CA Real Estate License Questions & Answers(RATED A+)

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 adverti