PRACTICE TIP for California Real Estate Brokers When seeking regulatory compliance guidance for your real estate brokerage operation, engage the services of a licensed attorney who can advise you about the legal requirements that apply to the Real Estate Brokerage industry in this state and also keep your business information confidential. Many real estate brokerages […]
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Have you conducted your due diligence with regard to your broker business model? The adage attributed to Benjamin Franklin tells us, “An Ounce of Prevention is Worth a Pound of Cure.” There are few businesses where the adage is more accurate than when creating a business plan for a new real estate broker venture. What […]
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The term, Rent-a-Broker, in the context of property management, is often detected based on a few aspects of the business model. […]
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 […]
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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 […]
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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, […]
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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 […]
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 […]
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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. […]
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 […]
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