salesperson - 2 The Real Estate License Examinations The...

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2 The Real Estate License Examinations The law requires that the Department of Real Estate (DRE) ascertain, by written examination, the competency of a prospective real estate licensee. DRE cannot waive this examination requirement. This chapter discusses the examination process in general, details the scope of the examinations and includes practice questions. A pamphlet titled Instructions to License Applicants provides detailed information about examination and licensing procedures. Interested persons may obtain this pamphlet and an application to take an examination by calling or writing any DRE office. Additional information, forms, publications, and other items of interest to examinees, license applicants and licensees is available on the Department of Real Estate (DRE) web site under Examinees and Licensees . Scope of Examination Business and Professions Code Section 10153 requires that the real estate examinations test for the following: knowledge of the English language, including reading, writing and spelling; and of arithmetical computations used in real estate and business opportunity practices; understanding of the principles of real estate and business opportunity conveyancing; the general purposes and general legal effect of agency contracts, deposit receipts, deeds, mortgages, deeds of trust, chattel mortgages, bills of sale, land contracts of sale and leases; and of the principles of business and land economics and appraisals; and understanding of the obligations between principal and agent; of the principles of real estate and business opportunity practice and the canons of business ethics pertaining thereto; and of the Real Estate Law, the Subdivided Lands Law and the Commissioner’s Regulations. Preparing for an Exam Unless a prospective licensee has had experience with the various types of real estate transactions and has thorough knowledge of real estate fundamentals, including the obligations of an agent and the laws and regulations governing an agent’s activities, it is suggested that serious study be undertaken prior to taking the examination. Even persons well grounded in these areas will find a review extremely valuable. This book and DRE’s Real Estate Law book are useful study tools. In addition, public libraries and bookstores have textbooks on California real estate law, practice, finance, economics and appraisal. Real estate courses are available at colleges and private vocational schools. Exam Construction DRE’s testing program follows guidelines set by the State Personnel Board and other test authorities. Periodically, DRE uses research studies to update the test specifications. Because there are differences in the level and amount of knowledge required of salespersons and brokers, the exams differ in their emphasis and difficulty. Examination Weighting
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This note was uploaded on 10/29/2011 for the course REAL ESTAT 300 taught by Professor Pat during the Spring '11 term at Drew.

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salesperson - 2 The Real Estate License Examinations The...

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