Robert Adams is a broker associate with Prudential California Realty. He previously was the broker/owner of a boutique real estate company "Adams and Associates" in Rancho Cucamonga, California. Adhi Read more...
Robert Adams is a broker associate with Prudential California Realty. He previously was the broker/owner of a boutique real estate company "Adams and Associates" in Rancho Cucamonga, California. Adhi Schools operating a real estate school location there from 2005-2006. Adams and Associates eventually merged into Prudential California Realty and Mr. Adams served as manager and broker of record there.Robert brings not only a unique ability to inspire and motivate - he's never left the trenches. I asked him five questions, and his responses are below.Q: How long have you been in real estate?A: 20 yearsQ: What attracted you to the business?A: I was working at a credit reporting company primarily looking at mortgage applications. I noticed that many of the applications showed real estate owned with values of $150,000 and balances of only $50,000 for example. This was a sign to me that owning or being around real estate was a great way to make money.Q: What is the maximum number of deals you have done in one year?A: 63Q: What does that translate into in terms of income?A: Probably somewhere around $500kQ: Any tips for a new agent?A: Before you get in stop and think about what you want out of the business. Do not sell yourself short, you can make as much as you like, be very committed. Don’t go in halfway, commit to it and you'll find it might be the best way of life you could have imagined!
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My sister was born with cerebral palsy, I am intimately familiar with those affected by physical disabilities. The Department of Real Estate has a form that you can use, if needed, to request special Read more...
My sister was born with cerebral palsy, I am intimately familiar with those affected by physical disabilities. The Department of Real Estate has a form that you can use, if needed, to request special accommodations during your state exam.Here is an excerpt from the form""In compliance with the Americans with Disabilities Act (ADA), Public Law 101-336, the Department of Real Estate (DRE) provides “reasonable accommodations” for examination applicants with disabilities. It is the applicant’s responsibility to notify DRE of alternative arrangements needed. DRE will provide special accommodations once your accommodation needs are documented. The information requested below and any documentation regarding your disability will be considered strictly confidential and will not be shared with any outside source without your express written permission."In 2006, I brought this to the attention of the California Department of Real Estate at an open forum and DRE executive Barbara Bigby assured me that the DRE is committed to providing examinees with accommodations in compliance with the Americans With Disabilities Act.ADHI Schools is committed to providing a world-class learning experience. Please let me know if we can help in any way!
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There are basically two ways to work for someone. You could be an independent contractor or an employee. When you are acting as an employee, the employer is generally liable for whatever you do while acting Read more...
There are basically two ways to work for someone. You could be an independent contractor or an employee. When you are acting as an employee, the employer is generally liable for whatever you do while acting in the scope and course of employment. This is known as the doctrine of respondent superior or, "let the master answer".In real estate, while typically treated as an independent contractor for tax and compensation purposes, salespeople are employees of the broker in the eyes of the law and Department of Real Estate.Therefore, if you are showing property and are involved in an accident, you (as well as the broker under respondent superior) would be liable if at fault. Again, this is because at the time of the accident you were acting in the scope and course of employment as a real estate agent employed by that broker.This is why the broker is listed on your car insurance policy as an "additional insured" also covered against claims made against the insurance up to the purchased limits.I wanted to blog about this because many of you are going to go on to great careers in the industry and I don't want you to think that a broker is being unreasonable by asking to be added as an additional insured on your car insurance. It is legitimate - and now you have the back story! In fact, the third page of the most recent California Association of Realtors Independent Contractor agreement says this explicitly. It even dictates the amount of coverage you must have. Many brokers require $100,000/$300,000.Any questions, give us a call or email!
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The following is an interview with Sophia Lopez, the administrative manager of ADHI Schools. She is a licensed real estate salesperson and has been with the company since 2005. Q: How did you end up working Read more...
The following is an interview with Sophia Lopez, the administrative manager of ADHI Schools. She is a licensed real estate salesperson and has been with the company since 2005. Q: How did you end up working with the school?A: I was working with another real estate company that was downsizing. Kartik taught a class there and ended up hiring me right away!Q: What do you think sets our school apart from others?A: Accessibility to our staff and the live element of our courses. Come check out one of our classes!Q: You have seen hundreds and hundreds of students come through our doors. What do you think separates successful students from unsuccessful ones?A: Determination and students that are persistent and eager to learn. Asking questions is a must.Q: Do you have any advice for those applying for the exam?A: Go to one of our crash courses and do questions and answers over and over again.Q: As an assistant to Kartik Subramaniam, you have seen real estate agents that succeed and those that are less successful. Any advice for new agents?A: Don't get discouraged and stay focused. Come to the office everyday. Something will pop up! Treat this business like a regular job.Sophia can be contacted at sophia@adhischools.com
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In order to obtain a real estate license in California, you must prove that you have legal presence in the United States. This basically means that you must be here legally. There are a few different Read more...
