Financing, 9% of the examination
Article 7
The California rules capping commissions and costs a broker may charge on certain broker-arranged loans.
The limit varies by the size and term of the loan, applying to first trust deeds under a threshold amount and junior liens under a lower one. It is one of the most distinctly Californian financing rules and appears reliably on the examination.
See it in a question
One question from Financing, so the term lands in the context the exam uses it in.
Financing ยท 9%Mortgages/Deeds of Trust/Notes
California lenders overwhelmingly use a deed of trust rather than a mortgage. What practical difference matters most to a defaulting borrower?
Written to DRE's published topic list. Not a real examination question, since reproducing those is a misdemeanour under B&P Code section 123.