According to the laws of real estate licensing in California,
employees of the banks and certain lending establishments
, cemetery authorities, certain agricultural associations, short term rental agents, licensed personal property brokers,etc are not required to register themselves or obtain license for a real estate …
Who is exempt from real estate licensing requirements in California?
Exemptions to the license requirement include:
resident managers of apartment buildings and complexes or their employees
; short-term (vacation – only if under 30 days) rental agents; employees of certain lending institutions; employees of real estate brokers for specific, limited functions; certain agricultural …
Who administers real estate in California?
The California Legislature created
the California Bureau of Real Estate (CalBRE)
to oversee, regulate, administer and enforce the real estate law. The CalBRE is contained within the Department of Consumer Affairs. 1 Calif. Business and Professions Code §§10000 et seq.
Which of the following is not a goal of real estate appraiser?
Which of the following is not a goal of a real estate appraiser?
To determine the marketability of a property
. Ross, a newly licensed residential real estate appraiser, is on his way to appraise his very first piece of property. Please help Ross put the appraisal steps in order.
Is a broker allowed permitted to accept lender funds unless that broker owns the loan?
Is a Broker allowed to accept lender funds unless that broker owns the loan? …
No, it is NOT permissible for a broker to accept those funds
. The requirement is outlined in Article 5. Marcus wants to have the deed to his new home recorded to protect his ownership rights.
What is the fastest way to get a real estate license in California?
The fastest way to get your real estate license is
through an online program
. In California, all students are required to spend at least 54 hours in an accredited real estate program, per the DRE.
Can you sell real estate in California without a license?
For people interested in house flipping in the state of California, one of the most common questions asked is “do I need a real estate license?” The simplest answer to this question is “no.”
There is no law that requires you to obtain a California real estate license in order to flip houses
.
Who is the California real estate Commissioner appointed by?
The Real Estate Commissioner is appointed by
the Governor
, and serves as the chief executive of the Department of Real Estate.
What does the California Bureau of real estate do?
The mission of the California Department of Real Estate is
to safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement
.
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 much do appraisers make?
The average income for home appraisers
is $60,040
as of 2020, according to PayScale, although a certified residential real estate appraiser may earn $100,000 or more, as they become more experienced. 1 A trainee earns considerably less with annual earnings before taxes as low as $20,000.
Do appraisers know loan amount?
About 92% of the time the appraisal has no impact on the mortgage loan because the
appraised value is the same as
, or higher than, the contract price. … Sometimes the buyer is able to negotiate the price all the way down to the appraised value and sometimes only part way.
Which phrase best defines real estate?
Terms in this set (20) Which phrase best defines real estate?
Land and all things permanently affixed to it
.
Which agency relationship can most easily result in a conflict of interest for the broker?
Which agency relationship can most easily result in a conflict of interest for the broker?
A breach of the agent’s fiduciary responsibilities to the client
.
Which of the following listing agreements is illegal in most states?
Net listings
are illegal in most states and are a good way for a real estate agent to get sued. Under a net listing agreement, real estate agents promise sellers they will get a certain amount of money for their property, and the agents will keep anything above that amount as a commission.
What is the real estate regulatory body in California?
The California Department of Real Estate
exists to serve the real property market and protects the transactions occurring in the real estate field. The DRE grants licenses to Real Estate Brokers and Salespersons.
