Best answer: Who has the responsibility for prosecuting in court the practice of real estate without a license?

Who is exempt from the Colorado real estate license Law?

In Colorado, who of the following is exempt from real estate license law? Investor who owns 12 investment properties and sells one to an owner-occupant. Inactive licensee assisting friends in filling out purchase offers and negotiating deals.

What is the California Department of Real Estate responsible for?

The California Department of Real Estate (DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement.

When you get a real estate license the public may hold you accountable for having as reasonable skill as they would a real estate licensee who has been practicing for 10 years?

When you get a real estate license, the public may hold you accountable for having as reasonable skill as they would a real estate licensee who has been practicing for 10 years. 1. True.

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What is the main purpose of real estate law?

California’s Real Estate Law (also known as the license law) is contained in sections 10000 to 10580 of the Business and Professions Code. The purpose of the law is to regulate the real estate profession and protect the public from incompetent, unethical, or dishonest real estate agents.

What are the two most common forms of compensation that brokers use?

Chp 5 Unit 5

Question Answer
As a listing agent, in most cases your listing will be sold by a cooperating broker
What is the term given to assigned office duty? Floor Time
What are the two most common forms of compensation that brokers use? Salary or a percentage of the commission

What is the purpose of the Colorado real estate license law?

The Colorado Real Estate Broker License Law was passed to protect the people of the State of Colorado. Through licensing, the law seeks competency and integrity on the part of those engaged in the real estate business.

Which of the following can terminate an agency relationship?

Which of the following can terminate an agency relationship? An agency relationship may be terminated by mutual agreement; revocation by principal; renunciation by agent; expiration of its term; extinction of its subject matter; death or incapacity of either principal or agent.

How do you become a real estate commissioner in California?

The commissioner shall be appointed by the Governor. 10052. The commissioner shall have been for five years a real estate broker actively engaged in business as such in California, or shall possess related experience associated with real estate activity in California for five years within the last 10 years.

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What is a CA real estate license called?

A California real estate license (also commonly called a salesperson license) authorizes you to represent buyers and sellers in real estate transactions.

Who are exempt from the real estate licensing education requirements in California?

70/30 Continuing Education Exemption. , real estate licensees who submit satisfactory evidence to the Commissioner that they are 70 years of age or older and have been “licensees in good standing” for 30 continuous years in California are exempt from the continuing education requirements for license renewal.