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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 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]
The National Association of Real Estate Brokers (NAREB) is a real estate trade organisation that was established on July 29, 1947. NAREB was created by African-American real estate professionals as an alternative space for African-Americans who were racially and specifically excluded from the National Association of Realtors .
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
The California Real Estate Act has two core components: licensing and enforcement. [1] [2] Both licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies. [2]
The community is governed by the city of Richmond directly and has its own neighborhood council the North & East Neighborhood Council that delegates between the Central Richmond communities residents and businesses with local government. [1] The council is headquartered at the Recreation Center at 3230 Macdonald Avenue. [1]
The area hosts an 850-berth marina. Marina Bay Yacht Harbor is also known as Richmond Marina Bay and was built by the City of Richmond in the early 1980s. The berths are divided into four sections along the north shore: D-Dock, E-Dock, F-Dock & G-Dock (from east to west).
The community maintains a neighborhood council that delegates the community's issues with the city council, known as the Richmond Heights Neighborhood Council. The council meets at 6028 Ralston Avenue at the Serra Adult School campus. [4] The neighborhood is in Richmond Police Department district 3. The entire neighborhood is served by one ...