In Addition To Passing A Half-Day Exam Of 150 Multiple-Choice Questions With A Grade Of At Least 70% You must meet these requirements as listed in the Department of Real Estate’s “Instruction for Applicants” You must be 18 years of age or older; there is no level of education required You do not need to […]
#1- The MLO Endorsement Must Be Renewed Every Year And The Expiration Date For All MLO Renewals Is December 31st This is the requirement for both Department of Business Oversight and Department of Real Estate members. Loan Brokers from FDIC banks do not need any Federal Approved Education. #2- The Cost Varies For Different Licensees […]
#1- A Notary Commission Is Good For 4 Years There is no grace period. Once your commission expires you will have to start the process all over again including completing a six-hour Notary education course. However, a Notary public who has previously completed an approved six-hour notary public education course and has a current active […]
Everyone Has Their Own Theories About How To Sell Or Manage Real Estate Since I have not been without a tenant for 53 years and have sold some buildings, I have some opinions. As I have said before, do not confuse me with facts as my mind is made up. You can have your truth, […]
Excellent Article In A Recent Edition Of The OC Realtor Magazine Dated May/June 2018. Very informative and a big help to put “Buyers in the Know”. The author: Michelle McCann, Communications Specialist. Myth One: It Costs Less Money To Rent False. Talk to people in their golden years. Many of the people to whom I […]
#1- Can A Notary Notarize A Document For Their Buyer In A Transaction? Yes, the laws allow it, but lenders and escrow companies and your broker might not like it. #2- Is It Legal For A Broker To Work For More Than One Company? Yes, if the companies all agree. #3- If You Have An […]
All BRE Licensees Are Realtors False, the Realtor Associations are basically Trade Associations, optional to join, and fees are required. Some of the people who do not join include many Loan Brokers, Property Managers, Commercial Agents and licensees inactive at the moment. Right now about 180,000 Realtors and 240,000 not Realtors. All Realtors have access […]
Time Is Money – Money Is Time Many licensees forget to evaluate their time and many senior citizen licensees are thinking in the past. If you want to gross $100,000.00 their year, you must earn $2,000.00 a week (2 week unpaid vacation). That works out to $50.00 an hour for a 40 hour week. If you […]
When Most People Discuss Getting A Real Estate License, They Think Only About Listing And Selling Houses However, that is not the only reason for having a license. There are about 420,000 California Licensees at this time. There are about 180,000 Realtors. Almost all people who specialize in selling houses belong to this group. There […]
This Could Be Considered A Rant And Not A Post I believe that if someone is a Real Estate Salesperson, the next logical step for advancement is to become a broker. Yes, I know you think that I have a hidden agenda in recommending that everybody becomes brokers. It is not a hidden agenda. It […]
