Have you worked for several years as a real estate agent? If so, you may be ready to take the next step in your career and become a real estate broker.
Becoming a broker is a great choice if you love real estate and are excited by new challenges. As a broker, you must be prepared to take on more responsibilities, complete additional training, and, possibly, manage a team of real estate agents. If that sounds appealing, then becoming a licensed Arizona real estate broker may be the right choice.
This guide gives the information you need to prepare for and pursue a career as a real estate broker in Arizona, including the requirements and links to training to prepare you for your exciting new career.
Requirements to Become an Arizona Real Estate Broker
To become a real estate agent, you must complete training, pass an exam, and submit to a background check. The path to becoming an Arizona real estate broker is similar but more in-depth.
According to the State of Arizona's Department of Real Estate, to become a real estate broker, you must meet the following requirements: Be at least 18 years of age. Provide proof of Arizona residency. Complete 90 hours of Real Estate Broker Education at an approved real estate school. Pass the ADRE (Arizona Department of Real Estate) exam. Complete an approved Broker Management Clinic course. Complete a background check, including submitting your Social Security number and date of birth. Receive a Fingerprint Clearance Card, issued by the Arizona Department of Public Safety. Complete the Broker Candidate Experience Verification Form, which shows you have been licensed as a licensed real estate agent or broker for three out of the last five years.
If you are moving to Arizona from out of state, you may be eligible to bypass real estate broker or agent training through license reciprocity.
What to Expect from Arizona's Real Estate Broker Exam
One of the most challenging parts of earning your broker license is taking the real estate broker exam — which is why one of the requirements for becoming a broker is completing additional training. What can you expect from the Arizona real estate broker's exam?
How Many Questions Are on the Arizona Real Estate Broker Exam?
The broker exam is a total of 180 questions broken into two sections — state and national. To pass the test, you must correctly answer at least 135 of the questions. You will have 150 minutes to answer the 80 national questions and 165 minutes to complete the 100 state-specific questions.
The broker exam covers a range of topics, including: Property ownership Financing Contracts Transfer of title Agency disclosures Handling escrows Advertising and marketing Licensing requirements
What Should You Bring With You for the Broker Exam?
On the day of your exam, you will need two forms of identification (such as a driver's license, Social Security card, passport, or debit card), a certificate proving you have completed the required broker classes, a basic calculator, and Form LI-226, which certifies you have the required experience.
Become a Real Estate Broker in Arizona
As a real estate broker, you have the opportunity to help newer agents continue their careers and lead clients through the process of becoming home or business owners. Are you up for the challenge?
Aceable Real Estate School provides the best in the world training and instruction to help you reach your dreams. Sign up for the Arizona Real Estate Broker training course today.