Two real estate courses are required in order to be licensed as an 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. A six-hour course on contract writing principles will be required. You will need to complete both courses. However, passing the first course is not enough to pass your 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 on real estate law and ethics. It is divided into 45 2-hour segments and requires a final exam that is proctored. The test must be passed with a minimum score of seventy five percent. The test will be held at either a real estate school, or a testing center. You are required to arrange travel. After passing the course you will be given a certificate of completion.
There are many online courses available. Pre-licensing education in Arizona is made easy by the PrepAgent program. The course includes audio lessons, practice tests and videos. PrepAgent provides a 20% discount for Fit Small Business customers. You can also take a course in a traditional school, or online.
Exam
You must pass the Arizona state real estate licensing exam to be a licensed agent. 150 multiple-choice exam questions are included in the examination. The entire process takes at most three hours. Afterwards, you must apply for your license and submit required documents to the ADRE. The state requires that you apply for your license and submit required documents to the ADRE within one calendar year of passing the exam.
There are many options for preparing for the Arizona real property license exam. Pearson VUE is the official administrator of this exam. You can take practice tests to help you identify the areas that need your attention. A practice test is also available to help you get used to answering the questions. There are plenty of online video prep courses that can help you prepare. This is the best method 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
Renewing an Arizona real estate license requires 24 hours of renewal credit, which must include 18 hours in 6 required classes. The Arizona Real Estate Commission can approve the remaining 24 hours. It is not possible to duplicate the course number or type. You can renew your license within 90 days. You can renew your license for $50 by fulfilling all requirements.
You must also pay the licensing fee and membership fees to the state or local real estate boards. While membership in these associations is likely to be tax-deductible, it can also prove costly for many Realtors. It also depends on how many associations you belong to - if you're part of more than one, the cost can be substantial. You can join multiple associations in Arizona. This includes the state real estate boards.
Evidence of residence
To be eligible to apply for an Arizona license as a real estate agent, an applicant must show proof that they are a resident of Arizona. This typically includes documentation from immigration, a copy a social security card, and proof of education. An out-of-state applicant can skip this step, but they must still submit proof of education and fingerprint clearance card. Because fingerprint clearance cards can take 8-10 weeks to arrive, applicants should allow ample time.
To obtain an Arizona real-estate license, you will need to complete a 96 hour course that covers Arizona's realty laws, policies, regulations, and procedures. You can take this course online or in a classroom. The course can take between one and three months. After completing the course, you must wait at least one year before applying to sell real estate. You must be at minimum 18 years to apply. Arizona licenses may not be available to minors.
FAQ
What is the average time it takes to sell my house?
It all depends upon many factors. These include the condition of the home, whether there are any similar homes on the market, the general demand for homes in the area, and the conditions of the local housing markets. It may take up to 7 days, 90 days or more depending upon these factors.
How do I fix my roof
Roofs can burst due to weather, age, wear and neglect. Repairs and replacements of minor nature can be made by roofing contractors. For more information, please contact us.
How long does it usually take to get your mortgage approved?
It all depends on your credit score, income level, and type of loan. It takes approximately 30 days to get a mortgage approved.
What are the top three factors in buying a home?
Location, price and size are the three most important aspects to consider when purchasing any type of home. It refers specifically to where you wish to live. Price refers how much you're willing or able to pay to purchase the property. Size refers to the space that you need.
How many times may I refinance my home mortgage?
It all depends on whether your mortgage broker or another lender is involved in the refinance. You can typically refinance once every five year in either case.
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)
- 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)
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
- Based on your credit scores and other financial details, your lender offers you a 3.5% interest rate on loan. (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)
External Links
How To
How do you find an apartment?
When you move to a city, finding an apartment is the first thing that you should do. This involves planning and research. It involves research and planning, as well as researching neighborhoods and reading reviews. Although there are many ways to do it, some are easier than others. These are the steps to follow before you rent an apartment.
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Data can be collected offline or online for research into neighborhoods. Online resources include Yelp. Zillow. Trulia. Realtor.com. Local newspapers, real estate agents and landlords are all offline sources.
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Find out what other people think about the area. Yelp. TripAdvisor. Amazon.com all have detailed reviews on houses and apartments. You can also check out the local library and read articles in local newspapers.
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For more information, make phone calls and speak with people who have lived in the area. Ask them about what they liked or didn't like about the area. Ask if they have any suggestions for great places to live.
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Take into account the rent prices in areas you are interested in. If you think you'll spend most of your money on food, consider renting somewhere cheaper. On the other hand, if you plan on spending a lot of money on entertainment, consider living in a more expensive location.
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Find out more information about the apartment building you want to live in. How big is the apartment complex? How much is it worth? Is it pet-friendly? What amenities is it equipped with? Can you park near it or do you need to have parking? Do you have any special rules applicable to tenants?