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Updated
06/11/2008
California
Department
of Corporations
320 West 4th Street,
Suite 750
Los Angeles, CA 90013-2344
Ph: (213)576-7500
No Loan Officer Licensing
required. Company must be licensed.
or
Department Of
Real Estate
2201 Broadway
PO BOX 187000
Sacramento, CA 95818
Telephone: (916) 227-0770
Fax: (916) 227-0777
Real Estate Broker and Real Estate Salesperson Licenses
Summary
Eligibility
2 years full time licensed salesperson or equivalent experience in past
5 years
or 4 year degree
Department of Real Estate Exam
renewal - 45 hours of continuing education
4 year renewal
Investigation Fee - $100 Filing Fee - $900
California Loan
Broker Disclosure |
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No required courses available yet |
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State News Blog |
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12/18/07 - Orange County News
Brokers Advertising Must Disclose ALL terms of Option ARMs - A
little-noticed regulation that took effect last September requires
brokers who advertise adjustable rate, interest-only or payment-option
loans to make a slew of new disclosures if they specify a monthly
payment amount in the ad. California Department of Real Estate
Regulation 2848(a)(17) prohibits: A representation of an installment in
repayment of an adjustable rate, interest only or payment-option loan
without an equally prominent disclosure of the all salient information
about the loan.
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