How to Get a Real Estate License in Wisconsin

ZackUncategorized

Modern Wisconsin Real Estate

If you're considering a real estate career in Wisconsin this guide will help you understand what to do. The state offers numerous opportunities in commercial, industrial, and residential real estate, all of which can contribute to your success. The first step towards becoming a sales professional in this lucrative field is understanding the licensing requirements for obtaining a real estate license in Wisconsin. Let's delve into the licensing process in Wisconsin and how you can get started.

The Essentials for a Wisconsin Real Estate License

Here are the basic requirements to become a real estate agent in Wisconsin:

  • Be a United States resident or a legally admitted alien.
  • Be at least 18 years old.
  • Possess a high school diploma or GED.
Your Journey to a Wisconsin Real Estate License

Step 1: Complete the Pre-Licensing Course

Your first task is to complete a 72-hour pre-licensing course approved by the Board. This course will prepare you for the final exam and provide an in-depth understanding of various real estate practices, including residential, industrial, and commercial niches.

Choose between an online or in-person course offered by a community university. Be prepared to commit to this extensive and challenging education program. Once you've completed the course, you can take the final exam, which requires a passing score of 75%. You can retake the test as many times as needed. Upon passing, you'll receive a course completion certificate, which you'll need when applying for your license.

Step 2: Tackle the Wisconsin Real Estate Exam

Now, it's time to schedule your licensing exam through PearsonVUE Wisconsin Real Estate Site or by calling (888) 204-6284. The exam fee is $65, payable by debit or credit card when making your reservation. Don't forget to check out the Candidate Handbook for helpful information about the exam.

You can take the exam in person at a testing center throughout Wisconsin or online with a virtual proctor. The exam consists of 140 questions, with a 4-hour time limit, divided as follows:

  • National section: 100 questions with a 150-minute time allotment.
  • State section: 40 questions with a 90-minute time allotment.

Study diligently to increase your chances of passing on your first attempt. Aim for a passing score of 75% and make sure to arrive early on exam day to avoid being turned away from the test center.

Upon completing the computer-based exam, you'll receive your results immediately. If you pass, you'll get instructions on applying for your Wisconsin real estate license. If you don't pass, use the provided numeric score and breakdown of your results to guide your studies for your next attempt.

Step 3: Find Your Sponsoring Broker

Partnering with a sponsoring broker is a must in Wisconsin. Your broker will train and support you as you begin your real estate career. Search online for sponsoring brokers hiring entry-level professionals and choose one that aligns with your career goals and preferred real estate specialty.

Step 4: Apply for Your Real Estate License

After securing a sponsoring broker, it's time to apply for your real estate license. This license allows you to conduct real estate transactions like buying, selling, and renting properties. Complete and submit the application form to the Department of Safety & Professional Services before your exam score expires after 12 months. Ensure your form includes your broker's certification, or your application could be denied.

Include the following in your application:

  • Proof of passing the salesperson exam.
  • $75 Initial Credentialing Fee, payable to the Department of Safety and Professional Services.
  • Copy of the 72-hour course completion certificate from a Board-approved institution.

Send your application to:

Wisconsin Department of Safety & Professional Services
P.O. Box 8935
Madison, WI 53708-8935

Expect the review process to take 5 to 10 business days. You'll then receive your Wisconsin real estate license from the Department of Safety and Professional Services.

The Cost of a Wisconsin Real Estate License

While there's no standard cost for obtaining a real estate license in Wisconsin, here's a rough estimate:

  • All Wisconsin fees: $150
  • Pre-licensing education: $349-$629
  • Total estimated cost: $500-$780
The Timeline for Acquiring a Real Estate License in Wisconsin

Several factors influence how long it takes to get a real estate license in Wisconsin, including:

  • Whether you take part-time or full-time classes.
  • Whether you pass the licensing exam on your first attempt.
  • Your level of commitment to the licensing process.

With dedication, you can obtain your license in approximately 3 months.

The Earnings Potential of Real Estate Agents in Wisconsin

Real estate is thriving in Wisconsin, leading to higher earnings for agents. Since there's no cap on your income, the more sales you complete, the more money you'll make.

On average, real estate agents in Wisconsin earn $105,308 per year. However, individual earnings vary depending on factors like experience, education, employment setting, and property niche.

If you want to see some examples of questions that will be on the actual real estate exam, check out our free real estate practice exam. We have been named as the best real estate exam practice for 7 years in a row!

If you need to get your required educational hours done, check out our partners for online real estate education that can be done at your own pace from home or where ever you have internet access.

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