**NOTE: This article only applies to Business Purpose Residential/Commercial Real Estate.** Many lenders in California have a decision to make about what type of license they should obtain. The two primary licenses are a real estate broker’s license (“DRE license”), governed by the California Department of Real Estate (DRE) or a California Finance Lenders License …
CA Lenders – Which License do you need? CFLL or DRE? Read More »
While it may seem like a time-consuming, menial task, maintaining proper record retention practices is not only a key responsibility of real estate professionals—it’s the law. Per California Business & Professions Code §10148, licensed real estate brokers are required to retain copies of all listings, deposit receipts, canceled checks, trust records and any additional documents …
Records Retention Advice for California Real Estate Professionals Read More »