DRE & Licensing
Under California law, a real estate salesperson MUST:
AMaintain their own trust account
BWork under the supervision of a licensed real estate broker✓ Correct
CCarry errors and omissions insurance
DBe a California resident
Explanation
A California real estate salesperson cannot operate independently. They must be licensed and work under the supervision of a licensed real estate broker. The broker is responsible for the salesperson's real estate activities.
Related California DRE & Licensing Questions
- A California real estate licensee who violates the Real Estate Law may be subject to all of the following EXCEPT:
- The DRE's Recovery Account provides funds to:
- Real estate trust funds must be deposited into the trust account within how many business days of receipt?
- What is the 'Real Estate Transfer Disclosure Statement' (TDS)?
- A licensed California real estate salesperson may receive compensation ONLY from:
- A real estate licensee who engages in 'conversion' of trust funds has:
- Which of the following activities requires a California real estate license?
- To obtain a California real estate salesperson license, an applicant must complete how many hours of pre-license education?
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