The following changes to the California (DRE) real estate licensing requirements take affect next Monday;
AB 2429 establishes a new law which affectively increases the minimum requirements for a salesperson to obtain a real estate license. Generally, conditional salesperson licenses will no longer be available for new licensees. A salesperson must take a minimum of three real estate classes before obtaining a real estate license, but the exemptions for attorneys and others qualified to take the broker exam remain in effect.
Currently, the law allows two methods for obtaining a real estate salesperson license. The first requires the applicant to take three real estate classes and then pass the salesperson exam to receive a four year license. The second allows the applicant to take one real estate class, and then pass the salesperson exam to receive a "conditional" license which is valid for 18 months. During that time period, the conditional licensee must finish the additional two real estate classes. The new law removes the option for a conditional license for all applications starting October 1, 2007. The exception for attorneys and others qualified to take the broker exam will still apply.
This law amends California Business & Professions Code Sections 10151, 10153.3, 10153.4, and 10153.5 and repeals California Business & Professions Code Section 10153.9.
The provisions of this new law will take affect October 1, 2007.
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