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What is the overall purpose of real estate licensing law is to?
Wiki User
∙ 14y ago
I believe that everyone has heard about the times many years ago when unscrupulous persons were selling "swamp land" to anyone that had a dollar to invest? Hence the real estate licensing laws.
Wiki User
∙ 14y ago
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What does mlc stand for in real estate?
MLC stands for Medical Licensing Commission in Real Estate.
What is the primary purpose of the Florida real estate license law?
The primary purpose of the Florida real estate license law is to regulate real estate activities in the state, including the licensing of individuals to ensure they have the necessary knowledge and ethical standards to engage in real estate transactions. It aims to protect consumers by setting standards for real estate practitioners and providing a process for complaints and disciplinary actions when necessary.
Who monitors real estate licensing?
The states' department of real estate licensing and commission is the one responsible for monitoring real estate license holders. They are the ones who certifies individuals and gives them a legal license as an active real estate agent in their state. Aside from the states' real estate commission, NAR also helps in regulating these licensed real estate agents.
How does a real estate training class help to prepare one for the licensing exam?
Real Estate Training classes teach appraisal, mortgage lending practices, Real Estate Law and rules that directly relate to the questions on the Licensing Exam.
I acquired my real estate license in 1997. Can it be reinstated for a fee?
Each state sets the requirements for the licensing of real estate agents, brokers and appraisers. Contact your state's Real Estate Commission to find out what the rules are and what you need to do to return to the business. http://realestatelicensedirect.com/real-estate-licensing-information-by-state/
What training is needed to become a real estate?
Each state has their own laws for licensing. go to your state real estate board.
Can real estate agent's commission be paid by the broker to a corporation?
In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.
Is the real estate prep course the same everywhere?
Tennessee and Illinois do not have real estate licensing reciprocity. You must wait until after your move.
What degree do you have to have to become a real estate agent?
In the US, states are in charge of the licensing requirements for real estate agents. There are currently no states which require a college degree to obtain a real estate license.
Can I get free real estate training from an agency in town?
In the United States, it is necessary to obtain a real estate license before you can earn money selling real estate. Each state has specific licensing requirements. However, every state requires prospective real estate agents to complete a training course. Furthermore, every state requires prospective agents to take and pass a real estate licensing exam.
Real estate broker how long is the school?
This varies from State to State. On average you could expect to be required to obtain around 200 hours of pre-licensing training, Check with your State real estate licensing agency.
Where you can find information for NJ real estate state exam?
The NJ Dept. of Banking and Insurance oversees the NJ Real Estate Commission, which supervises licensing. You can visit the site in the related links below for licensing requirements.
