CA DRE Real Estate Practices Questions with
Detailed Verified Answers
There are three main areas within this subject:
Listing of real property
Sales contracts
Marketing
⼀Answer:⼀ There are three main areas within this subject:
Listing of real property
Sales contracts
Marketing
Real Estate Practices describes government regulation of brokerage
transactions, the operations of the Department of Real Estate, types
of real estate licenses, requirements for obtaining broker and
salesperson licenses, continuing education requirements, and,
violations of real estate law and professional organizations.
⼀Answer:⼀ Real Estate Practices describes government regulation of
brokerage transactions, the operations of the Department of Real
Estate, types of real estate licenses, requirements for obtaining broker
and salesperson licenses, continuing education requirements, and,
violations of real estate law and professional organizations.
Also in this section will be a review of contracts in general, basic
elements of a contract, Statute of Frauds, performance of contracts,
discharge of contracts, Statue of Limitations, remedies for breach of
contract, liquidated damages, and real estate contracts.
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⼀Answer:⼀ Also in this section will be a review of contracts in
general, basic elements of a contract, Statute of Frauds, performance
of contracts, discharge of contracts, Statue of Limitations, remedies for
breach of contract, liquidated damages, and real estate contracts.
Additionally what agency is, special distinctions of a general
agency, creation of an agency relationship, disclosure and
confirmation of agency, ostensible agency, dual agency,
cooperating agents and subagent, agent's authority, the duties of
an agent towards a principle, real estate transfer disclosure, duties
and liabilities of the agent, rights of the agent, termination of
agency and the overview of the MLS (multiple listing service) are
discussed.
⼀Answer:⼀ Additionally what agency is, special distinctions of a
general agency, creation of an agency relationship, disclosure and
confirmation of agency, ostensible agency, dual agency, cooperating
agents and subagent, agent's authority, the duties of an agent
towards a principle, real estate transfer disclosure, duties and
liabilities of the agent, rights of the agent, termination of agency and
the overview of the MLS (multiple listing service) are discussed.
Real Estate Law is the law that regulates the licensing and conduct
of real estate agents. It is designed for the protection of the
p_________ in real estate transactions where an agent is involved.
The Law also protects the good standing of ethical a__________.
⼀Answer:⼀ Real Estate Law is the law that regulates the licensing
and conduct of real estate agents. It is designed for the protection of
the public in real estate transactions where an agent is involved. The
Law also protects the good standing of ethical agents.
The Real Estate Commissioner, appointed by the g________ of
California, determines administrative policy and enforces the
provisions of Real Estate Law. To be appointed, the designee must
have been a real estate broker for ____ years, and be actively
engaged in real estate business in California
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⼀Answer:⼀ The Real Estate Commissioner, appointed by the
governor of California, determines administrative policy and enforces
the provisions of Real Estate Law. To be appointed, the designee must
have been a real estate broker for five years, and be actively
engaged in real estate business in California
Responsibilities of the Real Estate Commissioner include:
Examine c_________ against licensees
R___________ specific aspects of the sale of s_____________
Monitor real property s____________transactions
Manage p________ rental listing services
Screen and qualify applicants for l________
Investigate ________-licensees alleged to be performing acts for
which a license is required.
⼀Answer:⼀ Responsibilities of the Real Estate Commissioner include:
Examine complaints against licensees
Regulate specific aspects of the sale of subdivisions
Monitor real property securities transactions
Manage prepaid rental listing services
Screen and qualify applicants for license
Investigate non-licensees alleged to be performing acts for which a
license is required.
The Commissioner is not responsible for settling
c________________ disputes. Those issues fall under the power of
a court and must be handled by an attorney, if the parties cannot
agree
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⼀Answer:⼀ The Commissioner is not responsible for settling
commission disputes. Those issues fall under the power of a court and
must be handled by an attorney, if the parties cannot agree
The Real Estate Advisory Commission is made up of ____
members: six licensed real estate brokers and four public members.
⼀Answer:⼀ The Real Estate Advisory Commission is made up of ten
members: six licensed real estate brokers and four public members.
The two main real estate licenses are the b_______'s license and
the s____________ license. The Real Estate Law requires a
salesperson to be supervised by a broker. A real estate salesperson
must be employed by a real estate broker in order to receive
commissions. A salesperson must never accept a commission
payment directly from the buyer or seller, or through escrow. The
escrow company pays a b________ when the escrow c_______
who then pays the salesperson.
⼀Answer:⼀ The two main real estate licenses are the broker's license
and the salesperson's license. The Real Estate Law requires a
salesperson to be supervised by a broker. A real estate salesperson
must be employed by a real estate broker in order to receive
commissions. A salesperson must never accept a commission payment
directly from the buyer or seller, or through escrow. The escrow
company pays a broker when the escrow closes who then pays the
salesperson.
Types of agents include:
Real estate agent - someone with a b_________ or s__________
license; negotiates sales for clients.
Real estate broker - someone with a broker license; negotiates sales
for clients; able to e________ a person with a salesperson license.
Real estate salesperson or real estate sales associate - someone
with a salesperson l________; must work under a real estate broker
to perform any real estate transactions.
Licensee - a salesperson or broker.