Frequently
Asked
Questions
|
Schlicher Kratz Institute |
|
Frequently
Asked
Questions
|
Pre-Licensing
Questions
Continuing
Education Questions
General
Questions
Pre-Licensing Questions
How
does one acquire a Pennsylvania Real Estate License?
A person wishing to acquire a Pensylvania Real estate License must
be at least 18 years of age, have 4 educational credits in real estate
(Real Estate Fundamentals and Real Estate Practice), and have
successfully
completed the State Licensing Examination. After one has passed
the
State Licensing Exam, a sponsoring broker is required for issuance of
the
salesperson's license. Acquiring the educational credits is
mandatory
before one takes the exam. After one has passed the Exam, one may
wait up to three years before activating the license. Failure to
do so within three years would mean that the prospective licensee must
re-take the Exam.
What
are the 2 basic courses?
The 2 basic courses are Real Estate Fundamentals and Real
Estate Practice. Fundamentals provides the student
with
a basic foundation for additional study and supports the practice of
real
estate in Pennsylvania. The course is designed to acquaint the
student
with the language, principles and laws that govern the business of real
estate. Practice provides the student with an
introduction
to all facets of the real estate business, including a survey of fields
of specialization. The course is designed to acquaint the student
with the basic techniques, procedures, regulations, and ethics involved
in a real estate transaction, along with a working knowledge of the
forms
and documents used, including the related mathematics. Each
course
is worth 2 credits. An official school transcript is provided for
each course.
Does
it matter which course I take first?
It does not matter which of the two courses is taken first. The student
may take FUNDAMENTALS first or, instead, take PRACTICE first. A
strongly
motivated student is the best guarantor of a person’s being well
prepared
to take and pass the State Licensing Exam. Those seeking to take both
courses
at the same time should recognize that ample study time must be
provided
in the student’s schedule.
How
long does it take to complete the two required courses (Fundamentals
and
Practice)?
Schlicher-Kratz offers you several options to obtain the required sixty
hours:
When
are these courses offered?
What
is the cost for the courses and books?
Tuition is $195.00 per course plus the cost of
the required textbooks. The texts, Basic Principles of Real Estate,
8th edition and The 16 Day Real Estate Math Book, 6th edition,
and the audio, The Vocabulary Words of Real Estate, are used
for
both FUNDAMENTALS and PRACTICE. A student enrolling in both
courses
pays the texts and materials fee only once. The total cost for
the
2 courses and the books is $470.00. The License Review
Preparation
Course
is an optional, but recommended, course designed to prepare you for the
State Licensing Exam. The cost for the course including the book,
Pennsylvania
Real Estate Exam Preparation Manual, 8th edition, and materials is
$80.00. If you wish to purchase the book without taking the prep
course, the fee is $45.00.
How
can I enroll for the pre-licensing courses?
The student may register by mail, fax or telephone. Tuition must be
paid in full when the class begins. We accept check, cash, Visa,
MasterCard,
Discover, and American Express. Checks should be made payable to:
SCHLICHER-KRATZ
INSTITUTE. If enrolling by mail, send your application to
Schlicher-Kratz
Institute, P.O. Box 176, Lansdale, PA 19446. If enrolling
by
fax, send to (215) 855-9332. If enrolling by telephone, you will
be asked for your name, address, phone number and dates for classes in
which you wish to enroll.
When
will I receive my transcript?
Before a student can receive a transcript, the student must have met
all attendance (80% minimum class attendance) and examination
requirements
of our school. Transcripts are generally mailed within three days
following the completion of both courses.
When
is the State Licensing Exam given?
The schedule for administering the State Licensing Exam is established
by the Testing Agency which holds the testing contract with the State
Real
Estate Commission. PSI currently holds the testing contract for
Pennsylvania.
The exam is offered Monday through Saturday at most locations and is
administered
by PSI at their locations. The cost of the exam is $56.00. The
application process is reviewed and forms for
registration are provided in class.(Click
here for more details of Exam procedures and Test Locations).
What
are the requirements in Pennsylvania for becoming a Licensed
Salesperson?
Click here
for a review of qualifications needed for approval as a licensed
salesperson
by the Pennsylvania Real Estate Commission.
What
are the requirements in Pennsylvania for becoming a Licensed Broker?
Click here for
a review of qualifications needed for approval as a licensed
salesperson
by the Pennsylvania Real Estate Commission
Continuing Education Questions
What
are the Mandatory Continuing Education (MCE) requirements for Licensed
Brokers/Salespersons?
You must take 14 hours of continuing education by 5/31/2008 to renew
your license for the period 6/1/008 - 5/31/10. There is no
Required
Course mandated by the Real Estate Commission.
You may take two 7-hour Elective courses. As an alternative, most of
our
15 hour, 1 credit broker courses will also fulfill your entire
requirement
for Continuing Education. Click to see our current MCE
class schedule or our current Broker Course
schedule.
General Questions
What
is the phone number for the Pennsylvania Real Estate Commission?
The phone number for the Pennsylvania Real Estate
Commission is 1-717-783-3658.
What
is the phone number for the Pennsylvania Appraisal Board?
The phone number for the Pennsylvania Appraisal
Board is 1-717-783-4866.
What
is the repeat policy?
If a student has paid for, and has been enrolled
in, a Schlicher-Kratz Fundamentals and Practice course and,
How
do I obtain duplicate copies of my transcript?
Transcripts are provided upon completion of each
course at no charge. There is a $5.00 charge for duplicate transcripts.
Requests may be submitted in writing along with a check or may be
requested
via fax with payment by credit card. Mail to Schlicher Kratz
Institute,
P.O. Box 176, Lansdale, PA 19446. Include your name and
approximate
time when the class was taken along with your current address where the
transcript should be sent.
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