Are you interested in learning about Virginia real estate license requirements? We completely understand why. Those who are at least 18 years old and have a high school diploma or a GED can begin working in Virginia real estate in a matter of months!
Want to learn how to earn your Virginia real estate license? We’ll discuss the time commitment, costs involved, and then answer frequently asked questions about getting started in the profession.
How to Earn Your Virginia Real Estate License in 7 Easy Steps
Step 1: Choose a Virginia Real Estate School & Sign Up for Classes
Step 2: Complete Your Virginia Real Estate Prelicensing Classes
Step 3: Schedule Your Virginia Real Estate Exam
Step 4: Take the Virginia Real Estate Agent Exam
Step 5: Get Fingerprinted & Go Through a Background Check
Step 6: Fill Out & Submit Your License Application
Step 7: Find a Broker to Hire You
How Much Does It Cost to Get a Virginia Real Estate License?
It costs around $580 to get your Virginia real estate license. Some of these costs are set, such as the application, exam, and fingerprint fees. The coursework costs, on the other hand, can vary greatly.
Live, in-person classes may cost around $550, but some online schools may be as inexpensive as $169. It would be prudent to look for discount codes that some real estate schools offer before signing up for classes.
Virginia Real Estate License Costs
|Prelicensing Classes (60 Hours)||$169 (Real Estate Express)|
|Exam Prep Materials||$129 (Mbition)|
|Virginia Real Estate License Exam Fee||$60|
How to Get a Virginia Real Estate License in 7 Easy Steps
Becoming a real estate agent in Virginia is as easy as taking courses, passing a test, and filling out an application. Here are the details to guide you in the process.
1. Choose a Virginia Real Estate School & Sign Up for Classes
Consult the Virginia Real Estate Board’s website to find a list of approved real estate schools. We know that this lengthy list may overwhelm you, which is why we have a few suggestions on how to pick one.
If you’re looking for a budget-friendly online school, consider Real Estate Express. They’re known for providing highly visual and affordable prelicensing courses. Readers of The Close can save 25% using the promo code TheClose25, making their courses even more affordable.
Real Estate Express offers online real estate courses, but you may feel more comfortable taking in-person classes in a traditional classroom or those held live over the net. Live courses are great options for those who need to have scheduled, structured study time in an interactive environment.
[Related Article: Real Estate Express Review + Video Walkthrough]
For a live classroom that covers the Virginia real estate license requirements, consider Moseley Real Estate Schools. The materials will be brought to life by your certified instructor. Classes are held in real estate offices all over the state.
2. Complete Your Virginia Real Estate Prelicensing Classes
The state of Virginia requires that you take 60 hours of prelicensing classes before sitting for the licensing exam. You’ll learn the legal and financial aspects of buying and selling real estate.
Once you’ve completed your coursework, you’ll need to prepare for the Virginia real estate agent exam. While your real estate school may have provided you with study materials, you may consider beefing up your knowledge with an exam prep package through Mbition.
For only $129, you’ll have access to an adaptive, personalized learning tool that’ll help you study for both the national and state sections of the exam. Mbition’s program also includes handy flashcards and MathMaster, a skill-building strategy that will help you ensure success on the state exam.
3. Schedule Your Virginia Real Estate Exam
Once you’ve completed the 60 hours of coursework, your real estate school will notify the testing company, PSI. Once PSI has received the appropriate paperwork from your real estate school, you’ll be eligible to schedule the exam.
The Virginia real estate testing centers are located in Alexandria, Ashburn, Charlottesville, Harrisonburg, Norfolk, Richmond, Roanoke, Vienna, and Virginia Beach.
Visit PSI’s website to schedule your test. When you create your account with PSI, make sure the name you use exactly matches the name you gave to the real estate school (and the name on your government-issued IDs). After selecting your location and date of the test, you’ll pay the $60 exam fee.
4. Take the Virginia Real Estate Agent Exam
The exam is administered in two sections.
Breakdown of the Virginia Real Estate Agent Exam
|National Part of the Exam||80 questions||105 minutes|
|State of Virginia Part of the Exam||40 questions||45 minutes|
|Total||120 questions||150 minutes|
Arrive 30 minutes before your scheduled exam time. It will take time for the test proctor to check your IDs and fingerprint you before taking the test. If you arrive late, you won’t be able to take the test, and you’ll forfeit the exam fee.
