The California Department of Real Estate released its fall bulletin. Check out the highlights in this quarter's issue.
In this issue:
New Required CE Coursed Now Available. Licensees renewing for the frst time on or after January 1, 2023, complete a new two-hour course in implicit bias training and a revised three-hour course in fair housing that includes an interactive participatory component
The Important Role of Enforcement in Regulating California’s Real Estate Industry DRE posts on its website summaries of the most serious enforcement actions taken against licensees, as well as other disciplinary actions.
Licensees Urged to Protect Themselves from ID Theft Scam DRE recently issued a statewide Consumer Alert.
DRE Stats include a 5% reduction in licensees prior to last year. 5,202 Complaints received. 67,768 exams administered.
External Audit Stats on Property Management, Broker Escrow, Mortgage Loan, and Sales. Given DRE’s number of auditors as compared to its licensee population, audit efforts in FY 2021-22 focused on brokers who handle a high volume of trust funds. Audit cases completed during the fiscal year revealed a troubling high incidence of trust fund shortages.
Legal Activity, Enforcement, Subdivisions, Communications, and a look forward.
Learn from a wealth of information and insight provided in the Fall Real Estate Bulletin.