This post was last modified on August 26, 2024.
If you’re planning to start a career in real estate, staying updated on the latest industry developments is crucial. A significant change is the introduction of Senate Bill 1495 (SB 1495), which Governor Gavin Newsom signed into law in September 2022.
Since January 1, 2024, every applicant for the salesperson or broker examination is now required to complete a revised Real Estate Practice course, which includes new content covering two crucial components: implicit bias and fair housing laws. This guide will outline the new requirements, their objectives, who will be impacted, and how you can get ready for these changes.
Understanding the New Requirements
The revised course requirements, effective for all applications submitted to the Department of Real Estate (DRE) on or after January 1, 2024, include two key components:
- Implicit Bias:
- Instruction on how implicit, explicit, and systemic biases affect consumers
- Analysis of the historical and societal consequences of biases
- Actionable steps to recognize and address personal implicit biases
- Fair Housing Laws:
- Application of federal and state fair housing laws to real estate practice
- Interactive, participatory elements, including role-playing as consumers and real estate professionals
Aims of the New Requirements
The core objectives of the updated course requirements aim to:
- Ensure real estate professionals understand the impact of implicit, explicit, and systemic bias on consumers
- Increase awareness of historical and social effects of biases
- Ensure that real estate professionals comply with federal and state fair housing laws that prohibit discrimination based on race, color, religion, sex, national origin, familial status, or disability.
Who Will Be Affected by the New Requirements?
The new requirements will impact individuals who:
- Submit an application received by the DRE on or after January 1, 2024
- Seek to take either the real estate broker or the salesperson examination
The DRE will collaborate with real estate schools to ensure the updated courses meet legislative requirements over the next year.
Preparing for the New Requirements: Steps to Take
To prepare for these new requirements, consider the following steps:
- Select a real estate school, such as Chamberlin Real Estate School, that stays updated with the newest requirements and provides recently-modified course content.
- Stay informed about industry changes through newsletters, industry blogs, and networking with real estate professionals
- Engage in professional development opportunities, such as workshops and seminars, to expand your understanding of implicit bias and fair housing laws
“I have used Chamberlin Real Estate online school to obtain my salesman license, broker licence and six license renewals. The process is efficient and I not only passed the tests but also kept up to date legislation and procedure changes. It all worked great for me.” ~ Luciano Ercolini
The Bottom Line
The real estate industry is always changing, and it’s crucial for professionals to stay updated on the latest developments. The implementation of SB 1495 in January 2024 will require all applicants for the salesperson or broker examination to complete an updated course in real estate practice that includes new content on implicit bias and fair housing laws.
By grasping the impact of implicit, explicit, and systemic biases on consumers, as well as the historical and social effects of these biases, real estate professionals will be better prepared to serve their clients. Additionally, the fair housing component will ensure that real estate professionals comply with federal and state fair housing laws, promoting a more equitable industry.
By staying updated and choosing a real estate school that aligns with the latest requirements, you can position yourself for a successful and rewarding career in real estate.
