realed, Author at Polley Associates School of Real Estate https://polleyassociates.com/author/realed/ Your source for real estate career education Tue, 21 Jan 2025 21:07:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://polleyassociates.com/wp-content/uploads/2018/07/cropped-IMG_20180621_162052_762-32x32.jpg realed, Author at Polley Associates School of Real Estate https://polleyassociates.com/author/realed/ 32 32 New Jersey Real Estate Continuing Education: A Guide to the 2025 Deadline https://polleyassociates.com/new-jersey-real-estate-continuing-education-a-guide-to-the-2025-deadline/ Thu, 16 Jan 2025 20:46:23 +0000 https://polleyassociates.com/?p=12559 For all New Jersey real estate license holders, staying compliant with continuing education (CE) requirements is crucial for license renewal. The deadline for completing your CE courses for the current licensing cycle is **April 30, 2025**. All actively licensed Brokers, Broker-Salespersons, and Salespersons are mandated to complete 12 hours of continuing education every two years. …

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For all New Jersey real estate license holders, staying compliant with continuing education (CE) requirements is crucial for license renewal. The deadline for completing your CE courses for the current licensing cycle is **April 30, 2025**. All actively licensed Brokers, Broker-Salespersons, and Salespersons are mandated to complete 12 hours of continuing education every two years. Out of these, at least 6 hours must be in core topics, which include a minimum of 2 hours in Ethics, 1 hour in Fair Housing & NJ Law Against Discrimination, and 1 hour in Agency. The remaining 6 credits can be from elective courses or additional core topics. Remember, if you fail to meet this deadline, a $200 late fee applies for credits submitted between May 1 and June 30, 2025. Failing to complete the requirements by June 30 will result in your license expiring, requiring you to go through reinstatement processes.

It’s important to plan your CE strategically. Courses are available online, self-paced, or in live classroom settings, offering flexibility to fit your schedule. If you’re newly licensed after July 1, 2024, you’re exempt from these CE requirements for the 2025 term. However, keep in mind that CE credits do not roll over to the next cycle, and you cannot earn credits by retaking the same course within the same renewal period. You can find a variety of approved CE courses with Polley Associates School of Real Estate in the classroom, online and on livestream zoom.

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Pennsylvania Real Estate Continuing Education: A Guide to the 2026 Deadline https://polleyassociates.com/pennsylvania-real-estate-continuing-education-a-guide-to-the-2026-deadline/ Fri, 10 Jan 2025 20:57:00 +0000 https://polleyassociates.com/?p=12563 Here’s what you need to know about renewing your Pennsylvania real estate license for both salespeople and brokers for the 2026 deadline: For Real Estate Salespersons: Continuing Education (CE): You must complete 14 hours of continuing education. This includes specific mandatory topics for the 2024-2026 cycle: Find Pennsylvania continuing education classes with Polley Associates in-person, …

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Here’s what you need to know about renewing your Pennsylvania real estate license for both salespeople and brokers for the 2026 deadline:

For Real Estate Salespersons:

Continuing Education (CE): You must complete 14 hours of continuing education. This includes specific mandatory topics for the 2024-2026 cycle:

  • 3 hours on Fair Housing
  • 3 hours on Agency
  • The remaining 8 hours can be in elective topics. 
  • First-time Renewal: If you’re renewing for the first time, you must complete 14 hours of mandatory Commission-developed modules, which include:
  • 7-hour General Module
  • Either 7-hour Residential Module or 7-hour Commercial Module
  • Completion Period: All CE must be completed between August 30, 2024, and May 31, 2026.
  • License Renewal:
  • The renewal deadline is **May 31, 2026**. 
  • You’ll receive a renewal notice from the Pennsylvania State Real Estate Commission (SREC) approximately 60 days before this date, sent via email to the address on file in the Pennsylvania Licensing System (PALS).
  • Renewal must be done online through PALS. No paper applications are accepted.

Find Pennsylvania continuing education classes with Polley Associates in-person, online or livestream on zoom here.

