California: Real Estate Principles Correctly Solved!!

The Department of Real Estate (DRE) protects the public through? - ANSWERThe enforcement of laws and requirements for salespersons' and brokers' real estate licenses. The California Real Estate Commissioner has the authority and power to do what? - ANSWERThey have 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. What can a person who is licensed do? - ANSWER1. Negotiate the sale, 2. Purchase/exchanges of real property; 3. Offer to lease or rent; 4. Solicit listings of real estate or prospective tenants; 5. Collect any sorts of payments regarding real property. What can a person who is UNlicensed do? - ANSWERThey may only solicit for the sale of real property if it is the owner or his legal representatives. Note: Others may be penalized under the law by acting as such. A candidate for an original real estate salesperson license must be? - ANSWER1. At least 18 years old, 2. Pass a written examination, 3. And disclose any criminal violation or disciplinary action. Applicants who seek to obtain a 4-year salesperson license must? - ANSWERComplete: 1. the college-level Real Estate Principles course, 2. The Real Estate Practice course, 3. and one additional required college-level course. The applicant for an original real estate broker license must be? - ANSWER1. at least 18 years old; 2. actively engaged as a real estate salesperson for at least two years during the five years immediately preceding the application; 3. have completed eight courses (five mandatory and three elective courses). The Commissioner might accept/declare sufficient alternative education/experience, as a broker applicant, if you file what? - ANSWER1. Employment Verification (RE 226) to prove work as salesperson for at least two years. 2. Employment Certification (RE 228) to prove work as real estate broker in another state. 3. Equivalent Experience Verification (RE 227) - major or minor in real estate graduation from a four-year university course is an alternative for experience requirements. All applicants must? - ANSWERTake and pass a written examination before the license can be granted. A corporation may be licensed as a real estate broker if? - ANSWER1. One officer is a qualified real estate broker, 2. The who is a broker must submit a Corporation License Application + its fee. Some corporations may do business under several fictitious business names ("dba") as long as? - ANSWERApplications are sent in with: 1. changes in name, 2. salespersons 3. and location must be officially submitted.