Author Archive | Duane Gomer

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Want To Become Licensed? Here’s How We Can Help

Requirements MLO:  Complete a 20 Hour NMLS approved Mortgage Lending Course and pass a 125 question exam.         Details HereREAL ESTATE SALES:  Complete  3 college levels courses and pass a 150 question exam.                        Details Here REAL ESTATE BROKER:  Complete 3 more college […]

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Homestead Expanded to $600,000 on Jan 1, 2021

Assembly Bill 1885 Assembly Bill 1885 expanded the homestead equity protection limits in California from the previous amounts of $75,000 to $175,000. The new increases should likely prevent more homeowners from losing their homes to bankruptcy. High-cost LA and Orange County, for example, will fall into the equity cap of $600,000 while Riverside County will […]

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The Misunderstood 70/30 DRE CE Regulation

Exemption Particulars Many years ago the California Association of Realtors prevailed on the State legislators to pass an exemption to the regulation requiring real estate licensees renewing a license to complete 45 hours of Continuing Education. This regulation is still in effect today. The exemption: California Business & Professions Code 10170.8 states that the provisions […]

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Name Changes Again For State Agencies

DBO to DFPI On July 13, 2013 the Department of Corporations’ name was changed to the Department of Business Oversight and the Department of Real Estate was changed to the Bureau of Real Estate. On July 1, 2018 the name of the Bureau of Real Estate was changed back to the Department of Real Estate. […]

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Academy Award Update

Best Movies The Academy awards ceremony is coming up. April 25th to be exact. Less than a month and there are eight best movies this year. So time is a wasting. It takes time to track down where you can see them for free. The Academy is allowed to nominate ten but this year they […]

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