Reference / Sources

Sources & editorial notes

California salesperson examination. Source review: September 6-7, 2026.

Scope

This independent textbook is organized around the seven domains in the California Department of Real Estate salesperson examination outline. The outline is a guide to coverage, not an exhaustive list of everything that may be tested. The DRE examination page supplies the current format: 150 multiple-choice questions, three hours, and a 70% passing score.

Editorial method

Explanations, scenarios, questions, and diagrams are original and were authored with AI assistance. Chapters link to the primary sources used to check their legal and factual claims. Numerical examples are illustrative. Practice questions are not actual DRE questions, and practice scores are not a guarantee of an examination result.

Separate AI reviewers checked the 543 practice questions, both 150-question mock forms, 396 linked rule records, and 300 added teaching figures against primary sources. Review records identify the exact content checked, findings, corrections, and limitations. Qualified human subject-matter review has not been obtained. These reviews, topic mappings, and software tests do not establish exhaustive coverage or a guaranteed score.

California rules and federal rules are identified in the relevant chapters. The 2026 DRE law compilation is a baseline as of January 1, 2026; later changes and applicable statutes and regulations must also be checked. Chapter review dates identify when this material was checked, not a promise that the law has remained unchanged.

Corrections and revisions

Corrections can be proposed through the public repository's issue tracker. Include the chapter, disputed statement, and supporting primary source. Do not include personal information. Legal changes should update the explanation, related questions, glossary, and review date together.

Privacy

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Attribution

The reading interface adapts Rubix Documents, with its MIT license preserved in the repository. Base controls use shadcn/ui and Radix primitives. The residential parcel illustration was generated for this textbook; the labeled teaching diagrams are original authored graphics. The site is not affiliated with or endorsed by DRE.

Curriculum coverage

DomainWeightChapters
Property ownership & land use15%6
Agency & fiduciary duties17%4
Valuation & financial analysis14%4
Financing9%4
Transfer of property8%4
Practice & disclosures25%7
Contracts12%4

DRE topic map

Property ownership & land use11 topics
Agency & fiduciary duties8 topics
Published DRE topicChapters
Law, Definition and Nature of Agency Relationships, Types of Agencies, and AgentsAgency relationships and authority
Creation of Agency and Agency AgreementsAgency relationships and authorityListings, buyer representation, and advance fees
Responsibilities of Agent to Seller/Buyer as PrincipalFiduciary duties and duties to others
Disclosure of AgencyAgency disclosure, dual agency, and conflicts
Disclosure of Acting as Principal or Other InterestAgency disclosure, dual agency, and conflicts
Termination of AgencyCompensation and the end of an agency
Commission and FeesCompensation and the end of an agencyListings, buyer representation, and advance fees
Responsibilities of Agent to Non-Client Third PartiesFiduciary duties and duties to others
Valuation & financial analysis3 topics
Financing8 topics
Transfer of property7 topics
Practice & disclosures20 topics
Published DRE topicChapters
Trust Account ManagementTrust funds and accountable money handling
Fair Housing LawsFair housing and service across communities
Truth in AdvertisingEthics, advertising, and technologyFair housing and service across communities
Record Keeping RequirementsLicensing, supervision, and consumer protectionTrust funds and accountable money handling
Agency SupervisionLicensing, supervision, and consumer protection
Permitted Activities of Unlicensed Sales AssistantsLicensing, supervision, and consumer protection
DRE Jurisdiction and Disciplinary ActionsLicensing, supervision, and consumer protection
Licensing, and Continuing Education Requirements and ProceduresLicensing, supervision, and consumer protection
California Real Estate Recovery FundLicensing, supervision, and consumer protection
General EthicsEthics, advertising, and technologyFiduciary duties and duties to others
TechnologyEthics, advertising, and technology
Property ManagementResidential property management
Commercial/Industrial/Income PropertiesCommercial property and specialty transactionsIncome, capitalization, and financial analysis
Specialty AreasCommercial property and specialty transactions
Transfer Disclosure StatementProperty disclosures, inspections, and reports
Natural Hazard Disclosure StatementsProperty disclosures, inspections, and reports
Disclosure of Material Facts Affecting Property ValueProperty disclosures, inspections, and reportsFiduciary duties and duties to others
Need for Inspection and Obtaining/Verifying InformationProperty disclosures, inspections, and reportsCommercial property and specialty transactions
ReportsProperty disclosures, inspections, and reportsTitle insurance and escrowCommercial property and specialty transactions
Servicing Diverse PopulationsFair housing and service across communities
Contracts8 topics

Depth review

33 documented improvements across the seven domains. Reviewed September 6, 2026.

Property ownership & land use6 findings

Classes of property and fixture ownership

Gap
The chapter explained fixture factors and tenant equipment, but readers had to combine those rules themselves when the building seller, equipment owner, and service provider were different parties.
Revision
Added a three-case fixture lab separating seller-owned counter, tenant-owned machine, and provider-owned alarm rights; added two application questions distinguishing physical inclusion from transfer authority and service assignment.

Types of ownership and community real property

Gap
Community characterization and survivorship were covered, but the ordinary spousal joinder requirement for sale, encumbrance, and leases exceeding one year was not expressly taught.
Revision
Added a compact sourced execution-authority subsection, a contrasting sale/lease/separate-property lab, and two questions that distinguish management and marital status from the required legal premises.

