The field of real estate is a lucrative field and an excellent source of investment, and as CNN Money predicts, that in 2007 and later six of the top fifteen real estate markets in the Western region will be in California. The real estate field is peopled by professionals who guide real estate investors through the intricacies of the field. These professionals are licensed individuals accountable to the State and their authorities for plying an honest trade.
The State of California requires its real estate brokers, salespersons and real Estate Corporation to be licensed before they start practicing in the state and does not recognize real estate licenses from other states. The term of a license is four years and after four years the license has to be renewed.
The California Department of Real Estate (DRE) is the sole authority concerning all aspects of real estate in California. California Department of Real Estate (DRE) regulates and controls all california real estate licensing required by real estate professionals. The California Department of Real Estate (DRE) has 5 district offices through which it serves the public and protects its interest.
To obtain a California real estate license the basic requirement is that the candidate be above 18 years of age, have an unblemished record and be able to show legal proof of residence.
To qualify for a California real estate license the candidate requires to take three courses namely the Real Estate Principles, Real Estate Practice and one additional course before the candidate can take the California real estate license exam. Some options for the additional California real estate license course are Real Estate Appraisal, Real Estate Management, and Real Estate Finance. The courses must be college level from an accredited school.
Once the candidate passes the California real estate license exam conducted by the Department of Real Estate for the State of California, he can apply for his California real estate license. This California real estate license application for the license includes a complete background check by the Department of Justice.
The State of California recognizes three basic real estate licenses
To qualify for a salesperson license the candidate must be over 18 years of age, a legal resident of the United States with no criminal record. Fingerprints and a $56 fingerprint fee are also needed. No prior experience is required for a salespersons license, but the candidate is required to complete a 3-semester unit or four quarter unit course in Real Estate Principles before taking the licensing exam. The candidate should apply by mail to the Department of Real Estate, California for the salesperson exam and must submit a completed salesperson exam application form and a check of $25 payable to the DRE.
Once the candidate passes the exam the necessary forms are sent to the candidate to receive the license.
The additional two courses must be completed within 18 months of issue of the license.
An applicant for a real estate brokers license must be over 18 years of age, provide proof of legal residence in the United States, a fingerprinting fee of $56 and fingerprints. Out of State applicants must file Consent to Service of Process (RE 234) with the DRE. Candidates for a real estate brokers license also need a minimum of 2 full years, full time during the past five years as a real estate salesperson.
Applying to brokers license required eight approved college level courses Continuing courses do not satisfy this particular requirement. These courses must be of 3 semester units or 4 quarter units and must be completed before appearing for the brokers exam.
A Corporation can be licensed as a real estate broker through one or more of its officers who are brokers or have qualified for a broker’s license prior to receipt of application. All activities of the officers under this license must be performed only on behalf of the Corporation.
The officer is required to have completed all requirements needed for a broker’s license. For an appropriate fee the license issued to a Corporations designated officer entitles the officer to conduct licensed business on behalf of the Corporation.
Requirement for a Corporation Brokers License
A California real estate license needs to be renewed four years after it has been issued, taking into account new regulations passed by the California Department of Real Estate (DRE). For a California real estate license renewal the licensee must fulfill the continuing educational requirement. A special form confirming the attendance of the California real estate licensee at the required courses must accompany the real estate license renewal application.
A real estate salesperson renewing his California real estate license for the first time after issue should complete four separate 3-hour courses one in each of the mandatory subjects, namely ethics, agency, trust fund handling and fair housing.
Thus a total of 12 hours of continuing education is required to renew a real estate salespersons license.
A real estate broker renewing his California real estate license for the first time after issue of the California real estate license should have completed 45 hours of continuing education during the previous 4 years.
The 45 hours are divided as:
For subsequent California real estate license renewals after the first renewal, the salesperson or broker must have completed a total of 45 hours of continuing educational course during the previous 4 years, which includes a 6-hour combined survey course including the mandatory course subjects. Another 18 hours of consumer protection course and 15-hours of consumer service course.
Further from July 2007 onwards new legislation requires an additional 3-hour risk management course as one of the mandatory courses.
For people pressed for time and with other commitments, online license courses are a boon. Online california Real Estate schools offer the convenience of home study at your own free time. They provide all educational materials, support and student assistance.
All real estate courses are approved by the California Department of Real Estate.
The Allied Real Estate School is another accredited online school for real estate license courses.
Sarah Roberts, a mother of two, is now a licensed practicing real estate broker, who took her online broker courses while working as a salesperson in a real estate firm. She studied in the evenings and after the children were in bed for the courses required for the broker licensing exam. The study material was complete and helpful and provided enough tests and preparation for the exam. Sarah swears by these online education courses which helped her up her career ladder.