As a service to the California Brokerage Community, Mary E. Work of Manning & Kass, Ellrod, Ramirez, Trester LLP is launching a monthly event named “Office Hours”. Continue reading “Office Hours with Mary E. Work”
The Automobile Club of Southern California reports that the costs associated with a DUI conviction have risen since the Auto Club last reviewed the issue in 2010. The costs associated with a DUI conviction include fines to the state, county penalties, attorney fees and increased auto insurance rates. Continue reading “The High Cost of a DUI When You Hold a Professional License”
LOS ANGELES – The Bureau of Real Estate is focused on the “biggest and baddest” violators of the law, according to State of California Real Estate Commissioner Wayne Bell, who spoke at a program hosted by the California Bar Association’s Real Estate Sales & Brokerage Sub-Section of the Property Law Section. Continue reading “California Bureau of Real Estate Gets Tougher on Enforcing Violations and Unlicensed Individuals”
As of August 1, 2013, all properties being considered for a standard short sale/HAFA II must be listed on an active status with the MLS for at least 5 consecutive days – including one weekend. Continue reading “Fraud Prevention and the MLS: New Fannie Mae Rule Regarding Short Sales”
Effective July 1, 2013, Business and Professions Code section 115.5 will require the Bureau of Real Estate (BRE) to expedite the license applications of those individuals already licensed in another jurisdiction as a real estate professional and who are married to, or in a legal union with, an active duty member of the Armed Forces and assigned to a duty station in California. Additional information regarding the expedited licensing process is currently available on the DRE website (www.dre.ca.gov).
Recently, the BRE has turned its attention to brokers conducting property management business. Now is a good time to seek a regulatory compliance review of your brokering activities.
California Governor Jerry Brown signed SB 510 into law on 10/9/11. This legislation will allow brokers to designate branch managers as directly responsible for the licensee activities of those real estate salespersons under their supervision. This will require filing paperwork with the Dept. of Real Estate (DRE) notifying the DRE of the designation. Standby for further updates.
Current law and regulations require the Department of Real Estate (DRE) to engage in formal disciplinary action against licensees for any infraction, even a minor one and even if the violation was promptly corrected. Once accused, the licensee must defend themselves against the allegation or else risk losing their license. Continue reading “Why AB 278 (Hill) is a Great Piece of Legislation for the California Real Estate Community”
To understand the effect a restricted real estate license will have on your real estate career, you must first understand the rights associated with an “un”restricted real estate license. Continue reading “The Meaning of a “Restricted” Real Estate License”
Good news for vigilant brokers throughout California!
This past summer the Department of Real Estate started a new “Benefit of the Doubt Program” which is now in practice on a trial basis.