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Old 08-07-2010, 09:42 PM
 
Location: Chandler, AZ
453 posts, read 1,535,234 times
Reputation: 335

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I am new to the area and am asking strictly for opinions here, I am wanting to get a real estate license. I am a full-time RN and I know that doing real estate part-time is not the thing to do, but I am wanting to learn everything I can about real estate before I decide to go "full-time." The market is bad but I thought it would be a good time to start and just learn as I go. I am not out to make a million dollars, just something I have always wanted to do. Does anyone know what start up costs are after passing exam? Is it true you can do the course online and get a valid CA real estate license? Any information greatly appreciated.
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Old 08-07-2010, 09:45 PM
 
11,715 posts, read 38,123,334 times
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Even the full-timers are part time these days.
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Old 08-07-2010, 10:03 PM
 
Location: Chandler, AZ
453 posts, read 1,535,234 times
Reputation: 335
I understand that, but just wanted info on the cost to get started. I do not want to quit my job to go full-time. I have a great job but in the future towards retirement, I may want to do real estate. Thanks.
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Old 08-07-2010, 10:29 PM
 
619 posts, read 2,053,187 times
Reputation: 260
Quote:
Originally Posted by shadow91 View Post
I am new to the area and am asking strictly for opinions here, I am wanting to get a real estate license. I am a full-time RN and I know that doing real estate part-time is not the thing to do, but I am wanting to learn everything I can about real estate before I decide to go "full-time." The market is bad but I thought it would be a good time to start and just learn as I go. I am not out to make a million dollars, just something I have always wanted to do. Does anyone know what start up costs are after passing exam? Is it true you can do the course online and get a valid CA real estate license? Any information greatly appreciated.
You need to pick a sponsoring company to sign up for the tests. The company will provide you with the books and schedule you with the course tests. The 3 tests are at home open book on-line tests. After you pass the 3 required course tests they will schedule a written final exam for you with California Department of Real Estate to get your License. It is a state License.
50% of applicants fail to pass the final exam. Not easy!
Total costs about $600.-
Good Luck!
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Old 08-10-2010, 03:00 PM
 
25 posts, read 47,933 times
Reputation: 14
I got my CA license in 2003 through Allied. I did everything at home/online, did not need a company sponsor and then went to LA to take the big exam. I think the class was about $200. Once you start to talk to people they will tell you - just memorize the answers on the practice test and you will be fine. Yes, there is a lot of work/studying, but the practice exams were almost identical wording to the real test. I never took it any further, so I don't know what costs are involved with working with a company. Things may have changed since that was awhile ago. . . but that was my experience. Good luck!
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Old 08-11-2010, 10:33 PM
 
3,852 posts, read 12,239,201 times
Reputation: 2522
Don't listen to the, "real estate is bad." If you are good at selling homes then you can sell homes in ANY market. I did the books for one lady who was pulling 200k in commissions! She was an Asian american lady and had a pretty good business catering to Vietnamese clients. Spoke fluent Vietnamese.
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Old 08-12-2010, 03:29 PM
 
Location: Lake Forest, CA
16 posts, read 43,468 times
Reputation: 22
There are lots of on-line or in person classes available at differing prices. (Taking at community college will probably be the cheapest, but will probably take the longest to finish.) After completing the 3 classes, go to the Department of Real Estate website and sign up to take the exam. The exam is $60, and you may want to take one of the "crash courses" to make sure you pass ($150). After you pass the exam, then you will need to put your license with a broker. License fee is currently $245 including the fingerprint fee. Then you need to join a local, state & national real estate associations and pay MLS fees (about $750/year), and buy a lockbox key ($165/yr).

Errors & Ommissions insurance runs about $1500/year with the big brand brokers, or about $150 per transaction with some of the smaller brokers. You probably want to start with a big brand because they offer formal practical training (which has nothing to do with what you learned to get the license.)

Add the cost of signs & business cards, and it's easy to spend $3,000 getting set up before you can start making any money.

Good luck -
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Old 08-15-2010, 01:14 PM
 
Location: Chandler, AZ
453 posts, read 1,535,234 times
Reputation: 335
thanks everyone, this helps alot, does anyone know how many questions are on the exam? One realtor told me that there were 1,500 and a 3 hour time limit.
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Old 08-15-2010, 02:08 PM
 
5,381 posts, read 7,647,651 times
Reputation: 4525
Quote:
Originally Posted by shadow91 View Post
thanks everyone, this helps alot, does anyone know how many questions are on the exam? One realtor told me that there were 1,500 and a 3 hour time limit.
 
 
 
It looks like he meant 150 questions with a 3 hour and 15 minute time limit.
California Real Estate License School - DRE approved Online Real Estate Courses

CA Department of Real Estate
Department of Real Estate Home Page

By the way, I am not in the real estate business, I’m just surfing the net and sipping coffee on a lazy afternoon.
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Old 08-15-2010, 07:51 PM
 
Location: Mission Viejo, CA / San Rafael, CA
2,352 posts, read 4,977,305 times
Reputation: 538
I honestly passed the broker's exam on 4 hours of sleep (went to an engagement party the night before).
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