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I have heard rumors that a 4 year degree from a college will be required to receive a real estate license after Oct. 2007. Is this true?

2007-02-08 06:46:26 · 6 answers · asked by explicted1 1 in Business & Finance Renting & Real Estate

6 answers

No, not for a real estate license.

However, there are now degree requirements for certain types of real estate appraisal licenses.

2007-02-08 07:25:14 · answer #1 · answered by Lisa A 1 · 0 0

I don't believe it is true yet. I heard that the Department of Real Estate is trying to get that that to happen, but we will see. I hope it is true. Too many idiots are allowed their real estate licenses and it is honestly annoying to deal with people who cant even fill out a purchase contract correctly. Learn to write people!

2007-02-09 02:17:51 · answer #2 · answered by Realagent21 1 · 0 0

Seems a little harsh to me. I have lived there and I was so happy to leave there. I look for a lot of property for sale in Calif in the near future. Reason,,, Calif is being over-run with the wall jumpers and property in general will take a big dip in value.

2007-02-08 14:52:06 · answer #3 · answered by Anonymous · 0 0

Not that I've heard.
I'm also not sure if your refering to California or Canada.

To obtain a real estate salesperson license in California, you must first qualify for and pass a written examination. Those who pass the examination are provided a license application which must be submitted to and approved by the Dept of Real Estate.
You must be 18 years of age or older to be licensed.
Proof of Legal Presence in the United States is required. If you are not a California resident, there are other requirements
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.
No experience is required however the following education is required;
Successful completion of the following college-level courses is required to become a real estate salesperson:

Real Estate Principles (must be completed or in progress to apply for examination and must be completed prior to applying for a license); and

Real Estate Practice (must be completed prior to applying for a license or within 18 months of license issuance); and

One course from the following list (must be completed prior to applying for a license or within 18 months of license issuance):

Real Estate Appraisal
Property Management
Real Estate Finance
Real Estate Economics
Legal Aspects of Real Estate
Real Estate Office Administration
General Accounting
Business Law
Escrows
Mortgage Loan Brokering and Lending
Computer Applications in Real Estate
Common Interest Developments
Note: Members of the bar of any state in the United States or graduates of law schools recognized by the California State Bar will generally qualify on the basis of their education, and as such are exempt from the college-level course requirements. Evidence of admission to practice law, such as a photocopy of both sides of a current State Bar membership card, or of an LL.B. or J.D. Degree should accompany the application.

Also, applicants who submit evidence of having completed the eight statutory college-level courses required for the broker examination and license are eligible to take the salesperson examination without submitting further evidence of experience or education.

Courses must be three semester-units or four quarter-units at the college level. Courses must be completed at an institution of higher learning accredited by the Western Association of Schools and Colleges or by a comparable regional accrediting agency recognized by the United States Department of Education, or by a private real estate school which has had its courses approved by the California Real Estate Commissioner. Search for approved statutory/pre-license real estate courses.

Courses completed through foreign institutions of higher learning must be evaluated by a foreign credentials evaluation service approved by the Department of Real Estate. See Examination Applicant Foreign Education Information (RE 223).

Copies of official transcripts are generally acceptable evidence of completed courses. Transcripts of equivalent courses submitted as substitutes for the college-level courses listed above must be supported by an official course or catalog description in order to be evaluated for equivalency.

No where on the California website could I find any change taking place for education requirments. You may want to call their office directly and inquire.
http://www.dre.ca.gov/default.htm

If on the other hand, you are talking about Canada. That is quite possible because I know that many real estate agents in Canada do have bachelor's degrees. However, I'm still not sure if it's actually a requirement or will be a requirement. It may also depend upon the province.
There is also a possiblility that if you are looking at it from an immigrant's point of view, meaning that you want to immigrate to Canada and work there as a real estate agent, then yes, I do believe that immigration would require you to have a degree to immigrate using the skilled worker class. .
Good luck to you!

2007-02-08 15:24:21 · answer #4 · answered by Mary R 5 · 0 0

That'd be interesting, but I think that would be way too much needed for a realtor. They're salespeople for all practical purposes.

2007-02-08 14:50:31 · answer #5 · answered by Anonymous · 0 0

no

2007-02-08 14:49:13 · answer #6 · answered by jigadee 4 · 0 0

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