The housing market is always competitive in California, perhaps even more so now than ever. For this reason, many are choosing real estate as a career. If you want to be an agent or a broker, however, you will need a real estate license, among other requirements.
What is the difference between an agent and a broker?
Real estate agents and real estate brokers differ based on how much experience and education they have. An agent is required to work under a licensed broker. In comparison, a broker can work for themselves and hire agents. Brokers also need to complete more education than agents. In addition, a person needs to work at least two years as an agent before they can become a broker.
Agent license requirements
The following are the requirements a person must meet to be a real estate agent in California. Agents have to be age 18 or above. They have to complete 135 hours of real estate education at either an accredited university or private real estate school. In addition, to be a real estate agent a person has to pass an examination and a background check.
Broker license requirements
The following are the requirements a person must meet to be a real estate broker in California. Brokers must be age 18 or above. They have to have worked as a real estate agent for at least two of the past five years or have obtained a four-year college degree in real estate. They must complete 360 hours of real estate education either at an accredited university or private real estate school. In addition, to be a real estate broker a person has to pass an examination and a background check.
Learn more about real estate law
Being a real estate agent or broker can be a rewarding career. Ultimately, this post is for educational purposes only and does not contain legal advice. Our firm’s webpage on licensing may be a good resource for those who want to learn more about this topic.