Encumbrances and release documentation

Gap
Debt-versus-lien classification did not explicitly walk the learner from a paid loan to verification of the security instrument's recorded release.
Revision
Added a short satisfaction/reconveyance distinction and a document-review sequence contrasting loan security with a continuing appurtenant easement; added two targeted release questions.

Descriptions of property and overlapping use limits

Gap
Area and setback examples were separate from the easement discussion, leaving the double-subtraction error insufficiently tested when an easement already lies within a setback.
Revision
Added a calculated lot/envelope/coverage lab with an explicitly overlapping easement, plus two area questions testing retained fee acreage and the correct coverage denominator.

Public controls and environmental review

Gap
The CEQA overview said not every project needs an EIR but did not distinguish a negative declaration from a mitigated negative declaration or explain the latter's evidence and revision conditions.
Revision
Added a concise sourced comparison and decision lab, split the dense subdivision paragraph without dropping qualifications, and added two questions separating CEQA outcomes from independent approvals.

Environmental hazards and purchaser protections

Gap
The environmental chapter recognized statutory defenses but did not identify the important distinction between knowledge of contamination, BFPP acquisition criteria, and continuing obligations.
Revision
Added a compact BFPP explanation linked to EPA guidance, a staged acquisition/diligence lab, and two questions rejecting both automatic disqualification from knowledge and permanent immunity from one report.

Reviewed the current public DRE outline's ownership categories: property classes and characteristics, encumbrances, ownership forms, descriptions, government rights, public and private controls, environmental hazards, water rights, and special lands. The outline is not exhaustive and does not disclose future questions. These focused closures improve application coverage, not a guarantee of complete exam mastery. Site-specific surveying, current local development rules, water priority, title remedies, tribal interests, and environmental eligibility require their governing facts and qualified advice.

Agency & fiduciary duties4 findings

Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents

Gap
The authority discussion described reasonable belief but did not explicitly test the statutory reliance element of incurring liability or parting with value under merely ostensible authority.
Revision
Added a concise section 2334 clarification, a three-case authority lab, and targeted questions separating known limits, owner-created appearances, and actual reliance.

Responsibilities of Agent to Seller/Buyer as Principal

Gap
The inspection discussion could leave the impression that retaining an agent eliminates the buyer's own responsibility to attend to known or observable conditions.
Revision
Added the section 2079.5 buyer-care boundary and a decision lab showing that the buyer's observation and the agent's duty to deliver a known report coexist.

Disclosure of Agency

Gap
Existing explanations identified a proposed move into dual agency but did not explicitly state the written-consent rule for changing the contractual agency relationship.
Revision
Added the section 2079.23 boundary, a showing-to-representation sequence lab, and questions testing written changes and the limited scope of confidentiality permission; reformatted timing into role-specific bullets.

Commission and Fees

Gap
Worked examples calculated fee splits forward but did not require recovering the original fee from a net salesperson share and then reconciling multiple funding sources.
Revision
Added an inverse commission calculation lab and two application questions; kept funding sources, internal allocations, and legal fee entitlement separate without adding chapter bulk.

This targeted audit improves distinctions within the published agency outline; it does not certify every possible fact pattern or guarantee an exam result. DRE describes its topic list as nonexhaustive. Authority, reliance, conflicts, and fee disputes remain sensitive to actual agreements and facts.

Valuation & financial analysis4 findings

Value principles and project contribution

Gap
Highest-and-best-use and plottage definitions were present, but compact decision practice did not directly contrast the largest completed project value with the largest supported land residual or separate gross plottage from completion costs.
Revision
Added a residual-comparison decision lab and questions on competing project residuals and a positive plottage increment that is smaller than the buyer's added outlay.

Sales comparison and transaction adjustments

Gap
Adjustment direction was well covered, but a single worked path did not combine a concession whose cost differs from its supported price effect with a stated percentage base and a subsequent physical adjustment.
Revision
Added a stepwise, assignment-specific concession/time/garage lab and two questions testing the calculation and the relevant contract-to-effective-date market interval.

Cost approach and percent good

Gap
The chapter taught depreciation percentages but did not name percent good or explicitly test its complementary relationship to percentage loss across separately valued building and site components.
Revision
Added a short percent-good explanation, a four-step component calculation, and two questions distinguishing retained contribution from loss and preventing duplicate deductions.

Financial analysis and financing-sensitive results

Gap
NOI, DSCR, and cash return appeared in several passages; readers lacked a compact combined calculation with one consistent denominator set and a targeted question testing the effect of a recurring expense increase.
Revision
Added a complete potential-rent-to-cash-return lab and two challenging ratio questions, including an unchanged-financing downside case that separates NOI, coverage, and cash flow.

Reviewed the current public DRE categories of value, methods of estimating value, and financial analysis against the four chapters. The DRE outline is nonexhaustive, so coverage does not guarantee every possible examination topic. Numerical cases are original simplified exercises with explicit assumptions, not valuations or return promises. BOE tax-appraisal conventions differ from ordinary investor NOI treatment; Fannie Mae concession guidance applies to the stated assignment rather than every appraisal. Tax law, professional standards, lender requirements, and market evidence require current verification.

Financing5 findings

General financing concepts and cost comparisons

Gap
LTV, appraisal gaps, points, and cash contributions were taught separately but lacked one guided computation requiring the learner to preserve each denominator and distinguish a limited subtotal from a full closing estimate.
Revision
Added an appraisal-gap-and-points calculation lab with explicit exclusions, plus questions requiring combined cash arithmetic and separation of price, lending value, and loan charges.

