The real estate space is lucrative, and you can experience limitless growth as you pursue new opportunities. Leading job recruiters and outlets report that real estate agents in Virginia can make up to $89,472.
Most real estate agents earn their salary in the form of commissions, and the amount may differ depending on years of experience, level of education, and their preferred niche market. For example, those focusing on luxury homes may earn a bigger commission as the target market is small but high-priced.
On the other hand, a real estate agent in a lower-priced market can make more sales and take home a bigger check.
Reestablishing Your Real Estate License and Reciprocity in Virginia
Suppose you have an active real estate license in another state, but you’d like to practice in Virginia. In that case, you need to meet all the state requirements and apply for a Virginia license by reciprocity before you start practicing.
Here are some of the requirements you must meet to qualify:
- Have an active state license from another state. This means your license must be in good standing and valid in your state.
- Complete at least 60 hours of pre-license course in your original state as required in Virginia. Some states require more than 60 hours to qualify.
To apply for reciprocity in Virginia, consider the following steps:
- If you have completed 60 hours of a pre-license real estate course and have an active license, you only need to do an exam covering the Virginia portion. If you have not completed 60 hours of the course, you’ll need first to do the course and then do the exam.
- Sign up with PSI on the PSI exam website and download the Candidate information booklet to guide you on how to apply for reciprocity.
- PSI only accepts reciprocity applications by email or postal mail. Email the application and out-of-state license copy to [email protected] or mail them to the following address.
PSI Examination Services VA RE,
3210 E. Tropicana Ave.,
Las Vegas
NV 89121
- After you have emailed or mailed your application to PSI, you can pay $60 as your exam registration fee and take the exam. You’ll have to get at least 30 questions correct to pass the exam and qualify for reciprocity.
- Submit your fingerprints to the state for a thorough background check on your criminal records.
Being a real estate agent in Virginia is rewarding, and you get the real value of a real estate agent.
The first question to ask in your goal to become a real estate agent is, ‘What do you need to become a real estate agent?’ Not to worry, as Virginia has an elaborate process for becoming a real estate agent and getting a license.