A number of major corporations have gone under over the last 60 days, unemployment levels are elevated, inflation is a concern, and access to funds is tighter than ever.I was in the real estate market all through 2003-2006 and saw first hand the loans that were being granted to borrowers who had no business qualifying. It's the classic economic problem of unlimited desires and limited resources. Borrowers yearning for the American dream of home ownership and (greedy) loan officers hungry for t...
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OK here's the deal, if you are a licensed attorney (that means you have a California bar card) you can step right into the brokers exam without taking any of the 8 college level classes that would normally be required.If you finished law school, but don't have a bar card (that test is a pain in the ass ain't it?) you just need to take 2 college level classes in real estate (as opposed to the 8 that would normally be required).The 2 classes are 1.) Real Estate Finance2.) Real Estate AppraisalOnce...
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The RE 435 is a new California Department of Real Estate form that allows a salesperson examinee to fill out a single application for their exam and license! This is really cool, especially when you consider how it worked before:Previously, you would have had to fill out an exam application, take the test, pass it, then fill out yet another form for your license. Now, there's just one form that you use for this whole process. It's great! Now after you pass the state exam you might only have t...
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In order to get a real estate salesperson license in California, you have to take 3 college level classes in real estate. 1. Real Estate Principles2. Real Estate Practice3. An elective course that you pick from a listIf you have taken finance, economics, accounting or law in college (no matter how long ago) this may qualify as your elective course! Save yourself some $$!Once you pass these three classes, you can then take the Department of Real Estate examination. The state exam is 150 questio...
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