Loan types, financing sources, and government programs

Gap
The prose described interest-only, negative-amortization, and balloon structures but did not hold principal and interest assumptions constant while varying only repayment terms.
Revision
Added three changed-fact repayment cases and questions that separate current payment performance, balance growth, maturity, and program support. Every existing source/program section receives a concise takeaway rather than additional dense prose.

Notes, security, priority, and enforcement

Gap
The reader could correctly calculate a junior shortfall yet still infer blanket debt forgiveness from loss of the junior lien, without identifying the foreclosing instrument and separate purchase-money protection.
Revision
Added a decision lab distinguishing lien extinction, recording priority, section 580d, and section 580b. A short chapter clarification and new questions separate vendor purchase-price protection from institutional dwelling conditions, and valid subordination from initial recording order.

Federal mortgage disclosure timing

Gap
The chapter covered initial Loan Estimate delivery and Closing Disclosure receipt but omitted the general seven-business-day Loan Estimate-to-consummation interval and its distinct trigger.
Revision
Added a short Regulation Z paragraph identifying delivery/mailing as the trigger, counted days, and limited exceptions. A sequence lab runs both preconsummation periods independently and selects the later permissible date; a new question tests the combined result.

Loan brokerage and origination authority

Gap
The existing MLDS alternative and LPDS exception paragraphs were too dense to support rapid comparison of recipient, coverage, signature, timing, and disbursement authority.
Revision
Reorganized the conditional MLDS alternative into compact bullets and split the LPDS custody paragraph without changing its exceptions. Guide takeaways and a targeted question distinguish limited waivers, state broker duties, and professional authority.

The published DRE categories are not a complete list of possible examination subjects. Federal coverage and California remedies depend on transaction facts; program limits, lender overlays, and legal amendments can change. Illustrations exclude costs or protections only when expressly stated and are not individualized lending or legal advice.

Transfer of property4 findings

Transfer through Court Supervision

Gap
Probate examples established numerical thresholds but did not explicitly address commission-free bid bases or the fact that a sufficient number does not satisfy responsibility, terms, and judicial-discretion requirements.
Revision
Added a short overbid qualification paragraph and a calculation lab applying distinct appraisal and accepted-bid bases without treating the formula as guaranteed confirmation.

The transfer audit is targeted and educational, not a title opinion, tax return, or probate procedure manual. Tax examples expressly exclude complicating debt and other adjustments; actual policies and court powers must be read. No source map can guarantee every question on a changing, nonexhaustive exam outline.

Practice & disclosures6 findings

Licensing, supervision, assistants, and records

Gap
The chapter explains these duties separately, but lacked a single ordered response connecting an expired license, an assistant's proposed advice, delegated supervision, and preservation of the actual transaction history.
Revision
Added a licensing sequence lab with authority checks, reassignment, supervision evidence, and truthful records; new questions distinguish administrative communication from substantive work and recovery limits from ordinary damages.

Trust account management

Gap
Separate reconciliation and shortage examples did not require the learner to detect a negative beneficiary hidden inside an apparently balanced three-way net reconciliation.
Revision
Added a calculation lab combining deposits in transit, outstanding checks, positive beneficiary liabilities, and a hidden deficit; questions test the shortage and postacceptance holding authority.

Fair housing and property management

Gap
The reader lacked side-by-side changed-fact cases showing when identical policies must be reconsidered and when a qualified small landlord loses access to the higher deposit cap for a particular applicant.
Revision
Added disability accommodation/modification contrasts and three deposit-cap cases. Questions distinguish apparent verification needs, physical modifications, service-member limits, and post-inspection damage. Split the deposit-cap paragraph into shorter units.

Truth in advertising and technology

Gap
The altered-image discussion referred to the prescribed manner without stating the placement of the disclosure or distinguishing a private original file from the required public access.
Revision
Added a short paragraph specifying on-or-adjacent conspicuous notice, public original-image access, and the controlled-website rule; a decision lab separately tests image access and unsupported structural feasibility.

Commercial, industrial, income property, and specialty practice

Gap
Face rent, free rent, and improvement contributions were discussed, but no guided calculation explicitly prevented labeling the resulting limited cash figure as NOI or a complete investment valuation.
Revision
Added a four-step commercial lease calculation that isolates base collections, average rent, and the improvement contribution; pitfalls and questions distinguish capital commitments, operating income, and occupancy rights.

Material facts, TDS, NHD, inspections, and reports

Gap
The explanations lacked an integrated response to contradictory seller knowledge, a visible warning sign, a specialist recommendation, and an approaching contractual deadline without treating reports as substitutes.
Revision
Added an evidence-to-investigation-to-delivery sequence lab and targeted questions about incomplete TDS delivery and unresolved recommendations. Section takeaways preserve distinctions among map hazards, report scope, lead information, and sensitive facts.

Reviewed the published DRE salesperson domain topics and existing chapter explanations, not confidential examination items. The outline is expressly nonexhaustive; local housing rules, fact-specific exemptions, later legal changes, and specialist legal or technical issues require separate verification. Guide cases use stated assumptions and do not guarantee examination performance or transaction outcomes.

