The following is all the information needed for obtaining a broker license and how@ Home Prep can help pass the state exam!
| License Education: |
Applicants for a real estate broker license examination must have successfully completed the following eight statutorily required college-level courses:
- Real Estate Practice; and
- Legal Aspects of Real Estate; and
- Real Estate Finance; and
- Real Estate Appraisal; and
- Real Estate Economics or Accounting; and
- Three* courses from the following list
- Real Estate Principles
- Business Law
- Property Management
- Escrow
- Real Estate Office Administration
- Mortgage Loan Brokering and Lending
- Advanced Legal Aspects of Real Estate
- Advanced Real Estate Finance
- Advanced Real Estate Appraisal
- Computer Applications in Real Estate
- Common Interest Developments
*If both Real Estate Economics and Accounting are taken, only two courses from the above group are required
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| Continuing Education: |
Broker first renewal
Real estate brokers renewing an original license for the first time must complete 45 clock hours of DRE-approved continuing education consisting of:
- Five separate three-hour courses in the following subjects: Ethics, Agency, Trust Fund Handling, Fair Housing, and Risk Management;
- A minimum of 18 clock hours of consumer protection courses; and
- The remaining clock hours required to complete the 45 hours of continuing education may be related to either consumer service or consumer protection courses
Broker second and subsequent renewals
For subsequent renewals, all real estate brokers and salespersons must complete 45 clock hours of DRE-approved continuing education consisting of:
- Either 12 hours of continuing education courses in the following subjects: (Ethics, Agency, Trust Fund Handling, and Fair Housing) OR one six-hour course that covers the four mandatory subjects (Ethics, Agency, Trust Fund Handling, and Fair Housing);
- One three-hour course in Risk Management; and
- At least 18 clock hours of consumer protection courses; and
- The remaining clock hours required to complete the 45 hours of continuing education may be related to either consumer service or consumer protection courses.
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| Other Requirements: |
- Must be 18 years old
- Must have a high school diploma or GED
- 2 years experience as a full time salesperson
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| Applications: |
To apply, contact the state of California (916) 227-0931. There is a $120 application fee that must be submitted with the application. |
| Reciprocity |
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| Examinations: |
- The test is administered by the state. To set up your exam, contact the commission at (916) 227-0900
- The exam fee is $50
- Must obtain a 75% to pass
- The exam is in written format, with a time limit of 3 hours and 15 minutes
- Topics include property ownership and land use controls/regulations, laws of agency, valuation and market analysis, financing, transfer of property, practice of real estate and mandated disclosures, contracts
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| Helpful Books: |
- Real Estate Fundamentals, 6th Edition
- Modern Real Estate Practices, 16th Edition
- Real Estate Law, 5th Edition
- Marketing Real Estate, 3rd Edition
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| How We Can Help: |
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