So you have heard how much money a real estate agent makes and want to grab your real estate license to cash in?
Obtaining your real estate license in any state requires several steps. These steps need to be followed in the precise order that is required otherwise, your quest to become a real estate agent will be pointless.
Becoming a real estate agent in the state of Wyoming is no different. There are certain steps you have to follow to prepare for the exam process to become licensed. One of the main steps includes taking a pre-licensing course.
This course allows you to study and succeed at your own pace. If you are a person that has a full-time job, this allows you to study at your own pace while you pursue your career in the real estate industry.
After you’ve taken and passed the pre-licensing exam, you then move on to take what’s known as the real estate exam. This, in essence, is the final test before you actually become a legitimate real estate agent. This process requires that you put in an application and apply to take the exam. After you put in your application and it is successfully accepted, the next step is to schedule, take and pass the state exam to become a licensed real estate agent.
After you’ve completed that final step, you’re on your way to becoming a successful real estate agent. Now, these steps sound really easy from a high level. There are, however, more tedious tasks that are involved in the state licensing process for your real estate license.
Preparing and studying for the pre-licensing exam.
In the state of Wyoming, you are required to complete 54 hours of real estate pre-licensing course work. The coursework covers a large variety of topics that include:
- Agency Relationships and Contracts
- Real Property Ownership/Interest
- Finance
- Real Property
- Marketing Regulations (purchase and rental)
- Property Management
- Real Estate Calculations
- The Real Estate Licensing Agency’s Powers
- Licensing
- Requirements Governing the Activities of Licensees
- Additional Topics
The educational material in the pre-licensing course is designed to get you accustomed to and acquainted with all of the terminology pertaining to the real estate industry. More importantly, it is also intended to make you more familiar with real estate laws and practices in the state of Wyoming.
On the surface, this can seem like quite a bit of material to cover. If you take the pre-licensing course seriously and make a concentrated effort to study and become familiar with the principles included in the coursework, you should not have any challenges in passing the pre-licensing test.
There are several companies that offer pre-licensing courses that assist you in studying for your exam. Some of these companies may offer a money-back guarantee if you don’t pass the course on the first try.
The pre-licensing exam consists of 132 multiple choice questions with 100 of the questions pertaining to the national portion and 32 of the questions pertaining to state-specific questions.
You’re only required to make a 75% score to pass the exam. When you arrive at the exam, you’re required to present two forms of identification. Both forms must include your signature. In addition to your identification, you’re required to present the confirmation number that you received when you made the reservation to take the test.
Applying for the Wyoming Real Estate exam
Now that you’ve completed the pre-licensing phase, you have to apply to take the Wyoming real estate exam. This requires that you fill out an Application For License For Real Estate Salesperson. This application will ask you for pertinent information such as your name, date of birth, and social security number. It will also take you through a series of questions to make sure you understand the information you’re presenting on the application. This application will ask you if you have other licensing in other states and for any professional references. After you’ve supplied all of the requested information, you are required to sign the document and have it notarized.
Once the completed document is signed and notarized you’re required to submit a license fee of $300, your fingerprint card, and a close-up photo ID of yourself. If you have other certificates or a license in other states, you’re required to include these as part of the application package. The test results from your pre-licensing exam need to be enclosed with the package along with your proof of errors and omissions insurance. A copy of your birth certificate and driver’s license is required as part of the complete package. Once you have all of the required documents along with the signed and notarized application, You submit the entire package to the Wyoming Real Estate Commission and Certified Appraiser Board (WREC).
It is important to note a few things here. First of all, the application needs to be filled out in its entirety or it will be returned. This could delay the application process. Secondly, it is also important to note that this application must be filled out and submitted within 90 days of the notice date that informs you of your passing score for your pre-licensing exam. Lastly, it is important to note that the WREC mainly communicates through email. It is imperative that you check your email constantly for any updates in your application process.
Schedule, take and pass the exam
Once you have received notification from the WREC, you are now able to schedule and take your real estate exam. Just like the pre-licensing exam, the real estate exam is structured in the same way. There’s a total of 132 multiple-choice questions. The make of the questions includes 100 national questions and the other 32 questions are state-specific questions. You are allowed three and a half hours to complete the exam. It is important to note that you will need two forms of identification that are current and contain a valid signature. Some examples could include a driver’s license, passport or even a social security card. You would need to bring a basic non-scientific calculator with you. Questions on the real estate exam will cover the same topics that you studied during the pre-licensing phase.
Some test takers get nervous during the final phase of the process. There’s no need to get nervous if you’ve developed a solid foundation and understanding of the course material during the pre-licensing phase of the process. Since the final test is structured in a similar fashion as the pre-licensing exam, there’s no need to be worried. If you pass the pre-licensing exam, chances are you won’t have any problems passing the final exam. It is strongly advised that if you found yourself struggling in a particular area during the pre-licensing phase, you may want to dedicate a little more study time to master the areas that you’re struggling in. The perfect time to do this is while you’re waiting for the WREC to review and approve your exam application.
Obtaining your real estate license in Wyoming is not a difficult task, but it does take time and effort. After you pass the final exam, you are now officially licensed and ready to begin selling real estate. Take some time to reflect and celebrate and determine how you want to begin your career.
Now that you have completed all of your studies and passed your real estate exam oh, you are officially ready to begin exploring options for your real estate career. Obtaining a real estate license in Wyoming is not difficult. What’s more exciting, is after you’ve passed your real estate exam you’re now able to interview real estate brokers in the area to determine where you want your career to start in the real estate industry.
