California Real Estate Exam; Questions & Answers Latest Update 100% Solved
2 views 0 purchase
Course
CA Real Estate
Institution
CA Real Estate
California Real Estate Exam; Questions &
Answers Latest Update 100% Solved
Purpose of CalBRE The California Bureau of Real Estate (CalBRE) protects the
public
through the enforcement of laws and requirements for salespersons' and
brokers' real estate
licenses.
The California Real Estate ...
California Real Estate Exam; Questions &
Answers Latest Update 100% Solved
Purpose of CalBRE ✔✔The California Bureau of Real Estate (CalBRE) protects the
public
through the enforcement of laws and requirements for salespersons' and
brokers' real estate
licenses.
The California Real Estate Commissioner ✔✔The California Real Estate
Commissioner has the
authority to investigate the actions of any person engaged in the business of a
licensee in
California, and has the power to deny, suspend or revoke the real estate license.
Original Real Estate Salesperson License Requirements ✔✔A candidate for an
original real
estate salesperson license must be at least 18 years old; pass a written
examination; provide
Proof of Legal Presence in the United States and disclose any criminal violation
or disciplinary
, California Real Estate Exam; Questions &
Answers Latest Update 100% Solved
action.
Applicants who seek to obtain a 4-year salesperson license must complete the
college-level Real
Estate Principles course, the Real Estate Practice course, and one additional
required college-
level course.
Real Estate Broker License Requirements ✔✔The applicant for an original real
estate broker
license must be at least 18 years old; actively engaged as a real estate
salesperson for at least two
years during the five years immediately preceding the application; have
completed eight courses
(five mandatory and three elective courses).
Can a corporation be licensed as a RE broker? ✔✔A corporation may be licensed
as a real estate
, California Real Estate Exam; Questions &
Answers Latest Update 100% Solved
broker, if one officer is a qualified real estate broker, who must submit a
Corporation License
Application and its fee.
Can corporations do business as FBN's or DBAs? ✔✔Some corporations may do
business under
several fictitious business names ("dba"). Applications for changes in name,
salespersons and
location must be officially submitted.
Renewal Requirements ✔✔All renewal applicants, including salespersons, must
complete a total
of 45 hours of approved offerings within the four-year period immediately
preceding license
renewal.
The license may be renewed within two years from expiration. Later than that,
one needs to re-
qualify through the examination process.
, California Real Estate Exam; Questions &
Answers Latest Update 100% Solved
Revoked license reinstatement ✔✔After a license is revoked, the person affected
may not apply
for reinstatement of the license until one year has passed.
Non-Working Status ✔✔Non-Working Status: a salesperson may hold a license,
but NOT
perform acts requiring a license.
Brokers and Salesperson licenses must be displayed where? ✔✔For main offices
located in
California, the broker's and salespersons licenses' must be available for
inspection and changes in
the main office address must be forwarded in a written notice (the change may
be corrected in
the certificate itself). For branch offices in California, a license is required for
each additional
business location.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller KarmaScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
