Requirements For A Real Estate License In California
Real estate is a lucrative industry that opens up endless opportunities for people looking to make a career in it. However, before you can begin selling homes and properties in California, you must first obtain a real estate license. This article outlines the requirements for obtaining a real estate license in California.
Age Requirement
The first requirement for obtaining a real estate license in California is that you must be at least 18 years old. If you are under 18, you will not be allowed to apply for a real estate license.
Pre-License Education
Before you can apply for a real estate license in California, you must complete pre-license education. You need to fulfill three college-level courses in real estate principles, real estate practice, and one elective course. The courses must be approved by the California Bureau of Real Estate (CalBRE). The courses are available at community colleges, private schools or online. You must pass each course with a minimum of 70% or higher.
Exam Requirement
After completing the pre-license education, you need to pass the California Real Estate Salesperson Exam. The exam consists of 150 multiple-choice questions, which you must complete within 3 hours and 15 minutes. You need to score a minimum of 70% or more to pass the exam. You can register for the exam online or by mail.
Background Check
As a real estate agent, you will be trusted with sensitive information and financial transactions. Therefore, the CalBRE requires all applicants to undergo a background check. The background check includes a fingerprint scan and a review of any criminal records. You must also disclose any convictions, plea bargains, or deferred judgments in your application.
License Application
After passing the exam and completing the background check, you can submit your license application to the CalBRE. You need to fill out the application form, attach your exam results and proof of pre-license education completion, and pay the application fee. The fee for a real estate salesperson license application is $60.
Continuing Education
Once you have obtained your real estate license, you are required to complete continuing education courses to renew your license every four years. You need to complete 45 hours of CalBRE-approved continuing education courses, including 18 hours of Consumer Protection courses, within the four years.
Conclusion
Obtaining a real estate license in California requires fulfilling several requirements, including pre-license education, passing the exam, undergoing a background check, and submitting the license application. Once you have obtained your license, you must complete continuing education courses to renew it every four years. By fulfilling these requirements, you can start your career as a real estate agent and take advantage of the endless opportunities in the industry.