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California · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 CaliforniaCalifornia sellers of residential property must deliver the Transfer Disclosure Statement (TDS) and a Natural Hazard Disclosure (NHD) covering flood, fire, seismic, and similar zones. Under Easton v. Strassburger and Civil Code 2079, the listing licensee must conduct a reasonably competent and diligent visual inspection of accessible areas and disclose any material defects found. Sellers must also disclose known material facts affecting value or desirability, and buyers should be informed of property-tax matters such as Prop 13 reassessment and any Mello-Roos special assessments.
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.