Frequently Asked Questions About the
Changes in License Law
Licensees should find answers among the
following Frequently Asked Questions and
Answers to most inquiries concerning the
changes effective April 1 to the Real Estate
License Law and Commission rules. Please
refer to these FAQs periodically here on the
website home page as the list will be
expanded with the addition of new topics.
Q. How much real estate
experience do I need to have the
"provisional" status removed from my broker
license?
A. For at least four of
the last six years, you must have been
engaged on a full-time (or equivalent
part-time) basis in activities for which a
real estate license is required.
Q. I have a real estate
salesperson license and work full-time as an
assistant for a very busy broker. Can I
claim my experience as a "licensed
assistant" as qualifying experience?
A. Yes, so long as your work
included activities for which a real estate
license is required.
Q. I work as a leasing agent
for an apartment complex. I have a real
estate salesperson license even though a
license is not required for what I do. Can I
claim this experience as qualifying
experience?
A. No, because the work you perform
does not require a real estate license.
Q. I have a real estate
salesperson license and work as an office
manager/bookkeeper for a real estate firm.
Does this count as qualifying experience?
A. No. Working for a real estate
firm as an office manager, bookkeeper,
secretary or in any other ministerial
capacity does not qualify because a real
estate license is not required to perform
the tasks and duties associated with these
positions.
Q. If called upon by the Real
Estate Commission to verify my experience,
what documentation should I have?
A. In order of preference, written
statements from your current and/or former
brokers-in-charge or other firm officials
giving the dates of your affiliation with
the firm(s) and your activities there;
and/or transaction documents from the period
for which you are requesting credits; and/or
a list of transactions you participated in
during this period including dates, types of
transactions, the parties and any other
agents in the transactions, and your role in
them.
Q. I have been a
broker-in-charge for several years and took
the Broker-In-Charge Course within the past
five years. Do I have to retake it after
April 1, 2006?
A. No, unless you have a "break in
service" as broker-in-charge. However, you
must take the Broker-In-Charge Annual Review
Course each year beginning with the July
2006 - June 2007 license period.
Q. What is meant by a "break
in service"?
A. If, at any time, you are NOT
designated a broker-in-charge, you have
experienced a "break in service". This would
occur if you were replaced as
broker-in-charge of a firm or office. Or if
you ceased being broker-in-charge of an
office and then later began serving as
broker-in-charge at another firm or office
(i.e., the changes were not simultaneous).
You would also experience a break in service
if you fail to renew your license, or your
license is made inactive because you did not
take the annual Broker-In-Charge Annual
Review Course or your continuing education
Update Course. These are some examples of
when a break in service will occur. If you
then wish to be re-designated as a
broker-in-charge, you must satisfy the new
broker-in-charge education and experience
requirements. |