What is a restricted real estate license in California?
What is a restricted real estate license in California?
Restricted — The license is restricted as a result of an administrative action rendered by the Department of Real Estate. A restricted license is a probationary type license. ... The licensee may not perform acts for which a California real estate license is required during the period of the suspension.
What is restricted agency in real estate?
Limited agency means an agency relationship created for the purpose of providing real estate services in which the client's liability for the actions or statements of the agent is limited to actions or statements initiated by specific instruction of the client or those actions or statements about which the client had ...
What does inoperative real estate license mean?
More than 450 real estate businesses have lapses in their corporate licenses, according to IDFPR. These licenses are currently in “non-renewed” status, and if they are not restored by July 31, they will become listed as “inoperative.” Inoperative status means a firm could no longer legally do business in the state.Jan 9, 2018
How far back does a real estate background check go?
Residential information going back 7-10 years. Felony, misdemeanor, and sex crime convictions from a certain period. Court records and arrests, including decrees, docket numbers, judgements, and orders. Incarceration records.
Will a misdemeanor affect real estate license?
All states will ask for the information to be disclosed on the application to sit for the real estate exam. ... Regardless of how your state requests the information, you must completely and honestly disclose any conviction, felony or misdemeanor, to ever be considered for a real estate license.
Can a convicted felon get a real estate license?
For someone who has had a rough background or a felony conviction, getting a real estate license can be challenging — but it's not impossible. The rules will obviously vary from state to state, but with adherence to some basic requirements, you can indeed pursue a career as a real estate agent.