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Original Salesperson License

2019.02.28 21:03 Views : 347

Original Salesperson License

An original salesperson license is required for an individual who is to be employed as a salesperson under the control and supervision of a licensed broker. The license permits licensed activity only while in the employ of a broker. Salespersons’ licenses must be available for inspection in the broker’s main office. The salesperson can be compensated for work as an agent only by the salesperson’s employing broker – not by any other broker, other salesperson, client, or other person, according to Sections 10132 and 10137 of the Code.

Under the provisions of AB 2429, salesperson examination applicants will be required to submit evidence of completion of a three semester, or quarter Chapter equivalent, college-level course in Real Estate Principles, Real Estate Practice and one additional course which should be chosen from the following list of courses:

  • Legal Aspects of Real Estate
  • Real Estate Office Administration
  • Real Estate Appraisal
  • Computer Applications in Real Estate
  • Real Estate Finance
  • Real Estate Economics
  • Property Management
  • Business Law
  • Escrows Accounting
  • Mortgage Loan Brokering
  • Lending Common Interest Developments

Examination applications that contain proper verification that the applicant has completed all three required courses will be entitled to take the examination and apply for a four-year license upon the successful completion of the salesperson examination.