BRE

Question 0

What is main purpose of BRE?

Answer 0

To protect the public. Do this by establishing requirements for real estate salespersons and brokers licenses.

Question 1

What is the mission of the BRE?

Answer 1

Our mission: to protect the public in real estate transactions and provide related services to the real estate industry.

Question 2

Where are BRE’S 5 District offices in CA?

Answer 2

Sacramento, Fresno, Los Angeles, Oakland and San Diego.

Question 3

Who heads or governs the BRE?

Answer 3

Real Estate Commissioner.

Question 4

What is Police Power?

Answer 4

The right of the state to enact and enforce laws for the order, safety, health, morals and general welfare of the public.

Question 5

Who appoints BRE Commissioner?

Answer 5

The Governor.

Question 6

What is commissioners mission?

Answer 6

To enforce the Real Estate Law and the Subdivided Lands Law in a manner that offers maximum protection for persons dealing with real estate licensee and for purchasers of subdivided real property.

Question 7

What are Commissioners specific responsibilities?

Answer 7

• the qualification of applicants and issuance of r.e. licenses
• the investigation of complaints and if needed take formal action
• investigation of non licensees allegedly performing acts where license is required
• regulation of sale or lease of subdivision interests and
• regulation of dealings in mineral, oil and gas prop and prepaid rental listing services

Question 8

What are requirements of BRE Commissioner?

Answer 8

Serve min of 5 years as R.E. Broker active in R.E. Business in CA or 5 years related exp. associated with R.E. Activity in CA during last 10 years

Question 9

Where is Commissioners Principal office?

Answer 9

Sacramento

Question 10

Who is exempt from licensing law?

Answer 10

• Employees of banks or lending institutions
• the lenders of federally insured loans
• licensed personal property brokers
• cemetery authorities
• certain agricultural assoc.
• certain collectors of payments for lenders
• clerical help
• resident mgrs. of apt. complexes or their employees

Question 11

Who is exempt from licensing law?

Answer 11

Certain agric. associations
Certain collectors of payments for lenders
Some clerical help
Resident mgrs. of apt. complexes and their employees
Short term vacation rental agents

Question 12

Who is exempt from licensing law?

Answer 12

Short term vacation rental agents
Employees of certain lending institutions
Employees of real estate brokers for specific limited functions

Question 13

Who is also excluded from license requirements?

Answer 13

• Property owner
• person holding power of attorney
• attorney at law acting in the capacity of atty. on behalf of owner
• a receiver or other court appointee
• a trustee selling the property under a deed of trust.

Question 14

Who is also excluded from license requirements?

Answer 14

A trustee who is selling the property under a trust deed.

So basically the owner of propert or his legal representatives

Question 15

What are original salesperson requirements?

Answer 15

• be at least 18 yrs of age to be issued license..qualify and pass a written exam..provide proof of legal presence in US.. Honesty , failure to disclose any criminal violation may result in denial of license.

Question 16

What are requirements for original real estate broker license?

Answer 16

• Be at least 18 yrs old…be honest and truthful..be actively engaged at least 2 yrs during the 5 yrs preceding the application…have completed 8 courses in addition yo experience and pass the qualifying exam

Question 17

What are the mandatory broker courses?

Answer 17

Real estate practice, legal aspects of Real Estate, real Estate Financing, real estate appraisal, accounting or real estate economics plus three more elective courses.