Category: Licensing and Education

DRE Bulletin Digest: Spring 2024

by Amy Platero | Jul 11, 2024 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

The Spring 2024 edition of the California Department of Real Estate (DRE) Bulletin informs licensees about Senate Bill (SB) 1495 and DRE fee changes.

DRE raising fees as renewals and licensing drop

by Robin Jennings | Jul 11, 2024 | Licensing and Education, Real Estate | 0

The health of the real estate industry depends in large part upon the financial health of the DRE as its policing unit. DRE’s fees for statutory and licensing courses had not increased since 1997.

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.

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.

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 | 1

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.

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.

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.

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

by Amy Platero | Aug 4, 2023 | 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 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.

DRE Hot Seat: Property manager conceals records from owner

by Amy Platero | Jun 30, 2023 | Fundamentals, Licensing and Education, Property Management, Real Estate | 2

This article is part of an ongoing series covering violations of real estate law. Here, a broker acting as a property manager surrendered his license in connection with a disciplinary action taken by the Department of Real Estate (DRE) for concealing property management books and records from a client they represented.

DRE Hot Seat: False representations to influence, persuade or induce

by Amy Platero | Jun 1, 2023 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 2

This article is part of an ongoing series covering violations of real estate law. Here, a broker surrendered his license in connection with a disciplinary action taken by the Department of Real Estate (DRE) for making substantial misrepresentations to his client in order to earn more fees.

DRE Hot Seat: Prison time for a broker who committed heinous mortgage fraud

by Amy Platero | Apr 27, 2023 | Fundamentals, Licensing and Education, Mortgages, Real Estate | 0

This article is part of an ongoing series covering violations of real estate law. Here, the California Department of Justice (DOJ) sentenced a broker to 5 years and 4 months in prison and ordered him to pay restitution for creating forged and fraudulent records to obtain more than $8 million in mortgages for his clients in order to earn fees for himself.

New California Real Estate Practice course fulfills 2024 requirements and beyond

by ft Editorial Staff | Apr 21, 2023 | Feature Articles, Features, Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

As of today, firsttuesday is the first California school to obtain DRE-approval to provide California’s future agents and brokers with the new Real Estate Practice course.

DRE Hot Seat: Trust funds require constant upkeep

by Amy Platero | Mar 29, 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 did not properly maintain trust fund records, and allowed the unauthorized withdrawal of trust funds.

California’s population is shortchanged on financial literacy

by ft Editorial Staff | Mar 27, 2023 | Finance, Fundamentals, Licensing and Education, Real Estate | 0

What buyers don’t know when boom times become recessions can’t hurt them, right? Wrong!

DRE Hot Seat: When mortgage originations go off the rails, repeatedly

by Amy Platero | Mar 3, 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 disclose broker compensation received on mortgage origination forms, while also misrepresenting themselves as a lender and not as the buyer’s agent.

DRE Hot Seat: Mortgage loan originator (MLO) knowingly takes fraudulent NMLS course

by Amy Platero | Feb 1, 2023 | Fundamentals, Licensing and Education, Mortgages, 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 knowingly took a fraudulent course for their mortgage loan originator (MLO) license endorsement, violating the student Rules of Conduct and licensing requirements of state and federal law.