Check Your Understanding Answers
- Explain how the California Department of Real Estate (DRE) protects the public.
DRE protects the public from incompetent or downright dishonest real estate licensees through the enactment and enforcement of laws relating to real estate and by establishing requirements for the real estate salespersons' and brokers' licenses.
- How does DRE generate revenue for operating costs?
Operating revenue is derived from fees charged for real estate licenses, subdivision public reports, and various other permits issued by the Department.
- List three of the California Real Estate Commissioner’s specific duties. (Additional correct answers on page 4.)
- Qualification of applicants and issuance of real estate licenses
- Investigation of complaints and, where appropriate, pursuit of formal action against licensees
- Regulation of the sale or lease of subdivision interests
- What are the required qualifications to be appointed as Commissioner?
A Commissioner candidate must have served for a minimum of 5 years as a real estate broker actively engaged in the real estate business in California, OR must possess 5 years' related experience associated with real estate activity in California during the last 10 years.