In order to obtain a real estate license in California, you must prove that you have legal presence in the United States. This basically means that you must be here legally. There are a few different ways to establish this. If you are a citizen, the most common ways are with either a birth certificate or a passport.If you are a legal alien, you would most likely establish this by providing a copy (front and back) of a "green card".There are a few more obscure ways of fulfilling this Department of Real Estate requirement. You can find them here:LinkPlease give us a call if you have any other questions!Good luck!
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These are as of September 2008 from the Department of Real Estate website
September 2008
This month
Last month
12 months ago
24 months ago
Licensee Population:
Brokers
152,832
152,854
149,189
139,822
Salespersons
384,753
386,510
394,005
374,462
Total Licensees
537,585
539,364
543,194
514,284
Real Estate Licenses Issued:
Original Broker
Original Broker
571
728
749
514,284
Original Salesperson
1,160
1,240
2,940
Examinations:
Broker Administered
999
914
842
Salesperson Administered
1,590
1,855
14,918
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According to the Department of Real Estate, the salespersons examination consists of the following topics with the following distribution of questions in percentage terms:Property Ownership and Land Use Read more...
According to the Department of Real Estate, the salespersons examination consists of the following topics with the following distribution of questions in percentage terms:Property Ownership and Land Use Controls and Regulations (approximately 18% of exam)Laws of Agency (approximately 12% of exam)Valuation and Market Analysis (approximately 12% of exam)Financing (approximately 13% of exam)Transfer of Property (approximately 9% of exam)Practice of Real Estate and Mandated Disclosures (approximately 24% of exam)Contracts (approximately 12% of exam)Notice that the "practice" section of the exam consists of about one-quarter of the test! (About 40 questions!)Study hard!
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Livescan fingerprinting is an electronic method of capturing and distributing fingerprints. The Department of Real Estate requires that all applicants for a salesperson or broker license have a Livescan Read more...
Livescan fingerprinting is an electronic method of capturing and distributing fingerprints. The Department of Real Estate requires that all applicants for a salesperson or broker license have a Livescan done and pass a background check by the Department of Justice and the FBI. In a previous blog, I talked about criminal history and a real estate license. Just a quick reminder that you have to have a Livescan done to get a license. The form that you would use to get this can be found hereAlso, a list of Livescan service providers can be found hereIt is my experience that a lot of the centers on that list have moved or are no longer in business, so I would call ahead and talk to someone before you go. Some of the centers require an appointment, so be sure to check them out before you drive out. As always, I am here to help. Contact me with any questions!Good luck!
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The Prudential Legend award is given to Prudential real estate agents that have achieved Chairman's Circle at least 5 times. Currently, Chairman's Circle is at least $300,000 in income or 70 residential Read more...
The Prudential Legend award is given to Prudential real estate agents that have achieved Chairman's Circle at least 5 times. Currently, Chairman's Circle is at least $300,000 in income or 70 residential units sold in one year. I had the opportunity of having breakfast with a Legend inductee Daniel Bryant, broker/owner of Prudential California Realty in Sierra Madre. Bryant has had offices in Monrovia, Pasadena and Sierra Madre. Formerly he has held senior positions at Bank of America and Cushman and Wakefield.On a recent Sunday morning I met Mr. Bryant for breakfast at the San Gabriel Country Club where he is a member. We talked about the state of the real estate market and what it takes to be successful.To paraphrase our conversation:Dan echoed something that I head often from brokers and managers about the business: "Treat this like a job. Show up at a certain time every day and go to work. You will get business."Send handwritten notes every day. These really make an impression.Market to people that you have existing relationships with. They know, trust and like you already. This is a great place for new agents to start looking to get business.Real estate is all local. Certain markets will get hit harder than others. Know yours - your clients are counting on you.Dan Bryant is always looking for new salespeople. He can be reached at danielbryant@earthlink.net.
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Ughh. The age old question. Real estate is all about image and flash, isn't it? I say hell no! As long as your car has the following you should be fine:Air conditioningHeatingKEPT CLEAN AT ALL TIMESThere Read more...
Ughh. The age old question. Real estate is all about image and flash, isn't it? I say hell no! As long as your car has the following you should be fine:Air conditioningHeatingKEPT CLEAN AT ALL TIMESThere is no need to put yourself in debt as you start this career. Some managers say "Go out and buy yourself that new car. The payment will make you work harder!" Is your manager/broker going to make your car payment for you until your deals close? Why put that undue pressure on yourself, especially in this soft market. Wear clean, well-pressed clothes. Pick up your phone. Return calls. Have a clean car. Most of all - DO YOUR JOB.
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