LICENSING REQUIREMENTS

The remaining __ hours of the BRE-Approved continued education may consist of consumer service or consumer protection courses.

12

BRE-Approved continued Education, requires a minimum of ___ hours of consumer protection courses.

18

Licensees who were required to have all three statutory pre license courses (Real Estate Principles, Real Estate Practice, and one additional course) must complete __ hours of BRE-approved continued education.

45

The renewal of a broker's license requires the completion of __ hours of continuing education.

45

Which term means temporary and is not the same as the loss of a license? A) Cancellation B) Suspension C) Revocation D) Expiration

A

In the event of Death, suspension, revocation, or expiration of a broker's license, the active status of all the broker's salespersons are ________

Canceled

When licensees quit or are terminated their license is ________

Canceled.

During the Grace period, licensees ______ perform acts for which a license is required (including receiving compensation for licensed acts) until the continuing education is completed and the license is renewed

Cannot

Real estate brokers license require _____ college level courses.

Eight

Real estate brokers license requires ____ mandatory classes.

Five

Real estate salesperson licenses are issued for ____ year terms.

Four

If the continued education requirements are not fulfilled by the end of the four year term, the license is canceled and the licensee had a two year _____ _______ to complete the continued education requirements and renew the license.

Grace Periods

Grace periods come with a ____ ___

Late Fee

If a licensee is fired for cause, a ______ along with a certified written statement of facts must be sent to the Commissioner.

Notice

After passing the licensing exam, an applicant has ___ year to apply for a license

One

After quitting or being terminated, Broker's must notify the _____ ______ __________ within 10 days.

Real estate commissioner

Cancellation is temporary but means the licensee cannot perform any acts for which a license is __________

Required

Real estate brokers license requires _____ elective courses

Three

The education requirements for a real estate salesperson license is the successful completion of _____ semester long college level curses and one elective course.

Three

When A broker Notifies the Real estate Commisoner within 10 days of the termination or resignation of real estate salesperson, it is done through a ________ _______ form

Transfer Notice

Five separate Three-hour courses in ethics, agency, trust fund handling, fair housing and risk management are part of the BRE-approved continued education (T/F)

True

Real Estate Brokers renewing their license for the first time must complete the same 45 hour BRE-Approved continued education program that a Real Estate Licensee would take (T/F)

True

Real estate brokers license requirements may allow credits from previous college classes (T/F)

True

Subsequent renewals for broker and salespersons require 15 hours of continued education courses in the five mandatory subjects of ethics, agency, trust fund handling, risk management and fair housing or one eight hour course that covers these five mandatory subjects (T/F)

True

Subsequent renewals, regarding Brokers and salespersons require the completion of a 45 hour BRE-Approved continued education (T/F)

True

There are no experience requirements to qualify for a real estate salesperson license (T/F)

True

To qualify for a Real Estate Brokers License, ___ years of experience in real estate related field is required or a four year college degree with a major or minor in real estate.

Two