CALIFORNIA STATE LICENSURE EXAMINATION Real Estate Salesperson License Examination ExamFOCUS Study Notes & Review Questions 2012: Focusing on real ... laws, regulations and state licensing issues

In California, salesperson license applicants need to have appropriate knowledge of the English language, including reading, writing, and spelling; and of arithmetical computations common to real estate and business opportunity practices. They need to have an understanding of the principles of real estate and conveyancing and the general purposes and general legal effect of agency contracts. They also need to have a general and fair understanding of the obligations between principal and agent; the principles of real estate disclosure, and the code of business ethics pertaining thereto; as well as of the provisions of the law relating to real estate as administered by the Real Estate Commissioner. To be precise, these are the knowledge domains involved: Property Ownership and Land Use Controls and Regulations Laws of Agency Valuation and Market Analysis Financing Transfer of Property Practice of Real Estate and Mandated Disclosures Contracts This book focuses on topics related to laws and regulations; contracts and licensing requirements; as well as property management and leasing. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!