DRE & Licensing
What does 'acting in the capacity of a real estate licensee' include under California law?
AOnly buying and selling residential property
BActivities such as listing, buying, selling, leasing, exchanging, or negotiating real property for compensation, performed by another on behalf of another✓ Correct
COnly activities involving compensation over $5,000
DOnly activities supervised by a broker
Explanation
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.
Related California DRE & Licensing Questions
- Under California law, a real estate broker may be held liable for the acts of their salespersons under the doctrine of:
- When a real estate broker receives a deposit check from a buyer, California law requires the broker to place the funds in a trust account or deliver them to the escrow within:
- Under California law, the maximum amount a broker may keep of their own funds in a trust account (to cover bank service charges) is:
- What continuing education must be completed for a first renewal of a California real estate salesperson license?
- A real estate salesperson can only receive compensation from:
- What is the California Real Estate Law found in?
- What is the primary purpose of the California Department of Real Estate (DRE)?
- In California, how long does a real estate license applicant who fails the licensing exam have to re-apply for reexamination?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →