Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The California Association of Realtors trade group succeeded in its legislative push to heighten pre-licensing requirements for prospective real estate salespersons, but failed in a bid to raise the bar for broker licensing. Assembly Bill 2429, which was signed by the governor Sept. 14 and becomes active Oct. 1, 2007, requires that all real estate professionals must complete three pre-license courses prior to taking a license examination. The bill passed the state Senate 37-1 and the Assembly 77-1. Existing law provides that applicants may either take three real estate classes and then pass an exam to receive a four-year license or may take one class and then take the exam to obtain a conditional license. And the applicants who opt for the conditional license can take the other classes du...