Published by admin on October 22,2008
In order to get a brokers license in California, one of the classes that you have to take is "Real estate finance". Also, to get a salesperson license, you have to take an elective course - one of which could also be "Real estate finance".
I have heard of some students taking a general "finance" course in undergrad or graduate school and the Department of Real Estate counting this class as equivalent to "Real estate finance".
As time goes on, this is becoming less and less true. I had a student call me up yesterday and informed me that the Department of Real Estate was not going to count her general finance course as equivalent to real estate finance. I immediately called up an executive at the Department of Real Estate and got his thoughts. He told me that the class MUST be "Real estate finance" on the transcript. In lieu of this course, an exam applicant could have taken four general finance courses and the Department of Real Estate would consider this equivalent to real estate finance.
Just a heads up to all of you out there thinking that general finance will be equivalent, now you have the scoop!
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