ANSWER: YES. DRE Regulation 2970 says that you can. FACTS ABOUT ADVANCE FEES FOR BROKER EXPENSES (From the DRE Bulletin, Spring 2026, not AI) 1. Before you can collect fees, you must send a copy of the agreement you will use, your accounting format, and any promotional materials to the California Department of Real Estate. 2. If […]
You see interviews all over the internet, so today, since my name is on the door, I thought I would do one on Mortgage Loan Originator Continuing Education. For the interviewer, I selected Dick Green of Mission Viejo. Let’s get started. DICK: Duane, your company has been at the forefront of MLO CE since it began. Exactly, […]
One of the regrets of my real estate buying life is that I never considered using a VA loan. I was a Navy LTJG during the Cold War, and I thought only Veterans who were in the military during a shooting war were eligible. Not too bright. Since becoming involved in Mortgage Loan Education, I’ve […]
When it comes to choosing a mortgage, the loan term is one of the most critical decisions a borrower must make. While 30-year mortgages are the most popular choice in the U.S., 15-year mortgages have gained significant attention for their unique advantages. If you’re considering a home loan, understanding the benefits of a 15-year mortgage […]
All licensees should be familiar with this form. It will save time and avoid confusion. A copy is at the end of this email. First, in California, Real Estate licensees do not need to complete any continuing education courses if they are over 70 years of age and have had their license (sales or broker) in […]
Continuing Education courses for California Real Estate Licensees were first required in the 1970s. The number of hours required has never changed since the start, but many special topic courses are required each year. There are many possible questions about what you complete. In their Winter Bulletin, the DRE answered many of the confusing aspects. […]
Last week, I wrote a short post about serving an unlawful detainer to a professional tenant. I forgot to mention that the rules of service of this summons and complaint are different from the rules of serving the famous Three Notice to Pay Rent or Quit. #1 The Landlord (Housing Provider on CAR Forms) or anyone with […]
Many years ago, I owned some properties in Milwaukee, WI. One of the tenants in a three unit building became seriously delinquent and defiant. We were arguing over many things, including her claim that the heating was insufficient. She complained to the local agencies, all the while bragging about not paying any rent. It was known by […]
If you’re a current notary—or thinking about becoming one—there’s an important legislative update you should be aware of. A new bill, California Assembly Bill 1597 (AB 1597), is moving through the California legislature and could soon increase the maximum fees notaries are allowed to charge statewide. What AB 1597 Proposes This bill is designed to […]
Another outstanding article by Jonathan Lansner, an award-winning business columnist for the informative Southern California News Group. I read him in the Orange County Register. You can also read Jonathan in the LA Daily News (known to Boomers as the Green Sheet), Press-Enterprise, The Sun, Daily Breeze, San Gabriel Valley Tribune, Press- Telegram, Pasadena Star-News, […]
