Real Estate Practice and Ethics Flashcards
6 cards from real CA REAL ESTATE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Real Estate Practice and Ethics flashcards as text
The California Real Estate Commissioner is appointed by whom?
Answer: The Governor of California
The California Real Estate Commissioner is appointed by the Governor to head the California Department of Real Estate.
Which organization enforces California's Real Estate Law and issues licenses?
Answer: California Department of Real Estate (DRE)
The California Department of Real Estate (DRE) is the state agency that licenses and regulates real estate professionals.
A real estate salesperson's license in California is valid for how long?
Answer: 4 years
California real estate salesperson and broker licenses are issued for a four-year term and require continuing education for renewal.
What is the purpose of the California Real Estate Recovery Fund?
Answer: To compensate victims who suffer financial loss due to a licensee's fraud or misrepresentation
The Recovery Fund compensates consumers who obtain a court judgment against a licensee for fraud, misrepresentation, or deceit.
Which of the following actions would most likely result in the revocation of a real estate license in California?
Answer: Commingling client funds with personal funds
Commingling client funds with personal or business funds is a serious violation that can result in license revocation in California.
What is the minimum age requirement to obtain a real estate salesperson license in California?
Answer: 18 years
California requires applicants for a real estate salesperson license to be at least 18 years of age.