I currently reside out of the country but intend on getting my RE license once I come back. My employer moves my family and I around every few years. If I get licensed in let's say state A then later move to state B, would I need to repeat all of the schooling and other initial start up tasks? Or would I be allowed to take the RE license test in state B with a waiver due to the time I was already licensed?
@Brian Ky it depends. Each state has it's own reciprocity rules. I was originally licensed in MS, then moved to Maryland. My MS License easily transferred to DC. All I had to do was pass the DC Law portion of their test and take an additional Fair Housing class. If I wanted to transfer that same MS license to MD, I had to take the National RE exam all over again, plus the MD State Law and additional Fair Housing classes. So I opted to get the DC license first. I plan to get the MD licesne this year.
If you do decide to get a RE license, here is an aspect to think about. My friend moved to another state after working in Wisconsin for a long time. She inactivated her license, but still gives referrals to other agents in WI. She's allowed to collect referral fees without paying fees to a broker. Minnesota allows referral fees also, however, it is a little more complicated. This is an aspect you might want to consider if you develop a lot of contacts before you move.
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