Tag: trust funds

DRE Hot Seat: Failure to disburse trust funds to the owner of funds

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 acting as a property manager who collected trust funds on behalf of landlords they represented and failed to disburse the trust funds to the landlords as required.

Read More

DRE Hot Seat: Designated officer assumes responsibility over mismanaged brokerage

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.

Read More

DRE Hot Seat: Broker conceals their own non-licensed escrow service while commingling trust funds

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 commingled their client’s funds with their personal account and used themselves, operating under an unapproved fictitious business name, as the escrow service without informing the client.

Read More
Loading

Education

Quilix

Quilix

Your weekly California real estate news digest.

Resources

RPI Forms
FARM letters
Market Charts
Property Management Resources

Polls

On average, how long do most of today’s buyers expect to own their home?

View Results

Games

RealtyPop Video Game
Bubbles falling spelling jargon drop real estate game intro

Real Estate Crossword

Get to know us

About firsttuedsay

Products & Services

Proudly serving California licensees for over 40 years

firsttuesday

Most Popular Real Estate School in California firsttuesday ranked most popular real estate school in California by Redfin