How much does it cost to take real estate exam in Virginia?

The state application fee for a Virginia real estate salesperson is $170 and $210 for qualifying broker candidates. The exam fee is around $60, paid to PSI who administers the exam. Pre-Licensing coursework tuition varies from around $300 to $700 depending on the course package and school.

Can I take the Virginia real estate exam online?

Schedule the Virginia state real estate salesperson licensing exam via PSI Exams Online, here. Upon successful course completion, candidates are eligible to take the PSI Exam. Note: A digital photo of the candidate is required to take the PSI exam.

What is the passing score for Virginia real estate exam?

To pass, you must correctly answer at least 56 questions from the national portion and 30 for the state portion. The broker exam consists of 80 national questions and 50 state-specific questions. To pass, you must correctly answer at least 60 questions from the national portion and 38 for the state portion.

IT IS IMPORTANT:  How much should you spend on a rental property?

How do I take the real estate exam in Virginia?

Hold a high school diploma or its equivalent.

  1. Complete 60 hours of approved Pre-Licensing education. …
  2. Pass the course final exam. …
  3. Pass the Virginia real estate salesperson exam. …
  4. Complete fingerprint requirement. …
  5. Select a sponsoring broker. …
  6. Complete the application.

How many times can you take the real estate exam in Virginia?

​You can take the Virginia state licensing exam as many times as needed until you pass. You simply have to schedule a new exam attempt through PSI and pay the $60 exam fee for each attempt.

Is the Virginia real estate exam hard?

The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.

How much does it cost to take the real estate license test?

Real estate examination and licensing fees

Your real estate license application fee will generally cost around $25. You will also have to pay for fingerprinting and a background check. These will cost about $100 altogether. The actual state exam fee will vary, but it is generally less than $50.

Is Virginia real estate exam open book?

The Virginia Real Estate Broker exams are taken on computers. You will receive your results immediately after finishing the exam. The exam is closed book.

Can I use a calculator on the Virginia real estate exam?

​It is recommended that you bring a calculator to the Virginia state licensing exam; however, only non-programmable calculators that are silent, battery-operated, do not have a paper tape printing capabilities, and do not have a keyboard are allowed in the exam room.

IT IS IMPORTANT:  Are commercial real estate prices negotiable?

How much do Realtors make in VA?

According to the Bureau of Labor Statistics, Virginia real estate agents earn an annual mean wage of $66,230. This is especially impressive when you consider than most states fall in the $41,000 – $57,450 range as shown in the chart below. And that’s just the average, which skews low because of two key factors.

How many questions is the Virginia real estate exam?

The salesperson exam is made up of 120 multiple-choice questions total. This includes 40 state-specific questions and 80 questions on national topics. Expect to see questions about the principles, practices, regulations, and statutes of real estate. You have 150 minutes total to complete the exam.

What state has the hardest real estate exam?

Colorado is regarded as the hardest state since agents need to cover 160 hours of education, pass two tests, pass a background check, and be fingerprinted. In contrast, most other states require less than 100 education hours, with the majority falling with the 40-hour requirement.

How many questions can you miss on the VA real estate exam?

The California state real estate salespersons exam consists of 150 multiple-choice questions with a 3-hour time limit. You must answer at least 70% (105 questions) of the questions correctly in order to pass the exam.

How long does a Virginia real estate license last?

All Virginia Real Estate Salesperson Licenses–including those issued to new licensees–are valid for two years. Although New Salespersons must complete Post-License Education within one year of initial licensure to remain on active status, their license term is for two years.

IT IS IMPORTANT:  Can I get a pension if I have an investment property?

How many math questions are on the Virginia real estate exam?

It’s hard to give you an exact number since every state varies. However, on average, our data suggest that anywhere between 5 to 20 math questions are on each state’s real estate exam.