The DRE has recently announced that it is issuing "Notices of Intent to Deny" in situations where the applicant does not hold a real estate license at the time of the application. This can lead to the formal denial of the MLO endorsement application. Such a denial becomes a type of regulatory action against the applicant and it may create...Read More
Advertising Team Names: A team name is defined as a professional identity or brand name used by a salesperson and at least one other real estate licensee in the advertising of real estate services. Effective January 1, 2015, advertising that contains a team name must include, in a conspicuous manner, the licensee's name and license number. The advertising must also...Read More
Q: Which state enforcement agency enforces Fair Housing laws in California? A: The Department of Fair Employment and Housing (DFEH) enforces state fair housing laws which make it illegal to discriminate on the basis of a protected characteristic such as: Race, color, religion, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, familial status, source of...Read More
Applications and Background Disclosure Information: What Must You Report When Applying for a Real Estate License?
Applicants seeking licensure as a California real estate salesperson or a real estate broker are required to answer the four (4) background questions that appear below under penalty of perjury. Many applicants fail to fully understand the scope of information that each question covers. Others believe that if the background events in questions occurred more than 7 years ago the...Read More
What is the DRE Broker Office Survey? The DRE Broker Office Survey (BOS) is a review of the way in which the broker operates its brokerage. It looks into the types of activities that the broker conducts. It takes a close look at whether or not the broker is doing those activities correctly and in compliance with California real estate...Read More
What You Should Know When Applying for a Real Estate License from the California Department of Real Estate
The California Department of Real Estate (the DRE) is authorized to request background information from all applicants seeking the issuance of a license to practice real estate activity requiring a license in this state. (more…)Read More
Right now, in the midst of a great deal of uncertainty, many real estate professionals are taking time to create innovative new business plans. Others are evaluating new ways to streamline their brokerages into lean, mean, profit-making machines. All of these actions make sense right now. But, if you still have not taken care of removing old, dated, disciplinary...Read More
In professional malpractice cases, expert opinion testimony is required to prove or disprove that the defendant performed in accordance with the prevailing standard of care except in cases where the negligence is obvious to laymen. (more…)Read More
Who Needs an MLO Endorsement or MLO License When Engaging in Loan Origination Activity in California?
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 use that is secured by a...Read More
Mortgage loan origination activity by a Department of Real Estate Licensee – whether a real estate broker or real estate salesperson – requires that the license holder apply to the DRE for an MLO ENDORSEMENT to the license that allows the licensee to engage in Mortgage Loan Origination Activity. The alternative to the DRE endorsement is to seek the MLO...Read More