BRE Flashcards
(33 cards)
What items need to be submitted to apply for Salesperson License?
- Application for the R.E. salesperson license (RE 202)
- The appropriate license fee
- One fully completed classifiable fingerprint card
- The fingerprint processing fee and 5. course transcripts
What are the regulations for applications for exams and licenses?
Forms must be made on forms by the BRE, application may be presented or mailed to Sacramento…the application must be submitted with license fee, fingerprint card and fingerprint processing fee. Also need to provide SSN.
What must applicant submit to BRE regarding fingerprint?
- A copy of the RE237 with Part 4 completed.
- The applicant´s completed original license application
- A check for the appropriate fee, which is currently $51 to DOJ
What are acceptable docs for Proof of Legal Presence
A birth certificate from Puerto Rico after 1-13-41, guam after 1-17-17, U.S. Virgin Isl. after 1-17-17, No. Mariana Isl. after 11-4-86, Amer. Samoa, Swains Island, Dist. of Col.. U.S. passport, Cert of Naturalization, Cert. of Citizenship and U.S. Citizen ID card
What are the continuing education requirements for license renewal in California?
The 45 CE hours are broken down like this: 3 hours of Agency, 3 hours of Ethics and Professional Conduct, 3 hrs of Trust Fund Acctg. and Hdlg, 3 hours Fair Housing, 3 hours Risk Mgmt and 18 hrs of courses under the umbrella of consumer protection.
What happens when a Brokers license expires?
All licensed activities of the broker must cease, the brokers salespersons are immed. placed in a non-working status and any branch licenses are cancelled.
What happens two years after a license expires?
All license rights lapse. The individual will be required to re-qualify through the examination process before being licensed in real estate.
What does Section 11350 of the Welfare and Institutions Code?
The BRE may not issue or renew a full term license if the applicant is on a list of persons-obligors who have not complied with a court order to provide child support payments. A license may be suspended if a licensee´s name remains on list for 150 days after notice.
What are the Examination Fees for Saleperson and Broker?
Salesperson Original Exam: $60 Broker Orginal Exam $95 Re-exam fee Salesperson $60 Broker Re-exam $95, First Re-scheduled exam salesperson $15 Broker $20 Subsequent Rescheduled exam salesperson $30 Broker $30
What are the combined Examination and license application fees (and total) for Salesperson?
Exam fee $60, License fee $245 Fingerprint fee $49, Total Due is $305 plus $49 fingerprint fee
What are Combination and License Application Fees for Broker?
Exam fee $95 License fee $300 Total due to BRE $395
What are the License fees for Salesperson and Broker?
Total License fee due to BRE for Salesperson is $245 and total due to BRE for Broker is $300
What are renewal fees for Salesperson and Broker?
On time renewal for salesperson is $245 for Broker $300 late renewal within 2 yrs after license exp. date Salesperson $367 and Broker $450.
What are The Corporation Licensing Fees?
Corporation License fee $300, Expired broker license $450
What regulations apply to Main Offices in California?
Must maintain an office in Calif., Brokers license and salespersons licenses must be available for inspection, a change of business address must use Broker Change App.(RE 204)
What is required of branch offices in California?
A branch office license is required for each additional business location if broker has more than one place of business.
What are some ways an application for a license bearing a fictitious name may be denied?
Is misleading or constitute false advertising, implies a parntership or corp. when it does not exist, includes name of saleperson, violation of prov. of Secs. 17910, 17910.5 or 17917 CA code, name of licensee whose license was revoked, contains words: bank, banker, trust, trustee, trust co, insurance, escrow, savings
When does an Fictitious Business Name Statement (FBNS) expire?
An FBNS expires at the end of 5 yrs from Dec. 31 of the year in which it was filed in the office of the county clerk.
When does Loss of license Status occur?
When a person holding a license allows two years to elapse from the expiration date without applying for late renewal, submitting evidence of completion of CE Requirements and paying fee, if a license is revoked.
What is a Prepaid Rental Listing Service License (PRLS)?
A PRLS is in the business of supplying prospective tenants with listings of residential real property for rent or lease while collecting a fee at the same time or in advance of the time the listings are provided.
What authority does the BRE Commissioner have?
Commissioner has the authroity to investigate the actions of any person engaged in the business or acting in the capacity of a licensee in CA, and has the power to suspend or revoke the RE license.
What are Sections 10176 and 10177?
The sections under the BP Code constitute the foundation for most license suspensions or revocations.
What are the Main Reasons for suspension or revocation of a license?
Misrepresentation - failure to disclose to principal all material facts
False Promise - false statement about what promisor is to do
Continue Misrepresentation - continued misrepresentation
Dual Agency - failure to notify principals that licensee is acting as agent for more than one party in transaction
What are some violations of Code Section 10176?
Commingling - when broker has mixed funds of principal with brokers own $…Definite Termination date - must specify a termination date on all exclus. listings, Secret Profit, Listing Option, Dishonest Dealing -acting w/o a license, Signatures of Purchasers- must have auth. to sell before securing purchase agreement
