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A candidate for a real estate salesperson’s license must complete a total of Three college level courses No compensation for any form may be received by a real estate broker without the knowledge of the broker’s Principal Its unlawful for a real estate licensee to include a prospective buyer to make an offer to purchase on a home by by deliberately underestimating probable closing costs.A PRLS license is valid for Two years Broker Bob has taken an exclusive authorization and right to sell agreement on Howard’s vacant lot. Sally, a salesperson in Bob’s a written offer for the property from her sister, who made a $2,500 good faith deposit in the form of a promissory note. Broker Bobpresent the offer as written, making certain that the relationship between Sally and her sister is disclosedThe special fund established by the legislature to help compensate victims of real estate licensee fraud is the Recovery account The major impetus to Spanish settlement of California was the establishment of the Missions