Real Estate License CH 1-3

All real estate brokers and sales agents must complete at least __________ of continuing education (CE) every four years to renew a license issued by the California Bureau of Real Estate (CalBRE).

45 hours

The California Legislature created the __________ to oversee, regulate, administer and enforce the real estate law.

CalBRE

Agency in real estate related transactions includes relationships between brokers and their:

Principles and agents

To be eligible for a broker or agent license, the applicant must:

Provide proof of legal presence in US Complete the mandatory education Pass the qualifying exam

The chief officer of the California Bureau of Real Estate (CalBRE) is the:

Real Estate Commissioner

The __________ is available to individuals who have obtained a judgment against a licensee and are unable to recover the judgment from the licensee for losses caused while acting as an agent.

Real Estate Recovery Fund

A residential mortgage loan is any loan primarily for personal, family or household use, known as a:

consumer purpose loan

A broker's representation of a client, such as a buyer or seller, is properly undertaken

on a written employment agreement signed by both the client and the broker.

The Agency Law Disclosure in one-to-four unit residential transactions must be attached to:

purchase agreements seller's listing agreement exchange arrangements

Should a seller's agent fail to deliver the Agency Law Disclosure on a targeted transaction, they risk:

the loss of their fee