Wisconsin Real Estate License Requirements

The Wisconsin Department of Safety and Professional Services oversees all real estate matters in the state of Wisconsin. The types of real estate licenses the department currently issues are salesperson and broker licenses.

The requirements to become a real estate agent [salesperson] or broker in Wisconsin are as follows:

SALESPERSON LICENSE REQUIREMENTS:

To be eligible for a Wisconsin salesperson license, applicant must be at least 18 years old and be a U.S. citizen or alien authorized to work in the United States.

Applicants who have been convicted of a crime or have criminal charges pending against them must submit a Convictions and Pending Charges Form.

No prior real estate experience is required to obtain a Wisconsin salesperson license.

Applicant must satisfy one of the following requirements:
Complete a 72 hour prelicense education course within the past five years.
Complete 10 semester hour credits in real estate or real estate-related law courses from an accredited institution of higher education.

Wisconsin Real Estate License Requirements

Wisconsin Real Estate License Requirements

After completing the prelicense education requirements, applicant must pass the national and state salesperson exam. The state portion of the exam consists of 140 questions. Applicants have four hours to complete the exam.

A salesperson license application must be submitted within one year of passing the exam along with proof of sponsorship by a licensed broker in Wisconsin.

Continuing education courses are not required during the first two years of licensure.

After the second year of licensure, licensees must complete 18 hours of continuing education courses with six three hour courses.

Wisconsin has reciprocal agreements with Illinois and Indiana.

Fees to obtain a Wisconsin salesperson license include:
Exam Fee: $82
Initial Credential Fee: $75
Reciprocal Credential Fee: $72
Endorsement Credential Fee: $72
Reinstatement Fee: $107


BROKER LICENSE REQUIREMENTS:

To be eligible for a Wisconsin broker license, applicant must be at least 18 years old and be a U.S. citizen or alien authorized to work in the United States.

At least two years of active real estate experience during the past four years is required to obtain a Wisconsin broker license. The amount of experience acquired must amount to 40 points:
Each completed/closed residential transaction = 5 points
Each completed/closed commercial transaction = 10 points
Each property management contract = .5 point/month
Each completed/close timeshare = 1 point

Applicants who have been convicted of a crime or have criminal charges pending against them must submit a Convictions and Pending Charges Form.

Applicants must satisfy one of the following requirements:
Complete a 72 hour prelicense education course within the past five years.
Complete 20 semester hour credits in real estate or real estate-related law courses.

After completing the prelicense education requirements, applicant must pass the national and state broker exam. The state portion of the exam consists of 100 questions. Applicants have 3.25 hours to complete the exam.

A Wisconsin broker license application must be submitted within one year of passing the exam.

Continuing education courses are not required during the first two years of licensure.

After the second year of licensure, licensees must complete 18 hours of continuing education courses with six three hour courses.

Licensed attorneys are exempt from the education requirement.

Wisconsin has reciprocal agreements with Illinois and Indiana.

Fees to obtain a Wisconsin broker license include:
Exam fee: $82
Initial Credential Fee: $75
Reciprocal Credential Fee: $72
Endorsement Credential Fee: $72
Reinstatement Fee: $107


References:

Wisconsin Real Estate Candidate Handbook: January 2014: http://asisvcs.com/publications/pdf/095000.pdf

Wisconsin Department of Safety and Professional Services: Wisconsin Real Estate Licensing Requirements for Persons Licensed in Another State: http://dsps.wi.gov/Documents/Credentialing%20Forms/Business%20Application%20Forms/fm2083.pdf

Wisconsin Department of Safety and Professional Services: Real Estate Salesperson: http://dsps.wi.gov/Licenses-Permits/RealEstateSalesperson

Wisconsin Department of Safety and Professional Services: Real Estate Broker: http://dsps.wi.gov/Licenses-Permits/RealEstateBroker

Wisconsin Realtors Association: Wisconsin Real Estate License Requirements: https://www.wra.org/Education/Requirements/Wis__Real_Estate_License/


Leave a Reply

Your email address will not be published. Required fields are marked *