As of this fall, I’m not just a luxury real estate agent, I’m also a broker!
I obtained my Broker License on October 3, 2016 and am already using it to work harder and smarter for my clients in Petaluma, Sonoma and Marin County.
Real Estate Agent v. Real Estate Broker
There are a couple different real estate titles that are used within the industry, and the differences between them can be subtle and a little confusing. So here’s the short run down.
Anyone who passes the state real estate test and requirements can obtain a real estate license and be called a real estate agent. Even further, a real estate who is a member of the National Association of Realtors can also hold the title of realtor. A realtor works to uphold the standards of the association, as well as its code of ethics.
And then there is the real estate broker. This is a real estate agent who takes classes and furthers his or her education beyond just what is required by state laws. He or she has to pass a broker’s license exam. As a broker, you can then hire other agents to work for you.
For me in California, obtaining a broker license entailed having to understand appraisal, macroeconomics, property management, brokerage management, trust fund accounting and commercial real estate. In addition to learning lending practices with a heavy emphasis on ethics and fraud.
The broker license required passing a total of eight college courses specific to the industry. As I already had three courses under my belt, that helped me get a head a bit. I also needed a minimum of two years in the trenches then a five-hour final exam proctored by the Bureau of Real Estate. Passing the exam required answering 200 questions correct out of a possible 5,000. It really brought back the college studying days! To give you an idea of the time commitment and depth of knowledge necessary, most people take the exam two or three times before they pass.
How does a Broker License Change Celli Group Fine Properties?
Simply stated, scoring a broker license means I can really make the dream of Celli Group Fine Properties come alive. I can also be independent of Coldwell Banker or any other brokerage! This is something I have been thinking about for several years now as part of my professional development.
A broker license goes above and beyond the regular real estate agent renewal process. It deepens my commitment to my clients, both existing and yet to be discovered, by taking the time to explore deeper into the industry than the normal sales associate would.
With a State of California, Bureau of Real Estate Broker License, buying and selling luxury real estate will be a whole new adventure!
Contact me today to see what Celli Group Fine Properties can do for you!