Tag Archives: DRE

How and Where California Real Estate Exams are Scheduled

California

(California Department of Real Estate) – California real estate examination scheduling is based on the volume of applications received by the DRE. Examination availability is subject to the seating capacity of the facility and the demand for that site.

Examinations are generally administered in the following areas:

  • Fresno – Examinations conducted in this location are offered in an electronic format; however, exam format may be subject to change.
  • San Diego – Examinations conducted in this location are offered in an electronic format; however, exam format may be subject to change.
  • Los Angeles Vicinity – Examinations conducted in this location are offered in an electronic format; however, exam format may be subject to change.
  • Oakland – Examinations conducted in this location are offered in an electronic format; however, exam format may be subject to change.
  • Sacramento – Examinations conducted in this location are offered in paper and pencil.

NOTE: Examination locations within an area may vary. Requests for specific locations within the chosen area cannot be granted; however, you may use the eLicensing online system to select a specific exam date and site.

EXAM ROOM SECURITY

For security reasons, the following items are NOT permitted in the examination room: backpacks, briefcases, suitcases, food, drink, study materials, portable computers, PDA’s, and personal calculators, Basic calculators WILL be provided for your use; therefore, use of a personal calculator will not be allowed.

CELL PHONE use is prohibited during the examination, and while on break from the examination. All cell phones must be turned off, and out of sight once you enter the exam room.

A Personal Belonging’s table will be set up for any disallowed belongings; however, DRE will not be responsible for lost or stolen items.

###

OnlineEd is a provider of California real estate pre-licensing courses under DRE Sponsor Number 4056

For more information about OnlineEd please visit www.OnlineEd.com

OnlineEd Earns Dual Approval for 8-hour NMLS and DRE License Renewal Course

(OnlineEd) OnlineEd® has received dual approval from the Nationwide Mortgage Licensing System (NMLS) and the California Department of Real Estate (DRE) to offer their new 2012 single 8-hour SAFE Act mortgage course for continuing education credits for license renewal of both licenses, mortgage and real estate. The dual approval course can be found in the OnlineEd mortgage and real estate catalogs and is delivered entirely online for a limited time introductory cost of just $69.95, plus the $12 NMLS credit banking fee.

 

Learn more!

###

OnlineEd® is a licensed vocational school offering real estate broker, mortgage broker, and insurance licensing courses.

For more information about OnlineEd®, please visit www.OnlineEd.com or contact Paul Cleary at 866.519.9597

Upcoming DRE License Changes

(California DRE News Bulletin – Summer 2012)

Branch or Division Manager Appointments

Effective July 1, 2012, pursuant to Business and Professions Code (B&P) Section 10164, an employing real estate broker or corporate designated broker officer may appoint a licensee as a manager of a branch office or division of the employing broker’s or employing corporate designated broker officer’s real estate business and delegate to that manager responsibility to oversee and supervise operations and licensed activities. The appointed manager will share with the employing broker or corporate designated broker officer the liability of potential license discipline should violations of the Real Estate Law occur at the branch or division location.

While the appointment of a branch or division manager is completely voluntary under B&P §10164, a broker or designated broker choosing to appoint a branch or division manager must follow the guidelines set forth by B&P §10164. A licensee cannot be appointed as a manager if the licensee holds a restricted license or has ever been subject to a bar order. If the branch or division manager is a salesperson, the salesperson must have at least two years of full-time real estate experience within five years preceding the appointment. Whenever an appointment of a branch or division manager is terminated or changed, brokers or corporate designated broker officers should immediately notify the DRE in writing.

DRE’s Licensing Unit has developed a new form titled, “Branch or Division Manager Appointment” (RE 242), which will be used by a broker or corporate designated broker officer to appoint or terminate branch or division managers. This new form will be available on our Web site no later than July 1, 2012. Licensees wishing to add or cancel branch offices should continue to use the Branch Office Application (RE 203).

Online License Certificates

In conjunction with our on-going efforts to continue to streamline processing, DRE will be implementing an online printing process for license certificates during the summer of 2012. The Department will continue to provide licensees with a pocket identification card, but license certificates will only be available for printing from the DRE Web site. Licensees who renew using eLicensing will receive notification at the conclusion of their eLicensing transaction that their license certificate is available for printing. Applicants who do not utilize eLicensing will receive notification that their license certificate is available for printing when they receive their pocket identification card. In order to print a license certificate, licensees will need to register on eLicensing by setting up a username account and password. Stay tuned for more information on this exciting new process!

