Real Estate Principles Chapters 1-15 Exam Prep

Real Estate Principles Chapters 1-15 Exam Prep A real estate salesperson is supervised by the buyer or seller. the seller. any licensed broker. the employing broker only the employing broker only The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate license expires, licensed activity must cease but the license may be renewed up to two years later. four years later. one year later. three years later two years later A license that is not renewed before it expires may be renewed at any time up to two years from the expiration date. All licensed activity must cease before the license is renewed and a late renewal fee will be required. Every real estate broker must be licensed by the Bureau of State. Housing. Corporations. Real Estate. Real Estate The Bureau of Real Estate licenses real estate brokers in California. Under the Real Estate Law, a real estate salesperson works for a broker as an Incorrect associate broker. independent contractor. employee. agent.