How To Become A Licensed Real Estate Broker In California
With the housing market well on the way to complete recovery, many licensees are making the move to become a real estate broker in California. After all, one of the benefits of a forming a career in real estate is the control it allows you in shaping your personal success. The step towards becoming a broker is the beginning of an exciting new chapter in the life of a real estate professional. There is no need to wait for a promotion. A real estate licensee is able to simply make the decision to sign up for broker training and the state exam. Once this decision has been made, it may be only a matter of weeks before you are working as a California broker. Real estate sales associates in California who are ready to take the next step in their real estate careers can begin the process of becoming a licensed real estate broker by completing the state’s requirements for licensure.
California Real Estate License Requirements
- The first requirement is the age: if you are applying for the real estate license you must be 18 or older
- The second requirement is legal residence: you have to provide a proof of legal residence; residency in California is not essential; what concerns out-of-state residents – they have to file a Consent to Service of Process (RE 234) with the Department of Real Estate, with fingerprints and there is $56 fingerprint fee
- If you have a 4-year degree from a college, there is a possibility to be exempted from the 2-year salesperson experience requirement. But you have to prove it and submit a copy of your diploma. One more important thing to remember is that you have to show transcripts that you’ve completed 8 college-level courses. Remember these requirements if you want to get Real Estate Broker License in California.
Real Estate Broker Licensure Exam in California
You will pass your exam at one of the five main offices in California. Also, you are able to schedule your real estate exam date online. There is a possibility to get some help over the phone, just call one of the main California real estate offices and they will help you.
If you have been convicted of crimes in the past, you may not be eligible for a real estate license in California. You must disclose on your real estate license application any crimes of which you have been convicted.
Before taking the real estate sales person exam, it is essential to complete and pass the Real Estate Principles Course, the Real Estate Practice course, and one more real estate course of your choice. A list of the courses can be found on the California Department Real Estate website.
There will be 150 multiple choice questions on the California salesperson real estate exam. You are given 3 hours and 15 minutes to complete the exam. At least 70% of the questions must be answered correctly (that is 105 questions answered correctly).
You can take one simple function calculator with you. You cannot take any books with you or any additional material. You will be given a blank paper to calculate math questions, and you have to return this paper after you complete the exam. Cell phones must be turned off in the exam room. If you are caught cheating, you automatically fail the exam.
The California real estate license exam will focus on such seven categories. The questions will be proportioned as follows:
Ownership of land 18% (27 questions)
Agency Law 12% (18 questions)
Real estate appraisal valuation 12% (18 questions)
Real Estate Finance 13% (19.5 questions)
Transfer of Property 9% (13.5 questions)
Contracts 12% (18 questions)
Practice of Real Estate and Disclosure 24% (36 questions)
The fee to take the real estate salesperson exam is $25. You can see the results of your exam five days after it has been completed, just call the licensing automated system.
California Real Estate License Reciprocity Agreement
California does not have a reciprocity agreement with any other state.
Real Estate Broker Software
The Right Tools
The most professional real estate workers often require software to efficiently sort through paper work. It has been pointed out that good software such as Brokermint can transform a real estate business for the better. Back office software should be able to create a consistent and manageable flow from lead generation to closing and accounting. It should be able to cross integrate with Contact Management systems (CRM), MLS and Accounting Packages. The main goal of this type of software is to help real estate experts save time managing day-to-day operations, get instant visibility on production data and remain in compliance with regulations.
Software like Brokermint perfectly fits for small companies that recently started their real estate business.
There are other tools that are useful to real estate agents. Having a strong social media presence through sites such as Facebook or LinkedIn can come in very handy in attracting potential customers. Also consider using Zillow and Trulia. These websites help track information on available real estate properties in local areas. Be sure to familiarize yourself with the kinds of tools that real estate brokers need to work in the field. It is a necessity to feel prepared in this business.
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