The Bureau of Real Estate (BRE) Salesperson License is an important and usually the first step in starting the real estate and mortgage career in California. A Salesperson licensee is required to be employed under a California licensed broker before engaging in any activity that requires a license. He/she always acts as an agent of the broker and always represents the broker. This requirement gives a Salesperson an opportunity to start working under an established real estate broker and learn the fine points of the profession. After gaining required experience, the Salesperson may choose to apply for a Broker license and become independent or continue working with the broker.
If you engage in sale, exchange, negotiation, or solicitation of real estate, mortgage loans, leases, or real estate sales contracts for compensation will require a license in California. Visit BRE Licenses page to learn more on activities that require a license.
Certain restrictions or circumstances that can cause an application to be denied are:
Applicants who desire to enter the mortgage industry and conduct residential (1 to 4 units) Mortgage Loan Originator (MLO) activities are required to obtain a MLO license endorsement after obtaining BRE Salesperson/Broker License. BRE defines MLO as "An individual who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or gain."
Therefore, to conduct mortgage activities, the applicant should consider the additional MLO related requirements:
You have two choices when applying for license:
Broker license is renewed every four year upon completion of the required continuing education requirements and other renewal requirements. Learn more here for renewal requirements.
Updated: Sep 14, 2013