What is the main purpose of the Real Estate Law quizlet?
California’s Real Estate Law (also known as the license law) is contained in sections 10000 to 10580 of the Business and Professions Code. The purpose of the law is to regulate the real estate profession and protect the public from incompetent, unethical, or dishonest real estate agents.
What is the role of the real estate commissioner quizlet?
The real estate commissioner determines administrative policy and enforces that policy in the best interests of those dealing with real estate licensees.
What is 2781 of DRE Commissioner’s regulations regarding?
DRE Regulations 2780 -2781 prohibit various discriminatory conduct by real estate licensees with regard to race, color, sex, marital status, religion, ancestry, physical handicap or national origin.
What does the real estate law require that every broker has in regards to his or her salespeople?
The real estate law requires that every broker must have a written agreement with each of his or her salespeople. … The employment agreement must be on a form approved by the Commissioner.
Who many times can a person retake a real estate license examination quizlet?
How many times can a person retake a real estate license examination? An unlimited amount. You just studied 21 terms!
What is the primary purpose of real estate licensing laws?
Real estate licenses, authorizations issued by state governments, give agents and brokers the legal ability to represent a home seller or buyer in the process of buying or selling real estate.
Which of the following is a duty of the real estate Commissioner?
The Real Estate Commissioner, who is appointed by the Governor, is the chief executive of the Department of Real Estate. To facilitate the administration and enforcement of the Real Estate Law and the Subdivided Lands Law, the Commissioner is empowered by law to issue regulations.
Which of the following are contingencies in a real estate contract?
Contingencies can include details such as the time frame (e.g. “the buyer has 14 days to inspect the property”) and specific terms (e.g. “the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%”).
Who is exempt from a transfer disclosure statement?
Other exemptions from of the TDS include transfers from one co-owner to another, transfers made to a spouse or child, grandchild, parent, grandparent or other direct ancestor or descendent; transfers between spouses in connection with dissolution of marriage, and various transfers to the state for failure to pay …
How do you become a real estate commissioner?
The commissioner shall be appointed by the Governor. 10052. The commissioner shall have been for five years a real estate broker actively engaged in business as such in California, or shall possess related experience associated with real estate activity in California for five years within the last 10 years.
Which of the following does not require a real estate license for the sale of real property group of answer choices?
Which of the following does NOT require a real estate license for the sale of real property? California Real Estate Law.
What term describes a temporary suspension of the development of a property?
Definition. B. Term. What is a temporary suspension of the development of a group of properties called? a) A moratorium.