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DRE LICENSEES – SAVE YOUR LICENSE?

The DRE provides many outstanding publications for consumers, licensee, and sub-dividers. There is one very important one for MLO’s. It is #RE7, and was just revised in May 2019. The sub-title is “Assists the real estate broker who engages in mortgage loan activities with assessing compliance with DRE requirements.”  English translation: Save a license, it […]

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TRUST FUNDS

Trust Fund Management In my real estate classes I ask a question and many licensees do not know the correct answer. Ready? What is a worse crime in Trust Fund Management? Commingling or Conversion. They answer commingling because licensees are taught from their first class, never mix your personal funds with trust funds. Conversion according […]

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DBO CONSUMER ALERTS

Important Information This information is important for DBO’s, DRE’s, and FDIC’s. The alert on 5/29/19 is especially pertinent. The title is “Website FDIConnect.com should not be confused with Federal Deposit Insurance Corporation.” New Techniques Scammers keep coming up with new techniques. It is our job to protect our clients, friends, and the public. For a […]

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