News Flash – The DRE is back
Today I received an email from the State of California Department of Real Estate. It stated that as of July 1st The Bureau of Real Estate would cease to exist. A new Department of Real Estate will emerge.
So, why did this happen? Why did California “kill off” the Department of Real Estate in the first place?
Can’t you guess? The old DRE was a self-funding, semi-autonomous agency. And they managed very well. Maybe too well. While the rest of the State Government was facing bankruptcy, the DRE was flush with cash.
When they dissolved the old DRE, the State took all that money for the general fund.
Do you believe that the “NEW” DRE will get all that money back? Fat chance. So where will they get their money? From us, of course. We can expect fees to increase, and sooner rather than later.
No matter what, I am very happy to see the DRE come back to life.
As they say, “what is old is new again,” Maybe a few other old things will come back to life, such as sales agents working for the brokers, instead of the other way around. Maybe we’ll even see a return of FLOOR TIME. Wouldn’t that be nice?
BTW In California, DRE license numbers are sequential from the beginning of the agency. My number is DRE 00527512. The latest licenses are numbered over 2,000,000. I don’t know if that is good or bad, or just proof that I’ve been around a long time.
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