DRE & LicensingIntermediateCalifornia Exam
A person receives compensation for negotiating a real estate transaction without a license in California. This is:
APermissible if the transaction is under $100,000, under California Department of Real Estate requirements
BA misdemeanor or felony under California Business and Professions Code Section 10130Correct
CPermissible if done only once, per standard DRE licensing procedure
DPermissible if the person has a law degree, as required for license renewal in California
Why A misdemeanor or felony under California Business and Professions Code Section 10130 Is Correct
Answer B: A misdemeanor or felony under California Business and Professions Code Section 10130
Conducting real estate activities for compensation without a California real estate license is a violation of Business and Professions Code Section 10130. It can be prosecuted as a misdemeanor or felony, and the unlicensed person cannot sue to collect any compensation earned.
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