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CalBRE Updates

Team Names

The California Real Estate Legal Alliance (“CRELA”) recently posted the attached article entitled, “Summary of BRE regulations regarding Team Names and Fictitious Business Names.”

CalBRE Can Discipline a Licensee for Altering a File It Requests

Effective January 2, 2014, the California Bureau of Real Estate (“CalBRE”) can suspend or revoke a license of any licensee, if the licensee knowingly, alters, destroys, conceals or mutilates any of the records that the CalBRE requires the licensee to maintain. If a licensee receives a request for documents from the CalBRE, it is recommended that the licensee speak with his or her attorney as soon as possible.

ALERT – WEBSITE MONITORING

The California Bureau of Real Estate (“CalBRE”) recently advised us that they expect real estate brokers to monitor the websites of their salespersons licensed with them for compliance with CalBRE regulations. Although CalBRE recognizes that this obligation may be cumbersome, the obligation can be delegated to someone in the broker’s office. However, the CalBRE contends that the broker is responsible for supervising agents, including monitoring their websites.