Step 1: Understand What Real Estate Wholesaling Is Real estate wholesaling is the process of: Finding deeply discounted properties (often distressed or off-market) Negotiating a purchase contract with the seller Assigning that contract to an end buyer (typically an investor) Earning a wholesaling fee (usually $5,000–$15,000 per deal) You never take ownership of the property — just...
June 2025
Step 1: Know the Base Tax Rate In California, the standard property tax rate is: 1% of the assessed value of the property This base rate is set by the state and applies to all counties. Step 2: Understand Assessed Value vs. Market Value The assessed value of your home may be different from its market value . Assessed value is determined by the county assessor It's typically...
Step 1: Understand What Can Be Reported You can file a complaint if a real estate agent: Misrepresented property details Engaged in discriminatory practices (fair housing violations) Committed fraud or forgery Failed to disclose conflicts of interest Mishandled escrow or trust funds Violated contract terms or licensing laws Step 2: Gather Evidence Before filing a...
Step 1: Understand the Exam Format The California real estate salesperson exam is administered by the Department of Real Estate (DRE) and includes: 150 multiple-choice questions Time limit: 3 hours Passing score: 70% or higher (at least 105 correct answers) The exam covers two main sections: Real Estate Principles (80 questions) Real Estate Practices (70 questions) Topics...
Step 1: Meet the Basic Requirements Before applying, make sure you meet California’s notary public eligibility requirements : Be at least 18 years old Be a legal resident of California Be fluent in reading and writing English Have no felony convictions (or have received a certificate of rehabilitation and pardon) Not currently dismissed from notary service for official...
Step 1: Meet the Basic Requirements Before you begin the process, make sure you meet the minimum eligibility requirements : Be at least 18 years old Hold a valid California real estate salesperson license (or equivalent from another state) Have at least two years of full-time real estate experience within the last five years as a licensed salesperson Be of good moral character (as...
When working with a real estate professional in California, it’s important to verify their license status. Whether you're buying, selling, or renting property, confirming that your agent or broker is licensed by the California Department of Real Estate (DRE) helps protect you from fraud and ensures you’re working with a qualified professional. Step 1: Visit the Official DRE Website Go to the...
Getting a real estate license in California is a smart move for those looking to enter one of the most active and lucrative real estate markets in the U.S. But how long does it take? The process typically takes 4–6 months , though the exact timeline depends on your pace of study, scheduling, and processing times. This guide breaks down each step and how long each part usually...
Selling real estate in California can be highly profitable but also complex due to the state’s unique laws, fast-moving market, and high buyer expectations. Whether you're a licensed agent or a homeowner selling your own property (FSBO), this guide will walk you through every step of how to sell real estate in California successfully. Step 1: Understand the California Real Estate Market Before...
California is one of the most dynamic and competitive real estate markets in the U.S., offering opportunities for agents, investors, developers, and property managers . Whether you're looking to become a licensed agent, buy your first home, or invest in rental properties, this guide will walk you through everything you need to know to do real estate in California successfully. Step 1: Choose Your...