Click here to read view the full Summer 2012 DRE News Bulletin.

Are You Using eLicensing?

eLicensing has been around for a while now, and has come along way since it was first introduced. It provides a quick, convenient way to update information regarding your real estate license, and, as an added bonus, saves on printing and postage costs since everything is submitted to the California Department of Real Estate electronically. Whether you are renewing your license for the first time or you just need to update your business address, eLicensing is the way to go. Here’s a few other things you can do with eLicensing:

  • Add/Change Employing Broker
  • Request a Duplicate License
  • View License Application Exam Results
  • and more

Click here to view the DRE’s Getting Started with eLicensing guide.

 

###

OnlineEd® is a licensed vocational school offering real estate broker, mortgage broker, and insurance licensing courses.

For more information about OnlineEd®, please visit www.OnlineEd.com or contact Paul Cleary at 503.670.9278

OnlineEd Offers Three California Real Estate Pre-License Packages

OnlineEd® is proud to announce the addition of two new course packages for those interested in becoming a real estate salesperson in California. OnlineEd® began offering California real estate training courses online in 2006 and, up until recently, only had a one-size-fits-all package that included everything necessary to satisfy the requirements of the Califonia Department of Real Estate (DRE) and prepare the student for the California real estate salesperson licensing examination. Now, OnlineEd® is offering three different packages. The packages, which sell for $99, $149, and $249, all meet the requirements of the DRE, but contain different features.  A breakdown of each package is a little further down the page, but first we want to introduce two new features to our California real estate license training packages.

New Features

Flashcards

The first new feature is our  interactive flashcard application designed to help the learner study and retain key terms and their definitions. The flashcards are included in packages with our Exam Prep module. Flashcards can be used over and over as preparation for the state exam and have a couple of really cool features. The system has the ability to show you the term or the definition in order to test your knowledge. If you get it right, it will be removed from the deck. If you get it wrong, the term or definition gets randomly placed back into deck and will be presented again until you answer all the cards correctly. Then it’s up to you to start them over again for practice or move on to our next new feature, the California Real Estate Test Simulator.

Test Simulator

Test Simulator  is the final step in your pre-license education process. It is exactly what it sounds like. A state license exam test simulator designed to better prepare licensees for the California real estate exam. Test Simulator takes an accurate percentage of questions from each chapter of the learning material and serves them up to simulate the real estate salesperson exam.

The Packages

Each California real estate pre-license training package includes the DRE-required course material to prepare you for the real estate exam. Below is a breakdown of all three course packages:

The Deluxe Package – $249

  • Online Course Material (PDF format with the ability to read on screen or print)
  • Exam Prep with NEW Flashcards
  • NEW State Test Simulator
  • Proactive Instructor
  • First-time Pass Guarantee
  • Physical Texbooks
  • FREE BONUS: Real Estate Master IIIx Calculator

Learn More

The Standard Package – $149

  • Online Course Material (PDF format with the ability to read on screen or print)
  • Exam Prep with NEW Flashcards
  • NEW State Test Simulator
  • Proactive Instructor
  • First-time Pass Guarantee

Learn More

The Basic Package – $99

  • Online Course Material (PDF format with the ability to read on screen or print)
  • Proactive Instructor
  • DOES NOT INCLUDE EXAM PREP
  • DOES NOT INCLUDE TEST SIMULATOR

New Law Changes the Way Short Sales are Handled in California

California

CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) LOS ANGELES (July 15) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law.   SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans.

Under previous law (SB 931 of 2010), a first mortgage holder could accept an agreed-upon short sale payment as full payment for the outstanding balance of the loan, but unfortunately, the rule did not apply to junior lien holders. SB 458 extends the protections of SB 931 to junior liens.

“The signing of this bill is a victory for California homeowners who have been forced to short sell their home only to find that the lender will pursue them after the short sale closes, and demand an additional payment to subsidize the difference,” said C.A.R. President Beth L. Peerce.  “SB 458 brings closure and certainty to the short sale process and ensures that once a lender has agreed to accept a short sale payment on a property, all lienholders – those in first position and in junior positions – will consider the outstanding balance as paid in full and the homeowner will not be held responsible for any additional payments on the property.”

