Your Practice | firsttuesday Journal

Mortgage Concepts: Timelines for lender RESPA disclosures

by Carrie B. Reyes | Dec 7, 2023 | Feature Articles, Finance, Mortgages, Real Estate, Your Practice | 0

This video covers delivery of the Loan Estimate and Closing Disclosure.

The points and fees test for Section 32

by Carrie B. Reyes | Dec 4, 2023 | Finance, Loan Products, Real Estate, Your Practice | 0

Learn when a consumer-purpose mortgage falls under Section 32 limitations and disclosure rules.

Governor appoints new DRE Commissioner

by Carrie B. Reyes | Nov 29, 2023 | Real Estate, Your Practice | 0

Chika Sunquist will step into the Commissioner role at the start of 2024.

DRE Commissioner to retire

by Carrie B. Reyes | Nov 17, 2023 | Real Estate, Your Practice | 0

DRE Commissioner, Doug McCauley, will retire at the end of 2023.

NAR® to pay out $1.8 billion in broker conspiracy lawsuit

by Carrie B. Reyes | Nov 2, 2023 | Feature Articles, Real Estate, Recent Case Decisions, Your Practice | 1

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

by Carrie B. Reyes | Oct 30, 2023 | Buyers and Sellers, New Laws, Real Estate, Your Practice | 0

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

by Amy Platero | Oct 30, 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) 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

by Carrie B. Reyes | Oct 30, 2023 | Economics, Feature Articles, Home Sales, Real Estate, Recessions, Your Practice | 0

Sellers attempting to save money when prices are falling often turn to FSBOs – here’s how you can regain fee-adverse clients.

Meet the MLO video course that fulfills your NMLS CE renewal needs

by ft Editorial Staff | Oct 16, 2023 | Feature Articles, Fundamentals, Licensing and Education, Mortgages, Real Estate, Your Practice | 0

Your NMLS renewal just got more entertaining now that firsttuesday’s 8-hour NMLS CE Online Video course is freshly approved.

NAR® members jump ship following sexual harassment allegations and more anti-trust lawsuits

by Carrie B. Reyes | Oct 16, 2023 | Feature Articles, Real Estate, Your Practice | 0

Licensees and the public more broadly have recently grown uncomfortably aware that those in charge don’t always follow their own rules.

Letter to the Editor: Who may render a broker price opinion (BPO)?

by Carrie B. Reyes | Oct 9, 2023 | Appraisal, Letters to the Editor, Real Estate, Your Practice | 0

Does one need to be a broker to prepare and present a broker price opinion (BPO)?

Your next renewal just got more entertaining — and informational

by ft Editorial Staff | Oct 9, 2023 | Feature Articles, Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

Video BO-AFTER™ is the culmination of years of meticulous work, being in some state of active production since May 2017. And now, it is approved by the DRE and ready for your next renewal — get ready to be entertained as you are being educated.

UDAAP consumer mortgage protections extended to commercial financing

by Carrie B. Reyes | Oct 2, 2023 | Commercial, Finance, Mortgages, Real Estate, Your Practice | 0

Existing regulations prohibiting unfair, deceptive, and abusive practices (UDAAP) in consumer mortgage financing now apply to the conduct of originators of commercial mortgage financing in California.

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.

Ethics in rendering broker price opinion (BPO) services

by Carrie B. Reyes | Sep 21, 2023 | Appraisal, Feature Articles, Real Estate, Your Practice | 0

Lean to recognize when arrangements, situations, and relationships can give rise to conflicts of interest in the preparation of a broker price opinion (BPO);

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.

Share your insight with the DRE — and earn free CE

by ft Editorial Staff | Sep 14, 2023 | Feature Articles, Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

The DRE wants to hear from practicing agents and brokers to help develop the latest version of the salesperson and broker state exams and is giving free CE as a thank you.

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.