REAL ESTATE BROKER REQUIREMENTS

Real Estate Broker's

• Applicants for a broker's license must have worked full-time as a salesperson for at least two years. 

• The broker's work experience requirement may be waived if the applicant has a college bachelor's degree.

• In addition to work experience, an applicant for a broker's license must have completed (8) eight college-level real estate courses, including:

  • Appraisal

  • Accounting or Economics

  • Finance

  • Legal Aspects

  • Practice.

NOTE: Applicants for the salesperson's license far outnumber those for the broker's license. Of the 58,193 total applications filed in 1994, 85% were for the salesperson's license.

Real Estate Salesperson (Agents)

• Real estate agents must be licensed as either salespersons or brokers.

• No experience is required for a salesperson's license.

• Anyone may take the salesperson's exam after completing a college level course in Real Estate Principles (see below)

NOTE: However, salespersons may not operate as independent agents and MUST BE employed by a broker.

Obtaining a Real Estate Salesperson's license involves:

• (1)  The applicant must complete a college-level course in Real Estate Principles. ContractorsLicense.Com provides a home study course that has been approved (Cert #1541-95) by the Department of Real Estate (DRE) and the Council for Private Postsecondary and Vocational Education.

• (2)  A transcript showing completion of the Real Estate Principles course must be submitted with an Examination Application to the DRE.

• (3)  After passing the exam, the applicant receives the Salesperson License Application. The forms must be completed and returned to the DRE with a set of fingerprints.