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GENERAL REQUIREMENTS TO OBTAIN REAL ESTATE SALESPERSON LICENSE





  • Age: You must be 18 years of age or older to be issued a license.
  • Residence: If you are not a California resident, see Out-of-State Applicants.
  • Honesty: Applicants must be honest and truthful. Conviction of a crime may result in the denial of a license. Failure to disclose any criminal violation or disciplinary action in an applicant's entire history may also result in the denial of a license. 

COURSE REQUIREMENTS

Successful completion of three college-level courses is required to qualify for a real estate salesperson examination:

  1. Real Estate Principles, and
  2. Real Estate Practice, and
  3. One course from the following list:

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


PRE-LICENSURE EDUCATION REQUIREMENT FOR MORTGAGE LOAN ORIGINATORS (MLO)


The SAFE Act requires state-licensed mortgage loan originators (MLOs) to complete 20 hours of NMLS approved pre-licensure education courses which include the following:

  • 3 hours of Federal law and regulations
  • 3 hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues
  • 2 hours of training related to lending standards for the nontraditional mortgage product market
  • 12 hours of undefined instruction on mortgage origination

The pre-licensure education does not need to be completed prior to taking the National SAFE Test with Uniform State Content, but must be completed before an endorsement application is submitted.

NMLS EXAMINATION REQUIREMENT

The SAFE Act requires all MLOs seeking state-licensure to pass a qualified written test developed by NMLS and administered by Prometric testing centers, not by DRE. Examinations can be scheduled through NMLS or Prometric’s Web Site or by calling Prometric directly after the testing fees have been paid through NMLS.

As required by the SAFE Act, the test is designed to adequately measure an individual's knowledge and comprehension in appropriate areas, including:

  • Ethics;
  • Federal law and regulation pertaining to mortgage origination;
  • State law and regulation pertaining to mortgage origination; and
  • Federal and State law and regulation, including instruction on fraud, consumer protection, the nontraditional mortgage marketplace, and fair lending issues.

Applicants must pass the National SAFE Test with Uniform State Content with a 75 percent or higher.

Applicants are encouraged to start this process as soon as possible in order to successfully complete the National SAFE Test with Uniform State Content.   If an applicant does not successfully pass the National SAFE Test with Uniform State Content they are subject to a waiting period of thirty (30) calendar days from the previous test date prior to retaking the test. After every third failed test, the applicant is subject to a waiting period of one hundred eighty (180) calendar days before he or she is able to retake the test.

More testing information, including examination scheduling, MLO Testing Handbook, content outlines, fees, and procedures, is available at: NMLS Testing.



Here Are Our Recommended Education Sources:

NMLS - APPROVED MORTGAGE LOAN ORIGINATOR EDUCATION
 
LOAN OFFICER SCHOOL
WWW.LOANOFFICERSCHOOL.COM
(866) 314-7586

MEC MORTGAGE EDUCATORS & COMPLIANCE
FOR DISCOUNTED PRICING ENTER: UWMPE


REAL ESTATE EDUCATION

RET- REAL ESTATE TRAINERS
WWW.RETRAINERSCA.COM
(800) 282-2352


FIRST TUESDAY REAL ESTATE EDUCATORS
WWW.FIRSTUESDAY.US
(951) 781-7300
FOR DISCOUNTED PRICING GO TO:
WWW.FIRSTTUESDAY.US/CPORDER.CFM?ADSOURCE=5735








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