The law requires that the Department of Real Estate (DRE) ascertain, by written examination, the competency of a prospective real estate licensee. DRE cannot waive this examination requirement.
SCOPE OF EXAMINATION
Business and Professions Code Section 10153 requires that the real estate examinations test for the following:knowledge of the English language, including reading, writing and spelling; and of arithmetical computations used in real estate and business opportunity practices. Understanding of the principles of real estate and business opportunity conveyancing. The general purposes and general legal effect of agency contracts, deposit receipts,deeds, mortgages, deeds of trust, chattel mortgages, bills of sale, land contracts of sale and leases; and of the principles of business and land economics and appraisals. Understanding of the obligations between principal and agent; of the principles of real estate and business opportunity practice and the canons of business ethics pertaining thereto; and of the Real Estate Law, the Subdivided Lands Law and the Commissioner's Regulations.
PREPARING FOR AN EXAM
Unless a prospective licensee has had experience with the various types of real estate transactions and has thorough knowledge of real estate fundamentals, including the obligations of an agent and the laws and regulations governing an agent’s activities, it is suggested that serious study be undertaken prior to taking the examination. Even persons well-grounded in these areas will find a review extremely valuable. Real estate courses are available at colleges and private
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