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California · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 CaliforniaCalifornia licensees must advertise truthfully and identify themselves as real estate licensees, and a salesperson's advertising is conducted under the responsible broker. Misleading or deceptive advertising is a basis for DRE discipline. Brokers must also maintain transaction and trust-fund records for the period required by DRE rules so the agency can audit compliance, particularly for funds that must be deposited within 3 business days.
Yes. State License Law is a scored domain on the California real estate licensing exam, and this topic appears in the state license-law portion.
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California applies its own license law on top of the national portion. This page covers the California rules specifically, which is what the state section of your exam tests.