California Real Estate Broker Exam — All Questions
3 questions
California real estate brokers are licensed and regulated under the Real Estate Law (Business and Professions Code, Division 4) by the:
- a.California Association of Realtors
- b.California Department of Real Estate (DRE), headed by the Real Estate Commissioner✓
- c.California Bureau of Consumer Financial Protection
- d.County recorder's office
The California Department of Real Estate (DRE), led by the Real Estate Commissioner, administers the Real Estate Law found in Business and Professions Code Division 4 and the Commissioner's Regulations. The California Association of Realtors is a private trade group with no licensing authority, and county recorders only record documents.
Under California's Real Estate Law, the fundamental difference between a broker license and a salesperson license is that a broker:
- a.May skip continuing education
- b.Is exempt from trust-fund rules
- c.May operate independently, employ salespersons, and hold client trust funds, while a salesperson must work under a broker✓
- d.Does not need a license to sell real property
A California broker may operate an independent real estate business, employ salespersons, and maintain the trust account. A salesperson must be employed by and act under a licensed broker and cannot hold client funds independently. Both must complete continuing education. This supervisory capacity is why the broker exam is longer and harder.
California real estate licenses (broker and salesperson) must be renewed:
- a.Every four years, with completion of DRE-approved continuing education✓
- b.Every year, with a new examination
- c.Only once, because they are permanent
- d.Every ten years, with no education
California real estate licenses are issued for four years and require DRE-approved continuing education, including specified mandatory courses, before renewal. This four-year cycle applies to both brokers and salespersons and keeps licensees current on California law.