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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. [ 6 ]
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 Code of Regulations (CCR, Cal. Code Regs.) is the codification of the general and permanent rules and regulations (sometimes called administrative law) announced in the California Regulatory Notice Register by California state agencies under authority from primary legislation in the California Codes.
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
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Sometimes a real estate developer is the only "voter" in such property owner elections that approve a Mello-Roos tax. Once approved, a Mello-Roos Community Facilities District is formed. Once formed, a special tax (which is different from regular property tax) is imposed on all property within the community facilities district.
The Real Estate Board of Greater Vancouver claims to have pioneered the first MLS in Canada. [29] A publicly accessible website allows consumers to search an aggregated subset of each participating board's MLS database of active listings, providing limited details and directing consumers to contact a real estate agent for more information.
Macdonald employs over 1,000 associates and staff members in its 20 offices throughout the province. The company's head office in Vancouver was recently named the top grossing brokerage office in the Vancouver Metropolitan Area by the Real Estate Board of Greater Vancouver and is one of the largest single brokerage offices in British Columbia.