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Real Estate License Information |
Is
Real Estate Sales A Career For You?
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5 easy steps to obtaining your Real Estate license:
Step #1 - Study and pass your Real Estate courses
You must Complete three mandatory Real Estate Courses: Real Estate Principles, Real Estate Practice, and one Elective Course such as Finance. The Institute of Real Estate offers these classes in three ways:
Online Classes
Home Study Program for $288
Accelerated Optional Live Study Group with Facilitator for $398
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SAMPLE SCHEDULE
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REAL ESTATE PRINCIPLES (DRE# 1858-02)
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FIRST THURSDAY (optional)
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6:00 p.m. - 10:00 p.m.
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FIRST SATURDAY (optional)
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9:00 a.m. - 1:00 p.m.
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THIRD THURSDAY (optional)
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6:00 p.m. - 10:00 p.m.
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THIRD SATURDAY (optional)
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9:00 a.m. - 4:30 p.m.
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REAL ESTATE PRACTICE AND FINANCE (DRE# 3248-10 & 3249-10)
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REAL ESTATE PRACTICE: SECOND TUESDAY
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5:30 p.m. - 10:00 p.m.
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REAL ESTATE FINANCE: THIRD TUESDAY
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5:30 p.m. - 10:00 p.m.
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Students must be enrolled 36 days prior to class date.
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If you choose the Home Study Program then you can choose from several elective courses, in addition to Real Estate Finance. Once you have completed the three courses, take an open book/note final exam and you must pass with at least 70% correct.
Step #2 - Apply to State of California Department of Real Estate
Once you have completed all three courses you must take your final exam. The Institute will help you apply to the State of California for your final exam date. The cost is $60 and needs to be mailed to the Department of Real Estate along with your proof of completion of all three real estate courses, and a brief application.
Step #3 - Apply for state exam test date
Your CA State Exam will be between 2 and 5 weeks from when you turn in your application. The Institute of Real Estate offers a live, weekend, One-Day Cram Course for the State Exam. The cost is $99 and you can repeat the course one additional time for free. This is not mandatory, but highly recommended, and dramatically increases exam passing rates.
Step #4 - Take state exam
Once you have taken your State Exam you will find out immediately if you have passed. If you passed, The Institute of Real Estate will guide you through the licensing process. The State will mail you a license application and there is a $245 license processing fee. In addition, you are required to pay $75 for fingerprinting and a background check. If you happen to fail, you can re-apply online at the Department of Real Estate to re-take your exam. There are no restrictions on how many times it takes you to pass.
Step #5 - Start your career
Congratulations, you did it! The Institute of Real Estate will help you plan a successful career including enrollment in London Properties' eight-day post-license training course, called "FasTrac". This class is free and packed with valuable information, taught by the most successful Realtors® in America. For questions, or to enroll in any of these courses, please call Barbara or Jan at The Institute Of Real Estate at (559) 436-4080. We will reimburse your class cost at close of your first escrow.
London Properties is the Valley's #1 Real Estate Company and consistently has more top-producing Realtors® than any other Broker in the San Joaquin Valley. Not only have we been ranked as the number #1 selling Real Estate company from Merced to Bakersfield, we have out-produced 99.5% of all Real Estate Companies in America every year for the past 10 years.
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Licensing Steps For Broker's License |
An applicant for the Broker
examination must have completed eight
college-level courses, in addition to the
experience/educational requirements. These eight
courses must include the following:
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Real Estate
Practice
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Legal Aspects of
Real Estate
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Real Estate
Finance
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Real Estate Appraisal
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Real Estate Economics or Accounting
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And three* courses from the following group:
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Advanced Legal
Aspects of Real Estate
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Advanced Real
Estate Appraisal
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Advanced Real
Estate Finance
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Business Law
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Common
Interest Developments
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Computer
Applications in Real Estate
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Escrows
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Mortgage Loan
Brokering and Lending
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Property
Management
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Real Estate
Office Administration
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Real Estate
Principles
* If applicant
completes both Accounting and Real Estate
Economics, only two courses from group "f"
are required.
Experience
A Broker applicant
must have two years of full-time experience
as a licensed Real Estate salesperson within
a five year period immediately preceding the
application date. For further information,
including examples of acceptable types of
equivalent experience and the forms that
will be required, refer to the Instructions
to License Applicants booklet available at
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