California Condo Townhome Agent

What is on the California Real Estate Broker Test?

So Cal real estate agent is fast to become So Cal real estate broker

This summer will be 3 and 1/2 years as a real estate sales agent CA and instead of renewing my california real estate agent license I will be studying the following which makes up the California Department of Real Estate Broker License, wish me luck:

Property Ownership and Land Use Controls and Regulations (approximately 15% of exam).
Classes of property
Property characteristics
Encumbrances
Types of ownership
Descriptions of property
Government rights in land
Public controls
Environmental hazards and regulations
Private controls
Water rights
Special categories of land

Laws of Agency (approximately 12% of exam).
Law, definition and nature of agency relationships, types of agencies, and agents
Creation of agency and agency agreements
Responsibilities of agent to seller/buyer as principal
Disclosure of agency
Disclosure of acting as principal or other interest
Termination of agency
Commission and fees

Valuation and Market Analysis (approximately 11% of exam).
Value
Methods of estimating value

Financing (approximately 13% of exam).
General concepts
Types of loans
Sources of financing
How to deal with lenders
Government programs
Mortgages/deeds of trust/notes
Financing/credit laws
Loan brokerage

Transfer of Property (approximately 10% of exam).
Title Insurance
Deeds
Escrow
Reports
Tax aspects
Special processes

Practice of Real Estate and Mandated Disclosures (approximately 27% of exam).
Trust account management
Fair housing laws
Truth in advertising
Record keeping requirements
Agent supervision
Permitted activities of unlicensed sales assistants
DRE jurisdiction and disciplinary actions
Licensing, continuing education requirements and procedures
California Real Estate Recovery Fund
General ethics
Technology
Property management/landlord-tenant rights
Commercial/industrial/income properties
Specialty areas
Transfer disclosure statement
Natural hazard disclosure statements
Material facts affecting property value
Need for inspection and obtaining/verifying information

Contracts (approximately 12% of exam).
General
Listing agreements
Buyer broker agreements
Offers/purchase contracts
Counteroffers/multiple counteroffers
Leases
Agreements
Promissory notes/securities

Why get a broker's license? I have worked for Century 21, Remax and Keller Williams Realty in California and now it is time to start my own California real estate brokerage business to sell commercial property CA, sell home California, sell condos CA, sell land CA, and sell mobile homes CA.

Please Describe Your Request Below:

Name: Phone Number: Email: Please check all that apply: Do you want to buy? Do you want to sell? What type of property are you interested in? Residential Homes Condos or Townhomes Land Mobile Homes Commercial Property Businesses In how many days do you plan on buying or selling? Right Now! 30-90 Days 6 months or more

Comments:

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© John-Robin Middlebrook. Last updated April 2008.