SB 458 contains an urgency clause making it effective upon signing.

California Department of Real Estate Approves OnlineEd 8-Hour Mortgage Loan Originator Course

California

(OnlineEd®) – The OnlineEd Mortgage Loan Originator (“MLO”) 8-hour NMLS approved continuing education course was approved by the NMLS for MLO continuing education sometime ago, but what you may not know is that it is also approved by the California Department of Real Estate for real estate license renewal. The approved course now allows licensees who hold real estate and mortgage licenses to complete just the one course and receive 8-hours of license renewal education toward both license renewals.

Designed to meet the requirements of the SAFE Act, the OnlineEd course is delivered wholly online and divided into the three main topics of  Federal Settlement Procedures Act;  Law,  Ethics, and Fair Lending; and Understanding FHA Products.  The course also serves to satisfy the annual fair lending educational requirement.

OnlineEd is an online education provider for mortgage loan originators and real estate brokers.  More information about OnlineEd and their courses can be found at their Website www.OnlineEd.com or by calling (866) 519-9597.

###

DRE Provider # 4056

New California DRE Continuing Education 8-Hour Survey Course

California

(OnlineEd) Licensees who have renewed a California real estate license at least once may be familiar with the continuing education course known as 6-Hour Survey. In order to renew a real estate license in California, licensees are required to have 45-hours of approved continuing education. Twelve of the 45 hours, 3 hours each, must be in the topics of Ethics, Agency, Fair Housing, and Trust Fund Handling. Alternatively, a Department of Real Estate (DRE) approved 6-Hour Survey course that combines theses four topics can be used for subsequent (not first-time) license renewals. Licensees are also required to have one 3-hour course in the topic of Risk Management.

Beginning on July 1, 2011 the required Risk Management course topic will become part of 6-Hour Survey, which will be renamed 8-Hour Survey, and 6-Hour Survey will no longer be accepted by the DRE for continuing education.  Instead of 8-Hour Survey, licensees will still have the option to complete 15 hours (3 hours each) of education in the topics of Ethics, Agency, Fair Housing, Trust Fund Handling, and Risk Management.

What does it mean for you?

The only change this update brings is the addition of the Risk Management topic to the 6-Hour Survey.  That’s not so bad, right? It gets even better, because OnlineEd® has already made the change.

Any of our Ed-Paks that contained the old 6-Hour Survey have had it removed and been updated to include 8-Hour Survey.

If you are a current OnlineEd® student working on continuing education in California, we made sure we covered you first! Your 6-Hour Survey was updated to 8-Hour Survey, free of charge.

###
For For more information about OnlineEd, please visit www.OnlineEd.com or give us a call toll free at 866.519.9597

How to Renew Your California Real Estate License

(OnlineEd®) – 2011 brought enormous change and much confusion in the California Department of Real Estate’s education requirements. Stricter time-monitoring, and a limit on final exam attempts are the two most most important,  but over-looked rules required by ALL continuing education providers as of January 1, 2011. OnlineEd® has created this guide to help you understand which courses you need to complete to renew your license, and what you need to be aware of when completing your online education. If you are still unsure about what is required after reading this guide, please feel free to email us or give us a call toll free at (866) 519-9597.

Which courses do I need?

For Salespersons

  • First time renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
  • Subsequent renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
    OR
    Ed-Pak 45-9 (includes: the required Eight Hour Survey course (which includes topics in Fair Housing, Trust Funds, Ethics, and Agency) along with the required Risk Management course and 33 hours in Consumer Protection)

For Brokers

  • First time renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
  • Subsequent renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
    OR
    Ed-Pak 45-9 (includes: the required Eight Hour Survey course (which includes topics in Fair Housing, Trust Funds, Ethics, and Agency) along with the required Risk Management course and 33 hours in Consumer Protection)

How do theses changes affect licensees?

  • If the licensee does not pass the final exam in two attempts the course must be marked as failed, the course is over, and the licensee will not receive credit for that course.  If the licensee wants to obtain course credit, the licensee must enroll in the course and retake it from the beginning. *Please note that OnlineEd does NOT charge for retakes.
  • All courses are to be timed. The licensee must actively participate in reading, studying, and completing the exercises in this course before being given access to the final exam. The licensee’s time while logged into the course and engaged in course activities must be timed by the course provider.
  • The licensee may not complete more than 8 hours of course study per day and no more than 15 credit hours of final exams in any rolling 24-hour period. The licensee must also wait 24 hours from enrollment before being given access to the first course final exam.

