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Real Estate Law 103

2019.05.17 19:07 Views : 1160

  1. List three parties exempt from real estate licensing requirements in California. (Additional correct answers on page 9.) 
    • The employees of banks or other lending institutions
    • Cemetery authorities
    • Short-term (vacation) rental agents
       
  2. What is California’s policy regarding compensation for an unlicensed person acting in the capacity of a real estate salesperson?

    That individual cannot receive any compensation for such acts.
     
  3. If a broker authorizes an unlicensed person to act in the capacity of a licensed salesperson, including providing compensation for real estate services, who will be disciplined under the law?

    Both the unlicensed person and the broker
     
  4. What are the penalties for engaging in unlicensed real estate activity?

    The penalties for engaging in unlicensed real estate activity are a fine of up to $20,000 and/or six months imprisonment for an individual, and a fine up to $60,000 for a corporation.
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No. Subject Date Views
370 discriminate 2019.05.22 1148
369 culmination 2019.05.22 1154
368 Exclusive agency vs Exclusive right to sell 2019.05.22 1164
367 ground floor handicapped accessible 2019.05.22 1342
366 violation of the Federal Fair Housing Act 2019.05.22 1185
365 Valuable consideration 2019.05.22 1097
364 quiet title 2019.05.22 1104
363 Subrogation 2019.05.22 1144
362 Quiz 15 2019.05.17 9541
361 Chapter 15 Conclusion 2019.05.17 1402
360 Real Estate Law 107 2019.05.17 1172
359 Real Estate Law 106 2019.05.17 1007
358 Real Estate Law 105 2019.05.17 1118
357 Real Estate Law 104 2019.05.17 1195
» Real Estate Law 103 2019.05.17 1160
355 Real Estate Law 102 2019.05.17 1142
354 Quiz 14 2019.05.16 10359
353 Chapter 14 Conclusion 2019.05.16 991
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343 Chapter 13 Conclusion 2019.05.16 1199
342 Real Estate Law 93 2019.05.16 969
341 Real Estate Law 92 2019.05.16 973
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