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California · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 CaliforniaResidential resale transactions in California require key disclosures, including the Transfer Disclosure Statement (TDS) and the Natural Hazard Disclosure (NHD), and the agent owes a duty of reasonable visual inspection under Civil Code 2079 (Easton v. Strassburger). Property taxes are shaped by Proposition 13, and homes in Mello-Roos districts carry additional special taxes that must be disclosed. At transfer, a documentary transfer tax of $0.55 per $500 of value applies, and California's community property framework affects how married owners hold and convey title.
Yes. State License Law is a scored domain on the California real estate licensing exam, and this topic appears in the state license-law portion.
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California applies its own license law on top of the national portion. This page covers the California rules specifically, which is what the state section of your exam tests.