You must show two forms of ID at the PSI testing facility:
- A valid, government-issued ID that has your signature and photograph
- A valid ID that has your signature and preprinted name
Your score report will immediately appear on the screen when you complete the exam. Passing grades are 56/80 on the national portion and 30/40 on the state portion, meaning you’ll need to answer 56 and 30 questions correctly in each section.
Don’t lose heart if you don’t pass. You’ll receive an immediate diagnostic report indicating your strengths and weaknesses, which will help you study for a retake.
5. Get Fingerprinted & Go Through a Background Check
Congrats! The hard part is over, and now all you need to do is wait for the wheels of bureaucracy to turn.
The next step is to be electronically fingerprinted at a PSI testing center. There’s no need to make an appointment—fingerprinting is done on a first-come, first-served basis and costs $52.
6. Fill Out & Submit Your License Application
The easiest way to submit your Virginia real estate license application is to create an online account and complete, send, and pay for your application online. The application fee is $170.
Be aware that you need to submit your license application to the state within 45 days of getting fingerprinted. If they don’t receive your license application during that time frame, you’ll have to pay to be fingerprinted again.
7. Find a Broker to Hire You
Begin your search for a job by visiting the big-name real estate agencies with offices in your area. They often have tools and strategies for assisting a beginning real estate agent. But don’t ignore the smaller brokerages in your area, as they may be able to offer you more one-on-one guidance as you learn to navigate your new profession.
To help guide your decision on which brokerages to consider, consult The Best Real Estate Company to Work for in 2021.
How to Get a Real Estate License in Virginia: FAQs
We know you’re excited to sell your first house in Alexandria, and you can’t wait to help a couple find their dream home in Richmond. Here are answers to some other questions you may have about becoming a real estate agent.
How much does a realtor make in Virginia?
According to Indeed, real estate agents make an average of $85,356 per year. It’s important to remember that real estate agents are only paid when they earn a commission after a sale.
How long does it take to get a real estate license in Virginia?
It takes between three and four months to earn a real estate license in Virginia. You’ll spend the bulk of that time completing 60 hours of prelicensing coursework. It will also take several weeks for the board to approve your application.
How many times can you take the Virginia real estate exam?
You can take the Virginia real estate exam as many times as you need. Please note that you’ll need to pay the $60 exam fee every time you take the test.
If you don’t pass the test the first time, consider purchasing exam studying materials from Mbition.
Is it hard to get your real estate license in Virginia?
The Virginia real estate license requirements aren’t difficult. You are only required to have a high school education before you begin taking your prelicensing classes. With that said, here are the topics you’ll cover in your real estate courses:
- Property ownership
- Land use controls and regulations
- Valuation and market analysis
- General principles of agency
- Property disclosures
- Leasing and property management
- Transfer of title
- The practice of real estate
- Real estate calculations
- Virginia licensing
- Disclosure requirements
- Agency definitions and relationships
- Virginia Fair Housing Law and Regulations
- Specific acts related to real estate practice
We know these topics sound heavy-hitting, but you need to know this information to ensure your client’s sale of her Virginia Beach house goes off without a hitch.
Do realtors make a base salary?
No, real estate agents in Virginia do not earn a salary. They work entirely on commission. That’s one reason you must understand the terms of your contract with the brokerage that hires you.
- Split: Your commission split, or how you’ll divide the commissions earned between you and your broker, is a point of negotiation. Some brokerages will ask for an even 50/50 split on commissions.
- Desk fee: You may be charged a monthly desk fee from some brokerages. This fee is collected whether you earn a commission that month or not.
- Cap: A cap is the maximum amount that the real estate brokerage will take from the commissions you’ve earned throughout the calendar year. Everything that you make above that cap is yours to keep.
Beginning agents often wonder if it would be better to keep their day jobs and only work in real estate part time or devote themselves full time to their new careers.
Of course, everyone’s financial situation and obligations are different, but to guide you in your decision, read How to Become a Successful Part-Time Real Estate Agent.
Bringing It All Together
Looking for even more information about how to earn your real estate license in Virginia? Check out our ultimate guide to getting a real estate license.
Also, we know it’s helpful to have a sounding board and support team whenever you start something new. Join our Facebook group, The Close Real Estate Agents Mastermind, to get advice and tips from seasoned agents about starting your real estate career.