Chapter 1: Introduction to California Real Estate Principles

An examinee or licensee may perform what transactions on the DRE website?

Check test results. Renew salesperson and broker license. Obtain the current testing schedule.

Which regulation or section(s) apply to the use of the Internet for advertising in California?

Commission's Regulation 2770

Penny, a California licensee, has been advertising on the Internet. She specializes in the sale of upscale homes in the Hollywood Hills area. Penny has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done?

Penny failed to indicate in the advertisement her license status.

Gerard, a Nevada real estate licensee, has been advertising his services online to California citizens. He sells resort property outside Las Vegas and believes the California market could be very lucrative. Is it permissible for Gerard to advertise in this manner? Why or why not?

It is not permissible for Gerard to solicit California residents. He must hold a California real estate license in addition to his Nevada license.

Which portion of the California Business and Professions Code consists of the Subdivided Lands Law?

Part 2, Sections 11000 to 11200 of the Business and Professions Code

California licensing laws define which of the following:

Real Estate Brokerage Handling Trust Funds Managing Escrow Accounts

Upon completion of this course, you should understand:

The facts regarding disclosure of commissions earned to all parties in a transaction. Real estate taxes and special assessments. Encumbrances, liens, easements and encroachments.

Which of the following will not be covered in this course?

How to advertise on the Internet in other states

As an examinee, or a new licensee, where is the best, most accurate source for current California Department of Real Estate information?

The DRE website

Is it permissible to advertise real estate associated services or products in California without a California real estate license?

Yes, as long as the products or services do not include any actions for which a California real estate license is required.