Different license for residential vs. commercial?

In Los Angeles, is the license required to sell real estate different whether you want to sell residential vs. commercial? Most of my peers who work on the investment side (acquiring commercial properties for investment/rehab) have told me it's always good to have a broker's license. So I guess I am trying to figure out if there are different licenses depending on the type of property (i.e. is the license that a broker from CBRE has different than a license that a broker from Sotheby's had?).
In Selling Property - Asked by David T. - Jun 18, 2009
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Answer(s)

Paul S.
Broker/Agent
Glendora, CA

A real estate license in California covers all types of real property. There is a difference between a sales and brokers license. A sales license requires you to "hang" it with a broker while a broker can work independently. Both can sell any type of real property in California as well as do loans.

Jun 18, 2009
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Paul S.
Broker/Agent
Glendora, CA

Brokers or sales license in Calif good for all types of real property.

Jun 19, 2009
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Isaac S.
Broker/Agent
Pasadena, CA

The difference is what the agent is specialized in. for example you would not visit a heart specialist if you have a skin problem. And you would not sell/buy a commercial property through a residential agent.

Isaac Shadian
Coldwell Banker Commercial
Pasadena, CA

Jun 19, 2009
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Anand B.
Broker/Agent
Arlington Heights, IL

No difference in terms of license, but for residential you will need to line with an association (i.e. Realtors) and subscribe to an MLS. It appears, and is safe to say that Residential is a lot more work for a lot less money (in terms of regulation and association requirements)

Jun 21, 2009
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Chris S.
Broker/Agent
Coeur D'alene, ID

No difference expect experience. Multi-national companies like CBRE have significantly more reach than a local "resi-mercial" company. If you are serious about commercial real estate, then you need to focus on that exclusively and you will gain invaluable experience working with the big boys.

Aug 3, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

There is a difference in an agent and a broker license... but no difference in commercial vs residential licenses.

Aug 14, 2009
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