Broker Commercial Property Estate Without License In Orange
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FAQ
Yes, if you are a landlord and rent, lease, sublease or sublet commercial or residential property within the City, you are required to secure the appropriate business license, and a separate business license must be obtained for each separate rental property.
Ing to California law, a real estate license is required for activities that involve selling, leasing, or managing real estate owned by others.
These licenses vary state-by-state: a few states require specialized commercial licenses for agents who become brokers, but most others, like California, require the same license for all realtors, regardless of their property specialization or title.
Whether you want to be an agent or a broker, you'll need a real estate license to buy or sell real estate in California. You'll also need to be at least 18 years old, complete some real estate coursework, pass an exam (or two, depending on the license), and undergo a criminal background check.
No, you don't need a license to wholesale real estate in California.
Exemptions to the license requirement include: resident managers of apartment buildings and complexes or their employees; short-term (vacation – only if under 30 days) rental agents; employees of certain lending institutions; employees of real estate brokers for specific, limited functions; certain agricultural ...
Please note that the listing or sale of real property within Azusa is considered business activity and both listing agent & broker and selling agent & broker are required to obtain a business license. A California Department of Real Estate license does not act as a city business license.
Some of the primary differences between agents and brokers are: Agents work for insurance companies, while brokers work for consumers. Because brokers represent their clients, they have a duty to provide impartial advice and act in the buyers' best interest.
How long does the process take? 3-4 months. It takes a minimum of about 8 weeks to complete all of your required real estate training. The license application process can take about 6 weeks, depending on the volume of applications that the Department of Real Estate is processing.
