As we have told you many times, California DRE licensees do not have to complete the 20-hour pre-licensure course because the DRE commissioner got it waived for you. However, you have to complete this waiver procedure by August 31, 2010.
How do you do it?
First, you go to the NMLS website at http://mortgage.nationwidelicensingsystem.org/Pages/default.aspx and register yourself […]
Entries Tagged as 'California Department of Real Estate'
MORTGAGE LOAN ORIGINATION (MLO) 20-HOUR PRE-LICENSURE COURSE WAIVER
July 21st, 2010 · No Comments
Tags: MLO · NMLS · MLO State Component Exam · MLO National Component Exam · MLO Continuing Education · California Association of Realtors · Duane Gomer · CAR · Purchase Agreements · Calif. Dept. of Real Estate · California Department of Real Estate · DRE · DRE Regulations
MORTGAGE LOAN ORIGINATION EXAM INFORMATION
May 28th, 2010 · No Comments
Since my last newsletter Duane Gomer, Inc. has presented many successful Mortgage Loan Origination full-day Exam Crash Courses throughout California. Our material is designed to prepare MLO exam prospects to pass both the National and State Exams.
To date, we have not heard of anyone failing the State Exam but many long time loan brokers who did […]
Tags: Mortgage Loan Originators · California Association of Realtors · New Laws In 2010 · Loan Origination · MLO · NMLS · FICO Scores · FICO · California Department of Real Estate · Calif. Dept. of Real Estate · DRE · Duane Gomer · Interest Rates · DRE Regulations
REAL ESTATE LICENSE CAN BE EASILY LOST
December 13th, 2009 · No Comments
“Bad facts make bad law”, they say, and the recent case of Robbins v. Davi, heard by California’s Second Appellate District Court of Appeal, drives that point home for real estate licensees. Did I say the facts were bad? Try this: Real estate broker and attorney, Lance Robbins, both owned and managed numerous “slumlord” apartments in […]
Tags: Robbins v. Davi · California's Court of Appeals · Slumlord · Landlords · DRE · Bob Hunt · California Department of Real Estate · Landlord Liability
Loan Modification Scams are Targeted
October 5th, 2009 · 1 Comment
Loan modification scams may not be the worst of monetary crimes, but they are certainly in the running. Taking advantage of financially distressed homeowners, the most common form of these scams is this: They take a large up-front fee (in the thousands) and then do nothing, or next to nothing, producing no beneficial results for […]
Tags: California Legislation · FBI · AB 764 · California Department of Real Estate · DRE · Calif. Dept. of Real Estate · State Attoney General · Bob Hunt · Loan Modifications · Loan Modification Scams · Distressed Homeowners · Foreclosures
From The Desk of Duane
April 21st, 2009 · 1 Comment
ABOLISH THE DRE
Assembly Bill 33 (Nava) was approved April 13th in the Assembly Banking Committee. This bill would abolish the Department of Real Estate, the Department of Corporations, the Department of Financial Institutions, and the Office of Real Estate Appraisers. AB 33 proposes to transfer the powers, duties, purposes, jurisdiction and responsibilities of those departments to the […]
Tags: California Department of Real Estate · Duane Gomer · CA Assembly Bills · Loan Modifications · FNMA · IRS Taxation · State Legislation · Fannie Mae · DRE Regulations
DEPARTMENT OF REAL ESTATE PROPOSES FEE INCREASES
January 26th, 2009 · 5 Comments
It is common knowledge that many California real estate companies and agents are feeling a serious pinch as a result of the downturn in the real estate market. Less well known is the fact that the state agency which regulates those companies and agents is having a similar experience. Directors of the California Association of […]
Tags: California Department of Real Estate · Calif. Dept. of Real Estate · Bob Hunt · Real Estate Licensure · DRE Regulations
BREAKING NEWS
January 21st, 2009 · 5 Comments
Today, we received a copy of a proposed regulation from Jeff Davi, DRE Commisioner. The main purpose is to raise fees for all licensees and subdivisions.
Briefly, fees for a four-year Broker’s license will go from $165 to $300 and for a sales license from $120 to $245. Most of the exam fees will be doubled. […]
Tags: Duane Gomer · California Department of Real Estate · Calif. Dept. of Real Estate · DRE Regulations