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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]
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The team develops resources, conducts educational presentations, including on timely or current financial fraud and scams, and helps connect consumers to our consumer services office when needed. They manage the CalMoneySmart grant program, [8] which awards California nonprofits with up to $100,000 in funding to execute financial literacy programs.
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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. [ 5 ]