California DRE Salesperson License & Examination Preparation License Requirements Exam Content
Transfer of Property

Escrow, Closing & Proration

Neutral escrow, instructions, closing statements, prorations, taxes, liens and delivery.

Escrow follows instructions

The neutral holder does not rewrite the transaction.

Prorations allocate time periods

Taxes, rents and interest are divided by agreed dates.

Closing needs traceable funds and documents

Liens, title, signatures and settlement entries must reconcile.

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