Other Important Information

  • These changes are required by the DRE of all online continuing education providers. If you are enrolled in courses that do not meet these guidelines the DRE will not accept your license renewal.
  • OnlineEd® courses are completed entirely online. Materials do not need to be printed and nothing is completed offline.
  • OnlineEd® courses are mastery-based. This means that the licensee will master the current course lesson before moving on to the next.
  • Completion credit will be issued immediately after the licensee has completed the entire course and passed all exams with the minimum passing score. There isn’t any waiting to receive your certificate.
  • OnlineEd® courses are available 24/7. The licensee can can quit or resume progress of a course at any time.  The OnlineEd® system automatically registers activity so the licensee is not required to keep time records.
  • The licensee can go back and view content previously completed and may also retake quizzes for practice.
  • Licensees are not required to have or download any software.

*Update 01/19/2011*

All continuing education providers must meet these DRE requirements for education to be valid. You may view the requirements HERE .

###

OnlineEd® is a California DRE approved course provider and has met the January 1, 2011 course delivery requirements. To learn more about OnlineEd or see their real estate license continuing education catalog please visit www.OnlineEd.com or contact us by telephone at 866.519.9597

DRE Provider # 4056

California Issues Informational Pamphlet on Real Estate Escrow Process


California

(California Dept. of Real Estate – SACRAMENTO) – The California Department of Real Estate (DRE) has issued a new informational pamphlet entitled “Surviving the Real Estate ‘Escrow’ Process in California: Important Tips You Should Know, and Mistakes to Avoid.” The new publication was written for California consumers, real estate licensees, and anyone else who is interested in learning about the California escrow process that applies to residential real estate.

“The Department of Real Estate is committed to educating consumers, its licensees and the public at large about important real estate matters that affect the purchase, sale and financing of homes in California,” said Real Estate Commissioner Jeff Davi. “I hope this pamphlet on escrows will be a valuable tool for those who are involved in residential real estate transactions,” Davi added.
After an easy to follow Table of Contents, the escrow pamphlet is broken up into clear sections, including an Introduction and Brief Overview, Escrow Basics (with 26 questions and answers), Helpful Tips (7 tips are provided), a discussion entitled “Beware of Fraud” (with 7 additional points with regard to fraud avoidance), a Conclusion, and References for further research by or assistance to the reader.
A few of the key points a home purchaser, seller, or homeowner who is going to refinance his or her home should consider with respect to the selection of an escrow holder are the following:
  • Real estate brokers licensed by the DRE can perform escrows (known as Broker Controlled Escrows) under an exemption from the State’s Escrow Law only where the escrows are in the course of or incidental to a real estate transaction in which the broker is an agent or a party to the transaction and in which the broker is performing an act for which a real estate license is required.
  • Real estate escrows performed by independent escrow companies licensed by the California Department of Corporations do not have the limitations imposed on Broker Controlled Escrows, and provide broad indemnification protections. Such escrow companies, when performing relevant real estate escrows, must be members of the Escrow Agents’ Fidelity Corporation, which provides coverage to its members of between $1,000,000 and $5,000,000 for certain fraudulent and dishonest conduct by certain individuals involved in the member companies.
  • Payments, costs and fees must be fully disclosed and made part of the escrow documents. If there are any payments, costs and fees to be paid “outside” of escrow, this may be the red flag that the payment is unlawful.
  • You can choose the escrow holder, and the fees charged by the escrow are or may be negotiable.
  • When possible, meet the people who will be working on your escrow in person, always retain a copy of everything you sign and receive, and be sure to question unexpected or last minute changes to documents.

You should do your own homework with regard to the escrow holder that is selected. Check them out through State licensing websites, Better Business Bureaus, “Google”-type searches, and by talking with real estate licensees and others who have bought, sold, or refinanced homes. Ask the escrow holders specific, detailed questions.

For a copy of the pamphlet, visit http://bit.ly/OnlineEd112. For more information about DRE and its programs visit www.dre.ca.gov.

###