In Texas, after 30 years as a real estate broker, and hundreds of closed “deals”, I could no longer keep my “license”. Why? Because of a little thing called “continuing education”. Every two years it’s another round of studying, classes and testing which is very time consuming and costly. Real Estate Training Schools and Courses have now become a large industry and fee generator for the state. It’s as simple as that. The word is “Corruption” in Austin.
Same for those in the investment business with E and O insurance, keeping up with licensing and CE. Quite a racket.
An overreaction to the old days when once you were licensed you were good forever as long as you paid your license renewals and were not convicted of a crime. But as the real estate laws changed there were myriad agents and even broker-owners who did not stay current. Ethics in particular were going downhill.
Our CE is due this year, by June I think. About 1/3 of the required hours are ethics, IIRC.
same old questions 450 dollars in california