Contracts4 findings

Buyer Broker Agreements

Gap
The chapter stated delayed-start and renewal rules, but lacked a worked comparison proving that an early renewal starts on its last-signature date rather than automatically after the prior term.
Revision
Added a three-case date lab covering delayed initial effectiveness, early renewal, and a late signature, with two targeted application questions.

Promissory Notes/Securities

Gap
The text discussed conditional promises and securities risk separately, but lacked a variable-interest distinction and a case testing whether recording collateral cures negotiability or investment-regulation defects.
Revision
Added a compact section 3112 distinction, a decision lab, and challenging questions that classify the repayment promise, permitted variable interest, security, and possible securities compliance independently.

This review closes selected legal and reasoning gaps without treating the DRE outline as exhaustive. Particular contracts, exceptions, court remedies, and securities offerings require their actual facts and governing documents. Private association practices are not interchangeable with California's statutory requirements.

Primary-source library

DRE, Legal Descriptions, printed pages 47-50www.dre.ca.govCIV section 1638, clear contract languageleginfo.legislature.ca.govCalifornia Secretary of State, types of business entitieswww.sos.ca.govCalifornia BOE, Basic Appraisalwww.boe.ca.govCalifornia Civil Code, property classificationleginfo.legislature.ca.govCalifornia Civil Code section 1019, tenant fixturesleginfo.legislature.ca.govDRE title to real property referencewww.dre.ca.govDRE landlord and tenant referencewww.dre.ca.govDRE, Basic Real Estate Concepts, area and units, printed pages 558-559www.dre.ca.govCalifornia Civil Code section 768, reversionleginfo.legislature.ca.govCivil Code section 769, remainderleginfo.legislature.ca.govCivil Code section 683.2, joint tenancy severanceleginfo.legislature.ca.govCalifornia Civil Code section 4190, stock cooperativeleginfo.legislature.ca.govCalifornia Civil Code section 4175, planned developmentleginfo.legislature.ca.govCalifornia Civil Code section 4145, exclusive use common arealeginfo.legislature.ca.govCivil Code section 1108, life-estate transferleginfo.legislature.ca.govCalifornia Family Code section 1102, community real property executionleginfo.legislature.ca.govCalifornia Civil Code section 683, joint interestsleginfo.legislature.ca.govCivil Code section 682.1, community property with right of survivorshipleginfo.legislature.ca.govCalifornia Family Code section 760, community propertyleginfo.legislature.ca.govCalifornia Family Code section 770, separate propertyleginfo.legislature.ca.govCalifornia Family Code section 297.5, registered domestic partnersleginfo.legislature.ca.govCalifornia Civil Code section 4125, condominiumleginfo.legislature.ca.govCalifornia Civil Code section 818, life estate and wasteleginfo.legislature.ca.govCCP section 760.020, quiet title actionleginfo.legislature.ca.govCCP section 703.010, exemptions and consensual liensleginfo.legislature.ca.govCivil Code section 802, servitudes without a dominant tenementleginfo.legislature.ca.govCivil Code section 2872, definition of lienleginfo.legislature.ca.govCalifornia Civil Code section 811, termination of servitudesleginfo.legislature.ca.govCalifornia Civil Code section 2941, discharge and reconveyanceleginfo.legislature.ca.govCalifornia Civil Code section 801, land burdensleginfo.legislature.ca.govCivil Code section 806, extent of a servitudeleginfo.legislature.ca.govCalifornia Civil Code section 845, easement maintenanceleginfo.legislature.ca.govCalifornia Code of Civil Procedure section 405.20, notice of pending actionleginfo.legislature.ca.govCalifornia Code of Civil Procedure section 704.730, homestead exemptionleginfo.legislature.ca.govCalifornia Supreme Court, Murphy v. Burch, necessity and prior common ownershipscocal.stanford.eduDRE real estate glossary, net leasewww.dre.ca.govBureau of Land Management, Cadastral Surveywww.blm.govBureau of Land Management, Specifications for Descriptions of Landwww.govinfo.govCalifornia Business and Professions Code section 8726, land surveyingleginfo.legislature.ca.govCCP section 525, injunction definitionleginfo.legislature.ca.govGovernment Code section 65850, local zoning authorityleginfo.legislature.ca.govBusiness and Professions Code section 10176, disciplinary groundsleginfo.legislature.ca.govLa Puente Municipal Code 10.60.020, local nonconforming-use examplecodelibrary.amlegal.comCalifornia Public Resources Code section 21080, CEQA applicability and findingsleginfo.legislature.ca.govCalifornia Government Code section 65302, general planleginfo.legislature.ca.govCalifornia Government Code section 65906, variancesleginfo.legislature.ca.govCalifornia Civil Code section 5975, enforceable restrictionsleginfo.legislature.ca.govDRE, Subdivisionswww.dre.ca.govCalifornia Government Code section 66424, subdivision definitionleginfo.legislature.ca.govCalifornia Business and Professions Code section 11000, subdivided landsleginfo.legislature.ca.govCalifornia