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Requirements differ by state however after some amount of time working as a representative, one may return to the classroom and test to become a broker. For instance, California and Florida require you to have a minimum experience of two years as a full-time certified representative within the prior 5 years.

Brokers may manage or own firms. Each branch office of a bigger genuine estate company should be managed by a broker. States problem licenses for a multi year period and need genuine estate agents and brokers to finish continuing education prior to renewing their licenses. For example, California licensees must finish 45 hours of continuing education every 4 years in topics such as agency, trust fund handling, customer protection, reasonable real estate, ethics, and threat management.

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California does not have license reciprocity with other states. An applicant for licensure is not, however, needed to be a resident of California to acquire a license. In Illinois, the salesperson license was changed by a broker license in 2011. the new license requires 90 hours of pre-license education, 15 of which should be interactive, and 30 hours of post-license education.