The fall 2021 edition of the DRE Bulletin serves as an annual report focusing on the DRE’s accomplishments throughout the previous fiscal year (which ended June 30, 2021).
DRE Bulletin Digest: Fall 2021
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Real Estate Principles: Video™
A dynamic and multimedia collection of fundamental real estate concepts – step into the future of learning.
Stay current on the latest news, videos, forms, and updates for Real Estate Principles: Video™
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.
Newly published related content
2021 in review and a forecast for 2022 and beyond
Catch up on 2021’s biggest real estate stories and read firsttuesday’s forecast for 2022 and beyond.
Mortgage Concepts: How to issue the adverse action notice
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses guidelines for issuance of the adverse action notice/notice of action taken under both the Equal Credit Opportunity Act (ECOA) and Fair Credit Reporting Act (FCRA). For course credit toward renewing your NMLS license, visit firsttuesday.us.
DRE Hot Seat: Criminal misconduct a willful disregard of real estate law
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who received a felony sentence for burglarizing a home.
MLO Mentor: Anti-Money Laundering
This MLO Mentor article outlines common money laundering practices and the programs that counter them.
Mortgage Concepts: What are the elements of a nontraditional mortgage risk?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses the elements of a nontraditional mortgage risk. For course credit toward renewing your NMLS license, visit firsttuesday.us.
MLO Mentor: Red Flags Rule
This MLO Mentor guide helps you quickly identify suspicious activity as detailed under The Red Flags Rule. Enroll in firsttuesday’s 8-Hour NMLS CE to renew your California mortgage loan originator license and learn more about identity theft prevention in your practice.
Mortgage Concepts: Is my mortgage advertisement Reg N Compliant?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses rules for mortgage advertisements under Regulation N and provides an example. For course credit toward renewing your NMLS license, visit firsttuesday.us.
DRE Hot Seat: Without active status, don’t practice
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who misrepresented the status of his license under another state agency.