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If a person has an active real estate license, they also have a broker. Having a real estate license without placing it with a brokerage means the license is inactive. In selling his/her home, a person with an inactive license would have to disclose having a real estate license, and then do a For Sale By Owner. A person with no real estate license can sell a home as a FSBO.
It's a 3rd degree felony and you will be fined from $250.00 to $5,000.00
Transferring real estate license to a different State
You don't have to have any sort of license to sell your own home. You do however have to have a real estate license to sell someone else's home.
In California, you can get a real estate license at Department of Real Estate of State of California. For more information, you may contact them at (916) 227-0925.
Working as a realtor without a real estate liscense violates the Real Estate License Act of 2000. Your first violation will be considered a Class A Misdemeanor(Up to $2500 and 1 year in prison plus civil fines). Any violations after that will be considered a Class 4 Felony(Up to $25000 and three years in prison plus civil fines.
If a person has an active real estate license, they also have a broker. Having a real estate license without placing it with a brokerage means the license is inactive. In selling his/her home, a person with an inactive license would have to disclose having a real estate license, and then do a For Sale By Owner. A person with no real estate license can sell a home as a FSBO.
No
At least in California, a Real Estate Salesperson license can be denied for conviction of a felony or misdemeanor which is "substantially related to the qualifications, functions, and duties of a real estate licensee," with fraud being specifically listed as one of the common disqualifying convictions.
As a broker since 1995, my best answer to this question is to check with your State's licensing agency. Each State has its own rules regarding this topic. I know a felony will prevent licensure in my last State, but not a misdemeanor.
You don't have to have a real estate license to buyhomes, you have to have one to sell them if you are selling them for someone else (not homes you own).
It's a 3rd degree felony and you will be fined from $250.00 to $5,000.00
If you want to be a real estate broker in the United States you would be required to have a license. A real estate broker without a license in the United States would be considered illegal and could be sent to jail.
Yes there is no license needed to buy and sale real estate notes in the state on Indiana.
It is difficult to get a real estate license with a felony in Texas.
If a felon cannot have a real estate license, but a former one can have. As long as they pass all the requirement and mandatory components that they need, they can get their real estate license. It also depends for the state's real estate commission if they will be accepting such cases, for example is on Texas Real Estate License
Transferring real estate license to a different State