Licensing and Education | firsttuesday Journal

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 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.

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.

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.

When you can expect to access the extra CE required to renew your California real estate license

by ft Editorial Staff | Jul 18, 2022 | Feature Articles, Laws and Regulations, Licensing and Education, Real Estate | 1

The new course requirements will apply to real estate agents and brokers with licenses expiring on or after January 1, 2023.

DRE Hot Seat: A broker’s website needs to comply with real estate advertisement laws

by Amy Perry | Jun 30, 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 advertised real estate services without disclosing his license identification number, claimed to perform mortgage loan originator (MLO) services without holding a valid license, and used unlicensed fictitious business names on his website.

MLO Mentor: California’s nonjudicial foreclosure

by ft Editorial Staff | Jun 13, 2022 | Feature Articles, Licensing and Education, Real Estate, Your Practice | 0

This article gives an overview of California state’s nonjudicial foreclosure process.

DRE Hot Seat: Broker engages in trust fund violations and dishonest dealing

by Amy Perry | May 26, 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 engaged in dishonest dealing with clients, committed trust fund violations and failed to adequately supervise.

MLO Mentor: California Residential Mortgage Loan Act, Part II

by ft Editorial Staff | Apr 27, 2022 | Feature Articles, Licensing and Education, Mortgages, Real Estate, Your Practice | 0

This article continues our discussion in Part I of MLO licensing, origination and reporting under the California Residential Mortgage Loan Act (CRMLA).

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

by Amy Perry | Apr 25, 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 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.

Home sales volume impacts sales agent licensing and renewals

by ft Editorial Staff | Apr 21, 2022 | Charts, Licensing and Education, Real Estate | 1

View California sales agent trends from 2002-present, and examine the effect of home sales volume on licensing.

Newly licensed sales agent and broker population

by ft Editorial Staff | Apr 11, 2022 | Charts, Licensing and Education, Real Estate | 0

This article examines the number of broker and sales agent licenses issued by the DRE from 1998-present, with forecasts about future licensing trends.

DRE Bulletin Digest: Winter 2022

by ft Editorial Staff | Mar 28, 2022 | Licensing and Education, Real Estate, Your Practice | 0

The Winter 2022 DRE Bulletin focuses on scandal, new laws and education updates.

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

by Amy Perry | Mar 25, 2022 | Fundamentals, Licensing and Education, Mortgages, Real Estate | 0

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.

DRE Hot Seat: Deceitful misrepresentations are not due diligence

by Amy Perry | Feb 25, 2022 | Fundamentals, Licensing and Education, Real Estate | 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 comply with advance fee requirements while conducting prepaid rental listing service (PRLS) activities.

DRE Hot Seat: Unlicensed assistants need adequate supervision

by Amy Perry | Jan 31, 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 adequately supervise and review transaction files, and unlawfully employed and compensated an unlicensed employee for performing acts requiring a real estate license.

DRE Hot Seat: Criminal misconduct a willful disregard of real estate law

by Amy Perry | Dec 22, 2021 | 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 received a felony sentence for burglarizing a home.

DRE Hot Seat: Without active status, don’t practice

by Amy Perry | Dec 6, 2021 | 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 misrepresented the status of his license under another state agency.