Who Needs an MLO Endorsement or MLO License When Engaging in Loan Origination Activity in California?

california mortgage origination

  The definition of a mortgage loan originator (MLO): Mortgage loan originator means an individual who for compensation or gain in expectation of compensation or takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan. A residential mortgage loan is defined as a loan for personal, family, or household […]

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ATTENTION DRE LICENSEES – Sexual harassment claims in the era of #MeToo

metoo real estate industry

  Sexual harassment: Real Estate licensees can be held liable for claims of sexual harassment in situations where the following has occurred: There is a business, service, or professional relationship between the complaining party and the licensed real estate professional. The licensed real estate professional has held himself or herself out as being able to help […]

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California Bureau of Real Estate Gets Tougher on Enforcing Violations and Unlicensed Individuals

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. […]

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Increased Accountability of Licensees Managing Real Estate Offices

Governor Jerry Brown

  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 […]

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