The first DBO Bulletin Digest of 2020 gets right to business with a DBO overhaul and fintech initiatives.
DBO Bulletin Digest January 2020
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Legal Aspects of Real Estate
Back up your sales acumen by diving into the legal aspects of California real estate.
Stay current on the latest news, videos, forms, and updates for Legal Aspects of Real Estate.
Recent updates to the course e-book
- In Chapter 25, references to “a intervivos trust” should be “an intervivos trust.”
- In Chapter 33, in the third bullet point beginning “55 or older with an annual income…”, $15,000
should be $25,000 and $20,000 should be $35,000. - Answer Key for Quiz 9, Question 2. The correct answer should be “d.”, not “c.
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
2019 California legislative round-up
This article digests the bills relevant to real estate that passed and were signed into law in California during 2019.
DBO Bulletin Digest December 2019
Editor’s note — The California Department of Business Oversight (DBO) supervises, licenses and regulates a variety of financial institutions, including some real estate mortgage loan originators (MLOs) holding a Nationwide Multistate (or Mortgage) Licensing System...
California bans home insurance non-renewals in wildfire areas
A new rule preserves homeowners’ insurance policies in areas affected by the 2019 wildfires.
Change the law: Prohibit trade union membership for DRE commissioners
The DRE needs to focus on its goal to safeguard consumers rather than protect CAR’s interests
Arbitration law updates leave much desired
Arbitration leaves consumers at a disadvantage, but some progress has been made in making results more transparent.
New law requires cities to incentivize ADUs
Beginning in 2020, local governments will be required to incentivize and promote affordable accessory dwelling units (ADUs).
Change the law: Require real estate team leaders to hold a broker license
first tuesday proposes that team leaders be required to be licensed brokers, who have more education and typically more experience than sales agents.
Tenant protection loophole prompts mass evictions
Landlords rush to oust tenants ahead of California’s new rent cap law.