Aren't all schools the same? What makes your school different from the others?
You
will find that most schools offer similar study materials and put you through
a similar study process. What sets our school apart from all the others
is the quality of our programs as this is what we have specialized
in for the past 60 years. Due to the experience of our head instructor
and owner who for the past 40 years taught the classes, debriefed the students
and wrote all the course materials, you'll find our program to be much
easier to understand and much more focused as to what you'll need
to know when taking your State Exam.
Common
feed-back we have received from students who after attending other school's
progams and failing their exam, have shared the fact with us that after
taking their state exam, felt the questions simply were not as closely
related to the materials that they had been studying. That is why it is
very important to use a "top quality," "time-tested" program.
What
is your Pass rate?
We
are probably one of few schools that doesn't quote a pass rate. It's actually
a matter of maintaining our integrity! The fact is, in the past, we made
the effort to do so and found it impossible finding many students had either
moved or did not respond to our inquiries. Don't be fooled by schools
quoting 98% and 99% pass rates (Keep in mind the failure rate on the
State Exam for all applicants statewide is consistently around 50%). Think
about it, no matter how good a program is, not every student is going to
properly study or be ready for their exam. We know we have the highest
pass rate because, based on researching what our competition has
to offer, our programs remain far superior!
Most
real estate license schools offer money-back guarantees to students should
they fail their State Exam, usually based on the second try (not the first).
Or they may allow their students to "in lieu" of the refund re-attend the
program at no charge. If refunds are paid, in most instances, registration
fees are taken out, leaving the student with very little of the original
amount to recover. We are now one of the few, if not, the only school that
offers a 100% Money- back Guarantee if failing on the first attempt. We
are proud to say since we started offering this guarantee we have not
had even one request for a refund. That should also tell you
a little about our pass rate!
How
fast can I get the sales license in my hands?
You
can get a license in as little as 2 months. The specific time frame is
based on completing a prerequisite course (California Real Estate Principles),
which can be completed in a minimum of 2-1/2 weeks and then applying for
the State Exam, which generally takes an additional 4 to 6 weeks before
you'll be taking your test.
Both
myself and my spouse would like to participate in your program. Can we
share the materials?
Absolutely!
You may share all the preparation materials. However, each of you would
need to separately complete the prerequisite course (California Real Estate
Principles) as the Department of Real Estate requires the proof of completion
of this course in order to apply for and receive a testing date for the
State Exam.
Where
are the testing sites for the State Exam and how often are the exams held?
The
testing sites in California are currently located in Sacramento, Oakland,
Fresno, Los Angeles and San Diego. Tests are usually given 2-3 days out
of each week.
What is the difference between
a Sales Agents License and Brokers License?
The Sales Agent License will allow you to work in the
Real Estate field as an agent. However your license must be placed
with a Broker in order for it to become active.
The Brokers license will allow you to work independently
and represent yourself in a transaction. It will also allow you to open
up an office and hire sales agents.
What Real Estate fields would I be able to work
in once I receive my license?
The license will allow you to represent brokers in a vast
area of real estate activities; Examples: Home sales, commercial property,
industrial properties, leasing, property management, subdivision property,
mortgage loan brokering, business opportunity sales, etc.
How difficult is it to find work after I received
my license?
Usually not difficult at all. You will find that most
brokerages are consistently looking for new agents. In fact, once you apply
to take the state exam your name is put on a public list which is subscribed
to by many of these companies. As a result we have found that most of our
students receive letters from most of the major franchises asking them
to come in for an interview.
What is the typical pay structure for Sales Agents
and how much does the average person make?
Sales Agents normally work on a commission basis. The
standard commission on the sale of a home is 6%. The beginning salesperson
usually splits the commission 50/50 with their Broker. Sales Agents working
in the field can earn as little as nothing or in the MILLIONS! It's ultimately
up to you. No matter who you are or what your background, there is an unlimited
opportunity to earn income. We estimate that the average salesperson probably
earns between $30,000 to $50,000 per year.
Is the California License
valid in other states and visa versa?
Each state has its own license requirements! Therefore
it would be necessary to contact the state where you are interested in
being licensed in order to determine their requirements. On occasion, a
state may accept some of your real estate education in California. Usually not!
What
are the requirements to be eligible to take the State Exam?
You
must be 18 years of age and a U.S. citizen. Anyone with a criminal record
may not be eligible. You will need to contact the Dept. of Real Estate
for more details http://www.dre.ca.gov
How
much study time is needed to prepare for the state exam?
We
estimate about 60 hrs study time for the Sales Exam and 90-120 hrs study
time for the Brokers Exam.
Do
you need to be sponsored by a company or broker in order to start the licensing
process or obtain a license?
NO
Sponsor is needed.
What
is the passing grade for the State Exam?
The
passing grade is 70%. You will be given 3 1/4 hours to take the test.
Once
you pass the State Exam , what are the fees to obtain the actual license?
The
fees to State of California for the SALES LICENSE would be for the license.
The
fee to the State of California for the BROKER LICENSE would be $165 for the license.
FOR
ANY OTHER QUESTIONS REGARDING GETTING THE LICENSE CALL:
Department
of Real Estate 1(916) 227-0900
http://www.dre.ca.gov