CH 1 Intro to RE Principles Flashcards
What law specifies the qualifications to obtain and maintain real estate licenses?
California Real Estate License Law
What law specifies who must obtain a license to practice real estate?
California Real Estate License Law
What law deals with the procedures for advertising, handling trust funds, managing escrow accounts, and dealing with clients/ customers?
California Real Estate License Law
What is the DRE?
the California Department of Real Estate
The __________ is the administrative body that administers AND enforces the real estate license laws and related regulation of California real estate licensees.
the DRE
Who heads the DRE?
the Real Estate Commissioner
All information advertised by a CA broker must…?
clearly state it is indeed made by a CA broker
The Business and Professions Code is also called what?
the B & P Code and The Code
The Code is divided into what two parts?
Part 1- Real Estate Law
Part 2 - Subdivided Land Law