Term
| Who regulates CA licensing laws? |
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Definition
| the Department of Real Estate, which is headed by the Real Estate Commissioner. |
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Term
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Definition
| an amount paid, usually a percentage of the selling price, to a broker for services |
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Term
| What is the Max commission that can be charged by real estate broker? |
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Definition
| in the sale of a residential 1-to-4 property the commission is negotiable between the principal and broker |
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Term
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Definition
| "rights and interests that a person has in the thing owned" |
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Term
| What are the two types of property? |
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Definition
| Real Property (immovable) and Personal Property (movable) |
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Term
| What are the basic rights of ownership? |
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Definition
1. Possession
2. Enjoyment
3. Control
4. Disposition |
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Term
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Definition
1. Land
2. Anything permanently attached or affixed to the land
3. Anything incidental or appurtenant to the land
4. Immovable by law |
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