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The California Real Estate Act has two core components: licensing and enforcement. [1] [2] Both licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies. [2]
The California Real Estate Association also supported California Proposition 10 on the November 1950 election ballot (adding Article 34 to the California Constitution and known as the "Public Housing Project Law") which made it significantly more difficult to build low-rent housing projects in California communities. [13]
A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [ 5 ]
Uniform Standards of Professional Appraisal Practice (USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. USPAP, as it is commonly known, was first developed in the 1980s by a ...
The Los Angeles Daily Journal said in 2010 that Allen Matkins has "the state's largest dedicated group of real estate attorneys" and "long has been considered a leading legal force in California's commercial real estate industry". [1] The firm in 2016 had $161 million in revenue.
Quasi-community property is a concept recognized by some community property states. For example, in California, quasi-community property is defined by statute as all real or personal property, wherever situated, acquired before or after the operative date of this code in any of the following ways:
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