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Required. BUSINESS AND PROFESSIONS CODE
SECTION 10130-10149
10130. It is unlawful for any person to engage in the business, act
in the capacity of, advertise or assume to act as a real estate
broker or a real estate salesman within this state without first
obtaining a real estate license from the department.
The commissioner may prefer a complaint for violation of this
section before any court of competent jurisdiction, and the
commissioner and his counsel, deputies or assistants may assist in
presenting the law or facts at the trial.
It is the duty of the district attorney of each county in this
state to prosecute all violations of this section in their respective
counties in which the violations occur.
10131. A real estate broker within the meaning of this part is a
person who, for a compensation or in expectation of a compensation,
regardless of the form or time of payment, does or negotiates to do
one or more of the following acts for another or others:
(a) Sells or offers to sell, buys or offers to buy, solicits
prospective sellers or puchasers of, solicits or obtains listings of,
or negotiates the purchase, sale or exchange of real property or a
business opportunity.
(b) Leases or rents or offers to lease or rent, or places for
rent, or solicits listings of places for rent, or solicits for
prospective tenants, or negotiates the sale, purchase or exchanges of
leases on real property, or on a business opportunity, or collects
rents from real property, or improvements thereon, or from business
opportunities.
(c) Assists or offers to assist in filing an application for the
purchase or lease of, or in locating or entering upon, lands owned by
the state or federal government.
(d) Solicits borrowers or lenders for or negotiates loans or
collects payments or performs services for borrowers or lenders or
note owners in connection with loans secured directly or collaterally
by liens on real property or on a business opportunity.
(e) Sells or offers to sell, buys or offers to buy, or exchanges
or offers to exchange a real property sales contract, or a promissory
note secured directly or collaterally by a lien on real property or
on a business opportunity, and performs services for the holders
thereof.
What else can I help you with?
Who manages property management in the state of California?
There are several state laws that govern property management in California. Apparently, a real estate license is required there in order to manage property. You can inquire at your local city hall to discover the licenses required by your property manager, in your particular situation. Otherwise, there is no 'manager' of property managers at the state level in California.
What do you need to do to get a Property Management License in California?
To obtain a Property Management License in California, you must first complete a series of required pre-licensing education courses, typically totaling 135 hours, which includes topics like real estate principles and property management. After completing your coursework, you must pass the California Real Estate Salesperson Exam. Additionally, you must submit a completed application to the California Department of Real Estate and pay the necessary fees. It's also important to note that, while property managers do not need a specific property management license, they must have a real estate license to manage properties for others.
Does Phoenix Property have listings in California?
Phoenix Property has listings all over the state of Arizona but they do not have listings in California. You are required to have a California Real Estate Brokers license to do business in California.
Are property management companies required to have a real estate license?
Yes, the State of Colo, If someone is managing residential property 4 units or less that is not theirs, they have to have a Active Real Estate License.
In California is it legal for a mortgage brokerage to own a property management company at the same time?
yes...mortgage brokers have to have a Real Estate license. So does someone in a property management company. You could do all three at once if you wanted to.
Are two license plates required in California?
yes
Do you have to take a written test when renewing your license in California?
Yes, in California, you are required to take a written test when renewing your license.
Does residential property management require license?
Yes, residential property management typically requires a license, which varies by state or country. Many jurisdictions mandate that property managers hold a real estate license or a specific property management license to operate legally. This ensures that they are knowledgeable about landlord-tenant laws, fair housing regulations, and other relevant legal requirements. It's essential for property managers to check local regulations to ensure compliance.
Do you need a license for property management in Massachusetts?
Real Estate License: Although not mandatory for property management activities such as leasing and renting, obtaining a real estate license in Massachusetts can be helpful for your long-term success as a property manager. It provides you with a foundational understanding of real estate laws and practices.
What is the age to get your drivers license in California?
The age you can get your drivers license in California is 16. You are however required to go through 6 hours of driving training to obtain your license.
Is a plumbing license required to install pool equipment?
not for your own property.
Do I need a real estate license or broker license to act as a property manager for a friend in California?
No, you do not need a real estate license or a broker's license to act as a property manager for a friend in California as long as the friend does not require that licensing. You can have a written or verbal agreement to perform those services.
