CA DRE Real Estate Practices Correct 100%

There are three main areas within this subject: Listing of real property Sales contracts Marketing - ANSWERThere 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. - ANSWERReal 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. - ANSWERAlso 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. - ANSWERAdditionally 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__________. - ANSWERReal 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 - ANSWERThe 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. - ANSWERResponsibilities 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 - ANSWERThe 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 ____ m