For Real Estate Brokers:

Continuing Education (CE):** Brokers also need to complete 14 hours of CE, with the same mandatory topics as salespersons:

  • 3 hours on Fair Housing**
  • 3 hours on Agency
  • The remaining 8 hours can be electives.
  • Completion Period: Like salespersons, all CE must be completed between August 30, 2024, and May 31, 2026.
  • License Renewal:
    • The deadline is also **May 31, 2026**. 
    • Brokers will receive an email notice from the SREC to renew through the PALS system. 
    • All renewals must be done online.
    • Fees: Similar to salespersons, there will be a renewal fee, which should be verified close to the renewal period.

Additional Points for Both:

  • Late Renewal: If you miss the May 31, 2026, deadline, your license will expire, and you’ll need to go through the reactivation process, which includes paying a late fee and submitting proof of CE.
  • Documentation: Keep your Polley CE transcript safe as the Pennsylvania Real Estate Commission may perform random audits.

Find Pennsylvania continuing education classes with Polley Associates in-person, online or livestream on zoom here.

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The Advantages of Becoming a Real Estate Broker in Pennsylvania https://polleyassociates.com/the-advantages-of-becoming-a-real-estate-broker-in-pennsylvania/ Thu, 02 Jan 2025 20:36:33 +0000 https://polleyassociates.com/?p=12555 Firstly, becoming a broker allows you to start your own brokerage or manage one independently. This autonomy means you can set your business strategies, hire agents, and expand your market influence. Brokers in Pennsylvania can earn higher commissions by retaining a portion of the commissions from sales made by agents under their supervision. This not …

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Firstly, becoming a broker allows you to start your own brokerage or manage one independently. This autonomy means you can set your business strategies, hire agents, and expand your market influence. Brokers in Pennsylvania can earn higher commissions by retaining a portion of the commissions from sales made by agents under their supervision. This not only potentially increases income but also provides the opportunity to build a personal brand in the real estate industry. Additionally, the broker’s license requires more rigorous education and experience which elevates your professional credibility and opens doors to more complex and lucrative real estate dealings.

The journey from a salesperson to a broker also signifies a significant professional growth. With 240 hours of additional education covering real estate law, finance, and management, brokers gain a deeper understanding and expertise, equipping them to handle sophisticated transactions. Ultimately, the transition to a broker’s license in Pennsylvania not only broadens your business scope but also enriches your professional life with more control, knowledge, and opportunities.

Students who are interested in upgrading to a broker’s license looking for class schedules and more information on the requirements can find it here.

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How to get a Pennsylvania Real Estate Broker’s License https://polleyassociates.com/how-to-get-a-pennsylvania-real-estate-brokers-license/ Sat, 30 Nov 2024 20:53:00 +0000 https://polleyassociates.com/?p=12561 Becoming a real estate broker in Pennsylvania is a significant step up from being a salesperson, offering more autonomy, higher earnings potential, and the opportunity to manage your own brokerage. Here’s a step-by-step guide to achieving that broker’s license: Step 1: Meet the Basic Requirements To qualify, you must be at least 21 years old …

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Becoming a real estate broker in Pennsylvania is a significant step up from being a salesperson, offering more autonomy, higher earnings potential, and the opportunity to manage your own brokerage. Here’s a step-by-step guide to achieving that broker’s license:

Step 1: Meet the Basic Requirements

To qualify, you must be at least 21 years old and hold a high school diploma or equivalent. Crucially, you need a minimum of three years of experience as a licensed real estate salesperson in Pennsylvania. This experience must accumulate to 200 points based on the state’s point system, where activities like closing deals, managing properties, or handling leases contribute points.

Step 2: Complete the Required Education

You’ll need to complete 240 hours of broker education, which translates to 16 credits. These must be from courses approved by the Pennsylvania State Real Estate Commission. This includes mandatory courses in Real Estate Law and Real Estate Brokerage, among others. If you possess a bachelor’s degree in real estate or a Juris Doctor degree, you might be exempt from some or all of these educational requirements. However, if not, you’ll need to enroll in these courses, which can be taken with Polley Associates either in-person, online or on livestream zoom.

