Which of the following are exempt from real estate licensing?
Exemptions to the license requirement include: resident managers of apartment buildings and complexes or their employees; short-term (vacation – only if under 30 days) rental agents; employees of certain lending institutions; employees of real estate brokers for specific, limited functions; certain agricultural …
What license is issued by the California real estate Commissioner?
Real Estate Principles 1.) Which of the following is a license issued by the California Real Estate Commissioner? – Corporate real estate license.
What must real estate licensees who obtain the MLO endorsement do quizlet?
What must real estate licensees who obtain the MLO endorsement do? They must complete 20 hours of education, pass an examination, submit fingerprints to NMLS&R, and authorize a credit report pull.
In California, two state agencies regulate MLOs: the CalBRE, which issues MLO endorsements to real estate licensees [Bus & P C §10166.02(b)]; and. the DBO, which issues MLO licenses under the California Finance Lenders Law (CFLL) and the California Residential Mortgage Lending Act (CRMLA).
Which of the following is required to obtain a California real estate brokers license a candidate must group of answer choices?
Which of the following is required to obtain a California real estate brokers license? A candidate must: be 18 years of age or older. complete the required eight broker courses.
Which individual is exempt from real estate license quizlet?
Individuals who have earned a four-year degree or higher in real estate are exempt from the sales associate and broker prelicense courses, as well as the post-license requirement. They are not exempt from the continuing education requirement.
What is the real estate regulatory body in California?
The California Department of Real Estate exists to serve the real property market and protects the transactions occurring in the real estate field. The DRE grants licenses to Real Estate Brokers and Salespersons.
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.
What is a CalBRE license?
To obtain a California Bureau of Real Estate (CalBRE) salesperson license, an applicant needs to meet requirements regarding: age; criminal activity disclosure; pre-licensing education; and. the state examination.
What type of listing is legal in California but is considered illegal in other states?
What type of listing is legal in California, but is considered illegal in some other states? Net (Legal but unethical.)
What is an MLO endorsement?
The Department of Real Estate (DRE) uses the Nationwide Multistate Licensing System (NMLS) to manage all Mortgage Loan Originator (MLO) license endorsements. … After the MLO license endorsement is approved, the real estate license must be maintained in order to retain the approval of the MLO license endorsement.
Who many times can a person retake a real estate license examination quizlet?
How many times can a person retake a real estate license examination? An unlimited amount. You just studied 21 terms!