Important Information Concerning Broker Examination Requirement
AB 1718 (Hill, Chapter 193, Statutes of 2012), becomes effective January 1, 2013, and will change the qualifying educational requirements for broker examination applicants.
Currently, the Real Estate Law requires an applicant for the real estate broker examination to have a minimum of two years full time licensed salesperson experience within the last five years, along with successful completion of eight required college level courses. Current law allows an applicant with a four year degree from an accredited college or university to qualify on the basis of the degree used in lieu of the two years licensed experience requirement.
Under the provisions of AB 1718, original broker examination applicants will be required to submit evidence of completion of eight college level required courses along with two years full time experience as a license real estate salesperson within the last five years. The two years full time salesperson's experience may be waived for applicants submitting evidence of a four year degree from an accredited college or university provided the course of study to obtain their degree includes a major or minor in real estate.
Broker examination or broker exam/license combination applications where the applicant is using a four year degree in lieu of the two years licensed experience, must also submit evidence of completion of the required eight college level courses along with the exam application and fee on or before December 31, 2012.
Broker examination applications or broker exam/license combination applications post marked or submitted in person to any CalBRE office on or after January 1, 2013, will be subject to the new provisions of AB 1718. Applicants wishing to use a four year degree from an accredited college or university in lieu of the two years full time licensed salesperson experience must provide evidence of a four year degree which course of study included a major or minor in real estate.
Further information on this topic can be found on our website FAQ's .