Colibri Real Estate (Real Estate Express) Final Exam Review 2023

Mineral, Oil, and Gas Licenses {Ans: As of January 1, 1994, the DRE no longer issues original mineral, oil, and gas (MOG) broker licenses or permits. However, MOG activities, as defined in Sections 10507 and 10581 of the Code, can be performed by currently licensed MOG brokers, or by licensed real estate brokers. Licensed MOG brokers mayapply for license renewal.}Salesperson {Ans: Qualifies for exam by enrolling in or completing a Real Estate Principles course and submits evidence of completing the remaining two courses: First-time applicants must be fingerprinted using a Live Scan service provider. This requirement does not apply to broker applicants who currently hold a salesperson license. Original license or examination applicants who reside in California will pay a $49 fingerprint processing fee directly to the Live Scan fingerprint service provider. Original license applicants who reside out of state should submit the $49 fingerprint processing fee to the DRE with their application and license fee.}The applicant for an original real estate broker license must: {Ans: 1. Be at least 18 years old; 2. Be honest and truthful; 3. Have been actively engaged as a real estate salesperson for at least two years during the five years