Environmental Quality Act overviewlci.ca.govDRE, Planning and Zoning, conditional use permitswww.dre.ca.govCalifornia Constitution article I section 19, eminent domainleginfo.legislature.ca.govDRE public reportswww.dre.ca.govEPA All Appropriate Inquirieswww.epa.govCivil Code section 815.1, conservation easementleginfo.legislature.ca.govGovernment Code section 51243, compatible uses and binding successorsleginfo.legislature.ca.govUnited States Code title 42 section 9607(e)(1), statutory liability and private indemnityuscode.house.govCivil Code section 1014, gradual natural accretionleginfo.legislature.ca.govCivil Code section 1015, sudden removal of bank materialleginfo.legislature.ca.govEPA, Bona Fide Prospective Purchaserswww.epa.govState Water Board, water rights questionswww.waterboards.ca.govDepartment of Water Resources, SGMAwater.ca.govEPA real estate lead disclosurewww.epa.govEPA, Superfund liabilitywww.epa.govCalifornia Geological Survey, Alquist-Priolo Earthquake Fault Zoneswww.conservation.ca.govCalifornia State Lands Commission, public trustwww.slc.ca.govDepartment of Conservation, Williamson Actwww.conservation.ca.govCalifornia Coastal Commission, role and authoritywww.coastal.ca.govEPA, asbestos condition and disturbancewww.epa.govEPA, radon and testingwww.epa.govEPA, mold and moisture controlwww.epa.govBureau of Indian Affairs, reservation and trust statuswww.bia.govCivil Code section 2334, reliance on merely ostensible authorityleginfo.legislature.ca.govCivil Code section 2079.23, written changes to agency relationshipsleginfo.legislature.ca.govCivil Code sections 2304-2326, actual authority and ratificationleginfo.legislature.ca.govCivil Code sections 2330-2339, principals and third personsleginfo.legislature.ca.govCalifornia Civil Code, agency definitions and authorityleginfo.legislature.ca.govCivil Code section 1624, real estate contract writing requirementsleginfo.legislature.ca.govDRE professional responsibility, compensation and ongoing dutiesdre.ca.govCivil Code section 2332, notice between principal and agentleginfo.legislature.ca.govCivil Code section 1573, constructive fraudleginfo.legislature.ca.govU.S. Bankruptcy Court, Eastern District of California, case 25-10499, Doc. 174, pages 19-20, applying agency confidentiality principleswww.govinfo.govCivil Code section 1710, deceit and unsupported factual assertionsleginfo.legislature.ca.govCivil Code section 2079.5, buyer's reasonable-care responsibilityleginfo.legislature.ca.govCivil Code section 2079.16, agency dutiesleginfo.legislature.ca.govCalifornia agent visual inspection dutyleginfo.legislature.ca.govCivil Code section 2079.3, statutory visual inspection limitsleginfo.legislature.ca.govCivil Code section 7, statutory holidaysleginfo.legislature.ca.govCalifornia business-day definition for reinstatementleginfo.legislature.ca.govGovernment Code section 6700, California holidaysleginfo.legislature.ca.govCFPB RESPA and referral feeswww.consumerfinance.govCivil Code section 2079.14, delivery of agency disclosureleginfo.legislature.ca.govCivil Code section 2079.17, agency confirmationleginfo.legislature.ca.govCivil Code section 2079.21, dual-agent confidentialityleginfo.legislature.ca.govCivil Code section 2079.24, duties preserved by agency disclosure lawleginfo.legislature.ca.govDRE reference book chapter 10, procuring cause and continuity, page 157www.dre.ca.govFTC price-fixing guidancewww.ftc.govDRE contracts referencewww.dre.ca.govCivil Code sections 2355-2357, agency terminationleginfo.legislature.ca.govBusiness and Professions Code section 10137leginfo.legislature.ca.govCivil Code section 2355, termination of agencyleginfo.legislature.ca.govDRE, buyer representation and compensationwww.dre.ca.govCalifornia BOE, Property Tax Rule 2www.boe.ca.govCalifornia BOE, Property Tax Rule 3www.boe.ca.govDRE valuation referencewww.dre.ca.govCalifornia BOE, Advanced Appraisal, equity returns and debt coveragewww.boe.ca.govCalifornia BOE, Property Tax Rule 4www.boe.ca.govFannie Mae, Adjustments to Comparable Salesselling-guide.fanniemae.comCalifornia BOE, Property Tax Rule 6www.boe.ca.govIRS, Residential Rental Propertywww.irs.govCalifornia BOE, income approach rates and factorswww.boe.ca.govCalifornia BOE, Property Tax Rule 8www.boe.ca.govFannie Mae Selling Guide, combined loan-to-value ratiosselling-guide.fanniemae.comCFPB, debt-to-income ratiowww.consumerfinance.govCFPB, home equity loanswww.consumerfinance.govCFPB mortgage sale and loan termswww.consumerfinance.govCFPB mortgage key termswww.consumerfinance.govCFPB discount points and lender creditswww.consumerfinance.govCFPB loan types and structureswww.consumerfinance.govFDIC mortgage guidancewww.fdic.govFannie Mae charter and mortgage market rolewww.fanniemae.comGinnie Mae mortgage securities basicswww.ginniemae.govUSDA, Single Family Housing Direct Loan fact sheetwww.rd.usda.govUSDA, Single Family Housing Guaranteed Loan programwww.rd.usda.govCFPB, construction loanswww.consumerfinance.govCFPB, adjustable-rate loan index and marginwww.consumerfinance.govHUD appraisal and home inspection distinctionwww.hud.govCFPB negative amortizationwww.consumerfinance.govCalHFA