These are the steps to follow if you're interested in obtaining your Kansas real-estate license. These include completing the real estate license pre-license course and passing your background check. After completing all these steps, you are ready to start looking for a broker to sell your homes.
How to Become a Real Estate Agent in Kansas
You must first complete the required 60-hour course in pre-licensing from a state approved real estate school. You can take this course online or in a classroom setting, and it's recommended that you choose a school with a strong reputation for providing quality education.
After you've completed your prelicensing courses, the next step in your preparation is to register for your exam. Pearson VUE administers the exam for the Kansas Real Estate Commission.
After you've registered, you'll be given a schedule for exams and a number which will allow you access to your exam from any computer with an internet connection. You will also need to provide fingerprints and complete a background check form.
How to Pass Kansas Real Estate Exam
To pass the realty exam, you need to score at the least 70% on each section (the National or the Kansas). If you fail the exam, you can take it again. However, you will need to wait 24 hours before scheduling a reexam.
You can also take the exam again if you fail, provided you do it within six months. The fee for retaking the exam is $25.
How to obtain a Kansas real estate license
The process for obtaining a real estate license in Kansas is very simple. The minimum age to obtain a Kansas real estate license is 18 years.
If you are ready for the Kansas Real Estate Salesperson Exam, make sure you choose an exam preparation course that covers all important topics. This will help you be ready to take the real estate exam on your first try.
Colibri Real Estate offers four different prelicensing packages. Each package is self-paced. Their courses are easy to follow and come with a Pass or Don't Pay guarantee.
Get 25% off your Kansas Colibri Real Estate prelicensing courses by using our discount code, TheClose25
Kansas Real Estate Brokers
Before you can become a licensed real estate agent, it is essential that you partner with a trustworthy brokerage. A good broker can provide you with training and resources, as well as help you to grow your business.
Having the right broker will also give you peace of mind, since they'll be there to support your professional development and growth. Make sure to inquire about the commission structure, business model, and how they support their employees with education and career growth.
FAQ
What are the benefits associated with a fixed mortgage rate?
With a fixed-rate mortgage, you lock in the interest rate for the life of the loan. You won't need to worry about rising interest rates. Fixed-rate loans come with lower payments as they are locked in for a specified term.
How many times may I refinance my home mortgage?
This depends on whether you are refinancing with another lender or using a mortgage broker. In either case, you can usually refinance once every five years.
Can I purchase a house with no down payment?
Yes! There are many programs that can help people who don’t have a lot of money to purchase a property. These programs include conventional mortgages, VA loans, USDA loans and government-backed loans (FHA), VA loan, USDA loans, as well as conventional loans. Check out our website for additional information.
What should you look for in an agent who is a mortgage lender?
Mortgage brokers help people who may not be eligible for traditional mortgages. They look through different lenders to find the best deal. Some brokers charge a fee for this service. Others offer free services.
Statistics
- Private mortgage insurance may be required for conventional loans when the borrower puts less than 20% down.4 FHA loans are mortgage loans issued by private lenders and backed by the federal government. (investopedia.com)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
- Some experts hypothesize that rates will hit five percent by the second half of 2018, but there has been no official confirmation one way or the other. (fortunebuilders.com)
- When it came to buying a home in 2015, experts predicted that mortgage rates would surpass five percent, yet interest rates remained below four percent. (fortunebuilders.com)
- It's possible to get approved for an FHA loan with a credit score as low as 580 and a down payment of 3.5% or a credit score as low as 500 and a 10% down payment.5 Specialty mortgage loans are loans that don't fit into the conventional or FHA loan categories. (investopedia.com)
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How To
How to find houses to rent
For people looking to move, finding houses to rent is a common task. Finding the perfect house can take time. There are many factors that can influence your decision-making process in choosing a home. These factors include size, amenities, price range, location and many others.
To make sure you get the best possible deal, we recommend that you start looking for properties early. For recommendations, you can also ask family members, landlords and real estate agents as well as property managers. You'll be able to select from many options.