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Property ownership is not a requirement for obtaining a Department of Real Estate (DRE) license.
In California, real estate licenses are issued for
Ayana Dubois, a chef, rented property in order to run a restaurant in California. Dubois purchased and installed a commercial-grade range, oven, deep fryer, and grill. To comply with safety regulations and protect her staff, Dubois has securely fastened all of this commercial restaurant equipment to the kitchen. Which of the following is a correct statement related to the restaurant equipment Dubois installed?
(A)Dubois can remove this equipment from the property prior to the termination of the lease.
When purchasing a business, the buyer needs to be certain a certificate of clearance has been issued by the
State Board of Equalization (SBOE).
Lori has agreed to transact real estate business on behalf of Alex with Alex’s authority. Lori is:
A metes-and -bounds legal description _____________.
must commence and finish at the same identifiable point
____ prohibits an employer from discriminating against a person with a disability seeking employment based on their disability.
Americans with Disabilities Act (ADA)
The purpose of the Real Estate Law is to
protect the public.
The covenant of quiet enjoyment most directly relates to
tenant freedom from owner harassment.
An agreement between two parties in which one party is granted the right to offer, sell, or distribute goods or services under a marketing plan described by the other party is commonly known as
a franchise agreement.
The total positive balances due to all beneficiaries of a broker’s trust account need to at all times equal the account’s
An abandonment can be noticed and carried out when a tenant stops paying rent and
voluntarily vacates the leased premises with no intention to reoccupy.
An investor made a $40,000 down payment on a $400,000 condominium. One year later, the property increased 10% in value. This resulted in a $40,000 or 100% gain on the $40,000 equity. This is an example of
transfers a portion of the leasehold interest.