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A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [5]
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many other countries.
Licensing standards can differ widely from state to state, and the fields and occupations which states require to be licensed may differ widely. Some states may require a written examination for a license, while others may require several years of field experience as a student or intern, or both.
In response to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), the California Legislature enacted the Real Estate Appraisers Licensing and Certification Law in 1990 as an amendment to the Real Estate Law. [1] [6] State regulations are codified at Chapter 6.5, Title 10 of the California Code of ...
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A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S, this commission can generally range between 5-6% of the property's sale price for a full-service broker but this percentage varies by state and even region. [2]
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