CALIFORNIA REAL ESTATE EXAM ACTUAL EXAM 200
QUESTIONS AND CORRECT DETAILED ANSWERS (WITH
MULTIPLE CHOICE QUESTIONS AND CORRECT
ANSWERS) |AGRADE
Purpose of CalBRE - ANSWER: The California Bureau of Real Estate (CalBRE) protects
the public through the enforcement of laws and requirements for salespersons' and
brokers' real estate licenses.
The California Real Estate Commissioner - ANSWER: The California Real Estate
Commissioner has 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.
Original Real Estate Salesperson License Requirements - ANSWER: A candidate for an
original real estate salesperson license must be at least 18 years old; pass a written
examination; provide Proof of Legal Presence in the United States and disclose any
criminal violation or disciplinary action.
Applicants who seek to obtain a 4-year salesperson license must complete the
college-level Real Estate Principles course, the Real Estate Practice course, and one
additional required college-level course.
Real Estate Broker License Requirements - ANSWER: The applicant for an original
real estate broker license must be at least 18 years old; actively engaged as a real
estate salesperson for at least two years during the five years immediately preceding
the application; have completed eight courses (five mandatory and three elective
courses).
Can a corporation be licensed as a RE broker? - ANSWER: A corporation may be
licensed as a real estate broker, if one officer is a qualified real estate broker, who
must submit a Corporation License Application and its fee.
Can corporations do business as FBN's or DBAs? - ANSWER: Some corporations may
do business under several fictitious business names ("dba"). Applications for changes
in name, salespersons and location must be officially submitted.
Renewal Requirements - ANSWER: All renewal applicants, including salespersons,
must complete a total of 45 hours of approved offerings within the four-year period
immediately preceding license renewal.
The license may be renewed within two years from expiration. Later than that, one
needs to re-qualify through the examination process.
, Revoked license reinstatement - ANSWER: After a license is revoked, the person
affected may not apply for reinstatement of the license until one year has passed.
Non-Working Status - ANSWER: Non-Working Status: a salesperson may hold a
license, but NOT perform acts requiring a license.
Brokers and Salesperson licenses must be displayed where? - ANSWER: For main
offices located in California, the broker's and salespersons licenses' must be available
for inspection and changes in the main office address must be forwarded in a written
notice (the change may be corrected in the certificate itself). For branch offices in
California, a license is required for each additional business location.
Mailing address with CalBRE - ANSWER: Both brokers and salespersons are required
to maintain their mailing address of record on file at all times while licensed.
Out of State Requirements - ANSWER: If a broker does NOT engage in licensed
activities in California, the broker must file an Out of State Broker Acknowledgment
(RE 235). Non-resident salespersons must be licensed with a California broker.
Salesperson license transfer of employing broker - ANSWER: CalBRE Licensing must
be notified in writing regarding transfers. Within 5 days, the salesperson and the
new employing broker must complete RE 214 - Salesperson Change Application-
Terminated Salesperson notification requirements - ANSWER: When a salesperson is
terminated, the employing broker must immediately file a certified written
statement of the facts with the CalBRE.
RE Broker license suspension & salesperson's licenses - ANSWER: If a real estate
broker license is revoked or suspended, the licenses of every real estate salesperson
in the broker's employ are automatically canceled. (They may transfer their licenses
to a new employing broker).
What is a Prepaid Rental Listing Service License - ANSWER: A Prepaid Rental Listing
Service License (PRLS) allows the licensee to collect for supplying a prospective
tenant with a list of prospective rentals
Sections 10176 and 10177 of the Business Professions Code - ANSWER: Sections
10176 and 10177 of the Business Professions Code constitute the foundation for
most license suspensions or revocations.
The most important topics under these sections, which constitute the grounds for
disciplinary action against a licensee:
>Misrepresentation; continued misrepresentation;
>False promise.
>Dual Agency, or Divided Agency.
QUESTIONS AND CORRECT DETAILED ANSWERS (WITH
MULTIPLE CHOICE QUESTIONS AND CORRECT
ANSWERS) |AGRADE
Purpose of CalBRE - ANSWER: The California Bureau of Real Estate (CalBRE) protects
the public through the enforcement of laws and requirements for salespersons' and
brokers' real estate licenses.
The California Real Estate Commissioner - ANSWER: The California Real Estate
Commissioner has 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.
Original Real Estate Salesperson License Requirements - ANSWER: A candidate for an
original real estate salesperson license must be at least 18 years old; pass a written
examination; provide Proof of Legal Presence in the United States and disclose any
criminal violation or disciplinary action.
Applicants who seek to obtain a 4-year salesperson license must complete the
college-level Real Estate Principles course, the Real Estate Practice course, and one
additional required college-level course.
Real Estate Broker License Requirements - ANSWER: The applicant for an original
real estate broker license must be at least 18 years old; actively engaged as a real
estate salesperson for at least two years during the five years immediately preceding
the application; have completed eight courses (five mandatory and three elective
courses).
Can a corporation be licensed as a RE broker? - ANSWER: A corporation may be
licensed as a real estate broker, if one officer is a qualified real estate broker, who
must submit a Corporation License Application and its fee.
Can corporations do business as FBN's or DBAs? - ANSWER: Some corporations may
do business under several fictitious business names ("dba"). Applications for changes
in name, salespersons and location must be officially submitted.
Renewal Requirements - ANSWER: All renewal applicants, including salespersons,
must complete a total of 45 hours of approved offerings within the four-year period
immediately preceding license renewal.
The license may be renewed within two years from expiration. Later than that, one
needs to re-qualify through the examination process.
, Revoked license reinstatement - ANSWER: After a license is revoked, the person
affected may not apply for reinstatement of the license until one year has passed.
Non-Working Status - ANSWER: Non-Working Status: a salesperson may hold a
license, but NOT perform acts requiring a license.
Brokers and Salesperson licenses must be displayed where? - ANSWER: For main
offices located in California, the broker's and salespersons licenses' must be available
for inspection and changes in the main office address must be forwarded in a written
notice (the change may be corrected in the certificate itself). For branch offices in
California, a license is required for each additional business location.
Mailing address with CalBRE - ANSWER: Both brokers and salespersons are required
to maintain their mailing address of record on file at all times while licensed.
Out of State Requirements - ANSWER: If a broker does NOT engage in licensed
activities in California, the broker must file an Out of State Broker Acknowledgment
(RE 235). Non-resident salespersons must be licensed with a California broker.
Salesperson license transfer of employing broker - ANSWER: CalBRE Licensing must
be notified in writing regarding transfers. Within 5 days, the salesperson and the
new employing broker must complete RE 214 - Salesperson Change Application-
Terminated Salesperson notification requirements - ANSWER: When a salesperson is
terminated, the employing broker must immediately file a certified written
statement of the facts with the CalBRE.
RE Broker license suspension & salesperson's licenses - ANSWER: If a real estate
broker license is revoked or suspended, the licenses of every real estate salesperson
in the broker's employ are automatically canceled. (They may transfer their licenses
to a new employing broker).
What is a Prepaid Rental Listing Service License - ANSWER: A Prepaid Rental Listing
Service License (PRLS) allows the licensee to collect for supplying a prospective
tenant with a list of prospective rentals
Sections 10176 and 10177 of the Business Professions Code - ANSWER: Sections
10176 and 10177 of the Business Professions Code constitute the foundation for
most license suspensions or revocations.
The most important topics under these sections, which constitute the grounds for
disciplinary action against a licensee:
>Misrepresentation; continued misrepresentation;
>False promise.
>Dual Agency, or Divided Agency.
