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Licensing Updates From The DRE

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 […]

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DRE Trust Fund Shortage: Yes, $5M in 2019-2020

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 […]

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End of an Era, Joel Singer Retiring at C.A.R.

Joel Singer has been at the California Association of Realtors since1978 and has been the Chief Executive Officer since 1989. Forty-three years if you are counting, but the era will come to a close at the end of this year. I remember Joel when he started at CAR in 1978 as Chief Economist, and of […]

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