101PD SAMPLEChapter 1 — The Practice of Real Estate: Career Launch, the Brokerage, and Broker Supervision California Real Estate Practice · 101PD Original Text · Professional training material. No statutory prelicensing credit is issued. Learning objectives. After this chapter you can: explain what the Practice course adds to Principles and how the DRE's statutory components (implicit bias, fair housing) fit into daily work; choose a brokerage deliberately using a structured interview method; read a broker-salesperson agreement (Reg 2726) clause by clause and explain the dual employment/independent-contractor status; describe the supervision system a compliant office runs (Reg 2725) and your place inside it; map the first ninety days of a producing licensee's calendar; and handle compensation, teams, and license-status mechanics without violating the Real Estate Law. §1.1 What "Practice" means — and why this course exists Principles taught the law of the transaction; Practice teaches the conduct of the transaction. The Legislature treats this course as so central to consumer protection that it wrote its minimum contents into statute: B&P §10153.2(a)(1)(A) requires every Real Estate Practice course to include a component on implicit bias — the impact of implicit, explicit, and systemic bias on consumers, the historical and social impacts of those biases, and actionable steps students can take to recognize and address their own biases — and, for exam applications received on or after January 1, 2024 (SB 1495), a component on federal and state fair housing laws as applied to practice, including an interactive participatory component in which the student role-plays as both a consumer and a real estate professional. Chapters 2 and 3 of this book are those components; their threads run through every other chapter, because bias and fair housing are not a unit to pass — they are conditions of every prospecting call, listing appointment, showing route, and tenant application you will ever touch. The rest of the course walks the transaction in the order you will live it: building a lawful pipeline of clients (ch5), winning and documenting the listing (ch6–7), assembling the seller's disclosure file (ch8), representing buyers under the written-agreement regime now required by Civil Code §1670.50 (ch9), negotiating offers (ch10), managing escrow to closing (ch11), financing (ch12), tax-aware advising (ch13), property management (ch14), and the office-administration spine that holds it all up (ch15). §1.2 Choosing the brokerage — a decision method, not a feeling New licensees usually pick the office that recruits them first. Choose instead with a written comparison across the factors that predict your survival: 1. Training and supervision. Ask to see the office's transaction-review system, not hear about it. Who reviews contracts, within what deadline, against what checklist? Reg 2725 makes the broker responsible for reasonable supervision — an office that cannot describe its system is telling you it has none. 2. Economics. Commission split, monthly desk fees, transaction fees, E&O deductible allocation, franchise fees, sign/lockbox/MLS costs. Model your first twelve months at two closings, six closings, and twelve closings — the "best split" often loses at low volume