DRE Winter Bulletin There were many interesting sections in the DRE Winter Bulletin. A previous post discussed Missing Trust Fund Money. There were some interesting statements about Licensing in the Fiscal Year 19-20. At the end of FY 2019-20, DRE’s licensing population stood at 421,624, which included 291,759 salespersons and 129,865 brokers. This was a […]
Audits The Department of Real Estate performed 533 audits in the Fiscal Year ending on June 30, 2020. There were 166 with shortages or 33% of those investigated.As always, the leaders were the Property Managers. One hundred forty eight out of the 348 audited had a total shortage of $4,720,363. That is an average of […]
DRE wants to remind licensees about the important California laws intended to address housing discrimination. Must be important because DRE has issued only one other alert in the past 19 months. The laws that they are addressing include the Unruh Civil Rights Act, FEHA, and Holden. They also reference Commissioner’s Regulation 2780, panic selling and […]
Renewal Requirements RE SALES AND BROKER: Complete 45 hours of CE Details Here NOTARY: Complete 3 hours of CE Details Here If you have any questions, comments, recommendations, complaints, or just want to talk, call 800-439-4909, or email [email protected].
Senate Bill 263 Since 1978 Real Estate Licensees must complete 45 Hours of Continuing Education to renew their four year licenses. After a few years the DRE started to require specific classes to be part of the 45 hours. To date there are six three hour classes that must be finished by each student. The […]
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 […]
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. […]
Unlicensed Fictitious Business Names Summer Goralik is very experienced in the field of DRE Compliance. Her resume includes several years at DRE as an investigator and author. Realty Times has posted an interview featuring Summer and the famous Terri Murphy. It discusses problems that can arise with the use of “unlicensed fictitious business names”. It […]
11 Good Reasons You can work for two or more companies at one time as a Broker Associate.Broker Associates make more money than Sales Associates.If an opportunity suddenly arises, you are ready to go.When retired, you get full amount of referrals, no sharing.More prestige as a Broker.Public recognizes that it means more study and testing.Sense […]
Lindsey Gomer Testimonial Duane Gomer Seminars courses aided me in passing the Salesperson exam the first time I took it. The materials were very thorough and prepped me well. The crash course was well organized and identified a lot of key points that helped me to study. The materials, as well as the crash course, […]
