California Real Estate Licensing, Laws, and Fair Housing
Regulation Comprehensive Resource To Help You Ace 2026-
2027 Exams Includes Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
Instant Download Pdf
1. What is the California Department of Real Estate (DRE)? - Correct
Answer: A division of the Bureau of Consumer Affairs under the Business,
Transportation, and Housing Agency.
2. What is the significance of the Certificate of Completion for a real estate
license applicant? - Correct Answer: It verifies the applicant's
qualification to take the state exam.
3. What is the maximum number of questions on the DRE exam? - Correct
Answer: 150 multiple choice questions.
4. What happens if a licensee's education requirements are not met by the
expiration date? - Correct Answer: Their real estate license will be
suspended.
5. What is a temporary or restricted license in real estate? - Correct
Answer: It may be issued for 150 days to allow time to pay child support in
arrears.
,6. What is the role of the Real Estate Commissioner? - Correct Answer: To
enforce Real Estate Law and issue various real estate licenses.
7. What happens if a broker of record dies or has their license suspended? -
Correct Answer: The salesperson's license is cancelled.
8. What is the requirement for a real estate salesperson to operate
independently? - Correct Answer: They must work under a licensed real
estate broker.
9. What is the purpose of the DRE Rules and Regulations? - Correct
Answer: To have the force and effect of law regarding real estate practices.
10.Who is legally responsible for the actions of all salesperson licensees? -
Correct Answer: The broker of record
11.Can a real estate salesperson work independently? - Correct Answer:
No, a real estate salesperson may not work independently.
12.What must a salesperson do if they leave the employ of a broker? -
Correct Answer: Notify the DRE within 10 business days.
13.What actions are unlicensed persons prohibited from performing in a
broker's office? - Correct Answer: Signing contracts, discussing price,
quoting interest rates, soliciting clients, discussing terms.
,14.What is one exception that allows a person to perform real estate duties
without a license? - Correct Answer: Dealing with one's own property.
15.How many promissory notes can a person buy/sell without requiring a real
estate broker's license? - Correct Answer: Fewer than eight promissory
notes in one calendar year.
16.What is required for a corporation to conduct real estate transactions? -
Correct Answer: A person holding an active real estate broker's license must
be an officer of the corporation.
17.What are the education requirements for obtaining a real estate broker's
license? - Correct Answer: Eight college-level courses of 45 hours each,
including 5 mandatory classes and 3 electives.
18.What is the experience requirement for a real estate broker's license? -
Correct Answer: Two years of active experience in the real estate profession
or a bachelor's degree.
19.How long is a real estate broker's license valid? - Correct Answer: Four
years.
20.What must a licensee complete at the end of their license term? -
Correct Answer: 45 hours of continuing education from DRE-approved
courses.
, 21.What is a real estate brokerage? - Correct Answer: A business that
transacts business on behalf of clients or acts as an intermediary.
22.What is a sole proprietor in real estate? - Correct Answer: A business
owned by one person who must hold an active real estate broker's license.
23.What is a partnership in real estate? - Correct Answer: A business
owned and operated by more than one person, where all partners must
hold an active real estate broker's license.
24.What is a branch office in real estate? - Correct Answer: An office
operated by a person holding an active real estate salesperson's license
with a minimum of two years' experience.
25.What is property management? - Correct Answer: The management of
small single-family residences, multi-unit residential properties, and
commercial properties.
26.What is a Mortgage Loan Originator (MLO)? - Correct Answer: A person
who obtains mortgages for potential borrowers by locating a lender that
matches their needs.
27.What does a Prepaid Rental Listing Service (PRLS) do? - Correct Answer:
Provides listings of residential properties available for rent for a fee.
Regulation Comprehensive Resource To Help You Ace 2026-
2027 Exams Includes Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
Instant Download Pdf
1. What is the California Department of Real Estate (DRE)? - Correct
Answer: A division of the Bureau of Consumer Affairs under the Business,
Transportation, and Housing Agency.
2. What is the significance of the Certificate of Completion for a real estate
license applicant? - Correct Answer: It verifies the applicant's
qualification to take the state exam.
3. What is the maximum number of questions on the DRE exam? - Correct
Answer: 150 multiple choice questions.
4. What happens if a licensee's education requirements are not met by the
expiration date? - Correct Answer: Their real estate license will be
suspended.
5. What is a temporary or restricted license in real estate? - Correct
Answer: It may be issued for 150 days to allow time to pay child support in
arrears.
,6. What is the role of the Real Estate Commissioner? - Correct Answer: To
enforce Real Estate Law and issue various real estate licenses.
7. What happens if a broker of record dies or has their license suspended? -
Correct Answer: The salesperson's license is cancelled.
8. What is the requirement for a real estate salesperson to operate
independently? - Correct Answer: They must work under a licensed real
estate broker.
9. What is the purpose of the DRE Rules and Regulations? - Correct
Answer: To have the force and effect of law regarding real estate practices.
10.Who is legally responsible for the actions of all salesperson licensees? -
Correct Answer: The broker of record
11.Can a real estate salesperson work independently? - Correct Answer:
No, a real estate salesperson may not work independently.
12.What must a salesperson do if they leave the employ of a broker? -
Correct Answer: Notify the DRE within 10 business days.
13.What actions are unlicensed persons prohibited from performing in a
broker's office? - Correct Answer: Signing contracts, discussing price,
quoting interest rates, soliciting clients, discussing terms.
,14.What is one exception that allows a person to perform real estate duties
without a license? - Correct Answer: Dealing with one's own property.
15.How many promissory notes can a person buy/sell without requiring a real
estate broker's license? - Correct Answer: Fewer than eight promissory
notes in one calendar year.
16.What is required for a corporation to conduct real estate transactions? -
Correct Answer: A person holding an active real estate broker's license must
be an officer of the corporation.
17.What are the education requirements for obtaining a real estate broker's
license? - Correct Answer: Eight college-level courses of 45 hours each,
including 5 mandatory classes and 3 electives.
18.What is the experience requirement for a real estate broker's license? -
Correct Answer: Two years of active experience in the real estate profession
or a bachelor's degree.
19.How long is a real estate broker's license valid? - Correct Answer: Four
years.
20.What must a licensee complete at the end of their license term? -
Correct Answer: 45 hours of continuing education from DRE-approved
courses.
, 21.What is a real estate brokerage? - Correct Answer: A business that
transacts business on behalf of clients or acts as an intermediary.
22.What is a sole proprietor in real estate? - Correct Answer: A business
owned by one person who must hold an active real estate broker's license.
23.What is a partnership in real estate? - Correct Answer: A business
owned and operated by more than one person, where all partners must
hold an active real estate broker's license.
24.What is a branch office in real estate? - Correct Answer: An office
operated by a person holding an active real estate salesperson's license
with a minimum of two years' experience.
25.What is property management? - Correct Answer: The management of
small single-family residences, multi-unit residential properties, and
commercial properties.
26.What is a Mortgage Loan Originator (MLO)? - Correct Answer: A person
who obtains mortgages for potential borrowers by locating a lender that
matches their needs.
27.What does a Prepaid Rental Listing Service (PRLS) do? - Correct Answer:
Provides listings of residential properties available for rent for a fee.
