Your Practice | firsttuesday Journal

The new Implicit Bias and expanded Fair Housing course are available for your 2023 California real estate license renewal

by Carrie B. Reyes | Oct 3, 2022 | Fair Housing, Feature Articles, Real Estate, Your Practice | 0

Newly-required course content is now available for you to renew your California real estate license.

DRE Hot Seat: Broker frauds his landlord client and tenant

by Amy Perry | Sep 30, 2022 | Fundamentals, Licensing and Education, Property Management, 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 acting as a property manager who charged the tenant a greater amount than was paid to the landlord.

How agents are finding clients in 2022 — and how that’s all about to change

by Carrie B. Reyes | Sep 19, 2022 | Real Estate, Your Practice | 0

During a recession, agents need to shift marketing strategies to focus on securing buyers.

MLO Mentor: timeliness of disclosures

by Bethany Correia | Sep 12, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article details disclosure timelines for the Loan Estimate and Closing Disclosures.

Letter to the editor: Does the DRE “accredit” schools?

by ft Editorial Staff | Sep 8, 2022 | Forms, Letters to the Editor, Licensing and Education, Real Estate | 0

The California Department of Real Estate (DRE) does not “accredit” schools. The DRE approves courses submitted by course providers.

DRE Bulletin Digest: Summer 2022

by Bethany Correia | Sep 6, 2022 | Real Estate, Your Practice | 0

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.

Transaction coordinator misconceptions

by Amy Perry | 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: Trust funds are held “in trust” and belong to another

by Amy Perry | Sep 1, 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 disburse trust funds to the owner of the funds.

MLO Mentor: Changed circumstances and TRID disclosures

by Bethany Correia | Aug 29, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article discusses changed circumstances in the course of the mortgage origination process and the disclosures required.

Honey, I shrunk the population: California migration trends

by Amy Perry | Aug 26, 2022 | Economics, Inland Empire, Real Estate, Sacramento, Your Practice | 0

A great migration from the Golden State to less costly states is underway. Which demographics are moving out and what are their motivations for packing up?

DFPI Bulletin Digest: August 2022

by Bethany Correia | Aug 22, 2022 | Mortgages, Real Estate, Your Practice | 0

The August 2022 DFPI Bulletin focuses on a crypto-asset survey and consumer alert, and AARP’s Scam Chat, among other topics.

Mortgage Concepts: Regulation O recordkeeping

by Bethany Correia | Aug 19, 2022 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

This video discusses recordkeeping rules for mortgage loan originators (MLOs) under Regulation O.

MLO Mentor: consumer privacy

by Bethany Correia | Aug 15, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 1

This article discusses privacy laws for financial institutions under Regulation P, the Privacy of Consumer Financial Information.

Letter to the editor: May a commercial landlord’s broker refuse to pay a fee to the tenant’s broker upon renegotiation of the lease?

by ft Editorial Staff | Aug 15, 2022 | Letters to the Editor, Property Management, Real Estate, Your Practice | 2

Under what circumstances is a landlord required to pay another broker fee?

MLO Mentor: The adjustable-rate mortgage, Part II

by ft Editorial Staff | Aug 5, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Your Practice | 0

MLO Mentor is an ongoing series covering compliance best practices for mortgage loan originators...

DRE Hot Seat: Designated officer assumes responsibility over mismanaged brokerage

by Amy Perry | 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.

DFPI Bulletin Digest: July 2022

by ft Editorial Staff | Jul 22, 2022 | Laws and Regulations, Mortgages, New Laws, Pending Laws, Real Estate, Your Practice | 0

The July 2022 DFPI Bulletin focuses on small business financing disclosures, proposed rules on commercial financial products, and the 2022-2023 assessment rates for financial institutions, among other topics.

Letter to the editor: Do real estate brokers need to offer their employees 401k plans?

by ft Editorial Staff | Jul 21, 2022 | Letters to the Editor, Real Estate, Your Practice | 0

The answer depends on how the broker structures their agent’s employment contracts.

MLO Mentor: ECOA disclosures, Part II

by ft Editorial Staff | Jul 21, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article discusses record retention and discrimination rules under the Equal Credit Opportunity Act (ECOA).

Stay on the straight and narrow with these real estate compliance tips

by Guest Author Summer Goralik | Jul 21, 2022 | Feature Articles, Licensing and Education, Your Practice | 0

Real Estate Compliance Consultant and former California Department of Real Estate Investigator, Summer Goralik, offers six tips to staying in compliance with real estate law.