Deed Of Trust California Definition

Question: I need to know .............How many questions is the California Real Estate Brokers exam??

I need to know some people say 200 some 300 . How many? and where can I find an updated questions and answers for the exam . I think the dre change the questions this year.

Answer: I think it's 150 questions.
The law requires that broker license applicants demonstrate in a written examination:

Appropriate knowledge of the English language, including reading, writing, and spelling; and of arithmetical computations common to real estate and business opportunity practices.

An understanding of the principles of real estate and business opportunity conveyancing; the general purposes and general legal effect of agency contracts, deposit receipts, deeds, deeds of trust, chattel mortgages, bills of sale, mortgages, land contracts of sale, and leases; and of the principles of business, land economics and appraisals.

A general and fair understanding of the obligations between principal and agent; the principles of real estate and business opportunity transactions, 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.
When changes in the law occur or changes in the practice of real estate take place, new subject matter is added to one or more of the major categories. Thus, the categories are revised and brought up-to-date on a regular basis. There is no assurance that a specific test will cover all subject areas listed, because the test merely samples the broad field of real estate.

The following lists of examination topics are for informational purposes and should not be considered totally comprehensive:

Property Ownership and Land Use Controls and Regulations (approximately 15% of exam).
Classes of property
Property characteristics
Types of ownership
Descriptions of property
Government rights in land
Public controls
Environmental hazards and regulations
Private controls
Water rights
Special categories of land
Laws of Agency (approximately 12% of exam).
Law, definition and nature of agency relationships, types of agencies, and agents
Creation of agency and agency agreements
Responsibilities of agent to seller/buyer as principal
Disclosure of agency
Disclosure of acting as principal or other interest
Termination of agency
Commission and fees
Valuation and Market Analysis (approximately 11% of exam).
Methods of estimating value
Financing (approximately 13% of exam).
General concepts
Types of loans
Sources of financing
How to deal with lenders
Government programs
Mortgages/deeds of trust/notes
Financing/credit laws
Loan brokerage
Transfer of Property (approximately 10% of exam).
Title Insurance
Tax aspects
Special processes
Practice of Real Estate and Mandated Disclosures (approximately 27% of exam).
Trust account management
Fair housing laws
Truth in advertising
Record keeping requirements
Agent supervision
Permitted activities of unlicensed sales assistants
DRE jurisdiction and disciplinary actions
Licensing, continuing education requirements and procedures
California Real Estate Recovery Fund
General ethics
Property management/landlord-tenant rights
Commercial/industrial/income properties
Specialty areas
Transfer disclosure statement
Natural hazard disclosure statements
Material facts affecting property value
Need for inspection and obtaining/verifying information
Contracts (approximately 12% of exam).
Listing agreements
Buyer broker agreements
Offers/purchase contracts
Counteroffers/multiple counteroffers
Promissory notes/securities
NOTE: To pass the broker examination and become eligible for a license, examinees must correctly answer at least 75 percent of the questions on the test.

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