Broker Commercial Estate Without A License In Oakland
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In Michigan, if a business sale includes the transfer of real estate, then a real estate license is necessary. However, if the sale strictly involves the business entity without any real estate, a specific real estate license would not be required.
The state requires all broker license applicants to have one of the following: A minimum of 2 years of full-time experience as a licensed salesperson within the past 5 years. You can also have the equivalent experience as a part-time agent, which would total 4 years.
The following states require a license to practice as a business broker: Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois (registration only), Minnesota, Nebraska, Nevada, Oregon (only if real estate transfer is part of the transaction), Rhode Island, South Dakota, Utah, Wisconsin, and Wyoming.
Education and Licensing Pre-Licensing Education: Complete a state-approved pre-licensing real estate education course. Pass the Exam: Successfully pass the Michigan real estate licensing exam. Associate with a Brokerage: After passing the exam, you'll need to affiliate with a licensed real estate brokerage in Michigan.
The statutory merger of the real estate and business opportunity licenses occurred in 1966. Since then, a real estate license is required to engage as an agent in the sale or lease of business opportunities.
To become a business broker, you need a bachelor's degree in accounting or business. You may also need to earn a state license to practice as a business broker, but this requirement depends on the state where you work. Some states also require a real estate license.
Complete 90-hours of commission-approved Broker Pre-Licensing education (An MBA or law degree may substitute for 60-hours) Pass the coursework final exam with a score of 70% or greater. Pass the state-issued Broker License exam. Submit license application to the state.
To obtain a real estate broker license in California, you must first qualify for and pass a written examination. Those who pass the examination are provided a license application, which must be submitted to and approved by the CalBRE. You must be 18 years of age or older.
Members of the California State Bar are statutorily exempt from the college-level course requirements.
