Question 1

Department of Real Estate (DRE) was created by the _______ to ________, ________, ________, and _______ the real estate law.

Accepted Answer

California Legislature

(oversee, regulate, administer, and enforce)

Question 2

Who is the chief officer of the DRE and what is their principal responsibility?

Accepted Answer

Real Estate Commissioner primary responsibility is to enforce all the real estate laws pertaining to real estate licensing and the Subdivided Lands Act.

Question 3

How does the Real Estate Commissioner enforce that real estate licensees and members of the public dealing with licensees receive maximum protection?

Accepted Answer

Commissioner issues regulations addressing conduct of persons falling within the real estate law activities.  These regulations are part of Title 10 (California Code of Regulations).

Question 4

Requires a license issued by the DRE.
1.  Real estate broker
2.  Real estate agent
3.  Both real estate broker and agent

Accepted Answer

3.  Both real estate broker and agent

Question 5

A real estate broker, for or in expectation of compensation, engages in negotiating:
1.  ________
2.  ________
3.  ________

Accepted Answer

1. the sale, purchase, or exchange of real estate, leases, or business opportunities.
2. real  property sales contracts
3. sale or purchase of a mobile home

Question 6

Besides negotiating, a real estate broker engages in the following acts for compensation:
1.  ________
2.  ________
3.  ________
4.  ________

Accepted Answer

1.  Soliciting listings, buyers or sellers
2.  Leasing or renting
3.  Collecting rent 
4.  Assisting in the purchase or lease of s property owned by state or federal government

Question 7

Real Estate Agent

Accepted Answer

A person who, for or expected compensation, is employed by a licensed broker to do one or more of the acts of a licensed broker.

Question 8

Real estate agents are legally classified as ________ of the ________ since they need to be employed by a _______ to _____.

Accepted Answer

agents, agents, licensed broker, render real estate- related services to the public.

Question 9

A sales agent employed by a broker is the ________ of the _______, not a client.  In turn the broker is the ______ of the client.

Accepted Answer

agent , client, agent

Question 10

What is the website for the Department of Real Estate?

Accepted Answer

www.dre.ca.gov

Question 11

A sales agent can do the following on their own behalf:
a.  Prepare sales documents
b.  Prepare disclosure sheets and listings
c.  Both a and b
d.  None of the above

Accepted Answer

d.  None of the above.  A sales agent represents the broker and authorized to prepare sales disclosures, disclosure sheets, listings, etc. on behalf of the broker only.

Question 12

A broker employing agents is required to reasonably supervise sales agents’ activities by establishing ________, ________, ________, and ________ to review and manage.

Accepted Answer

Policies, rules, procedures, statements

Question 13

A broker establishes policies, rules, procedures, and statements to review and manage the following sales agents’ activities: (7 activities)

Accepted Answer

- Transactions requiring a real estate license; - having a material effect upon the rights or obligations of a party to the transaction; - the filing, storage, and maintenance of documents; - the handling of trust funds; - advertisement of services that r

Question 14

To be eligible for a broker or agent license, the applicant needs to: (list 5)

Accepted Answer

- be at least 18 years old;
- be honest and truthful;
- make the application on the proper form prescribed by the DRE
- complete the mandatory education; and pass the qualifying test

Question 15

All broker or agent applicants need to be fingerprinted.
True or False

Accepted Answer

False.  An applicant currently licensed by the DRE or holds a real estate license that expired less than two years ago does not need to be fingerprinted.

Question 16

The real estate broker office is the place where the broker ________ and ________.

Accepted Answer

Displays their license, where consultation with clients are held

Question 17

A broker, if maintains more than one place of business, is required to apply and obtain an additional license for each branch.

Accepted Answer

True

Question 18

An agent who has held a real estate agent license for at least ________ years and has worked ________ as an agent during the required time may apply for a broker license.

Accepted Answer

2 years, full-time (40 hours a week)

Question 19

When applying for a broker license, DREA requires employment verification using the ________ issued by DREA.

Exemptions are ________ or ________.

Accepted Answer

Employment Verification Form,
at least two years of general real estate experience, graduated with a real estate specific degree from a four year college or university

Question	Answer
Department of Real Estate (DRE) was created by the _______ to ________, ________, ________, and _______ the real estate law.	California Legislature (oversee, regulate, administer, and enforce)
Who is the chief officer of the DRE and what is their principal responsibility?	Real Estate Commissioner primary responsibility is to enforce all the real estate laws pertaining to real estate licensing and the Subdivided Lands Act.
How does the Real Estate Commissioner enforce that real estate licensees and members of the public dealing with licensees receive maximum protection?	Commissioner issues regulations addressing conduct of persons falling within the real estate law activities. These regulations are part of Title 10 (California Code of Regulations).
Requires a license issued by the DRE. 1. Real estate broker 2. Real estate agent 3. Both real estate broker and agent	3. Both real estate broker and agent
A real estate broker, for or in expectation of compensation, engages in negotiating: 1. ________ 2. ________ 3. ________	1. the sale, purchase, or exchange of real estate, leases, or business opportunities. 2. real property sales contracts 3. sale or purchase of a mobile home
Besides negotiating, a real estate broker engages in the following acts for compensation: 1. ________ 2. ________ 3. ________ 4. ________	1. Soliciting listings, buyers or sellers 2. Leasing or renting 3. Collecting rent 4. Assisting in the purchase or lease of s property owned by state or federal government
Real Estate Agent	A person who, for or expected compensation, is employed by a licensed broker to do one or more of the acts of a licensed broker.
Real estate agents are legally classified as ________ of the ________ since they need to be employed by a _______ to _____.	agents, agents, licensed broker, render real estate- related services to the public.
A sales agent employed by a broker is the ________ of the _______, not a client. In turn the broker is the ______ of the client.	agent , client, agent
What is the website for the Department of Real Estate?	www.dre.ca.gov
A sales agent can do the following on their own behalf: a. Prepare sales documents b. Prepare disclosure sheets and listings c. Both a and b d. None of the above	d. None of the above. A sales agent represents the broker and authorized to prepare sales disclosures, disclosure sheets, listings, etc. on behalf of the broker only.
A broker employing agents is required to reasonably supervise sales agents’ activities by establishing ________, ________, ________, and ________ to review and manage.	Policies, rules, procedures, statements
A broker establishes policies, rules, procedures, and statements to review and manage the following sales agents’ activities: (7 activities)	- Transactions requiring a real estate license; - having a material effect upon the rights or obligations of a party to the transaction; - the filing, storage, and maintenance of documents; - the handling of trust funds; - advertisement of services that r
To be eligible for a broker or agent license, the applicant needs to: (list 5)	- be at least 18 years old; - be honest and truthful; - make the application on the proper form prescribed by the DRE - complete the mandatory education; and pass the qualifying test
All broker or agent applicants need to be fingerprinted. True or False	False. An applicant currently licensed by the DRE or holds a real estate license that expired less than two years ago does not need to be fingerprinted.
The real estate broker office is the place where the broker ________ and ________.	Displays their license, where consultation with clients are held
A broker, if maintains more than one place of business, is required to apply and obtain an additional license for each branch.	True
An agent who has held a real estate agent license for at least ________ years and has worked ________ as an agent during the required time may apply for a broker license.	2 years, full-time (40 hours a week)
When applying for a broker license, DREA requires employment verification using the ________ issued by DREA. Exemptions are ________ or ________.	Employment Verification Form, at least two years of general real estate experience, graduated with a real estate specific degree from a four year college or university

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Agency Chp 1-6