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 […]
Read More… from Attention Mortgage Loan Origination Applicants: DRE Notices of Intent to Deny
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 […]
Read More… from Advertising Team Names – What is The Rule? and Other Related Issues
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, […]
Read More… from Real Estate Licensees and Housing Discrimination
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 […]
Read More… from The DRE Broker Office Survey – Is My Brokerage Ready?
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 […]
Read More… from How to Remove Prior License Discipline From Your DRE License Profile
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 […]
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 […]
Read More… from Background Checks for Licensing as a Mortgage Loan Originator in California
The title of “Broker Associate” is now clearly defined in the CA Business and Professions Code: 10015.3. “Broker associate” means a broker retained by a responsible broker who has authority to provide services requiring a real estate license on behalf of the responsible broker. The Department of Real Estate allows a broker associate to work […]
