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BROKER LICENSE
Getting
Licensed:
What
is required to obtain a Broker License?
1-
Education:
To obtain a
real estate broker license a person must complete
8 college-level courses; The Department of Real Estate mandates
five courses and three are elective courses. The five mandated courses
are asterisked. The elective courses may be chosen from the remaining courses listed.
Note: if a student has credit for general Accounting and
Economics, only two other electives are required.
| Legal
Aspects of Real Estate* |
The
courses in bold type are offered online by Clare Institute. |
| Real
Estate Appraisal* |
| Real
Estate Finance* |
Real
Estate Economics*
or General Accounting |
| Real
Estate Practice* |
*
courses mandated by Department of Real Estate |
| Property
Management |
|
| Mortgage
Loan Brokering & Lending |
| Real Estate Principles |
| General
Accounting |
| Business
Law |
| Escrows |
| Real
Estate Office Administration |
| Computer Applications in RE |
| Common Interest Developments |
2-Experience:
In
addition
to the education requirement, you must have
either a four- year college degree or 2 years full-time (or 4 years
part-time) experience as a salesperson or experience the Department
of Real Estate recognizes as equivalent experience.
3-Broker
Lincense Examination:
You
must successfully pass the Real Estate Broker examination with a
score of 75% or better.
4-Age
While there is no minimum age requirement for taking
the college level courses, you must 18 years of age to apply
for the Broker License.
5-Residence
Residency
in the state of California is not a requirement. However, the applicant
must meet the educational and experience requirements, and successfully
pass the California Broker License Examination.
6-Honesty
License application must be honest and truthful. Conviction
of a crime that is either a felony or involves moral turpitude may
result in denial of a license. Failure to reveal a criminal conviction
on an original license applicant may result in the denial of a license.
7-Proof
of Legal Presence in the United States
Effective
August 1, 1998, all license applicants for an original or renewal
license will be required to submit documentation showing legal presence
in the United States. The most common document used for establishment
of US citizenship is a birth certificate or passport. Residency
in the state is not a requirement. Aliens in the United States legally
must show appropriate documentation of their status. US Citizenship
is not a requirement for a broker License.
BROKER LICENSE FEES
What
are the license fees?
There is a $50.00 test fee required when you apply for the
state examination. The license fee is $165.00 plus a fingerprint
processing fee.
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