To be eligible to take the Pennsylvania Broker’s Exam, candidates must have the following:
1. Three years of experience in real estate sales;
2. Broker candidates must also accumulate 200 points in real estate activity. The point system can be found on on page 3 of the Broker Exam Application.
Interested in tracking your progress towards achieving your Pennsylvania Broker License? Click here to access the school-designed Broker Applicant Worksheet.
3. A total of 16 credits (or 240) hours is required to be eligible to take the Pennsylvania Broker’s Exam. All courses are a minimum of two credits (30 hours). A maximum of four credits (60 hours) is allowed per course and/or area of real estate study. (one credit = 15 hours)
Required – 2 credits (30 hours) in Real Estate Office Management
Required – 2 credits (30 hours) in Real Estate Law
Required – 6 credits (90 hours) in at least three of the following two credit courses:
• Valuation of Income Producing Property
• Valuation of Residential Property
• Non-Residential Property Management
• Residential Property Management
• Real Estate Finance
• Real Estate Investment
• Real Estate Construction
• Real Estate Sales
The remaining six credits (90 hours) may be taken in any elective topic approved for broker credit by the Pennsylvania Real Estate Commission.
Note: Credits received as part of this program are valid for 10 years from the date taken.
Keep track of your activity points by referring to page 5 of the Broker Application.
Test and Renewal
Once a broker licensing candidate has successfully completed the education and experience requirements, they are eligible to sit for the Pennsylvania Broker License exam. This exam is administered through PSI Examination Services. For more information, click here.
The renewal of a Pennsylvania Broker License is similar to that of a salesperson. Every two years, a licensee must complete 14 hours of approved continuing education and remit payment to the state for the renewal of the license. The current renewal period is 6/1/2018-5/31/2020.
Note: The definitive source for information on broker licensing is the Pennsylvania Real Estate Commission. Information can be found on the Broker Exam Application.
If your license has been inactive or expired for five or more years, you must retake the licensing exams before you can reactivate. See pertinent information on the Real Estate Commission web site, here.