California Real Estate Practice Exam 30QA 2026 V2
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Terms in this set
30
What is the primary function of the California Department of Real Estate (DRE)?
To protect the public in real estate transactions and regulate real estate licensees.
How many hours of continuing education (CE) are required to renew a California real estate license every 4 years?
45 hours.
What is the maximum liability limit paid from the Consumer Recovery Account for a single transaction?
$50,000.
What is the maximum aggregate liability limit paid from the Consumer Recovery Account for any one licensee?
$250,000.
In California, within how many days must a broker deposit earnest money into an escrow account or trust account?
3 business days following receipt of the funds.
Is dual agency permitted under California real estate law?
Yes, provided the broker obtains the informed written consent of both the buyer and the seller.
What document must a seller of 1-to-4 residential units complete to disclose property defects in California?
Transfer Disclosure Statement (TDS).
When must the Agency Disclosure Statement be provided to a prospective buyer or seller?
As soon as practicable, prior to entering into a listing agreement or executing a purchase contract.
How long must a California real estate broker retain transaction records?
3 years from the closing date or listing date if unconsummated.
What is the statute of limitations for filing a lawsuit based on a written contract in California?
4 years.