MyHome assistancewww.calhfa.ca.govVA purchase loanswww.va.govUSDA single-family housing programswww.rd.usda.govCalHFA homebuyer programswww.calhfa.ca.govCalVet contract ownership explanationwww.boe.ca.govCFPB reverse mortgage requirementswww.consumerfinance.govDRE real estate finance reference, notes and security instrumentswww.dre.ca.govCFPB closing document reviewwww.consumerfinance.govCalifornia purchase-money anti-deficiency lawleginfo.legislature.ca.govCalifornia power-of-sale anti-deficiency lawleginfo.legislature.ca.govCalifornia foreclosure statutesleginfo.legislature.ca.govCalifornia foreclosure notice recipients and mailing periodsleginfo.legislature.ca.govCalifornia reinstatement and its cutoffleginfo.legislature.ca.govCalifornia sale notices and residential postponements, section 2924f operative in 2026leginfo.legislature.ca.govCalifornia pre-default borrower contact, smaller servicersleginfo.legislature.ca.govCalifornia pre-default borrower contact, other covered servicersleginfo.legislature.ca.govCalifornia borrower-contact protection coverageleginfo.legislature.ca.govCFPB Regulation X, delinquency and loss-mitigation foreclosure restrictionswww.consumerfinance.govCalifornia judicial foreclosure and the availability of redemptionleginfo.legislature.ca.govCalifornia judicial foreclosure redemption periodsleginfo.legislature.ca.govCFPB Regulation Z, business-purpose and other exemptionswww.consumerfinance.govCFPB Regulation Z, credit advertisingwww.consumerfinance.govCFPB Regulation Z, ability to repay and qualified mortgageswww.consumerfinance.govCFPB Regulation B, action noticeswww.consumerfinance.govFTC consumer-report adverse-action requirementswww.ftc.govCalifornia broker-arranged real-property loan usury exemptionleginfo.legislature.ca.govCalifornia Holden Act, geographic discriminationleginfo.legislature.ca.govCalifornia Holden Act, protected characteristicsleginfo.legislature.ca.govCFPB Regulation Z, rescission coverage and timingwww.consumerfinance.govCFPB Regulation G section 1007.103, federal mortgage-originator registrationwww.consumerfinance.govCFPB Loan Estimate explainerwww.consumerfinance.govCFPB Regulation Z mortgage disclosure timingwww.consumerfinance.govCFPB integrated disclosure requirementswww.consumerfinance.govCFPB rescission timingwww.consumerfinance.govCFPB credit discrimination protectionswww.consumerfinance.govDRE mortgage loan originator endorsementwww.dre.ca.govCalifornia DFPI mortgage loan originatorsdfpi.ca.govCalifornia borrower disclosure requirements, Business and Professions Code 10240leginfo.legislature.ca.govDRE Mortgage Loan Disclosure Statement and Loan Estimate advisorywww.dre.ca.govDRE 2026 Real Estate Law, sections 10232.4 and 10232.5www.dre.ca.govCalifornia lender disclosure contents, Business and Professions Code 10232.5leginfo.legislature.ca.govDRE transfer of interests reference, quitclaim deedswww.dre.ca.govCivil Code sections 1052-1059, delivery and escrow fundsleginfo.legislature.ca.govCivil Code section 686, interests in commonleginfo.legislature.ca.govCivil Code section 1040, voluntary transfersleginfo.legislature.ca.govCivil Code section 1092, substance of a grantleginfo.legislature.ca.govCivil Code section 1105, estate presumed by a grantleginfo.legislature.ca.govCivil Code section 1091, transfer of an estate in real propertyleginfo.legislature.ca.govCivil Code section 1113, implied grant covenantsleginfo.legislature.ca.govCivil Code section 1214, recording priorityleginfo.legislature.ca.govCivil Code section 1106, after-acquired titleleginfo.legislature.ca.govFinancial Code section 17006, escrow exemptionsleginfo.legislature.ca.govCFPB Closing Disclosure, closing adjustmentswww.consumerfinance.govInsurance Code section 12340.11, preliminary reports are offers to insureleginfo.legislature.ca.govCalifornia Department of Insurance, title insurance guidewww.insurance.ca.govDFPI, about the Escrow Lawdfpi.ca.govDFPI, escrow consumer informationdfpi.ca.govCFPB, mortgage closing scamswww.consumerfinance.govIRS, exceptions from FIRPTA withholdingwww.irs.govIRS Internal Revenue Manual 3.22.261, FIRPTA withholding rateswww.irs.govIRS Publication 544, partially nontaxable exchanges and replacement basiswww.irs.govIRS, sale of residence tax tipswww.irs.govIRS, like-kind exchange tax tipswww.irs.govIRS, FIRPTA withholdingwww.irs.govFTB, Real Estate Withholding Guidelines, February 2026www.ftb.ca.govBOE, Proposition 19www.boe.ca.govBOE, property tax calendarwww.boe.ca.govRevenue and Taxation Code section 11911, documentary transfer taxleginfo.legislature.ca.govIRS Publication 551, basis of purchased, gifted, and inherited assetswww.irs.govIRS Publication 523, principal-residence exclusion requirementswww.irs.govBOE, California Property Tax: An Overviewwww.boe.ca.govRevenue and Taxation Code section 51, factored base-year and lesser-value assessmentleginfo.legislature.ca.govBOE, Proposition 8 decline in valuewww.boe.ca.govBOE, Proposition 8 recovery and assessment review questionswww.boe.ca.govBOE, new construction and value addedwww.boe.ca.govBOE, changes in ownership and partial reassessmentboe.ca.govBOE, supplemental