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California Real Estate Agent Exams Questions And Answers With Verified Solutions 100% Correct!!!
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California Real Estate Agent Exams Questions And Answers With Verified Solutions 100% Correct!!!
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California Real Estate Agent ExamsQuestions And Answers With Verified
Solutions 100% Correct!!!
CalBRE - ANSWER✔✔California Bureau of Real Estate (Oversee, regulate,
administer and enforce real estate law
Real Estate Commissioner - ANSWER✔✔Chief officer of CaBRE, enforces all
real estate laws pertaining to real estate licensing and Subdivided Lands Act
Title 10 - ANSWER✔✔California Code of Regulations: where Commissioner
issues regulations addressing conduct of persons involved in real estate
Real Estate Broker - ANSWER✔✔For compensation, engages in: negotiating sale,
purchase & exchange of real estate, leases & business opportunities, soliciting
listings & buyers & sellers, facilitating leasing & renting for owners & tenants,
collecting rent from opportunities, negotiating sale & purchase of mobile homes
Real Estate Agent - ANSWER✔✔For compensation, is employed by licensed Real
Estate Broker to do acts of a licensed broker
-Agents are legally classified as *agents of the agent*, all services are done on
behalf of broker
-agent is agent of broker. broker is agent of client
Reasonable Supervision - ANSWER✔✔broker is expected to reasonably supervise
agent & agent actions including transactions, documents effecting parties involved
in transactions, filing/storage/maintenance of documents, handling of funds,
advertisements, knowledge of anti-discrimination laws, activities of agent
, Eligibility requirements for Agent or Broker - ANSWER✔✔Must be: 18 years old,
honest and truthful, file application with proper form, complete mandatory
education, and pass qualifying exam. Must also be fingerprinted.
Office - ANSWER✔✔Place where Broker displays license, maintained by Broker.
Used for client consultations & office work. Broker must obtain additional licenses
for each branch of office.
5 of 8 required courses for Broker - ANSWER✔✔Real estate practice
legal aspects of real estate
real estate appraisal
real estate finance
real estate economics or accounting
3 courses for broker can be picked from these options - ANSWER✔✔real estate
principles;
• business law;
• property management;
• real estate office administration;
• escrows;
• mortgage brokering and lending;
• advanced legal aspects of real estate;
• common interest developments (CIDs);
• advanced real estate finance;
• advanced real estate appraisal; or
• computer applications in real estate.12
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