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Real estate licensing stuff

Latest Department of Real Estate statistics

Licence

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.Heading { display: table-row; font-weight: bold; text-align: center; } .Row { display: table-row; } .Cell { display: table-cell; border: solid; border-color: gray; border-width: thin; padding-left: 5px; padding-right: 5px; } .cell_1{ width: 620px; height: 20px; } .cell_2{ width:300px; } .cell_3{ width:80px; height:19px; } .cell_4{ width:300px; height:19px; } .cell_5{ width:80px; height:19px; } .p_table{ color: gray !important; font-size: 17px !important; } .p_table1{ color: gray !important; font-size: 17px !important; text-align:left; } 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

By Kartik Subramaniam

November 06, 2008

Real estate licensing stuff

What's on the real estate salespersons exam?

Licence

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!

By Kartik Subramaniam

November 03, 2008

Real estate licensing stuff

What is Livescan?

Digital fingerprint

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!

By Kartik Subramaniam

October 23, 2008

Real estate licensing stuff

Can I obtain a real estate license if I have background issues?

Criminal background check paperwork being filled out

Well, the short answer to this is - it depends. First of all, I am not the Department of Real Estate and have no idea whether or not the DRE will approve or deny YOUR specific circumstance. However, Read more...

Well, the short answer to this is - it depends. First of all, I am not the Department of Real Estate and have no idea whether or not the DRE will approve or deny YOUR specific circumstance. However, there are a few hard and fast rules that reign true:1. DISCLOSE, DISCLOSE, DISCLOSE! The DRE will find out out of you have omitted some portion of your background. This may be construed as attempting to obtain a license by fraud and could result in your license application being denied.2. If the DRE does grant you a license, they may require your supervising broker to sign something stating that they are aware of your past. 3. From the DRE Guide to Obtaining and Maintaining a license"In the event you have one or more offenses to report, please take extra care to disclose all actions and convictions regardless of how long ago they occurred, or whether or not a conviction has been expunged under Penal Code Section 1203.4, or a similar statute. The failure to disclose charges/convictions will result in substantial delays in the processing of your application and may also result in denial of the license application."So even things that were expunged from your record must be disclosed to the DRE.Bottom line: When in doubt, disclose!

By Kartik Subramaniam

October 11, 2008

Real estate licensing stuff

Are you a lawyer that wants a real estate license in California?

Lawyer studying for the real estate license exam

If you are a licensed attorney in California you are exempt from the college-level course requirements in order to obtain a real estate salesperson or California brokers license. In other words, you Read more...

If you are a licensed attorney in California you are exempt from the college-level course requirements in order to obtain a real estate salesperson or California brokers license. In other words, you can pop right into the sales license exam without needing to complete Real Estate Principles, Real Estate Practice, or the elective classes that are normally required. Evidence of admission to practice Law in California must be furnished, such as a photocopy of both sides of a California State Bar membership card. However, the requirements for an attorney to qualify to take the broker exam are different. If you are a licensed attorney in California, you must have two years full-time licensed sales experience within the last five years or have at least two years real estate related experience within the last five years related to your law practice. Before applying for the broker exam, licensed attorneys will need to submit a RE 227 Equivalent Experience Verification document form outlying this experience along with their brokerexam or broker exam/license combination application. ADHI Schools has had many licensed attorneys in California take our program and obtain either a sales or broker license. By the way, nothing waives the requirements for either real estate exam itself. All real estate license applicants regardless of experience or education must pass the state exam for either license. One last tip - you can't have both the sales and broker license at the same time in California - it's one or the other. Got questions? Call ADHI Schools, LLC at 888 768 5285 or visit adhischools.com for more information!

By Kartik Subramaniam

September 23, 2008
 

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