California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready to ace your exam!

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Which department may issue a license for selling franchises under the Franchise Investment Law?

Franchise Tax Board
Real Estate Board
Real Estate Commissioner or Corporation Commissioner
State Attorney's Office

The correct answer is: Real Estate Commissioner or Corporation Commissioner

The correct department that may issue a license for selling franchises under the Franchise Investment Law is the Real Estate Commissioner or Corporation Commissioner. In California, the Department of Real Estate oversees the licensing and regulation of real estate professionals, including those involved in selling franchises under the Franchise Investment Law. The other options - Franchise Tax Board, State Attorney's Office, and Real Estate Board - do not have the authority to issue licenses for selling franchises under this law.