broker supervision | firsttuesday Journal

Brokerage Reminder: The DRE wants to give brokers the benefit of the doubt

by Guest Author Summer Goralik | Mar 11, 2024 | Feature Articles, Real Estate, Your Practice | 0

Every real estate broker acting in the capacity of a responsible broker needs to be aware of the “Benefit of the Doubt” program.

DRE Hot Seat: Broker license suspended for failure to prevent unlicensed staff from conducting licensed activity

by Amy Platero | Sep 27, 2023 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who failed to adequately supervise the activities of his staff as his unlicensed assistants were contracting and negotiating with principals in real estate transactions.

DRE Bulletin Digest: Summer 2023

by ft Editorial Staff | Sep 20, 2023 | Real Estate, Your Practice | 0

The Summer 2023 edition of the California Department of Real Estate (DRE) Bulletin includes licensee reminders about broker supervision, adjustable rate mortgages (ARMs) and trust funds.

DRE Hot Seat: Failure to report felonies and website advertisement blunders

by Amy Platero | Sep 5, 2023 | Fundamentals, Laws and Regulations, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who failed to report felony charges brought against them, advertised real estate services on their website while not in good legal standing with the Secretary of State, and failed to disclose required information in their website advertisements.

Disclosure of termite inspection reports: a compliance wake-up call for real estate licensees

by Guest Author Summer Goralik | Aug 10, 2023 | Fundamentals, Laws and Regulations, Real Estate, Your Practice | 0

Real Estate Compliance Consultant Summer Goralik reminds agents of the proper handling of termite inspection reports.

DRE Bulletin Digest: Spring 2023

by ft Editorial Staff | Jun 2, 2023 | Real Estate, Your Practice | 0

The Spring 2023 edition of the California Department of Real Estate (DRE) Bulletin covers pre-license education changes, broker supervision requirements, the DRE’s complaint review process, and more.

DRE Hot Seat: Broker fails to supervise or disclose an overt conflict of interest

by Amy Platero | Dec 30, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a real estate corporation, later leading the designated officer to voluntarily surrender their broker license, for allowing an unlicensed employee to solicit and contract with their principal, and failing to disclose a conflict of interest.

Hiring newly-minted real estate agents in a recession

by Ashley Collins | Dec 23, 2022 | Licensing and Education, Real Estate, Recessions | 0

Now is the instructive period of a business cycle which positions talented, recent licensees to max out the good times in the recovery phase of a business cycle.

The evolution of the “rogue agent” defense in real estate

by Guest Author Summer Goralik | Dec 5, 2022 | Laws and Regulations, Real Estate, Your Practice | 1

Real Estate Compliance Consultant Summer Goralik outlines best compliance practices when a real estate agent strays from their broker’s policies.

DRE Hot Seat: The buck stops with the designated broker — always

by Amy Platero | Dec 2, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

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 failed to properly supervise their corporation’s activities as the designated officer.

DRE Hot Seat: Agent with revoked license facilitates transaction for suspended corporation

by Amy Platero | Nov 1, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

Transaction coordinator misconceptions

by Amy Platero | Sep 6, 2022 | Fundamentals, Real Estate, Your Practice | 1

Supervisory responsibilities may be delegated to others, such as a transaction coordinator, but some significant aspects of supervision remain with the broker.

DRE Hot Seat: Designated officer assumes responsibility over mismanaged brokerage

by Amy Platero | Jul 27, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) restricted the California real estate license of a broker who failed to properly supervise and maintain trust funds and trust fund records as the designated officer of a property management company.

A Broker’s Use of Supervisors

by ft Editorial Staff | Jul 21, 2022 | Feature Articles, Features, Real Estate, Video | 0

A broker’s delegation of oversight and management duties to an office manager.

DRE Hot Seat: Broker engages in trust fund violations and dishonest dealing

by Amy Platero | May 26, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) restricted the California real estate license of a broker who engaged in dishonest dealing with clients, committed trust fund violations and failed to adequately supervise.

DRE Bulletin Digest: Spring 2022

by Bethany Correia | May 9, 2022 | Real Estate | 0

The Spring 2022 edition of the California Department of Real Estate (DRE) Real Estate Bulletin focuses on homebuyer “love letters,” the 2023 continuing education requirements, advertising guidelines and dual agency, among other topics.

DRE Hot Seat: Unlicensed assistants need adequate supervision

by Amy Platero | Jan 31, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

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 failed to adequately supervise and review transaction files, and unlawfully employed and compensated an unlicensed employee for performing acts requiring a real estate license.

Brokerage Reminder: Unlicensed assistants and finders – supervision required

by ft Editorial Staff | Nov 24, 2021 | Brokerage Reminder, Real Estate, Your Practice | 2

Brokers who hire unlicensed assistants and finders need to continuously supervise their employees and adhere to Department of Real Estate (DRE) guidelines.

DRE Hot Seat: Pacific West Homes & Investments, Inc.

by Amy Platero | Sep 23, 2021 | Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the DRE revoked the license of a real estate corporation along with its designated officer for failing to retain documents, unlawful use of a fictitious business name, making substantial misrepresentations and failing to adequately supervise.

DRE Hot Seat: Broker supervision required — always

by Benjamin J. Smith | Mar 21, 2021 | Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, salespersons associated with Real Estate Broker Services Inc. (REBS) violated multiple real estate laws — for which the brokerage was held responsible.