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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. [ 5 ] Real estate licensing is subject to both the Real Estate Law and the Regulations of the Commissioner, which have the force and effect of law.
The Department of Corporations was originally known as the "State Corporation Department" and was created by the "Investment Companies Act". [1] Governor Hiram Johnson appointed H.L. Carnahan as California's first Commissioner of Corporations in 1914. The Investment Companies Act faced immediate opposition but was approved by the voters in a ...
Cisneros, a Democrat since 2008, previously served as Under Secretary of Defense for Personnel and Readiness in the Biden administration and the U.S. representative for California's 39th congressional district from 2019 to 2021. In 2010, he and his wife won a $266 million Mega Millions lottery jackpot [2] and became philanthropists.
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Much of that is by design, reinforced by the National Association of Realtors, a mega trade group with monopoly-like control over US real estate. There’s good news and bad news on the horizon ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
The website is licensed to operate by the National Association of Realtors (NAR), the real estate industry's largest trade association. [3] [7] The company's business model is built around selling referral-based solutions, leads, and advertising to agents, brokers, and others in the real estate industry. [8] Realtor.com covers 80 countries.
The California Real Estate Act has two core components: licensing and enforcement. [ 1 ] [ 2 ] Both licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies.