Reviewed and approved by Wisconsin real estate professionals, the sales exam consists of 140 questions covering laws, regulations and practices of real estate in Wisconsin. This computer-based exam has no limit for the number of times you may take the exam, however you are required to pay the exam fee each time.
How hard is the Wisconsin real estate exam?
How Hard is the Wisconsin Real Estate Exam? The passing rate for the Wisconsin Real Estate Salesperson Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.
How many times can you take the real estate broker exam?
In most states, you can fail the real estate exam up to three times before needing to take additional coursework. The exact number depends on the state you live in so you will need to check the specifics on your own. Some states allow three retakes, some allow five, and some allow as many as you need.
Which state has the hardest real estate exam?
Hardest States to get a Real Estate License
Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.
How much does a real estate license cost in Wisconsin?
The fee for a new license, either salesperson or broker is $75. Renewal fees are $82. All Wisconsin real estate agent licenses expire biannually on December 31st of even-numbered years.
Is the real estate exam hard?
Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.
What state has the highest concentration of real estate agents employed?
Some of the states with the highest concentration of real estate agents, like South Carolina, Oklahoma, Florida, and Georgia, are Sun Belt states that are experiencing consistent population growth—which means more demand from potential buyers.
What is the salary for real estate agents?
The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.
Can you be a part time realtor?
Yes, you can be a part-time real estate agent. The process of becoming a part-time agent is almost exactly the same as for people training to become a full-time agent. The only difference is that some brokerages typically won’t hire people who work part-time.
Why do realtors quit?
Most new real estate agents quit their first year because of the emotional toll of “fear of failure” and rejection. Nobody likes to feel rejected. Rejection is part of the job but remember that people are not rejecting you. They are rejecting the notion of buying or selling at that time.
How much does a realtor make in Wisconsin?
The average salary for a real estate agent in Wisconsin is around $41,080 per year.