- The average salary for a real estate agent is $97,233 per year in Kentucky.
Besides, How much is it to get your real estate license in Kentucky? If you meet the state’s legal requirements, you can start your prelicensing education. Courses can be taken in person or online through an accredited real estate school in Kentucky, which costs between $349 and $679.
How long is the real estate exam in Kentucky?
Pass the Kentucky Real Estate Examination. You will be given 240 minutes to complete the entire exam, 150 minutes for 80 general questions and 90 minutes for 50 state-specific questions. For more information, see the PSI candidate exam information here.
How long is Kentucky real estate School? What does it take to get a real estate license in Kentucky? Candidates must pass the Kentucky state-approved course totaling 96 credit hours. Once this is completed, the student is allowed to sit for the Kentucky Sales Associate Licensing Exam.
Hence, How much do real estate agents make an hour in Kentucky? First Year Real Estate Agent Salary in Kentucky
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $120,544 | $58 |
| 75th Percentile | $98,547 | $47 |
| Average | $82,085 | $39 |
| 25th Percentile | $52,793 | $25 |
Where do I take the Kentucky real estate exam?
Where can I take the KY real estate licensing exam? PSI operates testing centers in Bowling Green, Lexington, Louisville, Maysville, Paducah, Somerset, Cincinnati, Cleveland, Columbus, Knoxville, and Nashville. Find the testing location addresses in the Candidate Handbook or online at the PSI website.
How long does it take to finish real estate School Online?
1. Real Estate License Education. In a traditional classroom environment, students will complete their state credit-hour requirements in 4-6 months on average. In an online school, students will complete the same courses significantly quicker – around 2-3 months on average.
How long does it take to get your real estate license?
On average it takes at least 4-6 months to get a real estate license in a traditional classroom. If you’re taking your real estate pre-licensing course online, it can take as little as 8 weeks depending on how fast you want to pace yourself.
How much do top 10% real estate agents make?
In 2020, the median pay for real estate agents in the U.S. was roughly $49,000. The lowest 10% of earners made less than $25,000, while the highest 10% of earners made more than $112,000. Real estate brokers typically earn more than real estate agents. In 2020, the median real estate broker pay was roughly $60,000.
Is the Kentucky real estate exam online?
Kentucky REALTOR® Institute (KRI) offers an elite ninety-six (96) hour online program which is approved by the Kentucky Real Estate Commission (KREC).
How much does real estate agents make?
How Much Do Real Estate Agents Make At Most? According to the Bureau of Labor Statistics, U.S. real estate agents will earn a median income of $56,000 per year in 2020. It cost about $49,000 according to the figures.
What is the highest paying real estate job?
14 high-paying real estate jobs
- Real estate manager. National average salary: $51,497 per year. …
- Property manager. National average salary: $52,273 per year. …
- Real estate associate. …
- Home inspector. …
- Escrow officer. …
- Foreclosure specialist. …
- Real estate appraiser. …
- Real estate investment consultant.
Can I be a part time property agent?
Yes. You can be a part-time real estate agent. Licensed real estate agents can work as many or as few hours as they want, making this career a near-perfect choice for someone looking for flexible, part-time work with excellent earning potential.
Do estate agents get a basic salary?
Although an estate agent earns a commission only and not a salary, if it is determined that an employment relationship exists between the agency and the agent, then the provisions of the Act applies.
How many questions can you miss in Kentucky real estate exam?
The national portion of the Kentucky Real Estate salesperson exam is comprised of 80 questions. In order to pass the exam an examinee must answer 60 out of the 80 questions correct to pass (75% correct).
Can felons be real estate agents in KY?
Q: Can an individual who has a criminal conviction obtain a real estate license? A: Having criminal conviction(s) does not result in an automatic denial of licensure. The Kentucky Real Estate Commission reviews applications on a case-by-case basis.
What states have reciprocity with Kentucky real estate license?
KENTUCKY REAL ESTATE COMMISSION. KREC currently has reciprocity agreements with Florida, Ohio, Tennessee, and West Virginia.
How much does it cost to become a real estate agent?
Costs of Getting a Real Estate License. As a real estate agent, you’ll be required to be licensed by the state in which you plan to practice, and you can expect to shell out around $2,000 over the course of becoming licensed.
What do you need to be a real estate agent in Kentucky?
Requirements for a Kentucky Real Estate License
- Be 18 years of age;
- Have attained a high school diploma or GED; …
- Completed all real estate pre-license courses prior to taking the real estate examination;
- Complete FBI criminal background check; and.
- Must apply within sixty (60) days of passing their exam.
