Where are California real estate laws found?

Where are California real estate laws found?

2021 Real Estate Law (as of January 1, 2021) The 29 Codes which comprise California law are available in their entirety at the official website for California legislative information.

Who regulates real estate activity in California?

The California Department of Real Estate (DRE) is the state agency that licenses real estate brokers and salespersons.

How many chapters are in real estate principles?

The total number of chapters remains at 15 as “Real Estate Disclosures” and “Real Estate Contracts” are each chapters of their own when once they were combined. It is important to give ample time to these topics as about half of the questions on the Real Estate Exam are devoted to agency, disclosures, and contracts.

What are real estate principles?

The real estate principles course (referred to in CO as Law and Practice) covers the national portion of real estate pre-licensing principles (those areas which are common to all states). You will learn the basic principles of real estate, real estate law, and the practice of real estate.

Do you own the land when you buy a house in California?

Typically, when you purchase a home, you do own whatever lies in and around the property. This means that, they may turn around and sell some energy company the right to extract gas or oil from your land without your consent, affecting your property value for years while another party collects the royalties.

What is considered real property in California?

“Real estate” or “real property” includes: (a) The possession of, claim to, ownership of, or right to the possession of land. (b) All mines, minerals, and quarries in the land, all standing timber whether or not belonging to the owner of the land, and all rights and privileges appertaining thereto.

What is the California Department of Real Estate responsible for?

The California Department of Real Estate (DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement.

What does the California Bureau of real estate do?

The California Bureau of Real Estate is the state agency responsible for administering real estate license examinations, issuing real estate licenses and certain mortgage loan originator endorsements to such licensees; regulating and disciplining real estate licensees, and qualifying certain residential subdivision …

What is the general principle of real property law?

The general principle is that a person in possession of land or goods, even as a wrongdoer, is entitled to take action against anyone interfering with the possession unless the person interfering is able to demonstrate a superior right to do so.

What are the four characteristics of value in real estate?

The Four Essential Elements of Value are:

• Scarcity: How much is there of it?
• Transferability: Can it be sold?
• Utility: Can it be used?
• Demand: Does anybody want it?

How far below ground do you own?

As for how much of the land below your property you own, there’s no real limit enforced by courts and there have been cases of people being prosecuted for trespassing on other people’s property for digging even in the thousands of feet below the ground in the search for oil.

How far above my house do I own?

While the Supreme Court hasn’t explicitly accepted that as the upper limit of property ownership, it’s a useful guideline in trespass cases. Therefore, unless you own some very tall buildings, your private airspace probably ends somewhere between 80 and 500 feet above the ground.

How to get a real estate license in California?

Requirements to Obtain a Salesperson License: Be at least 18 years of age. Provide proof of completion in 135 hours of required education (45 credit hours in Real Estate Principles; 45 credit hours in Real Estate Practice course; and 45 credit hours in one additional state approved course). Pass the salespersons exam.

Are there any real estate schools in California?

Allied Schools is a leading online school for aspiring California real estate agents. Thousands of people in Los Angeles, San Diego, San Jose, San Francisco, Oakland and across California chose us for their real estate California license education. Our well-developed courses provide effective online learning.

How to swap electives at California real estate school?

If you want to swap the elective in this package, please contact customer support at 866-256-2930. Through our exclusive livestream package, learn live and online from experienced California instructors — without ever setting foot inside a classroom. Enjoy Q&A sessions with your instructors, and engage with other real estate students like you.

When does California real estate license school end?

Our real estate license school is accredited by ARELLO and IDECC. Expires 9/6/21. Get 35% off real estate courses with ENROLL35. Need Help? Our California packages offer formats that fit your learning style.