assessment periods and billswww.boe.ca.govRevenue and Taxation Code section 75.41, statutory supplemental proration factorsleginfo.legislature.ca.govLos Angeles County Auditor-Controller, tax rates and direct assessmentsauditor.lacounty.govProbate Code section 10501, court supervision under limited authorityleginfo.legislature.ca.govProbate Code section 10503, independent administration and sale proceduresleginfo.legislature.ca.govProbate Code section 5624, transfer-on-death deed executionleginfo.legislature.ca.govProbate Code section 5626, transfer-on-death deed recordingleginfo.legislature.ca.govCode of Civil Procedure section 872.210, partition standingleginfo.legislature.ca.govCode of Civil Procedure section 872.810, partition by divisionleginfo.legislature.ca.govCode of Civil Procedure section 872.820, partition by saleleginfo.legislature.ca.govRevenue and Taxation Code section 3691, tax collector power of saleleginfo.legislature.ca.govUnited States Code title 11 section 362, automatic stayuscode.house.govCivil Code section 1009, public use and dedication limitsleginfo.legislature.ca.govProbate Code section 8400, appointment effective when letters issueleginfo.legislature.ca.govProbate Code section 16200, trustee powers subject to the trustleginfo.legislature.ca.govCode of Civil Procedure section 325, possession and timely assessed-tax paymentsleginfo.legislature.ca.govProbate Code section 16226, trustee sale powersleginfo.legislature.ca.govProbate Code sections 10510-10511, independent administrationleginfo.legislature.ca.govFannie Mae mortgage release and subordinate liensservicing-guide.fanniemae.comProbate Code sections 10300-10316, court-confirmed real property salesleginfo.legislature.ca.govCalifornia Courts, guide to property after someone diesselfhelp.courts.ca.govProbate Code section 10311, court-confirmation overbidsleginfo.legislature.ca.govProbate Code section 10538, independent administration listing authorityleginfo.legislature.ca.govCalifornia Courts, wills, estates, and advance care planningselfhelp.courts.ca.govCivil Code section 1007, adverse possession and public propertyleginfo.legislature.ca.govCalifornia Courts, current summary succession procedureswww.sucorte.ca.govProbate Code section 10309, private-sale appraisal requirementsleginfo.legislature.ca.govDRE, salesperson license requirementswww.dre.ca.govBusiness and Professions Code section 10163, additional branch-office licenseleginfo.legislature.ca.govBusiness and Professions Code section 10156.2, qualifying timely renewalleginfo.legislature.ca.govDRE license renewal, timely renewal and lapse ruleswww.dre.ca.govDRE unlicensed assistant guidelines, 2018www.dre.ca.govDRE filing a complaint, limits of disciplinary remedieswww.dre.ca.govBusiness and Professions Code section 10130leginfo.legislature.ca.govBusiness and Professions Code section 10131leginfo.legislature.ca.govBusiness and Professions Code section 10148leginfo.legislature.ca.govBusiness and Professions Code section 10201leginfo.legislature.ca.govDRE Regulations of the Real Estate Commissioner, advertising ruleswww.dre.ca.govDRE continuing education requirementswww.dre.ca.govDRE unlicensed administrative assistantswww.dre.ca.govDRE Consumer Recovery Accountwww.dre.ca.govDRE, 2026 Real Estate Lawwww.dre.ca.govDRE trust fund guidewww.dre.ca.govBusiness and Professions Code section 10145leginfo.legislature.ca.govCalifornia Civil Rights Department housing guidancecalcivilrights.ca.govFederal Fair Housing Act overviewwww.hud.govHUD and DOJ reasonable accommodations joint statementwww.hud.govDepartment of Justice Fair Housing Actwww.justice.govCalifornia Government Code section 12955leginfo.legislature.ca.gov42 USC section 3603, federal housing exemptionsuscode.house.govGovernment Code section 12927, California household and shared-living exceptionsleginfo.legislature.ca.gov42 USC section 3607, housing for older personswww.govinfo.govCFPB mortgage-closing scam preventionfiles.consumerfinance.govCIV section 1633.5, agreement to electronic transactionsleginfo.legislature.ca.govCivil Code section 1633.7, electronic records and signaturesleginfo.legislature.ca.govCivil Code section 1633.9, electronic transactionsleginfo.legislature.ca.govDRE artificial intelligence advisory, March 2026www.dre.ca.govCalifornia advertising identification lawleginfo.legislature.ca.govCalifornia digitally altered image lawleginfo.legislature.ca.govFTC real estate competition guidancewww.ftc.govCode of Civil Procedure section 1013, mailed-notice extensionsleginfo.legislature.ca.govCivil Code section 1954, landlord entry and notice exceptionsleginfo.legislature.ca.govCivil Code section 2316, actual authorityleginfo.legislature.ca.govDRE property management referencewww.dre.ca.govCalifornia Courts landlord eviction processselfhelp.courts.ca.govCalifornia security deposit statuteleginfo.legislature.ca.govCalifornia Courts security deposit guideselfhelp.courts.ca.govDRE 2026 landlord and tenant guidewww.dre.ca.govCalifornia Attorney General tenant protectionsoag.ca.govCivil Code section 827, rent-increase noticesleginfo.legislature.ca.govCivil Code section 