suffolk, VA · Member since 2016 · 7 posts · 0 votes
Hello SoCal BP folks. Newbie here introduced by a colleague and fellow BP Pro. Bobby and I talked quite a bit about our interactions with property managers in San Diego and thought LETS START OUR OWN!! Neither of us have experience in real estate other than having a property manager manage our properties. I wanted to see if the folks in California could help us out in navigating the California BRE requirements. The icky paperwork can be hard to understand.
From our understanding we need the following:
- Broker
- Accounts (managed by Broker)
- Real Estate License???
- Sellers License??
- Website cannot say Property Management, Property Manger, etc without said broker.
You need a broker's license. In California you need to have at least 2 years of experience as a licensed salesperson to test and obtain a broker's license.
You need a broker's license. In California you need to have at least 2 years of experience as a licensed salesperson to test and obtain a broker's license.
Is it possible to partner with a broker to make this happen? Neither of us have a Brokers license nor a Real Estate License however, we do have Undergrad and Grad degrees.
You don't need full college degrees, just a handful of college level courses. But to engage in license related activities you need a license.
An exemption would be if you were an employee of a company retained to run an apartment building and the employees were under direct control and supervision of a broker.
Justin,
You might also consider hiring a Broker of Record/ Designated Officer to meet the CalBRE requirements. Of course, you would need to set-up a corporation 1st, and the corporation would be licensed by CalBRE. . .