As a real estate broker, your livelihood and business depend on your broker license. The California Department of Real Estate (DRE) has the ability to strip one’s broker license away or can suspend or revoke one’s broker’s license. The DRE is known for fully investigating all accusations or complaints brought against a broker, which can be time-consuming and stressful. Pride Legal is here to help any broker with defending their license from the DRE and could help you with your application process.
Defending your Broker License
The DRE is in charge of regulating and licensing all brokers and real estate agents in California. The department is in charge of regulating all estate sales in California to ensure that no fraudulent activity is taking place. Some of the most common accusations the DRE will deal with include:
-Aiding and abiding unlicensed transactions of real estate
-Unlawful payment of commission
-Fraud in real estate transactions, or fraud in short sales
-Compliance errors exposed by a broker’s office
-Disqualifications from MLO licensing issues due to criminal convictions, lawsuits, etc.
-Transactions for real estate without having a license
-Commingling of broker trust funds
-Broker trust fund shortages and conversions.
Any accusation brought against your broker license will be fully investigated by the DRE. The department takes all claims very seriously, especially about allegations of fraud or unlicensed real estate transactions. To defend against allegations brought against you by the DRE, the first step any broker should take is to contact an experienced attorney. The department follows a strict set of rules and regulations when investigating brokers and MLO endorsements. The board will conduct office surveys, audits, and will ensure that files and documents have been properly taken care of.
How Pride Can Help your Broker License
Pride Legal is here to help any broker or real estate agent against any accusation or complaint brought against them by the DRE. Pride Legal is also able to help applicants with their application process. Common issues applicants will run into is when they need to disclose their past history and any prior criminal convictions. Our attorneys would be able to tell you and help you fill out your application form, as well as notify you as to what information doesn’t have to be disclosed. If you’ve been convicted of a DUI, have criminal convictions, or have had disciplinary action taken against you by another licensing agency, you could be denied your broker license. With Pride Legal, we can help discuss what has to be disclosed and what doesn’t have to be, as well as appeal denied licenses.
Q: Someone at the BRE has contacted me. What should I do?
A: The first thing to remember is to never speak to any department member or investigator, as anything you say could be used against you. Contact an attorney immediately so they can step in between you and the investigator.
Q: I have just received a Statement of Issues by the BRE. What do I do?
A: The first thing you should do is contact an attorney immediately. Once you receive the Statement of Issues, you will have 15 days to file a Notice of Defense with the BRE. Hiring an attorney to do this should be your first priority.
Contact Pride Legal
If you or a loved one has been contacted by the BRE, we invite you to contact us at Pride Legal for legal counseling or any further questions. To protect your rights, hire someone who understands them.