DRE & LicensingIntermediateCalifornia Exam
What does 'acting in the capacity of a real estate licensee' include under California law?
AOnly buying and selling residential property, as required for license renewal in California, under California Department of Real Estate requirements, consistent with Business and Professions Code licensing rules
BActivities such as listing, buying, selling, leasing, exchanging, or negotiating real property for compensation, performed by another on behalf of anotherCorrect
COnly activities involving compensation over $5,000, consistent with Business and Professions Code licensing rules, under California Department of Real Estate requirements, consistent with Business and Professions Code licensing rules
DOnly activities supervised by a broker, under California Department of Real Estate requirements, under California Department of Real Estate requirements, consistent with Business and Professions Code licensing rules
Why Activities such as listing, buying, selling, leasing, exchanging, or negotiating real property for compensation, performed by another on behalf of another Is Correct
Answer B: Activities such as listing, buying, selling, leasing, exchanging, or negotiating real property for compensation, performed by another on behalf of another
California Business and Professions Code defines real estate activities broadly, including soliciting, negotiating, listing, selling, purchasing, leasing, or exchanging real property for compensation for another. All such activities require a license.
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