Author Archive | Duane Gomer

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 […]

Continue Reading 0
Elderly woman working on computer at home

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 […]

Continue Reading 2

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. […]

Continue Reading 2
Oscars

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 […]

Continue Reading 0

Diana Bull Gets Award

NAR Distinguished Service Award Diana Bull, the famous Santa Barbara Realtor, just won another award, but this one is a biggie. The NAR Distinguished Service Award goes to only 2 people each year out of the NAR’s 1.4 million members. And she sure deserves this recognition. This award is to honor members who have made […]

Continue Reading 1

Consumer Financial Protection Bureau; We Knew You Well

Goodbye, CFPB Fines of $1 Outstanding article by David Lazarus about the current CFPB. The title, “Goodbye, CFPB Fines of $1”. This agency has always been controversial since it was designed by Elizabeth Warren and established by the Dodd Frank in 2011. One ironic situation is the status of the Director, who is currently Kathy […]

Continue Reading 0

More Information & Classes - www.DuaneGomer.com