Appraiser licensing in California is controlled by what entity?
Correct Answer
B) The Bureau of Real Estate Appraisers (BREA).
The Bureau of Real Estate Appraisers, which sits within the Department of Consumer Affairs, licenses, certifies and disciplines California real estate appraisers under Business and Professions Code Section 11300 et seq., the state's response to the federal appraiser certification requirements of FIRREA. The Department of Real Estate licenses salespersons and brokers, the Department of Financial Protection and Innovation regulates financial institutions and certain lenders, and the Department of Insurance regulates insurers and insurance producers. None of those three touches appraiser credentials.
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The bundle of rights describes the rights associated with property ownership, allowing owners to use, control, enjoy, exclude others from, and dispose of the property.
More Laws Of Agency Fiduciary Duties Questions
Under California law, the agency disclosure requirements apply to which types of property?
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A broker who fails to promptly disclose their dual agency status is subject to:
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