In order to become licensed as a broker in Pennsylvania, a real estate licensee must meet both education and experience requirements.
- Two credits (30 hours) in Real Estate Office Management
- Two credits (30 hours) in Real Estate Law
Required– Six credits (90 hours) each in at least three of the following two-credit courses:
- Valuation of Income Producing Property
- Valuation of Residential Property
- Non-Residential Property Management
- Residential Property Management
- Real Estate Finance
- Real Estate Investment
- Real Estate Construction
- Real Estate Sales
The remaining six (6) credits (90 hours) may be taken in any elective topic approved for broker credit by the Pennsylvania Real Estate Commission. Education credits received for broker licensure are valid for ten (10) years from the date taken.
A total of 16 credits or 240 hours is required to be eligible to sit for the Broker’s Exam. One credit is equivalent to 15 hours. All courses are a minimum of two credits or 30 hours. A maximum of four (4) credits (60 hours) is allowed per course and/or area of real estate study. Applicants must also complete and document a minimum of three years of real estate experience. – Licensed Applicants must demonstrate their experience by documenting 200 points using the following point system:
1.) Sale (Commercial or Residential) 5 points
2.) Exclusive listing which sold (Commercial or Residential) 5 points
3.) Unsold exclusive listing (Commercial or Residential) 1 point
4.) Lease (Commercial) 5 points
5.) Lease (Residential) 1 point
6.) Property Management Assistance (Commercial or Residential) 6 points/per month
(Points are only awarded for full-time employment wherein no other points can be earned.) For additional information on Broker Applicant requirements, please visit the PA State Real Estate Commission website at: www.dos.state.pa.us/estate
Once a broker candidate has successfully completed the education and experience requirements, they are eligible to sit for the Pennsylvania Broker License Exam. To sit for the exam,
- Complete and mail the Broker Examination Eligibility Application, to the State Real Estate Commission. The cost is $40.
- The Real Estate Commission will contact you with the approval, and send the instructions for taking the state exam. This exam is administered by PSI Examination Services. For more information, click here.
- Once you pass the state exam, PSI will give you the required forms to submit to the Real Estate Commission to obtain your license.
Real Estate Investment – (Required Elective) October 20, 25, 27, November 1 & 3, 2017 from 9:00-3:30 p.m. Instructor Mike Perry. Course covers Real Estate Fundamentals, Forms of Ownership, Taxation, Financing, Mathematical Concepts and Cash Flow Analysis and Projections. Approved for 2 broker credits and 30 hours of PA Real Estate Continuing Education for the 2016-2018 cycle. Cost is $350. Includes lunch every day. To register call 364-3205, or go to www.ghar.info, under the “Members Only.”
Real Estate Law – (Required Broker Course) November 8, 10, 13, & 15, 2017 from 8:30 a.m.-4:30 p.m. Instructor: Brett Woodburn, Esquire This is a required course for broker licensure candidates. Topics covered will include: introduction to real property, contract law, the real estate transaction, leases, law and the real estate licensee, counsel of attorney and much more. Approved for 2 broker credits and 30 hours of PA Real Estate Continuing Education for the 2016-2018 cycle. Cost is $350, plus text book, $50. Includes lunch every day. To register call 364-3205.
Valuation of Residential Property “Appraisal 101″ – (Required Broker Elective) November 20, 21, 27 & 28, 2017 from 8:30 a.m.-4:30 p.m. Instructor Melanie McLane, ABR, CDEI, CRB, CRS, ePRO, GREEN, GRI, RAA, RSPS, SRES, SRS. Course will introduce basics of real estate appraisal to candidates for the broker’s license in PA. Topic areas covered will include: Introduction to Valuation, Market Identification and Market Forces, Principals of Real Property Valuation, Neighborhood Analysis, Site Analysis, Building Analysis, Direct Sales Comparison Approach and much more. Approved for 2 broker credits and 30 hours of PA Real Estate Continuing Education for the 2016-2018 cycle. Cost is $350. Includes lunch every day. To register call 364-3205, or go to www.ghar.info, under the “Members Only.”
Senior Real Estate Specialist (SRES)
Thursday and Friday, December 14 & 15, 2017 from 8:30 a.m. – 4:30 p.m.
Instructor: Pat Moyer, ABR, CRS, ePRO, GREEN, GRI, SFR, SRES, SRSGHRI is offering the SRES Designation Course. The SRES Designation Course helps real estate professionals develop the business-building skills and resources for specialization in the 50+ real estate market by expanding knowledge of how life stages impact real estate choices, connecting to a network of resources, and fostering empathy with clients and customers. This designation course is approved for 1 Broker credit and 15 Hours PA Real Estate CE for the 2016-2018 cycle. Core course for the SRES Designation. ABR elective course. Cost is $299. Includes lunch every day.