DRE & LicensingIntermediateCalifornia Exam
Which state agency regulates real estate licensees in California?
ACalifornia Department of Consumer Affairs
BCalifornia Department of Real Estate (DRE)Correct
CCalifornia Bureau of Real Estate Appraisers
DCalifornia Housing Finance Agency
Why California Department of Real Estate (DRE) Is Correct
Answer B: California Department of Real Estate (DRE)
The California Department of Real Estate (DRE) is the state agency responsible for licensing and regulating real estate brokers, salespersons, and mortgage loan originators operating in California.
Key DRE & Licensing Terms in This Question
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
State-Specific Concepts
DRE Regulation
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