DRE Bulletin Digest Summer 2021
A review of the Summer 2021 DRE Real Estate Bulletin.
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Tag: trust funds
DRE Hot Seat: Making substantial misrepresentations constitutes dishonesty
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 made substantial misrepresentations to his clients, mishandled a trust account, and more.
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Brokerage Reminder: Disbursement of funds when a transaction fails
Keep yourself informed about the rules surrounding disbursement of funds held in escrow after a failed transaction.
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Brokerage Reminder: Trust fund(amentals)
Brush up on the basics of trust fund rules and regulations.
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Maintaining Trust Account Integrity
A broker’s detailed records which track their receipt and disbursement of trust funds
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Trust Account Management
Management of trust funds deposited into a non-interest bearing trust account
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Advance Fees are Trust Funds
The proper handling of broker fees deposited with the broker before they are earned
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Advance Costs are Trust Funds
The proper handling of costs advanced by a seller to a broker to market their property and acquire property reports
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DRE Hot Seat: TD Holdings I Inc.
This article is part of an ongoing series covering violations of real estate law. Here, a corporation deposited trust funds improperly and late — and was fined by the DRE.
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Summer 2018 DRE Real Estate Bulletin Digest
A review of the Summer 2018 DRE Real Estate Bulletin.
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Insurance may cover wrongful trust fund takings by unlicensed employees
Brokers may now obtain insurance to cover wrongful acts committed by unlicensed employees.
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Summer 2017 CalBRE Real Estate Bulletin Digest
Catch up on the newest CalBRE Real Estate Bulletin for Summer 2017.
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Fall 2016 CalBRE Real Estate Bulletin
This quarter, CalBRE reports on its audit, licensing, disciplinary and administrative activities during 2015-2016.
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Spring 2016 CalBRE Real Estate Bulletin: Building a stronger industry
The Spring 2016California Bureau of Real Estate (CalBRE) Real Estate Bulletin focuses on licensing standards, trust fund accounting mistakes and due diligence on common interest developments (CIDs) deals.
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The property management agreement – authority to operate rental property
Form-of-the-Week: Property Management Agreement – Form 590 Short-form vs. long-form property...
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Surety bond deductibles for unlicensed trust fund handlers
Surety bond coverage required for a broker or corporate officer to authorize unlicensed employees to make withdrawals from trust accounts may now include a maximum 5% deductible.
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