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 engage real estate broker compliance consultants to assist with their compliance efforts without taking the qualifications of such consultants into consideration.
Only licensed attorneys and CPAs have statutory duties of confidentiality when working with clients. In California’s highly regulated and hyper-competitive business climate, it is essential to work with licensed professionals to ensure your business information is handled with the utmost care. The unlicensed/uncredentialed compliance consultant is not subject to the same rigorous confidentiality requirements that apply to licensed attorneys and CPAs.
Recommendation:
A top to bottom strategic examination of your brokerage’s operations is the first line of defense against specious complaints, unscrupulous competitors, employee dishonesty and other situations that can catch a brokerage off guard.
