Is it worth getting a California real estate license?

In other words, a California real estate license pays off in a variety of ways that don’t even require committing to real estate full time or working with clients. So if you’re thinking about getting licensed, it is certainly worth the investment if you’re willing to put in the work.

Is dual agency good for the seller?

The bottom line is that dual agency is certainly a good thing for the agent but is typically a negative scenario for both the buyer and seller, as neither party is getting fair representation. This is an especially negative arrangement for inexperienced buyers and sellers who really need professional guidance.

Is it hard to get a California real estate license?

Getting your real estate license in California is not difficult. First, check to make sure you meet some basic requirements designated by the California Bureau of Real Estate. Then, pass the exam administered by the CBRE.

Is dual agency illegal in California?

Dual agency is not illegal in California, but it is a heavily litigated area of real estate law. Chapter 10 discusses agency and states the fiduciary duty owed by real estate brokers to their principals has been compared by the courts to the duty owed to beneficiaries by a trustee under trust.

Is it better to work with listing agent?

Many buyers think they will get a better deal on a home if they work directly with the listing agent. They believe a listing agent will reduce the commission if he or she doesn’t have to share it with a buyer’s agent, thus lowering the price. Working with the listing agent could easily cost you money.

Can a real estate agent represent buyer and seller in California?

It is well known that under California law a real estate broker may act as a “dual agent” for both the seller and the buyer in a property transaction, provided both parties consent to the arrangement after full disclosure. In such representation, a dual agent owes fiduciary duties to both buyer and seller.

Why should I get my real estate license?

Using your own real estate license to find good deals, networking with licensed agents, and making more money with commissions are all incentives for taking the extra time and expense to get your real estate license.

What does it take to become a real estate agent?

To become a licensed real estate agent, investors will need to go through a rigorous educational course and spend money to secure the license; that means a lot of time and money will go into simply getting a license. Not only that, but licenses must be maintained and renewed over time.

Do I need to renew my real estate license?

Not only that, but licenses must be maintained and renewed over time. If that wasn’t enough, securing a real estate license will come with a lot more responsibilities, not the least of which includes disclosures.

How do I get a real estate license as an investor?

Subsequently, real estate licenses aren’t simply handed out to investors. To become a licensed real estate agent, investors will need to go through a rigorous educational course and spend money to secure the license; that means a lot of time and money will go into simply getting a license.