Requirements for broker license in CA

[Nazzy_17]

Can anyone answer this for me (I’ve looked at the CBRE website but no answer)-
Can I get a broker’s license in CA, to list and sell properties that only I own (not on behalf of a customer) without working under a broker for two years.
I have a Massachusetts broker license, which I was able to get because I am an attorney, but don’t see any reciprocity with California. Also, I don’t think California allows attorneys to waive in?
Any insight or helpful hints would be greatly appreciated.
Thanks!

[spdrun]

Why do you need a broker’s license for what will essentially be FSBO transactions? Seems like a waste of time and money.

If you own the property, you don’t need a broker’s license to sell it. Just go with a flat-fee broker if you need it on MLS. I think some escrow firms will even provide a contract and draw up the required legal forms.

[CA renter]

General Requirements

Age: You must be 18 years of age or older to be issued a license.

Residence: Proof of Legal Presence in the United States is required. If you are not a California resident, see Out-of-State Applicants.

Honesty: Applicants must be honest and truthful. Conviction of a crime may result in the denial of a license. Failure to disclose any criminal violation or disciplinary action in an applicant’s entire history may also result in the denial of a license. For further information, see Avoid Potential Denial of Your License Application (RE 229) Denotes a PDF document and Application Eligibility Information (RE 222) Denotes a PDF document.

Experience: A minimum of two years full-time licensed salesperson experience within the last five years or the equivalent is required. For further information, see Documenting Experience Requirements for the Broker Examination.

http://www.dre.ca.gov/examinees/RequirementsBroker.html

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Education in Lieu of Experience
Major or Minor in Real Estate

An applicant with a degree from an accredited four year college or university which included a major or minor in real estate may be exempt from the two-year salesperson experience requirement. This may be verified by submitting a copy of the transcript showing the degree earned.

Courses completed or degrees earned through foreign institutions of higher learning must be evaluated by a foreign credentials evaluation service approved by CalBRE. See Examination Applicant Foreign Education Information (RE 223) Denotes a PDF document for further information.
Experience Requirements

Members of the California State Bar are statutorily exempt from the college-level course requirements. Evidence of admission to practice Law in California must be furnished, such as a photocopy of both sides of a California State Bar membership card. However, members of the California State Bar would still need to demonstrate that they have satisfied the two years full-time licensed salesperson experience requirement or have at least two years real estate related experience while practicing law in California. Members of the State Bar of California using equivalent experience should submit a RE 227 Equivalent Experience Verification Denotes a PDF document form outlying this experience along with their broker exam or broker exam/license combination application.

http://www.dre.ca.gov/examinees/BrokerExperience.html

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I believe they used to accept any four-year degree (not just RE-related minors/majors) in lieu of RE sales experience, but that seems to have changed. Just going from memory here.

Best of luck!

[Nazzy_17]

I would like full access to MLS to do comps – using zillow and other sights is just not the same as having access to MLS.
Also if I purchase a property and can get a broker fee (or negotiate it into the purchase price) that would be useful.

[spdrun]

(1) Listingbook and SDLookup come out to the same thing as far as comps. Only thing you’re really missing are confidential remarks.

(2) If you want to buy a property and you’re coming in without a buyer’s agent, you can negotiate that the seller’s broker gets their split of the commission (i.e. 2.5-3%, same as a co-broke) and you get a discount anyway.

[Author]

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