All Forum Posts by: James Lee

I got a real estate license a year ago (as a side job) but I have not utilized it.  I am planning to stay inactive for a while by not paying my renewal dues. 

How long can I keep my CA real estate sales license inactive for before it expires?

Thanks Joan!

Newbie Questions:  

If you have a broker's license and close on a listed property, do you keep 100% of the profits?  

What kind of annual fees does a broker need to pay?

What are stopping most agents from getting their broker's license?

What is the best way to figure out if a property is worth purchasing as a cash flow property?  Is the a specific formula that is used to figure this out?

When you switch over to another broker, do you notify your previous broker that you are leaving?

Do you prequalify all your potential buyers before you start spending time on them?  

Hi Russell,

I used Real Estate Express but its exam prep is much easier than the actual State Exam. I feel that I barely passed only because I had other more difficult questions to study with that was not part of Real Estate Express. Send me your email address and I will email you some study material if you like.  

Anyone know what the possible penalty is for not putting your license # on a marketing email when contacting homeowners for the first time in the state of CA?

For a property that is sold by a Realtor in CA, what commission and fees does the seller need to pay?  What total % does the seller usually need to fork over when listing with a Realtor?  

Thanks Joe.