There are obvious things a broker should avoid: lying, misrepresenting, and hard-sell tactics. However, some unethical behavior is more subtle but no more acceptable.
Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Seller's Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.
Lack of transparency: The most prominent issue customers often encounter is the lack of clarity in the real estate market. This ambiguity often relates to understanding fair home prices or deciphering contract terms.
The Real Estate License Law prohibits brokers in a transaction from acting for more than one party without the knowledge of all parties for whom the broker acts. The most common complaints deal with dual agency, seller subagency, and special relationships between the parties.
Real estate agents are required to work under a supervising real estate broker in California. Brokers, on the other hand, have the freedom to work under another broker, work completely independently, or build their own real estate companies full of real estate agents working under them.
Investment Potential Riverside's real estate market has shown consistent growth. With a 3.1% increase in median home prices, the market is healthy and promising. The city's strategic location, close to major economic hubs like Los Angeles and San Diego, makes it a prime spot for real estate investments.
The California Department of Real Estate (DRE) continues to enjoy a nationwide reputation as a leader in real estate licensing and regulation.
Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024.
Quick Answer: The California Department of Real Estate (DRE) is the agency responsible for regulating real estate education, processing licenses, and administering the state's real estate exam.