Mortgages Analyzed
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Mortgages Analyzed
 
Renewing BRE Broker and Salesperson License
Renewing BRE Broker and Salesperson License

The license renewal procedures are the same for Salesperson and Broker License. Both licenses are valid for a period of four years and must be renewed before the license expiration date.

Source :www.MortgagesAnalyzed.com

Renewal Requirements

The main requirement to renew a Salesperson or Broker license is to obtain the required continuing education.

First Time Renewal

You must complete a total of 45 hours of BRE approved continuing education as follows:

  1. Five separate three-hour BRE-approved continuing education courses in Ethics, Agency, Trust Fund Handling, Fair Housing, and Risk Management.
  2. Minimum of 18 Hours of Consumer Protection courses.
  3. The remaining of the stipulated 45 hours should be utilized in completing consumer services or consumer protection courses.

Subsequent Renewal

You must complete a total of 45 hours of BRE approved continuing education as follows:

  1. Either of the following two:
    1. 15 hours courses in the following subjects: Ethics, Agency, Trust Fund Handling, Fair Housing, and Risk Management.
    2. One eight-hour survey course that covers the five mandatory subjects: Ethics, Agency, Trust Fund Handling, Fair Housing, and Risk Management
  2. Minimum of 18 Hours of Consumer Protection courses.
  3. The remaining of the stipulated 45 hours should be utilized in completing consumer services or consumer protection courses.
Source :www.MortgagesAnalyzed.com

Renewal Process

You can renew the license 90 days before the license expiration date using eLicensing system on BRE’s website. eLicensing avoids the use for any paperwork. You also has the option to renew the license through postal mail by submitting the following documents:

  1. Completed Salesperson Renewal Application (RE 209) or Completed Broker Renewal Application (RE 208), as applicable.
  2. Completed Continuing Education Course Verification (RE 251)
  3. Completed State Public Benefits Statement (RE 205)
  4. Proof of legal presence in the US (if not provided earlier, usually applies in the case of a resident alien with temporary status)
  5. Include the applicable fees along the application in the form of checks, cashier’s check, money order or credit card (by completing Form RE 909).
Source :www.MortgagesAnalyzed.com

Late Renewals

If you fail to renew the license prior to the expiration of the license, you must cease all mortgage and real estate activities that require the use of the license. After the expiration date, you still have two additional years to renew the license. After two years from expiration date, the license cannot be renewed at all and you will have to apply for a new license if you intend to perform mortgage or real estate related activities.

Source :www.MortgagesAnalyzed.com

Updated: Sep 14, 2013

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Main requirement to renew a Salesperson or Broker license is to obtain the required continuing education
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