Business subscribers. You can find a course at any traditional school or you can take an online course.
Exam
If you want to become a licensed real estate agent in Arizona, you must pass the state real estate license exam. The 150 multiple-choice question portion of the exam is required. It takes a minimum of three hours to complete. Afterwards, you must apply for your license and submit required documents to the ADRE. You must obtain a Arizona Department of Public Safety fingerprint clearance certificate within one year of passing your exam.
There are many preparation methods for the Arizona real estate licensing exam. Pearson VUE is the official administrator for this exam. Practice tests are a great way of determining what you should be focusing on. To familiarize yourself with the test questions, you can also take a practice exam. You can prepare for the exam by taking online video courses. This is the best way to study for the exam. You should make sure you select a test prep course that covers the material you will be tested on.
Fees
To renew an Arizona real estate license, you will need 24 hours of renewal credit. This must include 18 hours in six required classes. The Arizona Real Estate Commission can approve the remaining 24 hours. It is not possible to duplicate the course number or type. The license expiration date is 90 days before renewal is allowed. 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. Membership in these associations will likely qualify as a tax break, but can be a significant expense for many Realtors. It depends on the number of associations you belong too - it could be costly to join more than one. Arizona allows you to be a member or multiple associations.
Photo ID of the residence
An applicant must show proof of residency in order to apply for an Arizona real estate license. This usually includes proof of residency, copy of a social safety card or immigration paperwork. This step can be skipped by applicants from out of state, but they still must provide proof to support their claim and a fingerprint card. Because fingerprint clearance cards can take 8-10 weeks to arrive, applicants should allow ample time.
To get an Arizona real estate license, you must take a 96-hour course that covers the state's real estate laws, policies, and procedures. This course can either be taken online or in person. The course can be completed in one to three months. Once the course is completed, you must wait at most one year before you apply to sell real property. You must apply if you are 18 years or older. If you are a minor, you may not be able to obtain a license in Arizona.
FAQ
Is it possible to get a second mortgage?
However, it is advisable to seek professional advice before deciding whether to get one. A second mortgage is often used to consolidate existing loans or to finance home improvement projects.
What are the top three factors in buying a home?
The three most important things when buying any kind of home are size, price, or location. The location refers to the place you would like to live. Price is the price you're willing pay for the property. Size refers to the space that you need.
How much money should I save before buying a house?
It all depends on how long your plan to stay there. It is important to start saving as soon as you can if you intend to stay there for more than five years. But if you are planning to move after just two years, then you don't have to worry too much about it.
Statistics
- It's possible to get approved for an FHA loan with a credit score as low as 580 and a down payment of 3.5% or a credit score as low as 500 and a 10% down payment.5 Specialty mortgage loans are loans that don't fit into the conventional or FHA loan categories. (investopedia.com)
- When it came to buying a home in 2015, experts predicted that mortgage rates would surpass five percent, yet interest rates remained below four percent. (fortunebuilders.com)
- Private mortgage insurance may be required for conventional loans when the borrower puts less than 20% down.4 FHA loans are mortgage loans issued by private lenders and backed by the federal government. (investopedia.com)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.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)
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How To
How to Find Houses To Rent
For people looking to move, finding houses to rent is a common task. But finding the right house can take some time. When you are looking for a home, many factors will affect your decision-making process. These factors include the location, size, number and amenities of the rooms, as well as price range.
We recommend you begin looking for properties as soon as possible to ensure you get the best deal. Consider asking family, friends, landlords, agents and property managers for their recommendations. This will give you a lot of options.