There are more than two million people in the United States who have a realtor license. They help people find their dream homes, first homes, vacation properties, and downsized homes. Realtors also help sell properties. For the right person, becoming a realtor is an exciting and rewarding career path.
Like most jobs, it requires some training. You also have to be licensed. Read on to learn about real estate licenses in the state of California.
Getting a Real Estate License in California
Your real estate license lets you practice as a realtor in the state. The California Department of Real Estate (DRE) sets the requirements for getting a real estate license. In general, you will need to take a real estate course from an approved school, then submit your application for processing. Next, you will need to schedule, take, and pass your real estate exam. Overall, the process can take as little as 14.5 weeks, but some people do take longer.
How Long Is the Real Estate License Good For?
Once you take your real estate course and pass your test, you will get your real estate license. In California, this license is good for four years from the date your application and passing exam are approved by the DRE. Make sure you pay attention to the expiration date so you can renew your real estate license before it expires.
The DRE will send a reminder letter 60 days before your expiration date. That notice will go to your address of record, so make sure the DRE is always aware of your current address.
How Do I Renew My Real Estate License?
To renew your real estate license in California, you will need to complete the required continuing education courses and pay a fee. In 2020, the real estate license renewal fees in California are $245 for a salesperson and $300 for a broker. You will also need to submit a renewal application. You may do this by mail or online. California has an eLicensing online system you can use to process your real estate license renewal. It is paperless and available 24/7.
When Can I Renew My Real Estate License?
You can renew your California real estate as early as 90 days before your expiration date. Your renewal is considered “on-time” as long as your renewal application is postmarked or your eLicensing transaction marked as complete before the expiration date.
What if I Don’t Receive My Renewal Before the License Expires?
If you don’t get your renewed real estate license before the old one expires, you are allowed to continue practicing as a real estate agent as long as you completed your application to renew your real estate license before it expired. You can keep working as a realtor until you receive your renewed license or the DRE informs you that your application was insufficient.
What Happens If I Renew Late?
If you miss renewing your real estate license your expiration date, there is a grace period. In California, you can renew your real estate license at any time up to two years after the expiration. However, there are special conditions. You are not permitted to act as a realtor during any time when you do not have an active license. Furthermore, you will need to complete your continuing ed courses within four years from the date of your renewal. The renewal fees for a late renewal are also higher. They are set at 150% of the regular renewal rate.
Real Estate Licenses in California
Real estate licenses in California are good for four years from their date of issue. You can renew late, but if you want to continue practicing as a realtor, you will need to keep your real estate license in good standing.