CA Real Estate License Questions & Answers

Penny, a CA licensee, has been advertising on the internet. She specializes in the sale of upscale homes in the Hollywood Hills area. Penny has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done? - ANSWERPenny failed fo indicate in the advertisement her license status. As an examinee, or a new licensee, where is the best, most accurate source for current California Bureau of Real Estate information? - ANSWERThe DRE website Gerard, a Nevada real estate licensee, has been advertising his services online to California citizens. He sells resort property outside Las Vegas and believes the California market could be very lucrative. Is it permissible for Gerard to advertise in this manner? Why or why not? - ANSWERIt is not permissible for Gerard to solicit CA residents. He must hold a CA real estate license in addition to his Nevada license. California licensing laws define which of the following: - ANSWER- Real Estate Brokerage - Handling Trust Funds - Managing Escrow Accounts Upon completion of this course, you should understand: - ANSWER-The facts regarding disclosure of commissions earned to all parties in a transaction. -Real estate taxes and special assessments. -Encumbrances, liens, easements and encroachments. Which of the following will not be covered in this course? - ANSWERHow to advertise on the Internet in other states. Is it permissible to advertise real estate associated services or products in CA without a CA real estate license? - ANSWERYes, as long as the products or services do not include any actions for which a CA real estate license is required. Which regulation or section(s) apply to the use of the Internet for advertising in CA? - ANSWERCommission's Regulation 2770 An examinee or licensee may perform what transactions on the CalDRE website? - ANSWER-Check test results -Renee salesperson and broker license. -Obtain the current testing schedule Which portion of the California Business and Professions Code consists of the Subdivided Lands Law? - ANSWERPart 2, Sections 11000 to 11200 of the Business and Professions Code Susan is thinking of putting her home up for sale but doesn't want to use a real estate agent. What are her options? - ANSWERSusan may sell her property herself without obtaining a real estate license. Although she will be compensated for the sale of her home, she is not representing another person. Katrina had her license suspended for making false promises to clients. She had a habit of telling clients what they wanted to hear and never being able to state the facts. Of course, she could never follow through with her statements and several complaints were filed. Which guidelines constitute most suspensions? - ANSWERSections 10176 and 10177 of the Business and Professions Code. Sam has successfully completed the Real Estate Principles course, the Real Estate Practices course, an additional college level course, and passed the salesperson licensing examination. Which license is available to Sam? - ANSWERThe Four-Y