Category: Licensing and Education

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.

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DRE Hot Seat: Danny Yen, owner of Real Estate Educational Services (REES), reprimanded by DRE and DFPI for conducting massive education fraud scheme

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) withdrew the qualification of a real estate course provider and instructor who implemented an elaborate and multi-state educational scheme which fraudulently provided course completion certificates to hundreds of DRE licensees and mortgage loan originators (MLOs) without requiring them to pass — or even attempt — their courses and final exams.

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DRE Hot Seat: Unlicensed assistants need adequate supervision

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.

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