This article presents three real-life scenarios in which each licensed brokerage corporation’s designated officer conducted unlawful activities which led to disciplinary and enforcement actions by the DRE.
Designated officer missteps
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Real Estate Principles: Video™
A dynamic and multimedia collection of fundamental real estate concepts – step into the future of learning.
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Recent updates to the course e-book
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
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A Designated Officer’s diligence guidance
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Eshagian v. Cepeda
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Learn how an individual becomes a designated officer of a DRE-licensed corporation and provides supervision and oversight of all its employees for compliance with real estate law.
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Alternative methods to a foreclosure sale on mortgaged property include a short sale and a deed-in-lieu of foreclosure. RPI Form 150-5 allows a buyer to purchase a property when the mortgage holder agrees to take a reduced payoff to satisfy the debt and clear title. RPI Form 406 allows an owner to deed their property directly to their mortgage holder.
Sales volume: a powerful magnet for home prices
Home sales volume movement impacts tomorrow’s home prices.
Referral fees to transaction agents from third-party providers prohibited
Learn to identify impermissible fees for your referral of a transaction participant to a third-party provider as a duplicate charge and a prohibited kickback and establish broker-owned services and refer clients to use them to capture legally entitled profit from transactional services otherwise received by third-party providers.