We’re honored to feature an article written by Wayne Bell, former California Real Estate Commissioner. His in-depth perspective offers real value for real estate professionals—this isn’t a quick teaser, it’s a must-read full of substance. Don’t miss the opportunity to learn from one of the most respected voices in the industry. An Easy and Fundamental […]
Archive | Regulations
Lawyers as Brokers
Today, we are presenting another outstanding offering by an industry leader, Wayne Bell. In the article, Wayne discusses the California laws concerning lawyers brokering properties. Interestingly, I have had the privilege of doing DRE license preparation classes for lawyers across the state. Yes, many of them read too much into every question, but they are […]
PROPOSED REGS CONCERNING BUYER/BROKER AGENCY
The DRE has proposed new regulations concerning “Buyer-Broker Representation Agreements”. The new commissioner regulations—Sections 2908.1, 2908.2, and 2908.3—are part of AB 2992. I believe the best method to provide you the DRE information is to relay their notice. In pertinent part, AB 2992 provides a definition of a “buyer-broker representation agreement”, details minimum required terms […]
What Are Wayne Bell and Tricia Parkhurst Doing?
The two Department of Real Estate veterans have formed a new company to assist real estate professionals like you. According to their website (www.reaaca.com), their mission is to provide value-added guidance and support for real estate consumers and licensed professionals. To help you understand how valuable their expertise is, I have included extensive bios for […]
An Interview With Doug McCauley California Department of Real Estate Commissioner
The Commissioner of the California Department of Real Estate, Doug McCauley, was very generous with his time and allowed me to interview him on his two year anniversary. I asked him the questions that I thought licensees would ask if they had this opportunity. His candid and open answers should help us better understand the […]
Judge Blocks Oregon’s Housing Love-Letter Ban
An Oregon State Law effective January 1, 2022 has been blocked by a Federal Judge. The state legislature believed that letters written by prospective buyers to sellers telling why they should be picked as the buyer when there are many offers. Advocates state that the letters lead to housing discrimination and the judge said that […]
Special Alert to People Born in the Year 1950
The IRS, Your IRA’s, and You Congratulations, you will be 72 this year. You probably realize that you will be asked to start taking money out of your IRA’s this year. Yes, that IRS regulation that most Senior Citizens hate with a passion. You have to take money out (not Roth IRAs of course) and […]
New Leader at Consumer Financial Protection Bureau
A New Sheriff In Town During the last few years CFPB has been more concerned with education and resources for consumers, unlike the previous regime under Richard Cordray. There is a new JEFE MASCULINO. Or, I might say, a new sheriff in town. Name: Rohit Chopra. He was formerly at this agency as an Assistant […]
Reg Changes At DRE
DRE Regulation Amendments A recent pronouncement from the Department of Real Estate stated that some amendments were coming to our DRE Regulations because of bill AB 2884. Can’t be too earth shattering because no public hearing is scheduled, and if you want to make any written comments, make them before 1700 Hours on 9/8/2021. Responsible […]
Do You Know What The DFPI Is?
DFPI It is the Department of Financial Protection and Innovation. The name became official on September 29, 2020. Before that date it was known as the Department of Business Oversight. That name was adopted on July 1, 2013 when the Department of Corporations and the Department of Financial Institutions were merged. “A rose by any […]