Real Estate Law 105

admin 2019.05.17 20:54 Views : 298

Check Your Understanding Answers

  1. What are the Commissioner’s Regulations?

    The Commissioner's Regulations are rules that are part of the California Administrative Code. These regulations have been established and are enforced by the Commissioner.
     
  2. In order for the Commissioner to investigate a complaint, what timeframe must the complaint be filed?

    Within three years of the alleged violation
     
  3. List three situations where the Commissioner may temporarily suspend or permanently revoke a real estate licensee’s license. (Additional correct answers on pages 30, 31, and 32.)

    A licensee found guilty of any of the following while performing real estate duties:
    • Making a substantial misrepresentation by knowingly or negligently making a false statement of fact or failing to disclose a material fact.
    • Acting for more than one party in a transaction without the knowledge and written consent of all parties (undisclosed dual agent)
    • Acting in any matter that constitutes fraudulent or dishonest dealing
       
  4. What is the Recovery Fund?

    The Recovery Fund is an account established as a last resort for a consumer who has obtained a final civil judgment or criminal restitution order against a real estate licensee based on fraud or certain other grounds.

    The consumer can receive payment of damages and arbitration from this fund if the judgment hasn't been satisfied through the normal post-judgment proceedings.
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
» 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
325 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