California Real Estate Exam UPDATED Questions and CORRECT Answers
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Course
California Real Estate
Institution
California Real Estate
California Real Estate Exam UPDATED
Questions and CORRECT Answers
Purpose of CalBRE - CORRECT ANSWER- 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 E...
California Real Estate Exam UPDATED
Questions and CORRECT Answers
Purpose of CalBRE - CORRECT ANSWER✔✔- 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 - CORRECT ANSWER✔✔- 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 - CORRECT ANSWER✔✔- 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 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 - CORRECT ANSWER✔✔- 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? - CORRECT ANSWER✔✔- A corporation
may be licensed as a real estate 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? - CORRECT ANSWER✔✔- 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 - CORRECT ANSWER✔✔- 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.
Revoked license reinstatement - CORRECT ANSWER✔✔- After a license is revoked, the
person affected may not apply for reinstatement of the license until one year has passed.
Non-Working Status - CORRECT ANSWER✔✔- Non-Working Status: a salesperson may
hold a license, but NOT perform acts requiring a license.
Brokers and Salesperson licenses must be displayed where? - CORRECT ANSWER✔✔- 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.
Mailing address with CalBRE - CORRECT ANSWER✔✔- Both brokers and salespersons
are required to maintain their mailing address of record on file at all times while licensed.
Out of State Requirements - CORRECT ANSWER✔✔- If a broker does NOT engage in
licensed activities in California, the broker must file an Out of State Broker Acknowledgment
(RE 235). Non-resident salespersons must be licensed with a California broker.
Salesperson license transfer of employing broker - CORRECT ANSWER✔✔- CalBRE
Licensing must be notified in writing regarding transfers. Within 5 days, the salesperson and
the new employing broker must complete RE 214 - Salesperson Change Application-
Terminated Salesperson notification requirements - CORRECT ANSWER✔✔- When a
salesperson is terminated, the employing broker must immediately file a certified written
statement of the facts with the CalBRE.
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