Obtaining and keeping a license in California Flashcards
How many required courses by the DRE are required for a real estate license?
3
How many courses are required by the California DRE for a brokers license?
8
Will an applicant convicted of a crime of moral turpitude be denied a license?
Yes, be truthful
How many hours of continued education do you need to renew your license and when do you need to complete this by?
Complete this before the four year renewal with 45 hours of CE.
Who does not need continued education for your real estate broker license?
50 years of experience AND 70 years old
What is a MLO?
Mortgage loan organizer. Must take a course and renew license, yearly with fees.
What must a real estate license who obtain the MLO endorsement do?
They must complete 20 hours of education, pass and examination, submit, fingerprints, to NMLS & R, and authorize a credit report poll.
How often must you renew a MLO?
Every year
How long is a real estate license valid?
Four years
How do you change to a different brokerage?
The broker must notify CalDRE and give license to real estate person and then new brokerage and licensee complete change of application.
When do you have to retake your real estate license? If you have not re-registered and renewed license.
After two years
What if you are only 30 days past expiration date of renewal of license?
Complete continued education requirements in cement, a renewal and late fee
Is the broker liable if real estate agent does not comply with fair housing and violates it?
Yes
