Can an attorney act as a real estate broker in California?
Category:
real estate
real estate buying and selling
Although licensed attorneys in California can broker a real estate transaction under California's Business & Professions Code section 10133, a real estate broker cannot under Bureau of Real Estate regulations split a commission with such an attorney if he or she is not a real estate licensee.
Beside this, can a lawyer be a real estate broker in California?
If you are an attorney who is a member of the California State Bar in good standing, you are exempt from some of the requirements to become a licensed real estate salesperson or real estate broker. However, you must still take and pass the relevant exam to become a salesperson or broker.
Similarly, you may ask, can an attorney also be a real estate agent?
If you talk to some lawyers, they might say you should hire a lawyer and not a real estate agent because a lawyer can provide both services. The trouble with that idea is few lawyers professionally sell real estate. On the other hand, real estate agents are not licensed to provide legal advice.
7 Steps to Becoming a Real Estate Broker in California
- Meet the Minimum License Requirements.
- Gain Real Estate Experience.
- Complete Eight College-Level Broker Courses.
- Get Fingerprinted If You Haven't Already.
- Submit the Combo Exam/Licensing Application and Fees.
- Schedule Your Exam.
- Pass the Real Estate Broker Exam.