hi all,
I've always been on the buy side, so I have no idea about becoming a broker.
My wife would like to become a real estate salesperson and then later broker in CA.
I've been really struggling going through all the materials on the CA Bureau of Real Estate pages trying to make sense of the application process.
Can someone who has been thru it please break it down for me in digestable chunks?
Sorry for the noob question but it's just so convoluted how CABR present the process.
-M
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It's been a long time since I got licensed, but I believe you need to pass the open book test called "Real Estate Principles" before you do anything else. After you pass Principles you can apply for a test date. Always get a test date on a Monday or Tuesday. You want to then get yourself a weekend crash course through Real Estate Trainers (with an s at the end). You'll get brainwashed on Saturday and Sunday at the crash course.
Once you take the exam and pass (they tell you right away now) you then apply for your license.
Don't bother trying to learn anything during the study process. Just take the crash course.
The broker exam is a whole different task with regard to studying. You actually have to study a few months for the one.
I did mine all online. I went through them quickly but couldn't move to the next class for at least 18 days. Something to do with them logging the minimum number of educational hours needed. Once I finished all three, got the certificate to apply to the BRE to take the test.
I'm borderline retarded when it comes to school/taking exams (probably due to undiagnosed ADD) and I passed on my first try. I studied literally for less than an hour before the test, on my phone. A lot of vocabulary, and some algebra. I was the first one done and went through it again and changed a few of my answers. Not sure what I got as they only tell you your score when you fail. I think you needed to get at least 70% correct to pass.
Should be easy AF for anyone who's graduated college, though I know of two people who had to take it four times. One of them is a total retard (which says a lot coming from me) who pulls in $2MM+/year on the resi side. Total moron but he kills it.
sorry, I should clarify this was for the salesperson license. The broker exam is definitely much harder as you need to take 6 or 7 required courses vs 3.
Unless she is planning on opening her own independent brokerage firm, stick with the salesperson. I've been told that in the event of a lawsuit, they will hold you to a higher standard of care when you have the broker's license while operating as a salesperson or "broker associate" under someone else's license.
When I was in residential, our firm was pretty big and did mostly luxury homes, so we were a target for plaintiff's attorney's. There were cases our broker would discuss with us so as we don't make the same mistakes in the future- and this is while the economy is good.
I can only imagine during our next recession, I'm sure there will be a shit ton more litigation between clients and the brokers will always be named in the suits.
Salesperson: https://www.careerwebschool.com/real-estate/california/new-license/?par…
Broker: https://www.careerwebschool.com/real-estate/california/upgrade-license/… This is the company I used for my online classes.
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