RE227 - California Equivalent Experience for Broker's License

[Pavan Gupta]

Hey! My other half and I have been quietly building a real estate portfolio for a few years and I'm starting to become interested in managing transactions without the assistance of a broker/agent. I'm curious about how people are getting their Broker's license through the RE227 (https://www.dre.ca.gov/files/p...) equivalent experience approach? How does the California Department of Real Estate consider building, owning, renting, purchasing, and other investor styled activities in Real Estate?

It's a bit open-ended, but I wonder if this is actually pretty tightly defined somewhere else.

And I'm curious about whether there are groups that will take an investor into their teams to season them for a broker's application? I suspect there's investment value in groups like that if they exist.

[Ryan R.]

So assuming you do not have a BA degree or higher, get your salesperson license and hang with a broker that specializes in investment RE or property management until you get the experience, if that is the route you wish to go. 

But, if you do not have a specific goal that would require a Brokers license (Brokerage, Mortgage Company, Property Management) why do you want to get it? 

You can manage the deal and do not have to have an agent represent you to purchase a home from a seller and the savings in acquisition/disposition price really doesn't pay that much and takes the important liability off of your shoulders somewhat, if you don't have a license, additionally you do not have to disclose to sellers that you are a licensed person and do not have to worry about being considered a fiduciary to the seller, carrying liability or E&O and MLS dues, ect. It's not that big a deal if you are licensed, having to disclose to sellers, but, why take on the extra potential liability and cost, if you do not wish to have a business that requires it? I am licensed and if I didn't have plan that required the license I would drop it.