- To earn a Pennsylvania real estate broker license, 16 credits (240 hours) of education must be completed in order to sit for the broker exam.
– Education credits must meet specific criteria as outlined by the Real Estate Commission. View Education Details
– In addition to the education requirement, you must be licensed as a salesperson for three years and have 200 points in experience. View Experience Details
- With each broker course attended at Schlicher-Kratz Institute, students will receive their personal broker course history for review. Our experienced staff can guide you through the course selection process and ensure that all education requirements are being met.
- As a thank you to our broker candidates who complete all 16 credits with us, we provide our License Review Prep Course free of charge. This class provides a plan for preparing for the state exam.
EDUCATION DETAILS OF BROKER REQUIREMENTS:
The education requirement for all applicants is 16 Credits or 240 hours of instruction. Please note that 1 credit is equivalent to 15 hours. The Commission will apply the following standards in determining whether an applicant has met the requirements.
1. All education must be obtained at:
A. An accredited college or university;
B. A Commission-approved Pennsylvania real estate school; OR,
C. A real estate school, approved by the real estate licensing authority of the jurisdiction where the school is located.
2. An applicant who has obtained a bachelor’s or master’s degree with a major in real estate or a Juris Doctor degree will be deemed to have met the requirements.
3. All other applicants must obtain at least 2 credits in the Commission-developed Real Estate Office Management course (Schlicher-Kratz offers Real Estate Brokerage and Office Management I or II course) and at least 2 credits in the Commission-developed Real Estate Law (Schlicher Kratz offers a Real Estate Law course that is 3 credits). At least 6 additional credits shall be in 3 or more of the Commission-developed courses (also called Prescribed courses) listed in this paragraph and the remaining 6 credits in real estate courses, Commission-developed or Elective Category.
A. The Commission-developed courses are:
1. Valuation of Income-Producing Property
2. Valuation of Residential Property
3. Non-Residential Property Management
4. Residential Property Management
5. Real Estate Finance
6. Real Estate Investment
7. Real Estate Construction
8. Real Estate Sales
B. Credit will not be allowed for courses used to qualify for the salesperson examination.
C. A maximum of four (4) credits will be allowed for each course and/or area of real estate study.
D. Two (2) credits will be allowed for each full year of active practice that the applicant has had as a licensed real estate broker in another jurisdiction. To obtain credits for active broker experience, submit a certificate of licensure from the real estate licensing authority of that jurisdiction, issued within the past thirty (30) days, along with a notarized statement fromt he applicant indicating specific dates of active practice.
Summary of Education Requirements:
- Broker course credits are good for 10 years. Therefore, applicants must take the Broker’s Exam within 10 years of completing the first course or the first course credit expires.
- A total of 16 credits are required: at least 10 credits must be in the Commission-developed Categories. Real Estate Law and a Real Estate Office Management course are required.
- Credits must be from 5 different areas of study
- No more than 4 credits are allowed from any one area of study.
1. An applicant must document a MINIMUM of three (3) years of real estate experience. 2. An Applicant must acquire 200 points in order to qualify for the real estate broker licensing examination. Points will be acquired based upon the following system:
1. Sale………………………………….. 5 points
2. Exclusive listing which sold……… 5 points
3. Unsold exclusive listing…………… 1 point
4. Lease………………………………… 5 points
5. Sale……………………………………5 points
6. Exclusive Listing which sold……… 5 points
7. Unsold exclusive listing…………… 1 point
8. Lease………………………………….1 point
3. Property Management Assistance: For each month of full-time employment in property management assistance, an applicant will be granted six (6) points. A month of full-time employment is defined as a month in which the applicant devoted his/her full time to performing in this capacity and which the applicant did not perform or earn points for any other real estate activity.
4. An applicant who is not a licensed salesperson may be considered to have fulfilled the requirement if the applicant has three (3) years experience that is the equivalent to three (3) years experience as a licensed salesperson. This experience cannot be in activity that was performed in violation of the Real Estate Licensing and Registration Act or the Commission’s Rules and Regulations. Each applicant’s qualifications will be individually evaluated based upon his/her documented activities.
Applicants who may qualify under this section may include, but not be limited to, attorneys, builder-developers, and government employees.
An applicant who offers experience as an attorney in fulfillment of the requirement should have experience beyond such typical real estate-related legal services as preparing deeds, contracts and leases; performing title searches; representing principals at settlement; and conducting settlements. Relevant experience would include, but not be limited to, counseling in real estate issues or areas where the advice is not primarily legal in scope; selling, purchasing or managing real estate, whether for personal use or not; and actively participating in negotiations – other than for legal issues – regarding the sale, purchase or sale of real estate.
5. An applicant who possesses a real estate broker’s license in another jurisdiction that has been active for at least three (3) full years prior to submission of a properly completed license application is deemed to have fulfilled this experience requirement provided he/she has submitted a notarized statement indicating the specific dates of active practice and a certification of licensure from the real estate licensing authority of that jurisdiction which indicates active licensure of at least three (3) full years.
The Pennsylvania Real Estate Commission has established the requirements to qualify for a real estate broker license. The following is intended only as a summary of those requirements and is subject to change by the Commission. Candidates for licensing are advised to contact the Commission for complete details.
I. All real estate broker candidate qualifications MUST be submitted to the State Real Estate Commission for review and approval prior to examination. Candidates must possess, prior to the examination, the required education and experience and be authorized by the Commission to take the examination. Contact the Commission office in Harrisburg to secure an application for “Brokers Examination Authorization” (Form SPOA 2103). Candidates should not make an examination reservation until this review process is completed. The determination of eligibility is a lengthy process and candidates should allow several weeks for its completion.
II. The criteria outlined below must be met to qualify to take the broker examination. Candidates must:
a. Be at least twenty-one (21) years old;
b. Be at least a high school graduate or equivalent;
c. Have at least three (3) years of experience as a licensed salesperson or at least 3 years of equivalent experience (See above for details of Broker Experience Requirements); and,
d. Have completed 16 credits or 240 hours of real estate instruction within ten (10) years prior to successful completion of the licensing examination (See above for details of Broker Education Requirements).
III. Submit the Broker Examination Application, all required documents and the qualification review fee, payable by check or money order to the “Commonwealth of Pennsylvania” and mail to: Pennsylvania Real Estate Commission, P.O. Box 2649. Harrisburg, PA 17105-2649.
Your paperwork will be reviewed by the Commission. If you are deemed eligible, the Commission will send you a Certification of Examination Eligibility Registration Form, including instructions for contacting PSI about scheduling/paying for the Broker Examination. The Commission will also fax a copy of this registration form to PSI at the same time it is sent to you. If you are not eligible, you will be so notified by the Commission.