Step 3: Pass the Broker Examination

After your education is complete, you’ll need to pass the Pennsylvania Real Estate Broker Examination. This exam consists of both national and state-specific sections, and you must score at least 75% on each to pass. To schedule this exam, you’ll need to apply for eligibility through the Pennsylvania Licensing System (PALS), submit the necessary fees, and provide documentation of your education and experience. Once approved, you can book your exam through Pearson VUE, the state’s testing service.

Step 4: Apply for Your License

With your exam passed, you’re ready to apply for your broker’s license. This involves submitting an application via PALS, along with a background check, proof of your exam results, and your broker education documentation. You’ll also need to decide on the type of broker license you want – whether you’ll be an Associate Broker, Broker Sole Proprietor, or part of a Broker Entity like an LLC or corporation. The initial licensing fee is $97, with an additional $40 for the broker examination.

Step 5: Maintain Your License

Once licensed, remember that Pennsylvania requires 14 hours of continuing education every two years to keep your license active. This ensures you stay updated with the latest in real estate law, ethics, and practice.

Students who are ready to begin the scheduling process can call the main Polley Associates office at 610.353.6776 or can schedule classes online and find more information here.

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How to Get Your Real Estate License in Pennsylvania: A Step-by-Step Guide https://polleyassociates.com/how-to-get-your-real-estate-license-in-pennsylvania-a-step-by-step-guide/ Mon, 25 Nov 2024 21:03:24 +0000 https://polleyassociates.com/?p=12565 Are you dreaming of a career in real estate in Pennsylvania? Polley Associates School of Real Estate offers all the state required education you need to acquire your license. Step 1: Meet the Basic Requirements Before you embark on this journey, ensure you meet these foundational requirements: Step 2: Complete Pre-Licensing Education with Polley Associates Pennsylvania …

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Are you dreaming of a career in real estate in Pennsylvania? Polley Associates School of Real Estate offers all the state required education you need to acquire your license.

Step 1: Meet the Basic Requirements

Before you embark on this journey, ensure you meet these foundational requirements:

  • Age: You must be at least 18 years old.
  • Education: A high school diploma or equivalent (GED) is necessary. However, if you have a Juris Doctor degree or a bachelor’s degree with a major in real estate, you might be exempt from some educational prerequisites.

Step 2: Complete Pre-Licensing Education with Polley Associates

Pennsylvania mandates a significant educational component:

  • Course Hours: You need to complete 75 hours of approved real estate education. This includes:
    • 30 hours of Real Estate Fundamentals
    • 45 hours of Real Estate Practice
  • Where to Study: You can take these courses with Polley Associates School of Real Estate in-person in a classroom, livestream on zoom or online.

Step 3: Pass the Pennsylvania Real Estate Exam

Once your coursework is complete, you’re ready for the exam:

  • **Exam Structure:** The exam consists of two parts:
    • A national section with 80 questions to be answered in 150 minutes.
    • A Pennsylvania-specific section with 40 questions to be answered in 60 minutes.
  • Passing Score: You need to score at least 75% on both sections.
  • Exam Provider: After you complete the required education with Polley Associates you will schedule with Pearson VUE who administers the exam. You can schedule your test online or by calling 833-551-0235. The fee is $49.

Step 4: Secure a Sponsoring Broker

In Pennsylvania, you must work under a licensed real estate broker:

  • Brokerage: Research and choose a brokerage that aligns with your career goals. Consider the reputation, support, and culture of the firm. 
  • Employment: You’ll need to be employed by or affiliated with a broker before applying for your license. They will sign off on your application as your sponsor.

Step 5: Apply for Your License

With your exam passed and sponsorship secured, you can now apply for your license:

  • Application: Use the Pennsylvania Licensing System (PALS) to submit your application. You’ll need:
    • Proof of completed education
    • Exam results
    • Criminal history check (within 90 days of application)
    • Broker’s sworn statement of employment
  • Fees: The initial fee is $107, which includes the license fee, application fee, and a contribution to the real estate recovery fund.
  • Processing Time: Typically, it takes about 7 to 10 business days for your license to be processed and issued.

To being your real estate journey please check out the Polley Associates School of Real Estate pre-license education schedules here.

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