DRE, no BRE, Back to DRE Makes Calif. Real Estate Agents Look Confused
by Silicon Valley REALTOR Michelle Carr Crowe
Remember a few years ago when the California Department of Real Estate changed to become the Bureau of Real Estate, and all agents had to update their business cards, marketing materials and advertisements to reflect the new CalBRE# instead of DRE#?
The actual license number didn't change, after 32 years, mine is still #00901962, whether there'sCalBRE or DRE in front of it.
The Bureau of Real Estate is changing back to Department of Real Estate again, effective July 1, 2018.
Below is the email I received from the DRE today.
The California Bureau of Real Estate (CalBRE) will cease to exist, and will become the Department of Real Estate, effective July 1, 2018.
California Senate Bill 173, signed by Governor Brown on October 15, 2017, removes CalBRE from bureau status under the Department of Consumer Affairs and returns it to department status under the Business, Consumer Services and Housing Agency. The California Department of Real Estate became a bureau on July 1, 2013, as part of a government reorganization plan instituted in 2012.
The change is not expected to impact consumers, licensees or license applicants as the regulatory authority remains the same and no contact information will change.
I agree the change is unlikely to affect consumers. However, I believe it will cause confusion. And it caused and will cause increased expenses for real estate agents and brokers who again must needlessly change all of their business cards, marketing materials and advertisements.
And combined with today's news of the rollback on Frank-Dodd, it sounds like the same crooks that hurt real estate agents, consumers and loan agents are planning to get back in the business of maniulating real estate markets, interest rate, loan program terms and values, effectively stealing from the majority of hardworking homeowners, investors and real estate professionals.
Images courtesy of www.pixabay.com and author's own collection.
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