If you’re planning to become a Wisconsin real estate broker, completing the broker pre-license course is only part of the process. Wisconsin also requires you to have qualifying experience as a licensed real estate salesperson.
To qualify for a Wisconsin broker license, you must have held an active salesperson license for at least two years within the previous four years while working under the supervision of a licensed broker. You must also meet Wisconsin’s qualifying transaction experience requirement.
What Counts Toward Wisconsin’s Broker Experience Requirement?
If you’re planning to become a Wisconsin real estate broker, completing the broker pre-license course is only part of the process. Wisconsin also requires qualifying real estate experience before you can obtain your broker license.
To qualify, you must have at least two years of experience as a licensed salesperson within the previous four years while working under the supervision of a licensed broker. You must also accumulate at least 40 experience points.
How Are the 40 Experience Points Earned?
Wisconsin assigns points based on the type of real estate activity you complete:
- Closed residential transaction — 5 points per transaction
- Closed commercial transaction — 10 points per transaction
- Property management contract — 0.5 point per month
- Closed timeshare transaction — 1 point per transaction
That means, for example, a salesperson whose experience consists entirely of residential transactions would need eight qualifying closed transactions to accumulate 40 points.
CLICK HERE to review the Wisconsin DSPS requirements.
Who Verifies Your Experience?
Your experience must be documented and verified as part of your broker license application. It’s a good idea to keep your own records of your qualifying transactions as you go rather than waiting until you’re ready to apply and trying to reconstruct your experience.
Your supervising broker will ultimately need to verify your qualifying experience as part of your broker license application.
When Should You Take the Broker Course?
You don’t have to wait until you have accumulated all 40 points to begin your broker education. The Board-approved broker pre-license program must be completed within four years before you submit your application. However, because you’ll also need to take the broker licensing exam and meet the two-year experience requirement before applying for your license, it usually makes sense to wait until you’re getting closer to completing those two years.
Many students begin the broker course when they’re getting close to meeting the experience requirement. That gives you time to complete your education and prepare for the Wisconsin broker licensing exam while you finish accumulating the experience you need.
Every student’s situation is different. We can look at your experience and your timeline together and determine when it makes sense for you to begin the broker course.
Once you’ve completed the education, passed the Wisconsin broker licensing exam, and satisfied the experience requirement, you’ll be ready to move on to the broker license application process.
CLICK HERE to learn more about our Wisconsin broker pre-license course.
Related Questions
Here are questions candidates searching for a Wisconsin real estate broker course ask:
- What Are the Requirements to Become a Wisconsin Real Estate Broker?
- How Long Does It Take to Get a Wisconsin Real Estate Broker License?
- What Is Included in a Wisconsin Real Estate Broker Pre-License Course?
- How Do I Register for the Wisconsin Real Estate Broker Exam?
- What Is the Process for Applying for My Wisconsin Real Estate Broker License?
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