1946.1, periodic-tenancy terminationleginfo.legislature.ca.govCode of Civil Procedure section 1161, default noticesleginfo.legislature.ca.govCode of Civil Procedure section 1162, service of noticesleginfo.legislature.ca.govCIV section 1995.230, absolute lease transfer prohibitionleginfo.legislature.ca.govCDTFA Publication 74, notifying CDTFA, successor liability and tax clearancecdtfa.ca.govDRE Subdivision Public Report Application Guide, types of public reportswww.dre.ca.govCivil Code section 1995.250, lease transfer restrictionsleginfo.legislature.ca.govDRE timeshareswww.dre.ca.govCommercial Code section 6102, bulk-sale definitionsleginfo.legislature.ca.govCommercial Code section 6103, bulk-sale coverage and exclusionsleginfo.legislature.ca.govCommercial Code section 6105, creditor noticeleginfo.legislature.ca.govCDTFA Publication 74, buying a business and tax clearancecdtfa.ca.govCDTFA sales and use tax law, successor liability under sections 6811-6813www.cdtfa.ca.govCIV section 1103.3, natural hazard disclosure deliveryleginfo.legislature.ca.govCivil Code section 1102.8, other disclosure obligationsleginfo.legislature.ca.govCivil Code section 1103.4, third-party hazard informationleginfo.legislature.ca.govCalifornia TDS delivery and termination rightsleginfo.legislature.ca.govCivil Code section 1102.2, transfer disclosure exemptionsleginfo.legislature.ca.govCalifornia Natural Hazard Disclosure formleginfo.legislature.ca.govDRE real property disclosures guidewww.dre.ca.govCIV sections 38, no understandingleginfo.legislature.ca.govCIV section 39, impaired understanding and rescissionleginfo.legislature.ca.govCIV section 40, judicially determined incapacityleginfo.legislature.ca.govCIV section 1583, communication of acceptanceleginfo.legislature.ca.govCIV section 1605, considerationleginfo.legislature.ca.govCIV section 1598, unlawful objectleginfo.legislature.ca.govCIV section 1566, consent and rescissionleginfo.legislature.ca.govCIV section 1582, prescribed mode of acceptanceleginfo.legislature.ca.govCivil Code section 1689, rescissionleginfo.legislature.ca.govCCP section 1856, written agreements and extrinsic evidenceleginfo.legislature.ca.govCORP section 17703.01, limited liability company agencyleginfo.legislature.ca.govCivil Code section 1587, revocation and expiration of proposalsleginfo.legislature.ca.govCivil Code section 1550, essential contract elementsleginfo.legislature.ca.govCIV section 1585, absolute and qualified acceptanceleginfo.legislature.ca.govFamily Code section 6701, limitations on minor contractsleginfo.legislature.ca.govFamily Code section 7050, emancipated minor capacityleginfo.legislature.ca.govCivil Code section 1636, mutual contractual intentionleginfo.legislature.ca.govCIV section 1641, whole-contract interpretationleginfo.legislature.ca.govDRE reference book chapter 20, mediation and arbitrationwww.dre.ca.govJudicial Council, CACI 324, Anticipatory Breach, 2026, pages 133-134courts.ca.govCivil Code section 1678, later deposits and separately agreed liquidated damagesleginfo.legislature.ca.govCIV section 1457, transfer of contractual burdensleginfo.legislature.ca.govCIV section 1531, novationleginfo.legislature.ca.govCIV section 1057.3, escrow deposit releaseleginfo.legislature.ca.govCIV section 3343, property fraud damagesleginfo.legislature.ca.govCivil Code section 1691, rescission notice and restorationleginfo.legislature.ca.govCivil Code section 1675, residential liquidated damagesleginfo.legislature.ca.govCivil Code section 1677, signatures and type requirementsleginfo.legislature.ca.govCivil Code section 3387, specific performance and real propertyleginfo.legislature.ca.govCivil Code section 1698, modification of written contractsleginfo.legislature.ca.govCivil Code section 1542, unknown claims and general releasesleginfo.legislature.ca.govBPC section 10026, advance fee definitionleginfo.legislature.ca.govCIV section 1670.50, buyer-broker representation agreementsleginfo.legislature.ca.govCIV section 1670.12, exclusive listing agreement durationleginfo.legislature.ca.govDRE, 2026 buyer representation regulationsdre.ca.govAB 2992, enacted buyer representation requirementsleginfo.legislature.ca.govDRE, essential elements of an advance fee agreement, May 2026www.dre.ca.govDRE, advance fees and loan modification serviceswww.dre.ca.govAB 1345, Residential Exclusive Listing Agreements Actleginfo.legislature.ca.govCivil Code section 1662, default risk of loss before and after title or possessionleginfo.legislature.ca.govCommercial Code section 1103, supplemental principles of lawleginfo.legislature.ca.govCommercial Code section 3106, unconditional payment and permitted source limitationsleginfo.legislature.ca.govCIV section 2985, real property sales contractsleginfo.legislature.ca.govDRE real estate financing referencewww.dre.ca.govCommercial Code section 3112, fixed and variable interestleginfo.legislature.ca.govCivil Code section 1925, hiring of real propertyleginfo.legislature.ca.govCommercial Code section 3104, negotiable instrumentsleginfo.legislature.ca.govSEC Investor.gov, promissory notes and securities requirementswww.investor.gov