Real Estate Law 102

admin 2019.05.17 17:21 Views : 375

Check Your Understanding Answers

  1. Explain how the California Department of Real Estate (DRE) protects the public.

    DRE protects the public from incompetent or downright dishonest real estate licensees through the enactment and enforcement of laws relating to real estate and by establishing requirements for the real estate salespersons' and brokers' licenses.
     
  2. How does DRE generate revenue for operating costs?

    Operating revenue is derived from fees charged for real estate licenses, subdivision public reports, and various other permits issued by the Department.
     
  3. List three of the California Real Estate Commissioner’s specific duties. (Additional correct answers on page 4.)
    • Qualification of applicants and issuance of real estate licenses
    • Investigation of complaints and, where appropriate, pursuit of formal action against licensees
    • Regulation of the sale or lease of subdivision interests
       
  4. What are the required qualifications to be appointed as Commissioner?

    A Commissioner candidate must have served for a minimum of 5 years as a real estate broker actively engaged in the real estate business in California, OR must possess 5 years' related experience associated with real estate activity in California during the last 10 years.
No. Subject Author Date Views
342 void contract admin 2019.05.22 242
341 requirement be restored admin 2019.05.22 300
340 discriminate admin 2019.05.22 323
339 culmination admin 2019.05.22 294
338 Exclusive agency vs Exclusive right to sell admin 2019.05.22 479
337 ground floor handicapped accessible admin 2019.05.22 1287
336 violation of the Federal Fair Housing Act admin 2019.05.22 412
335 Valuable consideration admin 2019.05.22 357
334 quiet title admin 2019.05.22 341
333 Subrogation admin 2019.05.22 521
332 Quiz 15 admin 2019.05.17 12983
331 Chapter 15 Conclusion admin 2019.05.17 1119
330 Real Estate Law 107 admin 2019.05.17 455
329 Real Estate Law 106 admin 2019.05.17 259
328 Real Estate Law 105 admin 2019.05.17 298
327 Real Estate Law 104 admin 2019.05.17 353
326 Real Estate Law 103 admin 2019.05.17 262
» Real Estate Law 102 admin 2019.05.17 375
324 Quiz 14 admin 2019.05.16 16957
323 Chapter 14 Conclusion admin 2019.05.16 285