If you’re looking to pursue a career in real estate, it’s important to stay up-to-date on the latest changes in the industry. One significant change that’s on the horizon is the implementation of Senate Bill 1495 (SB 1495), signed by Governor Gavin Newsom in September 2022.
Starting January 1, 2024, all applicants for the salesperson or broker examination will be required to complete a revised course in real estate practice that includes new content. The updated course will cover two important components: implicit bias and fair housing laws.
The implicit bias component will provide education on the impact of implicit bias, explicit bias, and systemic bias on consumers, as well as the historical and social impacts of those biases. Students will also learn actionable steps they can take to recognize and address their own implicit biases.
The fair housing component will focus on the application of federal and state fair housing laws to the practice of real estate. This will include an interactive participatory component, where the applicant engages in role-play as both a consumer and a real estate professional.
It’s important to note that these new requirements will affect individuals who submit an application received by DRE on or after January 1, 2024, to take either the real estate broker or the salesperson examination. However, the DRE will be working with real estate schools to ensure that the new course meets the legislative requirements over the next year.
Staying informed about changes like these can help you prepare for a successful career in real estate. If you’re considering getting a real estate license, make sure to choose a real estate school that is up-to-date on the latest requirements and can provide you with the knowledge and skills you need to succeed in this dynamic industry.
