How do you become a licensed real estate broker?
Broker Licensing Requirements
New broker licensing requirements went into effect on October 16th 2017. Applicants for a broker’s license will be required to complete 90 hours of education approved by the R.I. Department of Business Regulation AND work full-time as a salesperson for two years immediately before applying for a license.
Broker Pre License Course
Prior to taking the brokers examination, as part of the required 90, RI REALTORS recommends taking the Broker Pre License course which is an accelerated overview of the core concepts (general & state) covered in Sales Pre License to ensure you pass the broker examination. Because this course will make up 24 of the required 90, you are strongly encouraged to take only after you have completed the majority of the other 66 hours of education.
Steps to Obtaining a Broker License
STEP ONE: Salesperson Experience. Complete two years of full-time experience as a salesperson with completed transactions.
STEP TWO: 90 hours of approved education. Complete ninety (90) hours of approved classroom study. Please view the listing of approved courses for 90 hours for more information or view the RIAR Calendar. *Broker approved courses are noted in the class descriptions and are highlighted in yellow on the calendar
- The RI Department of Business Regulation (DBR) does NOT ACCEPT any ONLINE courses for meeting the broker 90-hour requirement.
- The RI Realtors® approved list of “Broker 90” courses is for the RI Realtors® Professional Development Center ONLY.
- Broker 90 requirements MUST be completed all at the same school.
- Courses from the 90 hours list taken in person through RI Realtors® are valid for 4 years.
- Sales Pre-license and Lead Paint do NOT count toward the 90 required hours.
Two years of experience prior to taking courses that count towards the approved broker 90 is not required.
STEP THREE: Certificate of Completion. Once completing the 90 hours at the RI Realtors® Professional Development Center, you MUST contact RI Realtors® to receive a certificate of completion. DBR will not accept individual certificates adding up to 90. If you have earned all 90 hours, please email email@example.com
STEP FOUR: Prepare and pass the state exam. The broker state exam is taken with Pearson VUE and can be scheduled by phone (800) 274-8922 or by visiting their website at http://www.pearsonvue.com/ri/realestate/
STEP FIVE: Submit the Broker Application to RI Department of Business Regulation
Please refer to: http://www.dbr.state.ri.us/divisions/commlicensing/realestate.php for an up-to-date list of real estate broker requirements and an application.
For any questions regarding approved classes offered by the RI Realtors® Professional Development Center or for information about broker pre-license and sales pre-license classes, please contact 401-785-9898 option 1 or email firstname.lastname@example.org.
NOTICE – Effective November 15th, 2019 – Anyone taking the SALES exam or BROKER exam at Pearson VUE MUST have a copy of their certificates (45-hour certificate for Sales, 90 hour for Broker). If you do not bring a copy of this with you to the exam, they will not allow you to sit for the exam and you will need to repay the cost of the exam to take again.