- The average salary for a real estate agent is $97,233 per year in Kentucky.
Besides, How much is the KY real estate exam? The cost of the exam is $100, whether you take one or both portions. Candidates must complete all course requirements and request their FBI report prior to taking the licensing exam.
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 |
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.
Hence, How do I pass the Kentucky real estate exam? The Sales Associate exam consists of 80 national questions and 50 state-specific questions. To pass, you must answer correctly at least 75% of the questions. The broker exam consists of 80 national questions and 50 state-specific questions. To pass, you must answer correctly at least 75% of the questions.
Is the KY real estate exam hard?
The Kentucky Real Estate Salesperson Exam is one of the hardest state test to pass in the United States. We have compiled this simple exam cram book that quickly and easily prepares you to take your state licensing exam and pass it on the 1st try with the PSI exam.
How many times can you take the Kentucky real estate exam?
In fact, you can take it as many times as you want but keep in mind you must pay the exam fee on each additional attempt. Good news, though, you only have to retake the portion of the exam – national or state law – you failed. You have four (4) months for the retake. After that, both portions must be retaken.
How hard is it to get a real estate license in Ky?
How long does it take to get a Kentucky real estate license? The two most time-consuming factors to getting your license include completing the FBI criminal background check and completing the Pre-Licensing education requirement. The background check takes 12 to 16 weeks to complete.
What is a passing score on the Kentucky real estate exam?
Test takers are allotted 4 hours (240 minutes) to complete the entire exam. A score of at least 75% is required to pass.
What is required to become a realtor in Kentucky?
Have completed either six (6) credit hours in real estate courses from an accredited college or ninety-six (96) classroom hours in real estate classes from an approved proprietary school; and. Take and pass the Kentucky Sales Associate exam.
What does it take to become a realtor in KY?
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.
How many questions are on the Kentucky real estate exam?
The exam consists of 120 multiple choice questions. (80 questions on the National section and 40 on the Kentucky License Law section).
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 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.
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.
