Real estate licensing reciprocity is an inter-state agreement that allows real estate agents licensed in one state to obtain licenses in reciprocal states. In some cases, you only have to pass the state portion of the real estate exam; for example, if you reside in any U. S. state and want to practice in Alabama.
In other cases, you must retake and pass the full real estate exam; for example, if you want to practice in Arizona. Tennessee doesn't reciprocate with any state, so you'll have to be creative if you want to practice real estate there. The portability of real estate licenses lets you know where you can and cannot practice real estate beyond your home state. It's worth noting that you don't have to be a resident of the state to practice real estate there, so dust off your student cap and get ready to dive into California's real estate industry.
This publication is a great starting point for general information, but you should also check with your new state's real estate commission for the most up-to-date reciprocity rules. Choose the state where you want to get a new license or do business and learn about the real estate licensing reciprocity rules that apply to you. States usually make it easier for you to obtain a real estate license in your state if you already have one in your home state. Licensees who hold an active agent or non-managing seller license can pass the state portion of the real estate exam.
A real estate agent licensed in another state can enter that state, conduct business and get paid for it. Unlike a cooperative portability state, a state's real estate license portability law with a physical location allows it to represent its client in an out-of-state purchase or sale. Once you pass the specific portion of the real estate exam, you can get your new real estate license. Real estate reciprocity does not mean that you are licensed to practice in a state that has reciprocity with yours. To find out which states offer full reciprocity for real estate licenses, it is important to research each individual state's requirements and regulations. Ohio, Montana, New York, Kansas and South Dakota are some of the states that offer full reciprocity for real estate licenses.
For more information on how to obtain a reciprocal real estate license in Ohio, review the Ohio Reciprocal Seller License application and visit the Ohio Department of Commerce website. For more information on how to obtain a reciprocal Montana real estate license, visit the Montana Real Estate Regulation Board website. For more information on obtaining a Kansas real estate license, visit the Kansas Real Estate Commission website. For more information on how to obtain a reciprocal real estate license in South Dakota, review the South Dakota reciprocal seller license application and visit the South Dakota Real Estate Commission website. It is important to note that each individual state has its own set of requirements and regulations when it comes to obtaining a reciprocal real estate license.
Therefore, it is important to research each individual state before attempting to obtain a reciprocal license.