Chika Sunquist will step into the Commissioner role at the start of 2024.
Governor appoints new DRE Commissioner
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Conflicts of interest facing appraisers and mortgage lenders
An appraiser must not have a direct or indirect interest, financial, personal or otherwise, in the property they have been retained to prepare an appraisal.
DRE Commissioner to retire
DRE Commissioner, Doug McCauley, will retire at the end of 2023.
As mortgage rates rise, so must property prices retreat; Monthly Statistical Update (November 2023)
https://vimeo.com/880610858 The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: ARM rates, which remain useless to buyers seeking to increase their...
NAR® to pay out $1.8 billion in broker conspiracy lawsuit
The National Association of Realtors® (NAR®) is in hot-money water again, this time for a full-blown conspiracy to inflate broker fees.
New advertisement law requires all fees be disclosed upfront — with implications for real estate
With authorities cracking down on misleading advertising, brokers and MLOs will be wise to take this opportunity to ensure their adverts are in compliance.
DRE Hot Seat: Real estate course provider falsely promises free CE for life
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) issued a bar order against a real estate course provider who published false and misleading statements about their continuing education courses, issued false CE certificates, and more.
Alternative fee structures to attract clients when home prices are falling
Sellers attempting to save money when prices are falling often turn to FSBOs – here’s how you can regain fee-adverse clients.
Appraisal discrimination made easier to spot with California’s new law
A new law authorizes the California BREA to collect demographic data from appraisers.
Errata & Updates
- 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