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How to get your real estate broker license in california

Looking to become a licensed real estate broker in California? This article provides a step-by-step guide on how to obtain your broker license, including the requirements, application process, and FAQs.

Introduction:

Are you passionate about the real estate industry and ready to take your career to the next level? Becoming a licensed real estate broker in California opens up a world of opportunities for you. However, navigating the process of obtaining your broker license can seem overwhelming at first. Don't worry, though, as we've got you covered!

In this comprehensive guide, we will walk you through the steps to obtain your real estate broker license in California. From understanding the requirements to completing the application process, let's dive right in!

Requirements for Obtaining a Real Estate Broker License in California

To become a licensed real estate broker in California, you must meet the following requirements:

  1. Age and Legal Status:

    • Be at least 18 years old
    • Must have legal residence or presence in the United States
  2. Education:

    • Complete eight college-level real estate courses:
      • Real Estate Practice
      • Legal Aspects of Real Estate

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What does the real estate term contingent mean

In the world of real estate, there are various terms and jargon that can be confusing for both buyers and sellers. One such term is "contingent." In this comprehensive review, we will delve into what the real estate term "contingent" means in the United States. By the end, you will have a clear understanding of this concept, empowering you to navigate the real estate market with confidence.

What Does the Real Estate Term "Contingent" Mean in the US?

When a property listing is marked as "contingent," it indicates that an offer has been made by a buyer and accepted by the seller. However, the sale is not yet final and is contingent upon certain conditions being met. These conditions typically involve inspections, appraisals, financing, or the sale of the buyer's current property.

  1. Contingencies in a Real Estate Transaction:
    Contingencies are clauses in a purchase agreement that outline specific conditions that need to be satisfied before the sale can be completed. They are designed to protect both the buyer and the seller by providing an opportunity to address potential issues or concerns. Common contingencies include:

a) Inspection Contingency: This


How long does it take to become a real estate broker in California?

If, for instance, you're already an experienced real estate agent in California, you may be able to get your broker license in less than a year. However, if you're new to the real estate industry, it may take as many as three years to meet the California real estate broker requirements.

How do I get a broker's license in California?

  1. Step 1 - Meet the Minimum License Requirements.
  2. Step 2 - Gain Real Estate Experience.
  3. Step 3 - Complete Eight College-Level Broker Courses.
  4. Step 4 - Get Fingerprinted If You Haven't Already.
  5. Step 5 - Submit the Combo Exam/License Application and Fees.
  6. Step 6 - Schedule Your Exam.
  7. Step 7 - Pass the Real Estate Broker Exam.


How much does it cost to get a broker license in California?

Broker

Examination Fee $95
License Fee $300
Fingerprint Fee *
Total Due to DRE with RE 436 $395

Is the California broker exam hard?

If you're considering a career in real estate in California, you may be wondering how difficult the real estate exam is. It's safe to say that the exam is challenging and requires a lot of practice and hard work to pass.

How much does it cost to become a broker in California?

Broker License – License Fees

There is a $95 test fee required when you apply for the state examination. The license fee is $300. Call 1-800-672-4665 and talk to one of our friendlyCustomer Service Reps. See course packages and course enrollment fees.

Frequently Asked Questions

Can you put an offer on a house that is contingent?

If you're interested in a property that's listed with an active contingent status, you may still be able to make an offer. While the initial offer will take precedence if all the contingencies are satisfied, making an offer can put you at the head of the line if the original deal falls through.

How often do contingent offers fall through?

Among contingent offers, less than five percent fall through, according to multiple sources. Broken offers may arise because the buyer isn't able to secure financing or because the seller isn't willing to lower their listing price after a low appraisal.

Why don't sellers like contingent offers?

Contingent offers provide protection to buyers. But there are risks involved, especially for sellers. Because contingent offers require some other event to take place – such as an appraisal of a home for a certain amount or a home inspector giving a residence a passing grade – they can fall through.

FAQ

How long is a contingent offer good for?
30 to 60 days

The contingent period usually lasts anywhere from 30 to 60 days. If you have a mortgage contingency, the buyer's due date is usually about a week before closing. Overall, a home stays in contingent status for the specified period or until the contingencies are met and the buyer closes on their new house.

How much does it cost to get real estate license in Massachusetts?
The total estimated cost to get a Massachusetts Real Estate license is $500-$660.
How hard is the real estate exam in MA?
In order to pass the Massachusetts real estate exam, you'll need a score of at least 70%. Passing the exam is much less stressful for anyone who has completed an Exam Prep course.

How to get your real estate broker license in california

How long is real estate school in MA? 40 hour

The Massachusetts Board of Real Estate Brokers and Salespersons requires the completion of a 40 hour course at an accredited school. Once the course is complete you will receive a certificate that allows you to apply to take the state licensing exam.

Can I take Massachusetts real estate exam online? Testing can now be done in one of the 5 testing centers across the state or online. To take the test online there are a number of requirements (that are still evolving) such as the need to have a working camera and microphone. You also need to be in a room that does not allow for any distractions.
In real estate what does contingent mean? A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met 
  • How long does it take to get a CA broker's license?
    • Complete the 8 Courses and Apply for State Exam

      It takes approximately 6 to 8 weeks for DRE to process your application and schedule your test date. The state exam is administered at several locations throughout the state (Oakland, Sacramento, Fresno, Los Angeles, and San Diego).

  • Is it worth looking at a house that is contingent?
    • Owners whose home is in contingent status can accept a backup offer, and that offer will have precedence if the initial deal does not go through, so if you like a contingent property, it makes sense for you to make an offer on the listing so that you are in position to buy if something goes wrong with that transaction.

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