How to Qualify as a California Licensed Broker

How to qualify as a California Real Estate Broker

In California, the state requires any person representing clients in real estate transactions to obtain a valid real estate license. A real estate salesman, agent or salesperson’s license can be easily obtained with a minimal number of mandated classes with no experience n the industry. However, the state also requires that agents or salespersons work under the supervision of an experienced broker. Most of these agents and salesperson are employed by the California licensed broker.

To become a California real estate licensed broker requires additional training and experience. Basically, the holder of a broker’s license in California is allowed to perform real estate transactions without working under another real estate broker.

The steps to become a California licensed broker

1. Basically, an applicant must have completed any of the mandatory college-level courses. These courses are not hard to look for and are generally offered at California public universities, community schools, private real estate schools and some correspondence colleges.

The state mandated courses shall include subjects on the Real Estate Practice and Legal Aspects of Real Estate, Real Estate Appraisal, Real Estate Accounting, Economics and Finance, and the Real Estate Principals.

Additionally, the course must include completion of at least three of these important subjects like; Mortgage Loan-Brokering and Lending, Property Management, Real Estate Office Administration, Advanced Legal Aspects of Real Estate, Business Law, Advance Real Estate Finance, Advanced Real Estate Appraisal, Computer Applications in Real Estate, and Common Interest Developments or Escrow Management.

2. Secondly, provide proof and valid documentation of experience as an active licensed real estate salesperson for the past two years in California. The Employment Verification (RE 226) form which can be prepared by your employing broker is the valid document necessary for this requirement. .

3. You can now obtain the California Real Estate Broker Examination Application form from the California Department of Real Estate (DRE) or download it from their website. Fill out the form completely and submit the form. Pay the required fees to the California Department of Real Estate (DRE).
4. From real estate salespersons to real estate brokers, California requires all applicants to submit to an approved Live Scan provider for a complete set of fingerprints for criminal background checking.

5. The California Real Estate Broker Examination will last up to 5 hours. It is divided into 2 sessions at 2 1/2-hours per session. There are 100 multiple choice questions that are given in each session.

The Broker Examinations are administered and can be taken at the California Broker Examination facilities in San Diego, Los Angeles, Sacramento, Fresno, and Oakland. Choose which location is most accessible to you.

Exams are however scheduled on these locations based on the volume and number of received applicants and its seating capacity.

The California Real Estate Broker Examination requires a passing rate of at least 75% of the questions. By taking the electronic or computerized exam, the applicant can receive test results as soon as you exit the testing facility. The written exam results on the other hand are mailed to you within 5 business days.

6. After successfully completing the above procedures, you can submit your Broker License Application (RE 200), Live Scan Service Request (RE 237) and the required fees within 1 year after passing the exam. After receiving the license, you are now legitimate California licensed broker.