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Obtaining a real estate license by reciprocity is a great option for becoming a real estate agent in Washington, DC, but what exactly is it? And how do you apply for it?
As a real estate exam prep, we got all the info that you’ll need, and that’s exactly what we’ll be discussing in this article.
By the end of it, you’ll know everything about it. Just keep reading!
In Washington, DC, a real estate license by reciprocity allows you to skip steps in the process of becoming a real estate agent if you are already licensed in other states. For example, you won’t need to complete the full pre-licensing education or retake the national portion of the exam, which makes the process easier and quicker.
Getting a quicker process is not the only advantage of this license, although it is a very important one. After all, who doesn’t like a faster entry into the market? But what other strategic and practical benefits are there?
Obtaining a real estate license by reciprocity is not feasible in all states; however, in DC, it is possible due to a formal reciprocity agreement with other states that have comparable requirements. These states guaranteed full reciprocity, while others qualify for simplified or partial reciprocity.
For example, if you obtained your license in most states, like California, Colorado, Alabama, or Tennessee, you’ll receive full reciprocity. In contrast, Virginia and Maryland offer simplified reciprocity for DC, as they have almost identical requisites, making the process shorter.
Real Estate License Reciprocity: The Ultimate Guide
Now, let’s discuss the requirements and key eligibility criteria for obtaining a real estate reciprocity license in DC, as outlined by the Real Estate Commission, if you’re an out-of-state agent.
If you meet all the requirements, then you can start the application process. Let’s review each step in detail.
This is relatively straightforward, as there are only two courses that you need to pass, each lasting 3 hours. You can choose to complete them in person or online with a Commission-approved provider, such as the Academy of Real Estate or the CE Shop.
You only have to do the DC portion of the real estate exam, that’s true, but even with your expertise in real estate topics, you can take advantage of the best tools to prepare for the exam. Here at Lexawise, we are committed to helping as many candidates as possible.
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You can register for the exam online at the official PSI website. Just make sure to select only the DC state-specific portion. And, of course, you must bring your course completion certificates, a government-issued ID, and your original out-of-state license certification to the test, accompanied by an original license certification letter issued within the past 90 days by your current state.
After you pass the exam, you have to take all the required documents and submit them to the DC Real Estate Commission via their online portal, and pay the fee digitally as well.
Documents you need to submit for the DC real estate license by reciprocity:
Now is the time to wait, but exactly how long should we wait? We’ll review the process, so you know exactly what’s happening with your application after you’ve finished it. First, it must be reviewed by the DC Real Estate Commission, which typically takes 2-4 weeks, depending on the volume of applications and whether the documents are complete and accurate. In general, they’ll review:
It is possible that a document is missing or unclear; in this case, the Commission may contact you by email to request a correction. You can check your email if you feel it’s taking a bit longer. If it’s denied, the Commission will issue a written explanation, and you can still appeal or simply resubmit your application.
Once your license gets approved, you’ll receive a digital license via the Access DC licensing portal, which you can print and save. Of course, if you’ve become a salesperson, you still need to find and affiliate with a DC-licensed broker. If you have just obtained your broker’s license, congratulations —you’re now ready to operate independently or supervise agents.
Where do real estate agents earn the most?
Transferring your real estate license is another option if you are looking to start working as a salesperson or broker in a different state, if you already hold a real estate license. But it’s not the same concept or process as getting a license by reciprocity.
When you get a license by reciprocity, you become a certified real estate worker in both DC and your previous state. Meanwhile, when you transfer a license, you move your license from one state to another, so you lose your active license in the first state.
Keeping that in mind, DC doesn’t actually offer a simple transfer process. If you don’t meet reciprocity requirements, you’ll basically have to apply as a first-time applicant and do the whole process. You can find more info on our page about DC’s real estate license requirements.
A significant reason for applying for a real estate license in DC by reciprocity is that the process is simpler and quicker. So, let’s discuss some common mistakes that can cause delays and other problems.
You now have all the tools to become a real estate agent in DC through reciprocity! Just follow the steps, submit the required documents, and you’ll be on your way to work in the wonderful market that is DC.
If you want to learn more about legal terms or how to obtain a license in other states, check our page! Lexawise is here to teach you all you need to know to become a successful real estate agent.
Not sure if you should get into a training program for the licensing exam? You can have a taste of what Lexawise can do for you.