Real Estate Principles

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DRE Bulletin Digest: Summer 2022

DRE Bulletin Digest: Summer 2022

The Summer 2022 edition of the California Department of Real Estate (DRE) Real Estate Bulletin focuses on continuing education updates, a statewide housing plan, and the California Mortgage Relief Program, among other topics.

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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