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Become A Real Estate Agent In Wisconsin
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Wisconsin or anyone looking to become a real estate agent or realtor in Wisconsin. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
Real estate licenses in Wisconsin are issued by the Wisconsin
Department of Regulation and Licensing in Madison. The department licenses
and regulates over 100 professions with the mission of protecting the citizens.
The Wisconsin
Real Estate Board shares the authority and responsibility of the department.
The office of the Real Estate Board is in Madison.
The requirements for a real estate salesperson license
in Wisconsin include having successfully completed at least 72 hours
of approved real estate courses at an accredited institution of higher education,
and successfully passing the real estate exams.
Nonresident salesperson applicants who have held an active salesperson’s license
in another state within the two years preceding the Wisconsin application may
take the Wisconsin Reciprocity Course through the Wisconsin Realtors Association
prior to taking the real estate salesperson’s exam. Nonresident salesperson applicants
need to successfully complete 13 specific hours of approved courses and successfully
complete at least 10 semester-hour credits of approved courses.
The requirements for a real estate broker license in
Wisconsin include having passed the Wisconsin salesperson’s examinations,
or be licensed as a Wisconsin salesperson. Applicants need to have completed 20
semester-hour credits in real estate or real estate-related law courses at an
accredited institution of higher education, and also need to successfully pass
the Wisconsin broker’s exams.
Nonresident broker applicants who have held an active broker’s license in another
state within the two years preceding the Wisconsin application may take the Wisconsin
Reciprocity Course through the Wisconsin Realtors Association prior to taking
the real estate broker’s exam
All applicants for a real estate license need to apply for their license within one year of passing
the real estate exams, and once licensed, all agents need to complete continuing education requirements.
The Wisconsin real estate examinations are under the supervision of Promissor
Real Estate Licensing Examination Services and applicants can apply for the
exam directly with them online. The examination fee for either a salesperson or
a broker is $69.00. The testing centers are located throughout the state.
All Wisconsin real estate agent licenses expire biannually on December 31st of even-numbered years.
When real estate agent licenses are not renewed on time and need to be reinstated, the reinstatement fee
for a broker license is $153.00 and for a salesperson license is $108.00.
Wisconsin has reciprocity agreement with Illinois and Indiana. The license fee for a
reciprocal broker license is $128.00 and for a reciprocal salesperson license is $83.00.
Real estate careers are strengthened by membership in the many organizations
that provide services for the professional agent. Organizations like the Wisconsin
Realtors Association and the National Association of Real Estate Brokers (http://www.nareb.com)
(NAREB) assist many in locating real estate jobs within the industry. The
Association of Real Estate License Law Officials (http://www.arello.org)
(ARELLO) and The National Association of Realtors (http://www.realtor.org)
(NAR), the world’s largest professional association, are excellent resources for
real estate education and professional enrichment.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
