California Real Estate Exam Correct 100%

Purpose of CalBRE - ANSWERThe 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 - ANSWERThe 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 - ANSWERA 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 - ANSWERThe 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? - ANSWERA 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? - ANSWERSome corporations may do business under several fictitious business names ("dba"). Applications for changes in name, salespersons and location must be officially submitted. Renewal Requirements - ANSWERAll 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 - ANSWERAfter a license is revoked, the person affected may not apply for reinstatement of the license until one year has passed. Non-Working Status - ANSWERNon-Working Status: a salesperson may hold a license, but NOT perform acts requiring a license. Brokers and Salesperson licenses must be displayed where? - ANSWERFor 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 - ANSWERBoth brokers and salespersons